The UN on Thursday called on the international community to pressure Sudan's warring parties to come to a ceasefire deal as fighting escalated with fierce clashes and air strikes.
Representatives of the military and the paramilitary Rapid Support Forces have been meeting in Jeddah since the weekend for talks mediated by the US and Saudi Arabia.
The negotiations are aimed at securing an effective truce and allowing access for aid workers and supplies after nearly four weeks of fighting in the capital and other parts of the country.
The fighting has plunged "this much-suffering country into catastrophe", UN High Commissioner for Human Rights Volker Turk said on Thursday.
Addressing a special session of the UN Human Rights Council on the situation in Sudan, he urged "all states with influence in the region to encourage, by all possible means, the resolution of this crisis".
His comments, via video message, came as fighting continued in the Sudanese capital, pushing more people to undertake dangerous journeys to safety across the country's borders.
After days of no apparent movement, a mediation source told Reuters on Wednesday that progress had been made and a ceasefire agreement was expected soon.
A second source said a deal was close. Talks continued late into Wednesday night.
US Under Secretary of State Victoria Nuland said that American negotiators were “cautiously optimistic” about securing a commitment to humanitarian principles and a ceasefire.
However, the US was also looking at appropriate targets for sanctions if the warring factions did not back this, she added.
Residents of Khartoum, which has witnessed the heaviest fighting, reported ground battles in several neighbourhoods on Wednesday.
Heavy gunfire was also reported in the north of Omdurman and the east of Bahri, two adjacent cities separated from the capital by the Nile river.
The army has been pounding targets across the three cities since Tuesday as it tries to root out RSF forces from residential areas and strategic sites seized early in the conflict.
“There's been heavy air strikes and RPG fire since 6.30am,” said Ahmed, a resident of the Bahri neighbourhood of Shambat.
“We're lying on the ground and there are people living near us who ran to the Nile to protect themselves there under the embankment.”
The conflict has created a humanitarian crisis in Africa's third-largest nation by area, displacing more than 700,000 people inside the country and prompting 150,000 to flee to neighbouring states.
It has also sparked unrest in Sudan's western Darfur region.
The UN World Food Programme said that up to 2.5 million more Sudanese were expected to fall into hunger in the coming months because of the conflict, raising the number of people suffering acute food insecurity to 19 million.
Since the battles began on April 15, the RSF have dug in across Khartoum neighbourhoods, set up checkpoints, occupied state buildings and placed snipers on rooftops.
The army has been using air strikes and heavy artillery to try to dislodge them.
Top 10 most polluted cities
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Shubh Mangal Saavdhan
Directed by: RS Prasanna
Starring: Ayushmann Khurrana, Bhumi Pednekar
Terror attacks in Paris, November 13, 2015
- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany
- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people
- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed
- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest
- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France
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Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Infobox
Western Region Asia Cup Qualifier, Al Amerat, Oman
The two finalists advance to the next stage of qualifying, in Malaysia in August
Results
UAE beat Iran by 10 wickets
Kuwait beat Saudi Arabia by eight wickets
Oman beat Bahrain by nine wickets
Qatar beat Maldives by 106 runs
Monday fixtures
UAE v Kuwait, Iran v Saudi Arabia, Oman v Qatar, Maldives v Bahrain
Jebel Ali card
1.45pm: Maiden Dh75,000 1,400m
2.15pm: Handicap Dh90,000 1,400m
2.45pm: Maiden Dh75,000 1,000m
3.15pm: Handicap Dh105,000 1,200m
3.45pm: Maiden Dh75,000 1,600m
4.15pm: Handicap Dh105,000 1,600m
4.45pm: Handicap Dh80,000 1,800m
The National selections
1.45pm: Cosmic Glow
2.15pm: Karaginsky
2.45pm: Welcome Surprise
3.15pm: Taamol
3.45pm: Rayig
4.15pm: Chiefdom
4.45pm: California Jumbo
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.”
Joe Root's Test record
Tests: 53; Innings: 98; Not outs: 11; Runs: 4,594; Best score: 254; Average: 52.80; 100s: 11; 50s: 27
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