Denemek ALTIN - Özgür
Wartime gold trade flows through UAE
Cape Times
|March 28, 2025
SUDAN’S gold industry has become the lifeblood of its war, with nearly all of the trade channelled through the United Arab Emirates (UAE), enriching official and NGO sources.
-
The two conflicts have decimated Sudan’s economy. Last month, the army-backed government announced record gold production for last year.
Demand for the country’s vast gold reserves was a key factor in prolonging the war, Sudanese economist Abdaizim Ali Abdaizim said.
To solve the war in Sudan, we have to follow the gold, and we arrive at the UAE, said Mark Umbreit, a researcher with the development organisation Swissaid who tracks African gold smuggling to the civil country.
In a letter to AFP, the UAE official rejected any baseless and unfounded allegation regarding the smuggling or profiting of gold, and that according to Sudanese officials, industry sources and Swissaid’s research, nearly all of Sudan’s gold now flows to the UAE as official trade routes, smuggling and direct Emirati ownership of the government’s currently lucrative mines.
Last month, the state owned Sudan Mineral Resources Company said gold production reached 64 tons in 2024, up from 41.8 tons in 2022. Legal exports brought $1.57 billion into the state’s depleted coffers, central bank figures show, but nearly half of the state’s production is smuggled across borders, SMRC director Mohameden Tahir said from Sudan’s roughly 2,000km away, on Sudan’s borders with South Sudan and the Central African Republic. He said mines controlled by the paramilitary Rapid Support Forces (RSF). Much of the gold produced by both sides is smuggled to Chad with Sudan, and Egypt, before reaching the UAE, according to mining industry sources and experts.
Bu hikaye Cape Times dergisinin March 28, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
Zaten abone misiniz? Oturum aç
Cape Times'den DAHA FAZLA HİKAYE
Cape Times
Manufacturing slips to 11-month low, weak demand drags sentiment
S&P Global says headline PMI declined to 47.7 in December, from 49.0 in November
2 mins
January 07, 2026
Cape Times
IMF flags deepening growth bottlenecks as Botswana’s diamond model comes under strain
BOTSWANAS longstanding growth model, anchored in diamond revenues and strong public institutions, is facing mounting strain, with deep-seated structural bottlenecks threatening the country’s medium-term growth prospects and efforts to diversify the economy, according to a new International Monetary Fund (IMF) analysis.
2 mins
January 07, 2026
Cape Times
Bafana’s AFCON exit offers early relief for local and overseas clubs
IT still hurts, and will probably do so for some time.
3 mins
January 07, 2026
Cape Times
Round-of-16 exit: Who stood out for Bafana
BAFANA Bafana’s Africa Cup of Nations campaign came to an abrupt end in the round of 16, offering moments of promise alongside clear areas for growth.
2 mins
January 07, 2026
Cape Times
US Vice President CONFIRMS ATTACK AT HIS OHIO HOME
US Vice President JD Vance this week confirmed that his home in the Midwestern state of Ohio was attacked, noting that he was not at home when the incident happened.
1 min
January 07, 2026
Cape Times
Unions warn of showdown with govt as Transalloys lays off workers over power costs
LABOUR unions are warning of an impending confrontation with government over the urgent setting and implementation of new electricity tariffs for ferrochrome smelters, after Transalloys has become the latest company to issue a retrenchment notice amid persistently high power costs.
2 mins
January 07, 2026
Cape Times
SCA to decide fate of Black Coffee and Enhle Mbali Mlotshwa's contested customary marriage
THE divorce action between actress Enhle Mbali Mlotshwa and DJ Black Coffee is not yet over, as the Supreme Court of Appeal (SCA) will this year take another look at the matter.
2 mins
January 07, 2026
Cape Times
Exit a learning curve for Mofokeng
BAFANA Bafana midfielder Relebohile Mofokeng says South Africa's round-of-16 exit at the Africa Cup of Nations has provided him with important lessons as his international journey continues.
2 mins
January 07, 2026
Cape Times
Public servants' unions call for GEMS executives' salary cuts to match standards
UNIONS representing public servants are demanding that the Government Employees' Medical Scheme (GEMS) reduce its executives' salaries to align with senior functionaries in the state's departments.
2 mins
January 07, 2026
Cape Times
Electronic tagging in West Bank mooted
THE Israeli army said this week it was introducing a new technological system to enforce movement restrictions in the occupied West Bank for both Israelis and Palestinians, in a move Israeli media said aims to rein in surging settler violence.
1 mins
January 07, 2026
Listen
Translate
Change font size
