Sudan's army has said it has recaptured Khartoum’s strategic Al Rawad residential area, a day after seizing the city of Wad Medani from the paramilitary Rapid Support Forces (RSF).
Al Rawad complex is a strategic location 2km from the Nile and 5km from Khartoum airport. It had been used by the RSF as a base for snipers and to launch attacks on the Armoured Corps, the army said on Sunday in a Facebook post.
Since September, the army has been conducting major military operations in the capital, regaining large parts of various districts including Bahri, Al Muqran and neighbourhoods in the nearby city of Omdurman. The advances are a significant victory for the Sudanese Armed Forces (SAF) in its war with the RSF, which has been raging since April 2023 and has resulted in tens of thousands of deaths and the world’s largest displacement crisis.
The army’s latest gains have boosted the morale of its soldiers and many ordinary Sudanese, with televised footage showing troops in Al Rawad raising their rifles to the sky in celebration. Civilians have taken to the streets in several Sudanese provinces, including Port Sudan, El Gezirah, Sinnar, River Nile province and Khartoum to celebrate the army’s recent capture of the strategic city of Wad Medani, an essential commercial hub that had been under RSF control since December 2023.
RSF leader Mohamed Hamdan Dagalo, also known as Hemedti, admitted in a speech that the paramilitary had been defeated in Wad Medani, but vowed to bolster its ranks and return to fight. He said the RSF had “lost a battle but not the war”.
"We will reclaim it. People just need to regroup, reorganise and reassess themselves," he said. He accused Iran, which he says shares an Islamist vision with the de facto Sudanese government, of supplying the army with drones that were instrumental in the recapture of Wad Medani. The paramilitary leader vowed to "figure out a solution for those drones soon”.
General Dagalo and several of his family members were recently banned from entering the United States in a new round of sanctions that accused the RSF of committing genocide in Sudan.
The army’s recapture of Wad Medani is a significant blow to the RSF as the city's location allows easier access to other parts of the country, including Sennar, Blue Nile, and White Nile states. Euphoria over the army's gains was palpable during a long speech delivered by Malik Agar Eyre, vice president of Sudan’s de facto government – the SAF-dominated Transitional Sovereignty Council – during which he laid out the council’s plan for a postwar Sudan.
Mr Eyre made a heartfelt plea to displaced Sudanese, urging them to return to villages and homes retaken by the army, as this would cement its hold on the areas. Drawing on his own experience of living in displacement camps, Mr Eyre assured them that basic services such as water, electricity and health care would be restored upon their return.
He urged Islamist factions in Sudan to accept that the country, with its distinctive ethnic, cultural and religious plurality, cannot be built on narrow, unilateral projects that only benefit one ethnic or religious group. He also warned of attempts by some external organisations to divide Sudan under the pretext of humanitarian services or civilian protection.
Mr Eyre said these groups are exploiting a famine to gain entry and support the RSF with the delivery of arms and other supplies. “The government will not compromise on Sudan's sovereignty or accept any initiative that endangers its national security,” he said.
Concerns that foreign powers are meddling in Sudan have been underscored by its de facto leader Abdel Fattah Al Burhan, who accused "colonial powers" of fuelling conflicts in Africa during a meeting with Guinea-Bissau's President Umaro Sissoco Embalo on Sunday. General Al Burhan has been on a tour of the continent since Saturday that started with Mali and is expected to include stops in Sierra Leone and Senegal.
"Africa is now experiencing an awakening, enabling it to resist foreign interference," he said. He commended the efforts of some African nations that he said had risen up against both old and new forms of colonialism.
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Rajasthan Royals 153-5 (17.5 ov)
Delhi Daredevils 60-4 (6 ov)
Rajasthan won by 10 runs (D/L method)
FFP EXPLAINED
What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.
What the rules dictate?
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.
What are the penalties?
There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.
Killing of Qassem Suleimani
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 biog
Alwyn Stephen says much of his success is a result of taking an educated chance on business decisions.
His advice to anyone starting out in business is to have no fear as life is about taking on challenges.
“If you have the ambition and dream of something, follow that dream, be positive, determined and set goals.
"Nothing and no-one can stop you from succeeding with the right work application, and a little bit of luck along the way.”
Mr Stephen sells his luxury fragrances at selected perfumeries around the UAE, including the House of Niche Boutique in Al Seef.
He relaxes by spending time with his family at home, and enjoying his wife’s India cooking.
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Yahya Al Ghassani's bio
Date of birth: April 18, 1998
Playing position: Winger
Clubs: 2015-2017 – Al Ahli Dubai; March-June 2018 – Paris FC; August – Al Wahda