Life for many in Sudan has become intolerable. People have been trapped in their own homes by two weeks of fighting and failed ceasefires. Disruption to power, the internet, water supplies and food have been widely reported.
Little wonder then that since the violence broke out on April 15 between the Rapid Support Forces paramilitary group and the army, many have chosen to flee. Some have been part of the mass evacuations of diplomats and foreigners. But many Sudanese have also fled their homes and escaped to neighbouring Chad and Egypt. The UN Refugee Agency expects the outflow to continue.
On this week’s episode of Beyond the Headlines, host Nada AlTaher explores the refugee crisis created by the violence that has erupted in Sudan.
What is a robo-adviser?
Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.
These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.
Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.
Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.
Name: Thndr Started: 2019 Co-founders: Ahmad Hammouda and Seif Amr Sector: FinTech Headquarters: Egypt UAE base: Hub71, Abu Dhabi Current number of staff: More than 150 Funds raised: $22 million
BMW M5 specs
Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor
