A woman walks along a street in Omdurman, Sudan on November 1. Africa’s biggest war is, by some metrics, even worse than the ongoing conflicts in Gaza and Lebanon. EPA
A woman walks along a street in Omdurman, Sudan on November 1. Africa’s biggest war is, by some metrics, even worse than the ongoing conflicts in Gaza and Lebanon. EPA
A woman walks along a street in Omdurman, Sudan on November 1. Africa’s biggest war is, by some metrics, even worse than the ongoing conflicts in Gaza and Lebanon. EPA
A woman walks along a street in Omdurman, Sudan on November 1. Africa’s biggest war is, by some metrics, even worse than the ongoing conflicts in Gaza and Lebanon. EPA


Sudan's war must not be forgotten


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  • Arabic

November 15, 2024

“They came to our house and threatened us. We gave them our money, but they still beat my sister and ripped the earrings from her ears … They are monsters – no, monsters are better than them.”

This harrowing testimony from Husna, a displaced Sudanese woman, was released on Tuesday. It is a shocking tale from Sudan’s brutal civil war but sadly not an exceptional one. According to the UN, fighting between Sudan’s army and the paramilitary Rapid Support Forces in the country’s Al Jazira region during the past month has claimed more than 120 civilian lives and displaced 135,400 people.

Such violence is just the latest chapter in a conflict in which horrific atrocities have been committed. The Sudanese health authorities say at least 40,000 civilians have been killed since fighting began in April last year but the true death toll may be much higher. About 11 million people have been displaced, more than 25 million face acute hunger and there are numerous credible reports of ethnic cleansing and sexual violence.

Not only is Sudan’s civil war a humanitarian catastrophe, it is also a geopolitical one. Speaking at the Abu Dhabi Strategic Debate this week, Dr Anwar Gargash, diplomatic adviser to UAE President Sheikh Mohamed, expressed fears that many share about Sudan’s territorial integrity. A Sudan that breaks apart would tear apart countless families but also endanger the stability of its immediate neighbours as well as the Horn of Africa.

Efforts for peace talks, from Jeddah to Geneva have not yet produced a durable solution but they did help pave the way for small windows for aid access

Given the human cost and strategic peril of Sudan’s war, international efforts to end it ought to be in full swing by now. Indeed, Africa’s biggest war is, by some metrics, even worse than the ongoing wars in Gaza and Ukraine. However, Sudan commands a fraction of the international attention focused on the Levant and in Europe, and diplomacy to end it has thus far has been disjointed and fitful. In fact, few conflicts in Africa appear to galvanise a sense of urgency on the world stage – no new UN or African Union peacekeeping missions have been authorised for several years; the UN’s peacekeeping mission in Sudan was wound down after South Sudanese independence in 2011.

Former Sudanese prime minister Abdalla Hamdok has said recruitment by both sides along ethnic lines from the country’s diverse tribes and minority groups 'creates a rift in our society, which would become extremely challenging to push back. EPA
Former Sudanese prime minister Abdalla Hamdok has said recruitment by both sides along ethnic lines from the country’s diverse tribes and minority groups 'creates a rift in our society, which would become extremely challenging to push back. EPA

There is no doubt that Sudan’s war is a complex one – both sides have external support and are made up of a plethora of tribal factions and independent militias with their own agendas. Speaking in London earlier this month, former Sudanese prime minister Abdalla Hamdok said recruitment by both sides along ethnic lines from the country’s diverse tribes and minority groups “creates a rift in our society, which would become extremely challenging to push back”.

Sudan’s future does not lie with armed factions imposing their interests on this diverse and sophisticated nation. The country needs an immediate ceasefire, a coherent mediated talks process, more humanitarian support and a return of the national dialogue that followed the fall of former leader Omar Al Bashir in 2019.

Efforts for peace talks, from Jeddah to Geneva have not yet produced a durable solution but they did help pave the way for small windows for aid access. These efforts must be built on and the pursuit of peace cannot be abandoned.

The alternative is a drawn-out war marked by further human suffering, entrenched militias and perpetual regional instability. For these reasons alone, Sudan must not be forgotten.

What drives subscription retailing?

Once the domain of newspaper home deliveries, subscription model retailing has combined with e-commerce to permeate myriad products and services.

The concept has grown tremendously around the world and is forecast to thrive further, according to UnivDatos Market Insights’ report on recent and predicted trends in the sector.

The global subscription e-commerce market was valued at $13.2 billion (Dh48.5bn) in 2018. It is forecast to touch $478.2bn in 2025, and include the entertainment, fitness, food, cosmetics, baby care and fashion sectors.

The report says subscription-based services currently constitute “a small trend within e-commerce”. The US hosts almost 70 per cent of recurring plan firms, including leaders Dollar Shave Club, Hello Fresh and Netflix. Walmart and Sephora are among longer established retailers entering the space.

UnivDatos cites younger and affluent urbanites as prime subscription targets, with women currently the largest share of end-users.

That’s expected to remain unchanged until 2025, when women will represent a $246.6bn market share, owing to increasing numbers of start-ups targeting women.

Personal care and beauty occupy the largest chunk of the worldwide subscription e-commerce market, with changing lifestyles, work schedules, customisation and convenience among the chief future drivers.

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.”

Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

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Updated: November 18, 2024, 4:38 PM