Economic Sanctions: When the dollar is a weapon

by Hervé Pugi. BNP Paribas, Commerzbank, HSBC, Crédit agricole, ING, Crédit suisse… What’s the common denominator between these banking institutions? They’ve been “nicked” by the US Justice System for violating economic sanctions, in particular in relation to Sudan. When the leading world power exploits it currency, many are forced to pay out. Not to mention the collateral damage… Don’t mention the violation of the embargo … Continuer de lire Economic Sanctions: When the dollar is a weapon

Badreldin Mahmoud Abbas : “We are navigating through all these sanctions…”

by Hervé Pugi. Sanctions, negotiations, institutions… We take a quick look at some of the hot topics currently being tackled by the Minister of Finance and the National Economy, Badreldin Mahmoud Abbas. Scribouille: How are economic sanctions affecting the country’s economy? Badreldin Mahmoud Abbas (B. M. A.): These sanctions are affecting our economy in many ways. We cannot make use of the medium-term programmes offered … Continuer de lire Badreldin Mahmoud Abbas : “We are navigating through all these sanctions…”

Sudan – China: this so valuable partner

by Hervé Pugi. With a future military base in Djibouti, yuan the official currency of Zimbabwe, a 74 billion dollar investment plan for the continent announced last December by president Xi Jinping, it is currently fashionable to condemn China for “hijacking” Africa and for adopting a neo-colonialist attitude. An opinion clearly not shared by Khartoum, a great partner of the “Middle Kingdom”. On September 3, … Continuer de lire Sudan – China: this so valuable partner

Sudan Airways: economic crash

by Hervé Pugi. In July 2015, a Sudan Airways airplane was greeted by water cannons on the tarmac at Abu Dhabi airport. A celebration of the new relationship between Khartoum and the United Arab Emirates. At the offices of the Sudanese national airline company, however, not a time for festivities. A report. In the heavy heat of early spring, at the Sudan Airways workshops, employees … Continuer de lire Sudan Airways: economic crash

Libya: a race against time

par Hervé Pugi. While western powers attempt to fight evil in Iraq and Syria with bombs, the Daesh cancer is spreading to Libya. And although still contained, this terrorist tumour calls urgently for an appropriate remedy before the country wastes away further. we’ve gone to meet young libyans. « It’s obviously getting worse. Daesh is gaining people as well as power. » These are just some of … Continuer de lire Libya: a race against time

Mokhtar Belmokhtar: One-eyed man with a vision

by Hervé Pugi. Mokhtar Belmokhtar, a Jihadist turned into a (quasi) legend by… his adversaries. Reported dead many times, Washington has put a 5 million dollar price on his head, and he is in the IS line of fire. All the more glory for someone who « dreams of only one thing: to die a martyr ». No doubt about it, Mokhtar Belmokhtar is hard to catch. … Continuer de lire Mokhtar Belmokhtar: One-eyed man with a vision

Salma Elloumi Rekik: “rebuilding Tunisia’s image”

by Hervé Pugi. With the dramatic attacks in Tunis and Sousse, 2015 will surely remain a black year for Tunisia’s tourist industry. However, there is no question of giving up. Salma Elloumi Rekik, Minister of Tourism and Handicraft, intends to take advantage of this crisis to give this activity which is so crucial to the country’s economy, a second wind. Scribouille went to interview her. … Continuer de lire Salma Elloumi Rekik: “rebuilding Tunisia’s image”