Tens of thousands of Sudanese protesters demanding an end to military rule took to the streets on Thursday, casting doubt on whether a UN initiative will help ease the country out of its deepening political crisis.
A senior police officer and a protester were killed during the demonstrations, according to police and a medical group linked to the pro-democracy movement.
Brig Gen Ali Bareema Hamad was killed "while carrying out his duties and securing protests” in the capital Khartoum, a police statement said on Facebook.
Hamad, who was part of an elite anti-riot unit, “received deadly stabs by groups of protesters … in different parts of his body”, police spokesman Idris Abdalla Idris said.
Other police personnel “suffered severe wounds”, he told state media.
The officer's killing marked the first fatality among security forces since protests calling for a return to civilian rule began more than two months ago.
The protester's death on Thursday took to at least 64 the number of demonstrators killed in these protests. Thousands have been injured.
News of the officer's death came hours after a pro-democracy group, the Forces for Freedom and Change, claimed that authorities were trying to portray the protesters as violent to justify their use of excessive force and to stain the demonstrators' reputation at home and abroad.
Live rounds, tear gas and stun grenades
Security forces on Thursday fired live rounds, tear gas and stun grenades to disperse protesters near the Republican Palace in Khartoum, witnesses said.
Thousands also protested in the capital's districts of Omdurman and Bahri, along with cities north, west and east of the capital.
The protesters in Khartoum chanted slogans against the military and waved Sudan's flag as they marched to the beat of drums.
“With all our power, we are heading to the palace,” chanted protesters who gathered near the white, Nile-side mansion.
Others singled out Gen Abdel Fattah Al Burhan, who led an October 25 coup, in their chants. “Burhan is dirty,” they shouted.
Videos shared online by activists appeared to show soldiers firing machineguns from pickup trucks, chasing protesters amid scenes of chaos and panic.
The medical group linked to the pro-democracy movement said one protester was killed in Bahri from a gunshot wound to the stomach.
There were scores of injuries caused by live ammunition, stabbings and tear gas, it said.
Another medical group used social media platforms to urge surgeons to immediately head to a hospital in Bahri where many injured protesters had been taken.
The authorities did not disrupt internet and telephone services on Thursday as they had done during past protests to deny organisers the means to mobilise.
In another break from past strategy, they left all Nile bridges in the capital open to pedestrians to cross except for one that crosses the Blue Nile near the presidential palace, the witnesses said.
UN initiative in doubt
Thursday's rallies were called by the Resistance Committees, a pro-democracy group that has been the driving force behind a series of street protests since the October coup upended the country’s democratic transition.
The committees and another pro-democracy group, the Sudanese Professionals Association, have rejected the UN initiative launched this week.
The UN is holding consultations with political parties, civil society groups and others as a prelude to a national dialogue.
The Forces for Freedom and Change has been less categorical, saying it will discuss the UN proposal while insisting the military must leave politics altogether as a prerequisite for any settlement.
At least 60 people have been killed and thousands injured in the street protests that followed the October 25 coup, which has placed additional pressure on Gen Al Burhan and his associates.
Pro-democracy activists say the use of live rounds, which caused most of the deaths, could not have happened without the general’s approval. Repeated appeals by western powers and the UN to stop to the use of excessive force have gone unheeded.
“The UN counts on the full co-operation of all parties, especially the authorities, to create an atmosphere conducive these consultations,” the UN in Sudan said on Wednesday night.
“These include immediately ending the use of violence against peaceful demonstrators, holding the perpetrators of such violence accountable, and preserving and protecting the human rights of the Sudanese people.”
Also on Wednesday, the World Health Organisation condemned “attacks” on medical centres during protests, urging authorities to take steps to halt the practice.
Witnesses and hospital workers say members of the security forces had chased protesters inside hospitals, assaulted staff and, in some cases, used stun grenades and tear gas on the premises. There have also been incidents when they prevented ambulances from taking the wounded to hospital.
Meanwhile, Egyptian President Abdel Fattah El Sisi called on Sudanese parties to agree on a road map to stabilise the country and hold elections at the end of the democratic transition.
Gen Al Burhan has promised elections in 2023.
“The situation in Sudan needs a political consensus among all existing forces, so it can be a way out of the current crisis,” the Egyptian leader said on Wednesday night.
Sudan and Egypt are neighbours, bound by close political, economic and social ties. The militaries of the two nations have traditionally been close.
More recently, Egypt and Sudan adopted a unified stand towards a dam Ethiopia is building on the Nile that Cairo and Khartoum maintain would hurt their interests.
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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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