• The UAE has received four more evacuation planes carrying 253 citizens of various countries from Sudan. All photos: Wam
    The UAE has received four more evacuation planes carrying 253 citizens of various countries from Sudan. All photos: Wam
  • This brings the total number of evacuation planes that have arrived in the Emirates from Sudan to nine
    This brings the total number of evacuation planes that have arrived in the Emirates from Sudan to nine
  • Authorities are prioritising the evacuation of the most vulnerable groups, including the sick, children, the elderly, and women
    Authorities are prioritising the evacuation of the most vulnerable groups, including the sick, children, the elderly, and women
  • The Emirates is carrying out this humanitarian effort as part of its commitment to strengthening global co-operation around the conflict
    The Emirates is carrying out this humanitarian effort as part of its commitment to strengthening global co-operation around the conflict
  • Tens of thousands have been forced to leave Sudan because of the conflict
    Tens of thousands have been forced to leave Sudan because of the conflict
  • The UAE has hosted citizens of at least 26 countries evacuated on these planes, which have carried 997 people since April 29
    The UAE has hosted citizens of at least 26 countries evacuated on these planes, which have carried 997 people since April 29

UAE receives four more evacuation planes from Sudan


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The UAE has received four more planes carrying 253 citizens of various countries, who were evacuated from Sudan because of unrest that erupted last month in the country.

This brings the total number of evacuation planes that have arrived in the Emirates from Sudan to nine.

The UAE has prioritised the evacuation of the most vulnerable groups, including the sick, children, the elderly and women.

The Ministry of Foreign Affairs and International Co-operation confirmed the successful evacuation operation, state news agency Wam reported.

Authorities have been carrying out this humanitarian effort as part of the UAE's commitment to strengthening global co-operation around the conflict, as well as its approach of providing protection for civilians and extending aid and assistance to countries in times of need.

The Ministry reaffirmed the UAE's commitment to working with the international community to help the Sudanese people, stressing the importance of achieving a ceasefire.

The Emirates continues to host evacuees after their escape from Sudan. Authorities have received citizens of at least 26 different countries evacuated on these planes, which have carried 997 people since April 29.

Evacuees have been provided with all necessary care services while they are in the UAE, before returning to their home countries.

On Wednesday, the government sent a further three planes carrying 116 tonnes of medical and food aid to assist people affected by the conflict in Sudan.

Two of the planes landed at Port Sudan airport, loaded with essential medical supplies and drugs, including surgical tape and endoscopy kits, which will be used to treat injuries and perform emergency surgery.

The third humanitarian flight arrived at Abeche Airport in Chad carrying 16 tonnes of food to support Sudanese refugees.

The crisis has displaced tens of thousands and sparked a shortage of basic supplies.

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Grand slam winners since July 2003

Who has won major titles since Wimbledon 2003 when Roger Federer won his first grand slam

Roger Federer 19 (8 Wimbledon, 5 Australian Open, 5 US Open, 1 French Open)

Rafael Nadal 16 (10 French Open, 3 US Open, 2 Wimbledon, 1 Australian Open)

Novak Djokovic 12 (6 Australian Open, 3 Wimbledon, 2 US Open, 1 French Open)

Andy Murray 3 (2 Wimbledon, 1 US Open)

Stan Wawrinka 3 (1 Australian Open, 1 French Open, 1 US Open)

Andy Roddick 1 (1 US Open) 

Gaston Gaudio 1 (1 French Open)

Marat Safin 1 (1 Australian Open)

Juan Martin del Potro 1 (1 US Open)

Marin Cilic 1 (1 US Open)

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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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Updated: May 13, 2023, 8:25 AM