Both Sudans suffer when talks falter


  • English
  • Arabic

To mark his country's first anniversary on July 9, South Sudan's President Salva Kiir called on his countrymen to be patient. In turn, he promised to pursue peace and economic normalisation with their former compatriots in the north.

"Although the Republic of Sudan has declared South Sudan as their number one enemy," Mr Kirr said, "we still remain committed to peace, good relations and free trade with Sudan."

Fine words, and ones that are being tested. On Saturday, southern leaders called off face-to-face peace talks, accusing Khartoum of bombing a border village while residents slept. Khartoum denied the accusations.

Hostilities might win political points for Mr Kiir at home - as well as for Sudan President Omar Al Bashir, who in recent weeks has faced protests in Khartoum - but economically both countries desperately need each other.

Even as South Sudan's flag was being raised last year, a laundry list of troubles was obvious to anyone who cared to look. There are centuries-old tribal and religious rifts on both sides; responding to every provocation will only deepen these enmities.

The details of border skirmishes will usually be unclear to outsiders, and often the result of localised tribal and territorial disputes. While Khartoum has rejected the suggestion that it fired across the border at the weekend, both sides have been guilty of supporting cross-border violence in recent months. In April, a build-up of forces around the oil-producing town of Heglig almost pushed the two nations into open conflict.

Continuing talks in the Ethiopian capital had offered the best opportunity to resolve these and other issues.

Mr Kiir is correct: his country cannot progress economically without improved relations with Khartoum. South Sudan's budget is in a shambles as oil revenues have been constricted, along with the flow of oil to refineries in the north. The promise of Juba's celebrations last year could turn into a curse for an impoverished people.

That is equally true for Mr Al Bashir. The protests in Khartoum, now somewhat diminished, showed that business as usual was no longer possible; South Sudan's independence, and the dissipation of national oil revenues, will force Sudan to adapt as well.

Last week, Mr Al Bashir and Mr Kiir posed together for a photo op, in a brief flash of detente. It is time for both to stop posing and start talking.

COMPANY PROFILE

Name: Cofe

Year started: 2018

Based: UAE

Employees: 80-100

Amount raised: $13m

Investors: KISP ventures, Cedar Mundi, Towell Holding International, Takamul Capital, Dividend Gate Capital, Nizar AlNusif Sons Holding, Arab Investment Company and Al Imtiaz Investment Group 

Museum of the Future in numbers
  •  78 metres is the height of the museum
  •  30,000 square metres is its total area
  •  17,000 square metres is the length of the stainless steel facade
  •  14 kilometres is the length of LED lights used on the facade
  •  1,024 individual pieces make up the exterior 
  •  7 floors in all, with one for administrative offices
  •  2,400 diagonally intersecting steel members frame the torus shape
  •  100 species of trees and plants dot the gardens
  •  Dh145 is the price of a ticket
Company profile

Company: Verity

Date started: May 2021

Founders: Kamal Al-Samarrai, Dina Shoman and Omar Al Sharif

Based: Dubai

Sector: FinTech

Size: four team members

Stage: Intially bootstrapped but recently closed its first pre-seed round of $800,000

Investors: Wamda, VentureSouq, Beyond Capital and regional angel investors

Company%20profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Fasset%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2019%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Mohammad%20Raafi%20Hossain%2C%20Daniel%20Ahmed%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%3C%2Fstrong%3E%20%242.45%20million%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2086%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Pre-series%20B%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Investcorp%2C%20Liberty%20City%20Ventures%2C%20Fatima%20Gobi%20Ventures%2C%20Primal%20Capital%2C%20Wealthwell%20Ventures%2C%20FHS%20Capital%2C%20VN2%20Capital%2C%20local%20family%20offices%3C%2Fp%3E%0A
%E2%80%98White%20Elephant%E2%80%99
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Jesse%20V%20Johnson%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Michael%20Rooker%2C%20Bruce%20Willis%2C%20John%20Malkovich%2C%20Olga%20Kurylenko%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A