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Sudan Govt Reverses Decision to Raise Price of Cooking Gas

Protesters hold flags and chant slogans as they march against the Sudanese military's recent seizure of power and ousting of the civilian government, in the streets of the capital Khartoum, Sudan October 30, 2021. (Reuters)
Protesters hold flags and chant slogans as they march against the Sudanese military's recent seizure of power and ousting of the civilian government, in the streets of the capital Khartoum, Sudan October 30, 2021. (Reuters)
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Sudan Govt Reverses Decision to Raise Price of Cooking Gas

Protesters hold flags and chant slogans as they march against the Sudanese military's recent seizure of power and ousting of the civilian government, in the streets of the capital Khartoum, Sudan October 30, 2021. (Reuters)
Protesters hold flags and chant slogans as they march against the Sudanese military's recent seizure of power and ousting of the civilian government, in the streets of the capital Khartoum, Sudan October 30, 2021. (Reuters)

The Sudanese government reversed on Sunday a decision to raise the price of cooking gas only a few hours after announcing the hike.

In a statement reported by Sudan’s official news agency SUNA, the Ministry of Energy and Oil announced a new rise in cooking gas prices for the second time this month.

However, it announced it was reversing the decision later that day, in line with directives issued by the Transitional Sovereign Council and the Finance Ministry.

The transitional government had launched in 2020 tough economic reforms backed by the World Bank.

They include lifting subsidies on fuel, canceling the customs dollar exchange rate and increasing the cost of electricity, but it kept a reasonable gas subsidy, Sudan Tribune reported.

Regular protests have rocked the northeast African country since army chief Abdel Fattah al-Burhan led a military takeover in October, sparking international condemnation.

The move derailed a transition painstakingly negotiated between military and civilian leaders following the 2019 ouster of president Omar al-Bashir.

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Saudi Industry Minister Explores Latest Mining Technologies at MINExpo International 2024 Las Vegas

Saudi Minister of Industry and Mineral Resources Bandar Ibrahim Alkhorayef visits the MINExpo International 2024 Las Vegas. (SPA)
Saudi Minister of Industry and Mineral Resources Bandar Ibrahim Alkhorayef visits the MINExpo International 2024 Las Vegas. (SPA)
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Saudi Industry Minister Explores Latest Mining Technologies at MINExpo International 2024 Las Vegas

Saudi Minister of Industry and Mineral Resources Bandar Ibrahim Alkhorayef visits the MINExpo International 2024 Las Vegas. (SPA)
Saudi Minister of Industry and Mineral Resources Bandar Ibrahim Alkhorayef visits the MINExpo International 2024 Las Vegas. (SPA)

Saudi Minister of Industry and Mineral Resources Bandar Ibrahim Alkhorayef visited the MINExpo International 2024 Las Vegas, the largest mining exhibition in the world.

He reviewed the latest technologies in mining operations and discussed the most promising opportunities in the mining sector with participating global mining companies, reported the Saudi Press Agency on Friday.

He was accompanied by Vice Minister of Industry and Mineral Resources for Mining Affairs Eng. Khalid bin Saleh Al-Mudaifer.

Alkhorayef visited the Saudi pavilion during the tour of the exhibition that is organized by the National Mining Association (NMA). The exhibition features several prominent Saudi mining companies alongside the National Industrial Development Center.

Alkhorayef met with several leading global mining companies. He explored collaboration opportunities in the mining sector, highlighting the relative advantages of investing in mining in Saudi Arabia.

Since 1996, the MINExpo has been held every four years and attracts the leading mining companies from around the world. It showcases all mining operations' latest technologies and equipment, including safety equipment, drilling machinery, and mineral exploration machines.

The exhibition serves as a platform for exchanging experiences and the latest innovations in the mining sector, fostering effective partnerships between government and private institutions interested in mining.

Its events and exhibits cover all mining sectors, including precious metals, non-ferrous metals, ferrous metals, industrial minerals, stone and quarry mining, sand, gravel, and coal.

Alkhorayef is on an official trip to the US that aims to develop industrial and mining cooperation, strengthen bilateral ties with Saudi Arabia, and attract quality investments to the Kingdom. The visit also explores mutual investment opportunities in promising industrial sectors, particularly aviation and space.