Protests in Sudan Over Worsening Economic Situation

Demonstrators attend a protest rally in Khartoum, Sudan (File Photo: Reuters)
Demonstrators attend a protest rally in Khartoum, Sudan (File Photo: Reuters)
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Protests in Sudan Over Worsening Economic Situation

Demonstrators attend a protest rally in Khartoum, Sudan (File Photo: Reuters)
Demonstrators attend a protest rally in Khartoum, Sudan (File Photo: Reuters)

Protests erupted in a number of neighborhoods in the Sudanese capital against soaring inflation, food shortages, and power cuts.

Dozens of demonstrators blocked the streets in Khartoum and Omdurman, setting up barricades and burning tires to voice their anger against the security services’ failure to deal with the chaos.

The soaring prices and difficult economic situations had prompted a number of citizens to denounce the performance of the transitional government, chanting against its policies.

They demanded the authorities achieve the goals of the revolution: freedom, justice, and peace.

The demonstrators said the transitional government failed to hold members of the old regime accountable for their crimes, calling for the announcement of the government, the formation of the legislative council, and retribution for the killers of the revolution's martyrs.

The federal government increased the prices of bread, electricity, fuel, and liquid gas, leading to long queues at the bakeries and gas stations.

The cabinet announced it was lifting the subsidies of basic commodities, in light of a sharp increase in inflation rates, which has reached about 254 percent in December.

The exchange rate of the Sudanese pound fell sharply, as one dollar currently fetches SDG300.

Meanwhile, the head of the Sudanese Congress Party, Omar al-Dukair, called on the transitional government to face the economic crises that caused scarcity and price increase, stressing that protesting is a legitimate right for the people.

He criticized “ignoring the growing protests” and deterioration of economic and security situations, urging the government to address citizens’ demands in a transparent manner.

Dukair said in a press release that people have become used to seeing new announcements about price increase every morning on social media.

The government does not announce its decisions through official channels but rather leaks them to the media, leaving citizens without any explanation for the increase, according to Dukair.

However, he noted that the transitional government inherited a comprehensive national crisis, and economic deterioration is one of its results.

He called on the government to amplify its consultations on the harsh economic reform policies.

Notably, the majority of citizens are discontent with the government's performance and demand a government of “revolutionaries” to address the national crisis, reform the economy, and establish security.

Protesters, who say the current government is a "failure", insist on a civilian rule, stressing that the former regime and Islamists must not return to power.



Lebanon Bans Dealing with Hezbollah Financial Entity

A view shows Lebanon's Central Bank building in Beirut, Lebanon April 4, 2025. REUTERS/Mohamed Azakir/File Photo
A view shows Lebanon's Central Bank building in Beirut, Lebanon April 4, 2025. REUTERS/Mohamed Azakir/File Photo
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Lebanon Bans Dealing with Hezbollah Financial Entity

A view shows Lebanon's Central Bank building in Beirut, Lebanon April 4, 2025. REUTERS/Mohamed Azakir/File Photo
A view shows Lebanon's Central Bank building in Beirut, Lebanon April 4, 2025. REUTERS/Mohamed Azakir/File Photo

Lebanon's central bank has banned banks and brokerages from dealing with a Hezbollah-affiliated financial institution, according to a circular, a sign of the group's diminished sway over state affairs since its devastating war with Israel.

Keeping up military pressure on the Iran-backed group, Israel on Tuesday launched some of its heaviest airstrikes since a ceasefire in November, saying it hit training camps and weapons depots in east Lebanon. A security source in Lebanon said 12 people were killed, five of them Hezbollah fighters, Reuters reported.

Hezbollah has faced mounting pressures since the war, including financial ones.

In the circular, dated July 14 and reviewed by Reuters, Banque du Liban prohibited all licensed financial institutions in Lebanon from dealing directly or indirectly with unlicensed entities and listed Hezbollah's Al-Qard Al-Hassan as an example.

The US Department of Treasury imposed sanctions on Al-Qard Al-Hassan in 2007, saying Hezbollah used it as a cover to manage "financial activities and gain access to the international financial system".

Bolstered by its powerful arsenal, Hezbollah had long exercised decisive influence over Lebanese state affairs, but it was unable to impose its will in the formation of a post-war government in February.

Al-Qard Al-Hassan, founded in 1983, describes itself as a charitable organisation which provides loans to people according to Islamic principles that forbid interest. Israel struck some of its branches during its war with Hezbollah last year.

Operating as a not-for-profit organisation under a licence granted by the Lebanese government, it has more than 30 branches, mostly in southern Lebanon and the Bekaa Valley.

SHADOW ECONOMY

A Lebanese official said the central bank move had been in the works for months, and reflected US pressure on Lebanon to take action against Hezbollah's financial wing.

Nassib Ghobril, chief economist at Byblos Bank, said Lebanese banks were already careful to avoid dealing with Al-Qard Al-Hassan because it is under US sanctions.

"The important point is that finally the authorities are addressing the shadow economy in Lebanon, which is the real problem," he said, adding that authorities had long failed to address its "toxic effects".

In June, the European Commission included Lebanon in an updated list of high-risk jurisdictions presenting strategic deficiencies in their national anti-money laundering and countering the financing of terrorism.

Last year, global financial crime watchdog FATF placed Lebanon on its "grey list" of countries under special scrutiny.