Sudanese gold exports to the United Arab Emirates plunged last year, after the military-backed government ended relations with the Gulf state. The North African nation sent about 8.2 metric tons of gold to the UAE in 2025, down from 22.2 tons the year before, according to data shared with Bloomberg by the Sudanese central bank. As a result, the proportion of Sudan’s total gold shipments that went ...
Sudanese gold exports to the United Arab Emirates plunged last year, after the military-backed government ended relations with the Gulf state. The North African nation sent about 8.2 metric tons of gold to the UAE in 2025, down from 22.2 tons the year before, according to data shared with Bloomberg by the Sudanese central bank. As a result, the proportion of Sudan’s total gold shipments that went to the UAE fell to 56% from 99% over the same period. The bullion was exported elsewhere, including to Egypt, which received 4.9 tons worth $517 million in 2025 — a roughly 20-fold increase from the year before. Shipments to Oman doubled to 0.7 tons, valued at $77 million. The figures show the frayed relations between Sudan’s army and the UAE, which was Sudan’s biggest trading partner when civil war erupted there in April 2023. Sudanese authorities formally cut ties with the UAE last May, and have repeatedly accused Abu Dhabi of backing the Rapid Support Forces, the paramilitary group that’s battling the army for control of the country. The UAE has consistently denied the allegations, saying it supports neither side. The Gulf state last month repeated its call for an immediate ceasefire and a political transition. From August, there were indications some ships carrying Sudanese cargoes were having trouble entering the UAE - a development that affected some fuel cargoes from Sudan’s Red Sea ports. System shock Although some gold continued to flow to the UAE, events “sent shocks through the system in Sudan,” said Suliman Baldo, executive director of the Sudan Transparency and Policy Tracker, a Sudanese-run think tank that monitors economic developments. “That is the moment officials in Port Sudan began exploring alternative markets .” Qatar also received more than twice as much Sudanese gold in 2025, amounting to 382 kilograms worth $41 million. Ethiopia — which previously imported none — got 294 kilograms worth $31 million, the data show. Sudan officially shipped 14.7 tons l...
The Beachbody Company (BODI) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.
The Beachbody Company (BODI) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.
The headquarters of Goldman Sachs Group Inc. in Paris were placed under police surveillance Wednesday night following bomb threats believed to be from an Iranian group, Le Parisien newspaper reported. The bank was contacted by US authorities advising increased vigilance, according to the French daily. A source close to the matter told Le Parisien an Iranian group was threatening to use explosive d...
The headquarters of Goldman Sachs Group Inc. in Paris were placed under police surveillance Wednesday night following bomb threats believed to be from an Iranian group, Le Parisien newspaper reported. The bank was contacted by US authorities advising increased vigilance, according to the French daily. A source close to the matter told Le Parisien an Iranian group was threatening to use explosive devices to attack the building. Paris prosecutors said in an e-mailed statement on Thursday that no suspicious items had been found. The threats come just days after a bombing attempt was foiled near the office of Bank of America Corp. in the French capital. French authorities have charged and jailed an adult and three teens age 16 to 17 over the incident. A spokesman for Goldman Sachs declined to comment on the matter. Officials at the Paris police headquarters didn’t immediately respond to requests for comment. Staff at Goldman Sach’s Paris office were allowed to work from home on Thursday, according to a person familiar with the matter. Read More: France Jails Four for Alleged Terrorism in Foiled BofA Bombing
The effective closure of the Strait of Hormuz by Iran has stranded a significant proportion of global jet fuel shipments and led refineries in Asia to cut production. Bloomberg's Danny Lee reports on how this impacts the global aviation industry. (Source: Bloomberg)
The effective closure of the Strait of Hormuz by Iran has stranded a significant proportion of global jet fuel shipments and led refineries in Asia to cut production. Bloomberg's Danny Lee reports on how this impacts the global aviation industry. (Source: Bloomberg)
(RTTNews) - European stocks fell on Thursday after U.S. President Donald Trump gave no clear end date for the Middle East conflict in his rare prime-time speech and vowed more strikes on Iran, raising the risk of more extensive damage to energy infrastructure throughout the Gulf.
(RTTNews) - European stocks fell on Thursday after U.S. President Donald Trump gave no clear end date for the Middle East conflict in his rare prime-time speech and vowed more strikes on Iran, raising the risk of more extensive damage to energy infrastructure throughout the Gulf.