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Hundreds of British citizens remain trapped in Sudan after the last Britain evacuation flight from Khartoum left the country on Saturday.
They will now be forced to make a dangerous 800km road trip from Khartoum to Port Sudan on the Red Sea or try to reach to the country's border with Egypt or South Sudan.
The UK will run an additional evacuation flight from Port Sudan on Monday, the Foreign, Commonwealth and Development Office said on Sunday afternoon.
Foreign Secretary James Cleverly said rescue efforts, which were previously focused on the Wadi Saeedna site near the Sudanese capital, would be moved to the east of the nation.
“The UK has now airlifted over 2,100 people to safety from Sudan in what has been the largest and longest evacuation of any Western country," Mr Cleverly said.
“I want to thank all of those working to deliver this evacuation and ensure as many people as possible are brought to safety.
“Evacuation flights have ended from Wadi Saeedna but our rescue efforts continue from Port Sudan.”
More than 75,000 people have been displaced by the violence in Sudan, the International Organisation for Migration estimates.
Among those left behind was a British-Sudanese woman who had been told by the UK Foreign Office that she would not be allowed to take her sons on the last flight out.
Saida Yassier Abdalgadir, 25, a teaching assistant, was forced to stay in the city of Atbara, about 340km miles north-east of Khartoum, with her Sudanese husband and two sons aged six and four.
“I asked the FCDO [Foreign, Commonwealth & Development Office] permission for my two boys to be allowed to escape with me, but with no success,” she told The Observer newspaper. “How could I ever spend a minute in safety while my angels are under fire?”
While the British government announced that 2,122 people had been rescued in an evacuation operation involving 23 military flights, a large number are understood to remain stranded.
They now face a grim future with fighting resuming between the Sudanese Armed Forces and the Rapid Support Forces following a three-day truce.
Britain has established diplomatic headquarters in Port Sudan with citizens told to go to the Coral Hotel.
A road convoy carry hundreds of US citizens escorted by armed drones arrived in Port Sudan on Saturday but it is unclear whether others will come with the Sudanese army allegedly blocking the movement of foreign citizens.
There are growing concerns of a humanitarian crisis with refugees sheltering for days in the open on Sudan’s borders with Chad, Egypt, South Sudan and Ethiopia, with food and water running out.
But many refugees, some holding Saudi Arabian flags, have managed to cross the Red Sea to the port of Jeddah.
Among those fortunate to escape was Moneer Abdel Mohsen, a Sudanese citizen, who managed after a long wait to cross the border into Egypt then flew back from Cairo to his workplace in the UAE.
“It was chaos at the border,” he said. “People were sitting on the floor. I spent one and a half days without sleep, food or water.”
He said the price for a bus ticket from the border has risen to almost $250 and was continuing to increase. “I felt so sad leaving my friends behind but only those who have money can leave the country."
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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Libya's Gold
UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves.
The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.
Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.
A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.
Winners
Ballon d’Or (Men’s)
Ousmane Dembélé (Paris Saint-Germain / France)
Ballon d’Or Féminin (Women’s)
Aitana Bonmatí (Barcelona / Spain)
Kopa Trophy (Best player under 21 – Men’s)
Lamine Yamal (Barcelona / Spain)
Best Young Women’s Player
Vicky López (Barcelona / Spain)
Yashin Trophy (Best Goalkeeper – Men’s)
Gianluigi Donnarumma (Paris Saint-Germain and Manchester City / Italy)
Best Women’s Goalkeeper
Hannah Hampton (England / Aston Villa and Chelsea)
Men’s Coach of the Year
Luis Enrique (Paris Saint-Germain)
Women’s Coach of the Year
Sarina Wiegman (England)