War Decimates Harvest in Sudan

Farmers harvest peanuts at the New Halfa irrigated agricultural project in Kassala state in eastern Sudan on October 20, 2024. (Photo by AFP)
Farmers harvest peanuts at the New Halfa irrigated agricultural project in Kassala state in eastern Sudan on October 20, 2024. (Photo by AFP)
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War Decimates Harvest in Sudan

Farmers harvest peanuts at the New Halfa irrigated agricultural project in Kassala state in eastern Sudan on October 20, 2024. (Photo by AFP)
Farmers harvest peanuts at the New Halfa irrigated agricultural project in Kassala state in eastern Sudan on October 20, 2024. (Photo by AFP)

Ahmed Othman's farm has been spared from the deadly fighting that has spread across Sudan, but the war's toll on the economy and labor market has still reached him.

"I had to sell two vehicles" to afford to harvest this season's crops, he told AFP from his large sesame farm in eastern Sudan's Gedaref state.

A year and a half of war in Sudan between the army and the Rapid Support Forces (RSF) has triggered one of the world's worst humanitarian crises and devastated harvests.

Last month, United Nations experts accused the warring sides of using "starvation tactics" against 25 million civilians, and three major aid organizations warned of a "historic" hunger crisis as families resort to eating leaves and insects.

Hundreds of farmers have been driven off their once-fertile lands and those who have managed to remain face tremendous hardships.

Gedaref state is key to Sudan's corn production, a crucial crop for a population the World Food Programme warns is nearing famine -- a condition already declared at a displacement camp in the country's western region of Darfur.

"The first challenge we faced was securing funding as banks are experiencing a cash crunch due to the war," said Othman.

Cash shortages have occurred even in army-controlled Gedaref since the RSF took over the capital Khartoum and banks were ransacked.

The farmer said that without selling two out of his three vehicles he could not have afforded fuel for farm machinery or to pay workers to prepare the fields and tend to the crops.

"The second problem is the scarcity of farm workers due to the war, which has limited their movement across states," he added.

Most workers in Gedaref previously came from the adjacent states of Blue Nile and Sennar, as well as from Kordofan further away.

However, the war has restricted inter-state movement, leaving farm owners like Othman with only a small workforce.

Another local farmer, Suleiman Mohamed, said "the shortage of workers has driven up wages, so we are relying on those already in the area, mainly Ethiopians" who have long resided in Sudan's east as refugees.

War began in April 2023 between the army under the country's de facto ruler Abdel Fattah al-Burhan and the RSF, led by his former deputy Mohamed Hamdan Daglo.

Disruptions to the harvest this season could exacerbate the hunger crisis, made worse by restrictions on aid entry.

European and North American nations issued a joint statement last month that accused the warring sides of "systematic obstruction" of aid efforts. They said both sides should urgently admit the assistance to millions of people in dire need.

In southern Gedaref, another farmer, Othman Abdelkarim, said many have already given up on this year's season.

"Most of us have relied on ourselves for financing, and some simply opted out and didn't plant," he said, pointing to an unplanted field west of his farm.

"This crisis will delay the harvest and affect its quality," he added.

The state's agriculture ministry reported that nine million acres (3.6 million hectares) were cultivated in Gedaref this year -- five million with corn and the rest with sesame, sunflowers, peanuts and cotton.

That is less than half of the roughly 20 million acres planted annually before the war.

Farmer Suleiman Mohamed fears there is no hope for this season's crop.

"With fewer workers and delayed harvesting, we'll face losses, and part of the crop will be lost," he said from his farm in eastern Gedaref.



Saudi Arabia Activates Major Investment Engines With Approval of Special Economic Zone Rules

 King Abdullah Economic City, located in western Saudi Arabia (Asharq Al-Awsat). 
 King Abdullah Economic City, located in western Saudi Arabia (Asharq Al-Awsat). 
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Saudi Arabia Activates Major Investment Engines With Approval of Special Economic Zone Rules

 King Abdullah Economic City, located in western Saudi Arabia (Asharq Al-Awsat). 
 King Abdullah Economic City, located in western Saudi Arabia (Asharq Al-Awsat). 

Saudi Arabia has taken a pivotal step toward strengthening its standing as a global investment destination after the Cabinet approved the regulatory frameworks for four Special Economic Zones (SEZs): Jazan, Ras Al-Khair, King Abdullah Economic City, and the Cloud Computing Special Economic Zone.

The move marks the effective start of the operational and legal phase for the zones, offering investors a clear roadmap on how to benefit from the incentives and competitive advantages the Kingdom is rolling out.

Saudi Minister of Investment Khalid al-Falih said the regulations will come into force in early April 2026, calling the decision a major leap in developing the regulatory ecosystem for SEZs.

He said it underscores Saudi Arabia’s commitment to boosting investment competitiveness regionally and globally, while building an enabling environment that attracts high-quality investments and supports sustainable growth in line with Vision 2030.

The four zones are designed to serve strategic sectors that place the Kingdom at the heart of global supply chains. The Jazan zone is set to become a hub for food processing, mining, and manufacturing, leveraging its port and proximity to African markets.

Ras al-Khair is being developed into a global center for maritime and mining industries, providing an integrated platform for shipbuilding, offshore drilling rigs, and marine support services.

King Abdullah Economic City is positioned as an advanced hub for logistics, high-value manufacturing, and the automotive sector, while the Cloud Computing and Informatics Zone in Riyadh represents a major leap in the data economy, hosting global technology firms offering local data storage and processing services.

The new regulations introduce flexible licensing regimes, attractive tax and customs standards, and streamlined operating procedures, including flexible ownership structures.

Investors will be allowed to use multiple languages for trade names, and investments within the zones will be exempt from certain provisions of the traditional Companies Law, giving global firms greater operational freedom.

On workforce policy, Al-Falih said the regulations include tailored Saudization frameworks aligned with each zone’s economic activities, balancing national talent development with the rapid growth needs of major investors.

The frameworks are part of an integrated governance model that clarifies mandates and aligns government entities, accelerating licensing processes and creating a fast, flexible business environment aligned with Saudi Arabia’s economic ambitions.

 

 

 


Turkish Manufacturing Nears Stabilization as PMI Rises in December

An employee works at an assembly line in the Toyota manufacturing plant in Sakarya October 10, 2013. REUTERS/Osman Orsal
An employee works at an assembly line in the Toyota manufacturing plant in Sakarya October 10, 2013. REUTERS/Osman Orsal
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Turkish Manufacturing Nears Stabilization as PMI Rises in December

An employee works at an assembly line in the Toyota manufacturing plant in Sakarya October 10, 2013. REUTERS/Osman Orsal
An employee works at an assembly line in the Toyota manufacturing plant in Sakarya October 10, 2013. REUTERS/Osman Orsal

Turkish manufacturing activity shrank at a slower pace in December, marking two consecutive months of improvement, signaling a slight moderation in operating conditions at the end of 2025, a business survey showed on Friday.

The Istanbul Chamber of Industry Turkiye Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, rose to a 12-month high of 48.9 from 48.0 in November thanks ‌to softer slowdowns ‌in output, new ‌orders, ⁠employment and purchasing activity.

Readings ‌below 50.0 indicate contractions in overall activity, while figures above that suggest growth, Reuters said.

"With PMI reaching its highest level for a year in December, the manufacturing sector takes some momentum into 2026, giving hope that we will ⁠see growth in the months ahead," said Andrew Harker, ‌Economics Director at S&P ‍Global Market Intelligence.

New ‍orders eased at the slowest pace ‍since March 2024, with some firms noting improvements in customer demand. However, both total new business and new export orders continued to moderate.

Production was scaled back, though at a slower rate than in November. Employment saw ⁠a marginal reduction, while purchasing activity also experienced a softer decline, according to the survey.

Input costs rose sharply, driven by higher raw material prices, leading manufacturers to increase selling prices, the survey said.

"While inflationary pressures rebounded following the recent lows seen in November, rates of increase in input costs and output prices were still comfortably below the highs ‌we have seen at times in recent years," Harker said.


Asia Stocks Make Bright Start to 2026

Stock markets welcomed the New Year with healthy gains. Punit PARANJPE / AFP
Stock markets welcomed the New Year with healthy gains. Punit PARANJPE / AFP
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Asia Stocks Make Bright Start to 2026

Stock markets welcomed the New Year with healthy gains. Punit PARANJPE / AFP
Stock markets welcomed the New Year with healthy gains. Punit PARANJPE / AFP

Asian markets made a bright start to 2026 on Friday but volumes were thin with Tokyo and Shanghai still closed as investors awaited fresh direction from Wall Street.

Stocks had a bumper 2025, with the S&P adding 16.4 percent, the tech-rich Nasdaq 20.4 percent and London's FTSE enjoying its merriest Christmas in 16 years, said AFP.

In Asia, Seoul stocks whooshed 75 percent, while Hong Kong's Hang Seng index bounced 28 percent and Tokyo's Nikkei 225 rocketed more than 26 percent.

"Naturally, the start of the new year comes with the question everyone asks moving from one year to the next: will this continue? The consensus is that, yes, it will," said Kyle Rodda at Australian brokerage Capital.com.

"When it comes to the all important US economy, Wall Street is pricing in growth will accelerate this year while inflation still moderates and interest rates get cut. Meanwhile, analysts predict that corporate fundamentals will improve," Rodda said.

Hong Kong was up 2.2 percent Friday with chip designer Biren Technologies roaring 80 percent higher after its initial public offering.

The Shanghai-based firm's listing raised more than $700 million, suggesting that investor appetite for anything related to artificial intelligence remains insatiable.

Biren "enjoys scarcity value and high market attention", said Kenny Ng, a strategist at China Everbright Securities.

"The industry is in a flourishing stage, with many firms striving for breakthroughs and significant growth potential," Ng said.

Search-engine giant Baidu jumped almost seven percent after saying its AI chip unit Kunlunxin had filed a listing application in Hong Kong.

Taipei, Sydney, Jakarta, Manila and Singapore also advanced while while Seoul's Kospi, which soared 76 percent in 2025 in large part due to AI boom, was up 1.7 percent.

Samsung Electronics added three percent after co-CEO Jun Young Hyun said customers had praised its high-bandwidth memory (HBM) chips, some saying that "Samsung is back", Bloomberg News reported. 

After volatile recent days, following record highs for silver, precious metals started the new year on a bright note with gold up 0.64 percent per ounce and silver 1.5 percent shinier.