May 4, 2016 (KHARTOUM) - Sudanese President Omer al-Bashir has renewed his country's keenness to cooperate and coordinate with Saudi Arabia in all domains and in particular the economic field to achieve the joint interests of both nations.
Bashir, who met the Saudi minister of petroleum and mineral resources, Ali bin Ibrahim Al-Naimi in the presence of Sudan's minerals minister, Mohamed Sadiq al-Karouri Wednesday, announced readiness to open the doors to receive the Saudi investments particularly with regard to mineral wealth.
Following the meeting, Al-Naimi told reporters that he conveyed greetings of the Saudi King Salman Bin Abdul-Aziz and his Crown Prince Mohamed Bin Nayef to Bashir, saying he also briefed him on the Kingdom's new economic vision aiming at diversifying the sources of income.
Last month, the oil-dependent Kingdom revealed a long-term plan to transform itself into a diversified economy, with non-oil government revenues projected to increase six-fold by 2030.
According to the official news agency (SUNA), Al-Naimi expressed his country's desire to invest in mineral wealth in Sudan and to utilize the economic resources in both nations through joint cooperation.
For his part, Al-Karouri said that Sudan is ready to provide the necessary incentives and remove all obstacles facing Saudi investments in order to achieve the joint interests.
He announced that the two countries agreed to revive the Atlantis II project on the basis of new understandings, saying the project is on the top agenda of the Saudi minister visit to Sudan.
In February 2012, Khartoum and Riyadh signed an agreement known as Atlantis II on exploring minerals in the joint territorial water in the Red Sea.
The project goes back to 1970s, when Sudanese government had plans to exploit the Red Sea bed with Preussag AG, a German mining company but it was abandoned due to the lack of suitable exploration technologies at the time.
In 2010, the Canadian Diamond Fields International and Saudi Manafa International Ltd. were licensed by the Saudi Sudanese Committee to conduct exploration activities in Red Sea rift valley.
In a feasibility study conducted in 2012, Diamond Fields International expected that Saudi Arabia and Sudan will make big profits from the extraction of copper, silver and zinc from Red Sea bed. At the time, it expected to start production in 2014 once technical studies are terminated.
Sudan's foreign relations have witnessed a remarkable shift since last fall particularly in its rapprochement with the Arab Gulf states following years of chilly ties.
The east African nation participates with over 850 troops in the Saudi-led "Decisive Storm" against the Iranian-allied Houthi militants in Yemen.
The Sudanese military participation in the military campaign in Yemen and the Islamic alliance reconciled Bashir's regime with the Saudi government, and marked the divorce with Iran.
(ST)
May 4, 2016 (JUBA) – It is important for the parties to the August 2015 peace agreement to cooperate in the implementation of the peace deal which ended the 21 months of conflict in South Sudan, says opposition's official.
Media official of the armed opposition faction of the Sudan People's Liberation Movement (SPLM-IO) told Sudan Tribune that a meeting of the political bureau encouraged that the parties implemented the peace agreement in good faith and in cooperation.
“The leadership of the SPLM-IO encourages cooperation and good faith among the parties in the implementation of the Agreement on the Resolution of the Conflict in South Sudan,” said James Gatdet Dak, press secretary of the newly sworn in first vice-president, Riek Machar.
He said the SPLM-IO political bureau met on Wednesday in Juba and highlighted the importance of implementing the deal in restoring stability in the country.
The meeting chaired by Machar and attended by senior members of the party, many of whom were recently appointed as national ministers, discussed progress made in the implementation of the accord as well as pending issues.
A transitional government of national unity was formed on Wednesday last week in which members of the four factions in the agreement formed the coalition.
The other factions include President Salva Kiir's appointed members to the cabinet, members of former political detainees as well as members of other political parties.
(ST)
May 4, 2016 (ED-DAEIN) - A federal commission of inquiry into the recent deadly incident between Rizeigat and Maalia tribes in East Darfur state has completed its work and would submit its report to the minister of justice soon, said reliable sources
On 17 April, twelve people were killed in clashes between the Rezeigat Savanna Militia and gunmen belonging to their arch-rival Maalia tribe over stolen camels in Khor Taan area in Yassin county,East Darfur.
Following the incident, suspected Rizeigat gunmen killed three guards and burned down the house of East Darfur governor Anas Omer in Ed Daein accusing the latter of siding with the Maalia.
A well-informed source told Sudan Tribune on Wednesday that an investigation committee comprising of the ministries of justice and interior besides the security services has interrogated the deputy governor of East Darfur Mohamed al-Hassan and the commander of the military force separating between Rizeigat and Maalia.
Also, the commission of inquiry has interrogated commanders of Muhajiria and Khor Taan military garrisons as well as Maalia tribesmen who witnessed the incident.
According to the source the investigation commission would submit its findings to the minister of justice to take the legal measures.
He pointed that governor Omer has formed a second commission to probe the attack on his house, saying the committee has yet to finish its work.
Following the attack on his house, the governor declared a curfew from 7pm to 7am in the capital Ed-Daien vowing to bring the perpetrators to justice.
The same source said that the deputy governor issued a decree preventing any tribe from going after their stolen cattle and putting the burden of retrieving the looted animals on the military force responsible for separating between the two tribes.
East Darfur state is witnessing one of the longest and most deadly clashes in the region between the Rezeigat and the Ma'alia tribes since 1966. The conflict between the two tribes is triggered by disputes over land ownership.
Both the Rezeigat and the Maalia are pastoralist tribes, based in East Darfur. The centre of Rezeigat territory is in Ed Daein town, while the Maalia centre is in Adila, the second largest town after Ed-Daein.
May 4, 2016 (JUBA/KHARTOUM) - South Sudanese outgoing oil minister has criticized the government of neighbouring Sudan for allegedly backtracking from its initial positive gesture to renegotiate the charges for using its territory to export crude oil from South Sudan to the international markets.
“There has not been any significant progress in the negotiation, even though the starting was a positive gesture,” said Stephen Dhieu Dau, South Sudanese outgoing oil minister.
Dau revealed that Sudan has notified his ministry of its decision to confiscate crude to pay itself of the entitlements which his country owes Sudan in payment for use of its territory.
“They have notified us that they will pay themselves in kind if they are not paid their dues. I took this matter to the council of ministers and it was agreed that we should initiate contacts with our regional partners, the African Union and the stakeholders to help us address this issue,” he said.
Following the huge fall of oil prices in the international markets and upon a request from his South Sudanese counterpart, the Sudanese President Omer al-Bashir last January directed to review oil transit agreement signed in September 2012.
Speaking to the press after a meeting of the national board of oil affairs on Monday, Sudanese petroleum minister Mohamed Zayed Awad said the negotiations with the South Sudan on the review of oil fees are still continuing at the level of committees established in implementation of the directives of President al-Bashir.
Awad further said the South Sudanese oil continues to flow through the pipeline for the exportation as usual, adding that the formation of the transitional government in Juba would contribute to increase oil production in the landlocked country.
According to the Cooperation Agreement, South Sudan pays Khartoum up to $25 per barrel for its crude oil transported through the Sudanese territory.
In January 2016, Juba requested the Sudanese Petroleum and Mining Ministry to reconsider its transit fees in the wake of changes in global oil prices.
The price of crude oil is currently at $29 dollars per barrel in the international markets.
South Sudan is producing oil at 160,000 barrels per day, despite a decline in its oil production due to the violent conflict that engulfed the young nation, killing thousand and displacing nearly two million people.
Dau encouraged his successor to “press the button” of negotiation with Sudan.
The official said he would be more than willing to continue to help his colleague, the newly appointed minister for petroleum, Dak Duop Bichiok, to push on with negotiation.
“We will press the button of negotiation harder but we will continue to ask them and I think they will also understand because it is the interest of the two countries to benefit from the flow of the oil,” he added.
The international community should also use their contacts with Sudan to reciprocate the goodwill of the government to negotiate in good faith and make rational charges.
A month ago, Sudan reconsidered a series of decisions aimed to normalize bilateral relations announced in January and February. Further, Khartoum said Juba continue to support rebel groups despite its goodwill and efforts to end the inter South Sudanese crisis.
Analysts in Khartoum believe that the Sudanese government wants to push Juba to implement a clause in the IGAD brokered peace agreement providing to disarm Sudanese rebels and to prevent their presence in South Sudan.
The two countries agreed in September 2012 on a particular fixed changes when the oil prices were higher.
However, after the global drop in oil prices, South Sudan could no longer benefit a lot due to the charges which continued to take away most of the revenue.
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A Kreml falánál Moszkvában, az Alexandrovszkij Szadban van a Hős Városok Alléja.
The Benjamin Franklin quote above is increasingly becoming true, even to the old ‘certainty’ in the EU that common tax policies – demanding unanimous decision-making between Member States – will only move at glacier speed through the negotiations.
Corporate taxation currently features big on the European policy agenda, and is unlikely to lose ground any time soon. A combination of heightened media attention, revelations of tax evasion through Luxleaks or Panama Papers, budgetary constraints in many countries and increased awareness by the public have created unprecedented momentum for a more coordinated EU corporate tax policy.
The undeniable truth (?) of the Hart quote notwithstanding, this opportunity to be civilised in itself comes at a prize. The changes to tax rules that already have been and will be discussed have the potential to substantively impact how businesses pay and report taxes, how the companies are structured and not only how they do tax planning, but how they do business as such, in Europe.
Rules on interest deduction limitations, hybrid mismatches and controlled foreign companies, whilst seemingly ‘just’ an implementation of OECD guidelines might have further reaching consequences than any parties imagined when these issues where negotiated – in the context of voluntary guidelines – at the august Paris based institution.
In parallel, companies’ own corporate taxation policies are increasingly scrutinized by the public, with possible impact on reputation and side-effects on the ability to influence public policy not limited to taxation – and with layers to be further applied, if the Commission’s proposal on public country-by-country reporting gets tailwind through legislative negotiations.
Nevertheless… the time for thinking of EU tax policy is now! Work on greater harmonization of corporate taxation rules in the EU and to close loopholes stemming from different national tax laws is on full throttle as no EU government – or anyone else for that matter – wants to be seen as blocking the crack down on tax evasion. And rightly so!
Automatic exchange of tax rulings between EU Member States’ tax authorities and sharing detailed information on companies’ revenues, profits and taxes paid have already been agreed on – in both cases within only a few months after publication of the Commission’s legislative proposal.
Currently, EU countries – pushed forward by the ambitious Dutch Council Presidency – are working hard on the abovementioned issues of the anti-tax avoidance to tackle base erosion and profit shifting – where substantive changes to interest deductibility or hybrid mismatches are expected to be agreed on soon. A new proposal to increase tax transparency of multinational companies has also just been brought forward and later this year more work on a harmonized EU corporate tax base is expected.
But whilst the pace in acting affirmatively towards tax avoidance is laudable, the speed of the legislative process – leaving only a narrow window for the business community and experts to provide input – entails the risk that whilst the starting point and pace was benevolent and laudable, the end result might lead to unwarranted damages – as is always the risk, when regulation is hastened forward.