Hospitals and healthcare facilities in Sudan are coming under increasing attack, the World Health Organisation has warned, as representatives of the warring parties hold talks in Geneva on humanitarian aid and protecting civilians.
Delegations from the Sudanese Army and the paramilitary Rapid Support Forces are in Geneva at the invitation of Ramtane Lamamra, UN Secretary General Antonio Guterres's envoy for Sudan.
The discussions are taking place under the so-called proximity format, whereby Mr Lamamra meets each delegation separately in different rooms. The two sides are not due to meet directly.
Mr Lamamra and his team have had several meetings with both delegations, according to UN spokeswoman Alessandra Vellucci.
“The teams engaged intensively on the two key items discussed during these talks: humanitarian assistance and protection of civilians,” she said.
“The discussions are continuing this week.”
No end date has been scheduled.
The delegations comprise senior representatives of the warring parties and humanitarian, security and military experts.
The war between the army and the RSF broke out in April last year after months of tension between them over their future mandate in a democratic Sudan.
The war is believed to have killed tens of thousands, displaced about 10 million people – the most in any country – and created a humanitarian crisis.
A recent UN-backed report said nearly 26 million people, or slightly more than half of the population, were facing high levels of “acute food insecurity”.
Shible Sahbani, WHO’s representative in Sudan, said there were “a few promising signs” from the talks in Geneva.
“Let's wait for the coming hours and days, and we hope that … if we don't get a ceasefire, at least we can get the protection of civilians and the opening of humanitarian corridors,” he said, speaking from Port Sudan, the country’s main city on the Red Sea.
The situation in Sudan is an “unfolding humanitarian catastrophe”, he said.
“If we don't take action now, the rapidly deteriorating situation in Sudan could spiral out of hand, permitting the unchecked reign of diseases, malnutrition and trauma with transgenerational impact on Sudan's people.”
WHO has meanwhile said it had recorded 82 attacks on healthcare facilities, “including 17 in the last six weeks alone”, said Hanan Balkhy, the agency’s Eastern Mediterranean regional director.
The country is suffering from the spread of diseases such as cholera, malaria and meningitis, she added.
The US and Saudi Arabia brokered a series of ceasefires in the conflict’s early days but they either collapsed instantly or were not fully observed.
Army chief Gen Abdel Fattah Al Burhan earlier this year rejected an invitation to resume talks in the Saudi city of Jeddah, saying he would participate in renewed negotiations only if the RSF withdrew from private homes and government offices and across the country.
This week, his deputy, Gen Yasser Al Atta, appeared to dismiss the prospect of fresh negotiations altogether.
“No truce and no negotiations. Only one thing, their surrender,” he said. “No negotiations, even if we have to fight those low-lifes for 100 years. There will be no future for Sudan unless we remove them.”
Both the army and the RSF, led by Gen Al Burhan's one-time ally Gen Mohamed Dagalo, are accused of war crimes, with the paramilitary singled out for alleged ethnically motivated killings, sexual assaults and torture.
The army stands accused of killing thousands of civilians in air strikes targeting RSF positions in densely populated areas.
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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.”
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