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 North pharmaceutical factory was destroyed by a cruise missile because the United States accused the factory of making VX (nerve agent) for al-Qaeda. The industrial centre of the region and the country, the neighborhood contains dockyards, marine and rail workshops, and sawmills. Khartoum North trades in cotton, grains, fruit, and livestock; industries include tanning, brewing, brickmaking, textile weaving, and food processing. Since the year 2000, chemical plants supplying household products to the rest of the country have been built in the neighborhood . A wealthy suburb is growing towards the eastern part of the neighborhood , along the Blue Nile. Khartoum