Egypt and Sudan on Tuesday signed a defence co-operation pact, sending Ethiopia a stern warning over what the two allies see as its intransigence on a border dispute with Khartoum and talks over Addis Ababa’s construction of a massive Nile dam.
Signed in Khartoum by the Sudanese and Egyptian chiefs of staff, the pact crowns months of increasingly closer relations between the militaries of the two countries, including a series of joint war games and high-level visits.
It came as Sudan’s Foreign Minister Mariam Al Mahdi met with her Egyptian counterpart in Cairo on Tuesday, when the pair blamed Ethiopia for stalled talks on the dam project and urged bringing in international parties into the talks to make progress.
Ms Al Sadeq, who met President Abdel Fatah El Sisi earlier on Tuesday, said the Egyptian pleader planned to visit Sudan “within days.” She gave no details.
Cairo’s backing for Sudan should come as boon for the Sudanese military, which has been involved in a series of increasingly provocative tit-for-tat incidents on the border with Ethiopia.
“We thank our brothers from the Egyptian armed forces for their good intentions, generous assistance and their strong support to overcome the present difficulties,” Sudan’s chief of staff, General Mohamed Othman Al Hussein, told the signing ceremony.
Also speaking at the ceremony, his Egyptian counterpart, General Mohammed Farid Hegazy, said little of the content of the joint defence pact but spoke at length about military and security co-operation between the two countries, including intelligence gathering and of the overlap of their national security.
He also reassured the Sudanese in crystal clear language that Egypt would not hesitate to quickly come to Sudan’s aid if needed.
“The resources, strong will and resolve are there to implement what we have agreed on to counter any emergency situations,” he said. “Egypt is ready to meet Sudan’s requests in all fields, including armament, joint training, technical support and securing joint borders,” he added, citing what he called the “gravity of dangers surrounding us.”
The comments by the two generals appear to go beyond rhetoric given the gravity and intractableness of the Sudan-Ethiopia border dispute and the quarrel over the Grand Ethiopian Renaissance Dam, or GERD.
At the talks in Cairo, Ms Al Mahdi and Sameh Shoukry, her Egyptian counterpart, urged more outside involvement in the GERD talks.
The pair urged the UN, EU and US to form a framework with the African Union chair – currently the Democratic Republic of Congo – to help restart and mediate the talks as a quartet.
The pair also described Addis Ababa’s unilateral decision to move forward with a second phase of filling the Renaissance Dam as a clear violation of earlier agreements
The Sudanese-Ethiopian border dispute has seen forces from both sides engage in several deadly clashes after the Sudanese military moved late last year to wrest back control of farmlands settled by members of Ethiopia’s Amhara ethnic group since the 1950s.
The two countries have since engaged in sabre rattling, accusing each other of border incursions, targeting civilians and massing up troops on the border.
Ethiopia has also claimed the Sudanese military was stoking the dispute for the benefit of Egypt, also at sharp odds with Addis Ababa over the likelihood that the GERD would deeply cut its vital share of the Nile waters.
Sudan has maintained that Ethiopia’s failure to share data on the operation of the dam, located less than 20 kilometres from the border, puts at risk the lives of 20 million Sudanese. It worries about deadly flooding and the possibility the dam could disrupt the work of its smaller power-generating dams on the Blue Nile.
Egypt has said the dam presents an existential issue and it would not stand idly by if Ethiopia tries to impose a de facto situation.
Ethiopia was expected to make good on its often-repeated threat to go ahead with a second filling of the dam in July, regardless of whether an agreement was reached with downstream Egypt and Sudan on the operation of the GERD.
The filling, involving about 13 billion cubic meters of water, could significantly set back efforts to find a peaceful resolution to the GERD dispute, handing Addis Ababa an unassailably strong position in future negotiations and again raising the prospect of a war that could destabilise the entire region.
While Sudan shares a border with Ethiopia, Egypt does not, a fact that would dictate the nature of any military involvement by the Egyptians in a future conflict.
But President El Sisi has been procuring billions of dollars’ worth of cutting-edge weapons over the past six years, some of which give his military the capability of operating beyond its borders.
A general-turned-president, Mr El Sisi has said that negotiations was the preferred method of resolving the dispute over the dam, but he never categorically ruled out military action.
The Grand Ethiopian Renaissance Dam - in pictures
UAE currency: the story behind the money in your pockets
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Countries offering golden visas
UK
Innovator Founder Visa is aimed at those who can demonstrate relevant experience in business and sufficient investment funds to set up and scale up a new business in the UK. It offers permanent residence after three years.
Germany
Investing or establishing a business in Germany offers you a residence permit, which eventually leads to citizenship. The investment must meet an economic need and you have to have lived in Germany for five years to become a citizen.
Italy
The scheme is designed for foreign investors committed to making a significant contribution to the economy. Requires a minimum investment of €250,000 which can rise to €2 million.
Switzerland
Residence Programme offers residence to applicants and their families through economic contributions. The applicant must agree to pay an annual lump sum in tax.
Canada
Start-Up Visa Programme allows foreign entrepreneurs the opportunity to create a business in Canada and apply for permanent residence.
Secret Nation: The Hidden Armenians of Turkey
Avedis Hadjian, (IB Tauris)
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.”
How has net migration to UK changed?
The figure was broadly flat immediately before the Covid-19 pandemic, standing at 216,000 in the year to June 2018 and 224,000 in the year to June 2019.
It then dropped to an estimated 111,000 in the year to June 2020 when restrictions introduced during the pandemic limited travel and movement.
The total rose to 254,000 in the year to June 2021, followed by steep jumps to 634,000 in the year to June 2022 and 906,000 in the year to June 2023.
The latest available figure of 728,000 for the 12 months to June 2024 suggests levels are starting to decrease.
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
Zayed Sustainability Prize
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Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
Crops that could be introduced to the UAE
1: Quinoa
2. Bathua
3. Amaranth
4. Pearl and finger millet
5. Sorghum
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Photograph
Rating: 4/5
Produced by: Poetic License Motion Pictures; RSVP Movies
Director: Ritesh Batra
Cast: Nawazuddin Siddiqui, Sanya Malhotra, Farrukh Jaffar, Deepak Chauhan, Vijay Raaz
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In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
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Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
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The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
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How to join and use Abu Dhabi’s public libraries
• There are six libraries in Abu Dhabi emirate run by the Department of Culture and Tourism, including one in Al Ain and Al Dhafra.
• Libraries are free to visit and visitors can consult books, use online resources and study there. Most are open from 8am to 8pm on weekdays, closed on Fridays and have variable hours on Saturdays, except for Qasr Al Watan which is open from 10am to 8pm every day.
• In order to borrow books, visitors must join the service by providing a passport photograph, Emirates ID and a refundable deposit of Dh400. Members can borrow five books for three weeks, all of which are renewable up to two times online.
• If users do not wish to pay the fee, they can still use the library’s electronic resources for free by simply registering on the website. Once registered, a username and password is provided, allowing remote access.
• For more information visit the library network's website.
MATCH INFO
Syria v Australia
2018 World Cup qualifying: Asia fourth round play-off first leg
Venue: Hang Jebat Stadium (Malacca, Malayisa)
Kick-off: Thursday, 4.30pm (UAE)
Watch: beIN Sports HD
* Second leg in Australia scheduled for October 10