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Vol 55 No 8

Published 18th April 2014


Egypt

Saudi Arabia targets Khartoum

The National Congress Party’s support for Egypt’s Muslim Brothers is exacting a heavy political and economic cost

Financial sanctions on Sudan by Saudi Arabia and the United Arab Emirates are a political warning shot. The immediate targets are Khartoum's backing for Egypt's banned Muslim Brotherhood and its ever strengthening relationship with Iran, Saudi's regional rival. The Riyadh officials who monitor money laundering and terrorist financing issued a circular on 4 March banning all dealings with Sudan's banks. Days later, finance officials in the UAE announced their own ban on dealings with Sudan.

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