Sudan’s national army has condemned "individual transgressions committed by some of its elements" and pledged to investigate following reports of extrajudicial killings after it recaptured a key city in Al Gezira state from the paramilitary Rapid Support Forces (RSF) at the weekend.
Footage purporting to show soldiers shooting unarmed civilians, in some cases execution-style, began circulating online after Wad Medani, the capital of Al Gezira, south of Khartoum, was retaken. In one video, soldiers are seen throwing a young man off a bridge and then shooting at him repeatedly as he falls into the water. They can be heard hurling insults and accusing him of collaborating with the RSF.
"We are committed to international law and whoever is proved to have been involved in these incidents will be held accountable," the Sudanese Armed Forces said in a statement released late on Tuesday after condemnation of the killings from within and outside Sudan.
Sudanese rights group Emergency Lawyers said: "The horrific scenes show arbitrary arrests followed by brutal torture and field executions, with civilians slaughtered in cold blood and others shot without trial."
It estimated at least 13 people were killed by soldiers and allied fighters in the Kambo Tiba area, with the attacks targeting ethnic groups originally from the Darfur region.
Although Darfur has witnessed some of the worst abuse committed since Sudan’s civil war began in April 2023, residents claiming Arab descent there are viewed as sympathetic to the RSF because its leader, Gen Mohamed Dagalo, comes from the impoverished region, also home to his tribal power base.
The Sudanese Co-ordination of Democratic Civilian Forces (Taqaddum), an opposition anti-war coalition led by former prime minister Abdalla Hamdok, also denounced what it called grave violations against civilians in Al Gezira and called on the army to bring those responsible to justice.
Mr Hamdok, an economist who served for two years as Sudan's prime minister after the military removed long-time dictator Omar Al Bashir in April 2019, has been a key figure in the country's pro-democracy movement.
The killings in Al Gezira were also condemned by Minni Minnawi, the governor of Darfur and leader of the Sudan Liberation Movement, whose forces are fighting the RSF alongside the army. In a statement, he called on the military to hold the perpetrators accountable.
The US special envoy for Sudan, Tom Perriello, also called for accountability for the “horrors” committed.
The Sudanese Foreign Ministry called the killings in Al Gezira "isolated incidents", and said the government and security forces were committed to international law.
"A thorough investigation will be conducted into the incident and those involved will be held accountable," the ministry said. "Strict directives have been issued to the security agencies to ensure such incidents are not repeated."
Army chief Gen Abdel Fattah Al Burhan, Sudan's internationally recognised leader, urged soldiers and citizens to refrain from overstepping the law, while stressing the importance of bringing RSF collaborators to justice.
"No man must take the law into their own hands, no man should take their own rights with their own hand," Gen Al Burhan said in a televised speech delivered to a crowd of thousands in Port Sudan on Tuesday.
"If you encounter someone who had committed any crimes against you in the past, turn them in to the authorities. We are not a militia, we are an army. That means we have order and we operate on the basis of laws."
This is not the first time the Sudanese army and allied militias have faced accusations of attacking civilians. Last month, the Al Bara Ibn Malik Battalion, linked to Al Bashir, was accused of killing dozens of civilians in the Halfaya area, north of Khartoum, after retaking it from the RSF.
The Special Duties Forces, fighting alongside the army, was accused of carrying out extrajudicial killings of civilians in the old Omdurman area hours after it was recaptured from the RSF last year. Human rights groups have called for investigations into alleged war crimes and abuse committed by both sides during the war.
The violence has taken a heavy toll on civilians, with tens of thousands dead, and millions displaced and facing dire humanitarian conditions.
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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.”
Roll of honour 2019-2020
Dubai Rugby Sevens
Winners: Dubai Hurricanes
Runners up: Bahrain
West Asia Premiership
Winners: Bahrain
Runners up: UAE Premiership
UAE Premiership
}Winners: Dubai Exiles
Runners up: Dubai Hurricanes
UAE Division One
Winners: Abu Dhabi Saracens
Runners up: Dubai Hurricanes II
UAE Division Two
Winners: Barrelhouse
Runners up: RAK Rugby
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Based: Dubai, UAE
Sector: Entertainment/Streaming Video On Demand
Number of employees: 125
Investors/Investment amount: $125 million. Major investors include Starz/Lionsgate, State Street, SEQ and Delta Partners
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ETFs explained
Exhchange traded funds are bought and sold like shares, but operate as index-tracking funds, passively following their chosen indices, such as the S&P 500, FTSE 100 and the FTSE All World, plus a vast range of smaller exchanges and commodities, such as gold, silver, copper sugar, coffee and oil.
ETFs have zero upfront fees and annual charges as low as 0.07 per cent a year, which means you get to keep more of your returns, as actively managed funds can charge as much as 1.5 per cent a year.
There are thousands to choose from, with the five biggest providers BlackRock’s iShares range, Vanguard, State Street Global Advisors SPDR ETFs, Deutsche Bank AWM X-trackers and Invesco PowerShares.
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