The south of Sudan's capital Khartoum. AFP
The south of Sudan's capital Khartoum. AFP
The south of Sudan's capital Khartoum. AFP
The south of Sudan's capital Khartoum. AFP

Five Sudanese officers killed by ISIS militants in shootout


Hamza Hendawi
  • English
  • Arabic

Suspected ISIS militants killed five security officers in a shootout in the Sudanese capital of Khartoum on Tuesday, according to authorities.

They said 11 foreign fighters "of various nationalities" were detained when security troops from the country's top spy agency stormed three ISIS hideouts in the southern Khartoum suburb of Gabra.

Four foreign nationals hiding in one of the three properties escaped and were being pursued by security forces, the General Intelligence Directorate said.

It did not give the nationalities of the four men on the run or the 11 arrested by the troops. It also did not say what the terrorists were planning in Sudan or when they arrived.

Two of the five security men killed by the militants were officers, while the other three were enlisted men, the directorate said. A third officer was wounded.

All six casualties were shot at one of the three hideouts.

Clashes between security forces and militants are rare in Sudan, but the country is known to have homegrown groups who had a high degree of tolerance under the rule of former president Omar Al Bashir, who was ousted two years ago after nearly three decades in power.

Some of these groups are known to have links to militants across the region.

Sudan shares a desert border with Libya through which militants cross in both directions.

Eastern Libya is home to extremist groups. Sudan's border with Egypt, where ISIS militants have for years been battling security forces in the Sinai Peninsula, is heavily policed by the Egyptians.

Al Bashir has been convicted of corruption and is in prison facing charges connected to the shooting death of protesters against his rule in late 2018 and early 2019.

He is also charged with overthrowing a democratically elected government in 1989, thus breaching the constitution.

Under his rule, Sudan became a haven for militants, including the late Al Qaeda leader Osama bin Laden. His government was also linked to terrorist attacks in Africa and Yemen.

Also under Al Bashir, weapons and militants crossed the desert into Egypt and travelled on to Sinai and the Hamas-ruled Gaza Strip.

Sudan was removed last year from the US list of states sponsoring terrorism, a move made possible by Al Bashir’s unseating.

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

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Starring: Siddhant Chaturvedi, Triptii Dimri 

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