Bank of Khartoum Misr too established a branch in Khartoum, followed the next year by Jordan's Arab Bank. Then in 1958 the State Bank of Ethiopia (later Commercial Bank of Ethiopia), established a branch in Khartoum. In 1969, National and Grindlays Bank acquired Ottoman Bank, only to lose it the next year to nationalization. In 1970 the Sudanese government nationalized all the banks in the Sudan, changed the names of several, and put them under the Bank of Sudan. Barclays Bank, which had an extensive network of 24 branches, became the State Bank of Foreign Trade, and then Bank of Khartoum in 1975.
Khartoum recently as the 13th-17th centuries A.D. Captain J.A. Grant, who reached Khartoum in 1863 with Captain Speke's expedition, thought the name was most probably from the Arabic "qurtum" ( ', i.e., "Carthamus tinctorius"), which was cultivated extensively in Egypt for its oil to be used as fuel. Some scholars speculate that the word derives from the Nubian word, "Agartum" ("the abode of Atum"), the Nubian and Egyptian god of creation. Other Beja scholars suggest "Khartoum" is derived from the Beja word, "Hartoom" ("meeting"). Additionally, the dream-interpreting magicians in Genesis 41:8 are referred to as חַרְטֻמֵּ֥י מצרים("Khartoumei Mitzrayim" - Magicians of