Sudan's army is expected to allow Moscow to build a naval logistics base on the Red Sea in exchange for arms as a top official from the north-eastern African country visits Russia to negotiate the deal.
The army has been fighting a civil war against the paramilitary Rapid Support Forces since April last year, with both sides seeking international allies and legitimacy.
Malik Agar, a former rebel leader and army chief Gen Abdul Fattah Al Burhan's deputy on the ruling Sovereign Council, flew to Russia on Tuesday and is scheduled to meet President Vladimir Putin later this week on the sidelines of an economic forum in St Petersburg.
If concluded, the deal could give the army a significant edge over the RSF, whose gains in the early days of the war in Khartoum caught the army off guard and allowed the paramilitary to capture large areas of territory in the western Darfur region and south of the Sudanese capital.
“The army is in desperate need of weapons, ammunitions and spare parts for its Russian-made warplanes,” said prominent Sudanese analyst Osman Al Mirghany. “Offering Russia a naval base in return for them is its best option.”
The expected deal between the army and the Kremlin would be a revival of an agreement that Moscow signed with former dictator Omar Al Bashir shortly before he was removed from power in April 2019 amid a popular uprising.
That deal, publicised by Russia’s state-owned media in 2020, provides for the construction by Russia of a naval base north of the city of Port Sudan, which has remained in control of the Sudanese army.
The base would accommodate up to four vessels and include storage for weapons, fuel and ammunition. Up to 300 navy personnel could stay at the site at any given time.
Gen Al Burhan appears determined to dig deep in the fight against the RSF as he shuns calls by the US and Saudi Arabia to return to the negotiating table in Jeddah to find a peaceful end to the war.
“Our real achievement is that we shifted from defence to attack. Our capabilities are ready for the recapture of Bahari and Khartoum,” said Gen Yasser Al Atta, assistant army chief, referring to the capital and its sister city.
The capital’s other sister city is Omdurman, where the army has recently scored a string of victories, pushing the RSF out of the old quarter.
The US and Saudi Arabia brokered several ceasefires soon after the war broke out last year but they collapsed soon after they came into force or were totally ignored.
News of the potential deal with Russia first broke in a May 25 interview by Gen Al Atta that was broadcast by the Saudi-owned, Dubai-based Al Hadath television channel.
Gen Al Atta said the Sudanese army would receive “vital weapons and munitions” in return for granting Russia use of the outpost.
Russia’s interest in a naval base in Sudan is part of its ambitious drive to gain leverage in Africa and a foothold on the Red Sea, one of the world’s busiest commercial routes and a focus of regional rivalries.
Sudan has an 853km coastline on the Red Sea that sits on the waterway’s middle reaches, south of the Suez Canal and north of the Horn of Africa.
'A done deal'
Sudanese analyst and former army officer Nouraldeen Al Sayed said he had no doubt that the deal would be struck.
“It’s a done deal. Agar’s mission is to finalise the agreement, sign the deal. Only procedural issues remain to be resolved.”
The deal is expected to stoke concern in the West about Russia’s efforts to forge closer ties with African countries, sometimes at the expense of former colonial nations such as France in West Africa and the Sahel regions.
The close ties being forged by the Sudanese army and the Kremlin could signal a shift in Moscow’s approach to Sudan, ending the support the RSF once received from the Wagner Group, whose mercenaries had for years armed and trained its fighters.
Washington is already alarmed by Khartoum’s close ties with Iran, which has supplied Gen Al Burhan’s army with attack drones that shifted the balance of power in favour of the army.
News of the potential deal with Russia has also come at a time when the army is gaining confidence while determined not to negotiate.
“We are not going to Jeddah,” Mr Agar said last week. “Those who want us to go there had better first kill us in our homeland then take our bodies there.”
The war in Sudan has caused a massive humanitarian crisis, with more than eight million people displaced, 18 million people facing acute hunger and 3.6 million children at risk of malnourishment.
“Time is running out for millions of people in Sudan who are at imminent risk of famine, displaced from their lands, living under bombardments, and cut off from humanitarian assistance,” UN agencies said recently.
– Al Shafie Ahmed reported from Kampala, Uganda
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What is Folia?
Prince Khaled bin Alwaleed bin Talal's new plant-based menu will launch at Four Seasons hotels in Dubai this November. A desire to cater to people looking for clean, healthy meals beyond green salad is what inspired Prince Khaled and American celebrity chef Matthew Kenney to create Folia. The word means "from the leaves" in Latin, and the exclusive menu offers fine plant-based cuisine across Four Seasons properties in Los Angeles, Bahrain and, soon, Dubai.
Kenney specialises in vegan cuisine and is the founder of Plant Food Wine and 20 other restaurants worldwide. "I’ve always appreciated Matthew’s work," says the Saudi royal. "He has a singular culinary talent and his approach to plant-based dining is prescient and unrivalled. I was a fan of his long before we established our professional relationship."
Folia first launched at The Four Seasons Hotel Los Angeles at Beverly Hills in July 2018. It is available at the poolside Cabana Restaurant and for in-room dining across the property, as well as in its private event space. The food is vibrant and colourful, full of fresh dishes such as the hearts of palm ceviche with California fruit, vegetables and edible flowers; green hearb tacos filled with roasted squash and king oyster barbacoa; and a savoury coconut cream pie with macadamia crust.
In March 2019, the Folia menu reached Gulf shores, as it was introduced at the Four Seasons Hotel Bahrain Bay, where it is served at the Bay View Lounge. Next, on Tuesday, November 1 – also known as World Vegan Day – it will come to the UAE, to the Four Seasons Resort Dubai at Jumeirah Beach and the Four Seasons DIFC, both properties Prince Khaled has spent "considerable time at and love".
There are also plans to take Folia to several more locations throughout the Middle East and Europe.
While health-conscious diners will be attracted to the concept, Prince Khaled is careful to stress Folia is "not meant for a specific subset of customers. It is meant for everyone who wants a culinary experience without the negative impact that eating out so often comes with."
Changing visa rules
For decades the UAE has granted two and three year visas to foreign workers, tied to their current employer. Now that's changing.
Last year, the UAE cabinet also approved providing 10-year visas to foreigners with investments in the UAE of at least Dh10 million, if non-real estate assets account for at least 60 per cent of the total. Investors can bring their spouses and children into the country.
It also approved five-year residency to owners of UAE real estate worth at least 5 million dirhams.
The government also said that leading academics, medical doctors, scientists, engineers and star students would be eligible for similar long-term visas, without the need for financial investments in the country.
The first batch - 20 finalists for the Mohammed bin Rashid Medal for Scientific Distinction.- were awarded in January and more are expected to follow.
THE%20SWIMMERS
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LA LIGA FIXTURES
Friday (UAE kick-off times)
Levante v Real Mallorca (12am)
Leganes v Barcelona (4pm)
Real Betis v Valencia (7pm)
Granada v Atletico Madrid (9.30pm)
Sunday
Real Madrid v Real Sociedad (12am)
Espanyol v Getafe (3pm)
Osasuna v Athletic Bilbao (5pm)
Eibar v Alaves (7pm)
Villarreal v Celta Vigo (9.30pm)
Monday
Real Valladolid v Sevilla (12am)
WOMAN AND CHILD
Director: Saeed Roustaee
Starring: Parinaz Izadyar, Payman Maadi
Rating: 4/5
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The bio
Favourite book: Peter Rabbit. I used to read it to my three children and still read it myself. If I am feeling down it brings back good memories.
Best thing about your job: Getting to help people. My mum always told me never to pass up an opportunity to do a good deed.
Best part of life in the UAE: The weather. The constant sunshine is amazing and there is always something to do, you have so many options when it comes to how to spend your day.
Favourite holiday destination: Malaysia. I went there for my honeymoon and ended up volunteering to teach local children for a few hours each day. It is such a special place and I plan to retire there one day.
SPECS
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How will Gen Alpha invest?
Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.
“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.
Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.
He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.
Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”
UAE currency: the story behind the money in your pockets
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
GOLF’S RAHMBO
- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)
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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.”
The specs: 2018 Nissan 370Z Nismo
The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
Fuel consumption, combined: 10.5L / 100km
THE BIO
Age: 33
Favourite quote: “If you’re going through hell, keep going” Winston Churchill
Favourite breed of dog: All of them. I can’t possibly pick a favourite.
Favourite place in the UAE: The Stray Dogs Centre in Umm Al Quwain. It sounds predictable, but it honestly is my favourite place to spend time. Surrounded by hundreds of dogs that love you - what could possibly be better than that?
Favourite colour: All the colours that dogs come in