Protesters clash with security forces as they fire tear gas to prevent them from marching towards the presidential palace during demonstrations demanding civilian rule, in Khartoum, Sudan, May 19, 2022. AP Photo
Protesters clash with security forces as they fire tear gas to prevent them from marching towards the presidential palace during demonstrations demanding civilian rule, in Khartoum, Sudan, May 19, 2022. AP Photo
Protesters clash with security forces as they fire tear gas to prevent them from marching towards the presidential palace during demonstrations demanding civilian rule, in Khartoum, Sudan, May 19, 2022. AP Photo
Protesters clash with security forces as they fire tear gas to prevent them from marching towards the presidential palace during demonstrations demanding civilian rule, in Khartoum, Sudan, May 19, 202

Sudan lifts state of emergency after UN call to halt clampdown


Hamza Hendawi
  • English
  • Arabic

Sudan’s military ruler on Sunday lifted a nationwide wide state of emergency he declared when he seized power in a coup last October.

The decision by Gen Abdel Fattah Al Burhan was made after a meeting earlier on Sunday of the Defence and Security Council, which recommended rescinding the state of emergency. This had given security forces and domestic intelligence agencies far-reaching powers.

The emergency measures allowed the military to arrest critics en masse, while security forces had widespread surveillance powers and could subject those arrested to lengthy pre-trial detention.

  • Sudanese protesters rally in Kartoum against military rule on the anniversary of previous popular uprisings. AFP
    Sudanese protesters rally in Kartoum against military rule on the anniversary of previous popular uprisings. AFP
  • Pro-democracy activists have warned of a people power 'earthquake of April 6' - a momentous day in Sudan's history that was key in bringing down earlier strongmen. AFP
    Pro-democracy activists have warned of a people power 'earthquake of April 6' - a momentous day in Sudan's history that was key in bringing down earlier strongmen. AFP
  • In 1985, the day saw the removal of former president Jaafar Nimeiri following a popular uprising. AFP
    In 1985, the day saw the removal of former president Jaafar Nimeiri following a popular uprising. AFP
  • In 2019 it marked the start of a mass sit-in outside army headquarters, after months of protests against Omar Al Bashir's three decades in power. AFP
    In 2019 it marked the start of a mass sit-in outside army headquarters, after months of protests against Omar Al Bashir's three decades in power. AFP
  • The rallies have been met with the deployment of thousands of police across the Sudanese capital. AFP
    The rallies have been met with the deployment of thousands of police across the Sudanese capital. AFP
  • Wednesday's protesters braved unforgiving heat and, for many, also the hunger and thirst of the dawn-to-dusk fast Muslims observe during the holy month of Ramadan. AP Photo
    Wednesday's protesters braved unforgiving heat and, for many, also the hunger and thirst of the dawn-to-dusk fast Muslims observe during the holy month of Ramadan. AP Photo
  • At least 92 protesters have been killed and about 3,000 injured since a crackdown against opposition. AP Photo
    At least 92 protesters have been killed and about 3,000 injured since a crackdown against opposition. AP Photo
  • US State Department spokesman Ned Price called on Sudan's military rulers on Tuesday to allow peaceful protests 'to continue without fear of violence'. AP Photo
    US State Department spokesman Ned Price called on Sudan's military rulers on Tuesday to allow peaceful protests 'to continue without fear of violence'. AP Photo
  • Most Sudanese are unable to make ends meet in the face of rising prices of essential food items and fuel. AP Photo
    Most Sudanese are unable to make ends meet in the face of rising prices of essential food items and fuel. AP Photo

Gen Al Burhan also on Sunday approved the release of all detainees, except those held in connection with state security or criminal charges, according to a statement by the council.

The decisions are unlikely to appease the pro-democracy organisers and activists behind near-daily street protests against the military since the October 25 coup. They have consistently been demanding the end of military rule and retribution for the scores of protesters killed over the past seven months.

The latest deaths occurred on Saturday, when two protesters were shot dead by security forces during anti-military rallies in Khartoum. This brought the number of those killed by police and paramilitary forces to nearly 100 since October. Another 3,000 have been wounded.

“I am appalled by the violent death of two young protesters in Khartoum yesterday," Volker Perthes, the UN special representative in Sudan, tweeted on Sunday. "Once again: it is time for the violence to stop, time to end the state of emergency, time for a peaceful way out of the current crisis in Sudan."

His sentiment reflected the growing impatience of the international community over the use of lethal force against unarmed civilians in Sudan.

Gen Al Burhan has repeatedly promised to hold free elections in 2024. However, the opposition in Sudan contends that he is buying time to strengthen his hold on power, while seeking to co-opt some political parties, tribal chiefs and residents of “fringe” regions desperate for a patron in Khartoum. Marginalised communities have long hoped for a government that could set aside funds for the development of their areas, or give senior government positions to their leaders.

Sunday’s decisions also come at a time when the United States is ratcheting up pressure on Sudan's military rulers. The US is also advising companies not to do business in Sudan and threatening sanctions against leaders deemed to be obstructing the return of the country's democratic transition upended by the coup.

The US and other major bilateral and multinational donors have already suspended billions of dollars worth of aid and debt forgiveness to Sudan in response to last year’s coup.

The military also announced on Sunday that the Qatar-based TV network Al Jazeera would be allowed to operate freely again in Sudan. The news channel had its licence withdrawn last year for what authorities at the time said was its biased coverage of anti-military protests.

RESULT

Esperance de Tunis 1 Guadalajara 1 
(Esperance won 6-5 on penalties)
Esperance: Belaili 38’
Guadalajara: Sandoval 5’

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.”

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

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%3Cp%3E%0D%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E6-cylinder%2C%204.8-litre%20%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E5-speed%20automatic%20and%20manual%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E280%20brake%20horsepower%20%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E451Nm%20%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Efrom%20Dh153%2C00%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A
Company%20Profile
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3ENadeera%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Abu%20Dhabi%2C%20UAE%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3ERabih%20El%20Chaar%20and%20Reem%20Khattar%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3ECleanTech%3Cbr%3E%3Cstrong%3ETotal%20funding%3A%3C%2Fstrong%3E%20About%20%241%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EHope%20Ventures%2C%20Rasameel%20Investments%20and%20support%20from%20accelerator%20programmes%20%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2012%3C%2Fp%3E%0A

COMPANY PROFILE

Founders: Sebastian Stefan, Sebastian Morar and Claudia Pacurar

Based: Dubai, UAE

Founded: 2014

Number of employees: 36

Sector: Logistics

Raised: $2.5 million

Investors: DP World, Prime Venture Partners and family offices in Saudi Arabia and the UAE

MATCH INFO

Jersey 147 (20 overs) 

UAE 112 (19.2 overs)

Jersey win by 35 runs

The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

Keep it fun and engaging

Stuart Ritchie, director of wealth advice at AES International, says children cannot learn something overnight, so it helps to have a fun routine that keeps them engaged and interested.

“I explain to my daughter that the money I draw from an ATM or the money on my bank card doesn’t just magically appear – it’s money I have earned from my job. I show her how this works by giving her little chores around the house so she can earn pocket money,” says Mr Ritchie.

His daughter is allowed to spend half of her pocket money, while the other half goes into a bank account. When this money hits a certain milestone, Mr Ritchie rewards his daughter with a small lump sum.

He also recommends books that teach the importance of money management for children, such as The Squirrel Manifesto by Ric Edelman and Jean Edelman.

Pathaan
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GRAN%20TURISMO
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Neill%20Blomkamp%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20David%20Harbour%2C%20Orlando%20Bloom%2C%20Archie%20Madekwe%2C%20Darren%20Barnet%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

The Specs:

The Specs:

Engine: 2.9-litre, V6 twin-turbo

Transmission: 8-speed automatic

Power: 444bhp

Torque: 600Nm

Price: AED 356,580 incl VAT

On sale: now.

Five films to watch

Castle in the Sky (1986)

Grave of the Fireflies (1988)

Only Yesterday (1991)

Pom Poki (1994)

The Tale of Princess Kaguya (2013)

The specs: 2018 Chevrolet Trailblazer

Price, base / as tested Dh99,000 / Dh132,000

Engine 3.6L V6

Transmission: Six-speed automatic

Power 275hp @ 6,000rpm

Torque 350Nm @ 3,700rpm

Fuel economy combined 12.2L / 100km

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%203S%20Money%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202018%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20London%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Ivan%20Zhiznevsky%2C%20Eugene%20Dugaev%20and%20Andrei%20Dikouchine%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20FinTech%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20%245.6%20million%20raised%20in%20total%3C%2Fp%3E%0A
Updated: May 29, 2022, 6:31 PM