Smoke rises above buildings after aerial bombardment during clashes between the paramilitary Rapid Support Forces and the army in Khartoum. Reuters
Smoke rises above buildings after aerial bombardment during clashes between the paramilitary Rapid Support Forces and the army in Khartoum. Reuters
Smoke rises above buildings after aerial bombardment during clashes between the paramilitary Rapid Support Forces and the army in Khartoum. Reuters
Smoke rises above buildings after aerial bombardment during clashes between the paramilitary Rapid Support Forces and the army in Khartoum. Reuters

Sudan's army and paramilitary RSF sign seven-day ceasefire


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Warring sides in Sudan have reached an agreement for a seven-day humanitarian ceasefire, the US and Saudi Arabia said on Saturday in a statement after talks in Jeddah.

Representatives from both army chief Gen Abdel Fattah Al Burhan and his former deputy-turned-rival Gen Mohamed Dagalo vowed not to seek any military advantage before the truce goes into effect at 9.45pm Khartoum time on May 22, the statement released by the US State Department said.

The ceasefire “shall remain in effect for seven days and may be extended with the agreement of both parties”, it said.

Numerous previous ceasefire agreements were violated. However, this agreement will be enforced by a US-Saudi and international-supported monitoring mechanism, the statement said, without providing details.

The agreement also calls for distributing humanitarian assistance, restoring essential services and withdrawing forces from hospitals and essential public facilities.

The fighting between Sudan's army and the paramilitary Rapid Support Forces has led to a collapse of order. Stocks of food, cash and essentials are rapidly dwindling, and mass looting has hit banks, embassies, aid warehouses and even churches.

Aid groups have said they are unable to provide sufficient assistance in the capital Khartoum without safe passage and security guarantees for staff.

Air strikes and artillery exchanges shook the Sudanese capital on Saturday and armed men ransacked the Qatari embassy.

Eyewitnesses in Khartoum said that the situation was relatively calm, although sporadic gunshots could be heard.

The conflict, which began on April 15, has displaced almost 1.1 million people internally and into neighbouring countries. The official death toll is 705 with at least 5,287 injured, according to the World Health Organisation.

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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Best Sporting Director: Andrea Berta (Atletico Madrid)

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 Kooora – Best Arab Club: Al Hilal (Saudi Arabia)

 Kooora – Best Arab Player: Abderrazak Hamdallah (Al-Nassr FC, Saudi Arabia)

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Classification of skills

A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation. 

A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.

The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000. 

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Price, base / as tested: Dh74,900 / Dh85,900

Engine: 937cc

Transmission: Six-speed gearbox

Power: 110hp @ 9,000rpm

Torque: 93Nm @ 6,500rpm

Fuel economy, combined: 5.9L / 100km

Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

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Updated: May 21, 2023, 5:57 AM