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on 2012/4/5 10:07:44

Open in new windowThe 37th annual meeting of the Islamic Development Bank Group has been concluded Wednesday in the Friendship Hall in Khartoum, in the presence of the envoy of the President of the Republic and Presidential Advisor Jalal Yousif Al-Degair. Addressing the concluding sitting, Mr. Al-Degair said that the participants have discussed issues of common concern, such as impediments facing the development in their countries, horizons of establishing an Islamic economic bloc, uniting visions and strategies and aims for combating poverty and corruption.
He said that the Islamic Development Bank Group is entitled, on its capacity as an economic institution of the Islamic World, to work through its mechanisms for realizing social justice and equality and combating corruption.
Within the activities accompanied the 37th annual meeting of its Board of the Governors of the Islamic Development Bank, the bank has signed 40 new financing agreements with 21 member countries amounted to 1,956.4 million dollars. According to the agreements the bank will contribute to the funding of development projects in the said countries.
Sudan has signed two agreements with the IDB totaled 124 million dollars to contribute to the finance of two development projects which are new Helfa agricultural Project and the project of heightening Rosaries Dam.

on 2012/4/5 9:47:56

Open in new windowThe Minister of tourism, Antiquities and Wildlife Ghazi Al-Saddig inspected Wednesday the work progress in rehabilitation of Sudan National Museum in Khartoum and Al-Khalifa House Museum in Omdurman city.
The minister has called for speeding up the work at these two important tourism sites.

on 2012/4/4 11:02:45

Open in new windowThe Press Secretary of the President of the Republic, Imad Sid-Ahmed, pointed out that the President of the Republic, Field Marshal Omer Al-Bashir, has rejected the resignation of the Minister of Industry, Engineer Abdul-Wahab Osman, due to what was announced on postponement of the inauguration of the White Nile Sugar Factory, which was scheduled to take place next Thursday.
Sid-Ahmed said in a press statement that the President of the Republic has issued a decision on formation of an investigation committee to identify the reasons that impeded inauguration of the White Nile Sugar Factory in the fixed time.
It is to be recalled that the Minister of Industry, Engineer Abdul-Wahab Osman, announced through a press release that he has submitted his detailed resignation to the President of the Republic.

on 2012/4/4 10:45:05

Open in new windowThe Vice President of the Republic Dr. Al-Haj Adam has affirmed cancellation of any illegal fees or taxes not enshrined in the budget.
This came when he chaired the meeting of the Committee on Cancellation of some Fees yesterday at the Secretariat General of the Council of Ministers.
The committee heard a report by the National Committee on the Study of the states' law on the Fees and Taxes presented by the State Minister at the Ministry of Justice Hassan Mohamed Mukhtar a long a report by the Technical Committee for Listing, Review and Study of National Fees presented by the State Minister at the Ministry of Finance and National Economy Dr. Abdal-Rahman Dirar
The committee emphasized the importance that the fees should fit the service rendered besides unification of collection windows to simplify the procedures to enable the flow of goods and to avoid double collection of the fees in order to increase the competitiveness of Sudanese exports in the international markets and to encourage investments by motivating the investors.

on 2012/4/4 10:39:59

Open in new windowThe Minister of Finance and National Economy and Chairman of the Board of Governors of the Jeddah-based Islamic Development Bank in its 37th session, Ali Mahmoud, said that the economic performance of the member countries remained affected by the international economic fluctuations
He pointed out that the gross domestic product (GDP) of the member countries dropped from 5.7% in 2010 to 4.9% in 2011, whereas the rate of inflation increased from 7.1% in 2010 to 8.7% in 2011, explaining that the instability of economic situation necessitates intensification of efforts to remove all the impediments facing the joint Islamic action and to consolidate the development cooperation between the member countries
He said that the report of the Islamic Development Bank for the year 2011 reveals stability due to commitment of the bank group to boosting of the economic growth among the member countries through extension of financing at a rate of 16.3% and focusing on the sectors of infrastructures, energy, industry, mining, information, communications, transport, water, sanitation and urban services
The minister pointed to the role of the bank to alleviate poverty rate and to solve unemployment problem in the least developing member countries, referring to the great role of the bank for realizing comprehensive development
He said that Sudan supports the orientation of the bank to achieve its strategic vision to become an international Islamic development bank before the year 2020
Mahmoud referred to the economic and development experience of Sudan concerning economic liberalization and the application of Islamic banking and financial system

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