A wave of drone strikes by the paramilitary Rapid Support Forces hit several key sites in the greater Khartoum area on Tuesday, shattering the relative peace that had prevailed there since Sudan's army retook the capital from the RSF six months ago.
The RSF claimed responsibility for the attack, saying it was in response to what it called "the criminal targeting" of hospitals and other civilian structures in the regions of Darfur and Kordofan.
"These qualitative operations targeted military and logistical sites that serve the enemy's war effort without harming civilians or their property," said the spokesman for the RSF-backed administration based in Darfur.
The army, locked in a devastating civil war against the RSF since April 2023, made no immediate comment on Tuesday's attack.
It caused a power cut in several parts of the greater Khartoum area, as well as in the Nile province to the north, residents said.
They said drones targeted Al Markhiyat, north of Omdurman – one of three cities that make up greater Khartoum – where several power transformers were destroyed. A fire broke out at the power station housing the transformers.
The drones also attacked Al Jaili oil refinery and Al Yarmouk military industrial complex, they said.
A military source was quoted by AFP as saying an airbase had also been targeted, but air defence systems foiled the attack.
Tuesday's attack mirrored a wave of drone assaults in early May on Port Sudan, the temporary seat of the military-backed government on the Red Sea. Those attacks targeted the city's airport, fuel tanks and power stations.
The Khartoum attack also marks a significant escalation in the war and wider use of drones procured by both sides from their regional supporters. It is expected to curtail the return of residents, who had fled the fighting, to their homes in the capital region. At least half of the capital's nine million residents are thought to have fled Khartoum, Omdurman and Bahri.
The attack also comes as the army and the RSF are locked in fierce battles for control of El Fasher, the only city in the western Darfur region not held by the RSF. The city has been under RSF siege since May last year but the army has maintained control.
The fighting there is chiefly to blame for a humanitarian crisis inside the city and the outlying region, where famine has been declared.
There is no precise figure on how many people have been killed in the Sudan civil war, but the number is believed to be in the tens of thousands. The war has also forced the displacement of more than 13 million people and left half the population – about 25 million – facing hunger.
Efforts to mediate between Sudan's army chief and de factor ruler Gen Abdel Fattah Al Burhan and RSF commander Gen Mohamed Dagalo have failed to end the fighting, with the military vowing to fight until victory.
Sudan now has two rival administrations, with the military-backed government in Port Sudan controlling the areas held by the army in northern, central and eastern regions.
The RSF has set up its own administration in Darfur, with Nyala as its capital. The paramilitary also controls parts of Kordofan to the south-west.
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Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
Company%20Profile
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2. Anikka Sande (NOR) For Cash 2 39.09
3. Georgia Tame (GBR) Cash Up 39.42
4. Nadia Taryam (UAE) Askaria 3 39.63
5. Miriam Schneider (GER) Fidelius G 47.74
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COMPANY PROFILE
Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed
Milestones on the road to union
1970
October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar.
December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.
1971
March 1: Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.
July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.
July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.
August 6: The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.
August 15: Bahrain becomes independent.
September 3: Qatar becomes independent.
November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.
November 29: At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.
November 30: Despite a power sharing agreement, Tehran takes full control of Abu Musa.
November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties
December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.
December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.
December 9: UAE joins the United Nations.
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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