Sudanese demonstrators march along the street during anti-government protests after Friday prayers in Khartoum, Sudan January 11, 2019. Reuters
Sudanese demonstrators march along the street during anti-government protests after Friday prayers in Khartoum, Sudan January 11, 2019. Reuters
Sudanese demonstrators march along the street during anti-government protests after Friday prayers in Khartoum, Sudan January 11, 2019. Reuters
Sudanese demonstrators march along the street during anti-government protests after Friday prayers in Khartoum, Sudan January 11, 2019. Reuters

Sudan protests continue despite police crackdown


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Sudan’s political crisis shows no sign of easing as anti-government protests enter their fourth week, with activists calling for further marches despite a violent crackdown on demonstrations.

The Sudanese Professionals Association, which has been organising protests, called for a march in the capital Khartoum on Sunday after police fired tear gas to disperse protesters in Khartoum and its twin city Omdurman after midday prayers on Friday.

Protesters chanting “peaceful, peaceful against the thieves” have been met with live bullets fired by security forces. Since protests began on December 19, more than 40 people have been killed and over 1000 arrested, according to Amnesty International.

Protests on Wednesday in Omdurman were particularly violent, with police firing live ammunition in the city’s main hospital, where operating theatres were flooded with tear gas. The police were looking for protesters earlier in the day, activists said.

Amnesty International called for an investigation into what it described as a “horrific attack.”

“The Government of Sudan must also take immediate action to stop the practice of shooting protesters and respect the Sudanese people’s right to freedom of expression,” said Sarah Jackson, the human rights group’s Deputy Director for East Africa.

But as security forces have cracked down on protesters, key regional powers are maintaining their support for long-standing autocrat Al Bashir.

"Egypt fully supports the security and stability of Sudan, which is integral to Egypt's national security," President Abdel Fattah El-Sisi told an aide to Al Bashir who visited Cairo last week.

Qatar's ruler, Sheikh Tamim bin Hamad Al Thani, called Al Bashir shortly after the protests began to offer his support.

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Read more:

Sudan's Bashir resists demands to step down amid protests

Persistent protests testify to deep-rooted anger in Sudan

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On Wednesday, Al Bashir gave a speech thanking his supporters and allies in which he warned that instability in Sudan could produce another conflict like those which afflict Syria and Yemen. “Those who are plotting against Sudan are very upset that we’re still standing despite their conspiracies,” he said.

In December, the price of bread rose from one Sudanese pound to three (from about 7 fils to 23), as the government cut subsidies. Soon afterwards angry demonstrators began calling for Al Bashir to step down.

The current protests are the largest since the 75-year-old Al Bashir seized power in a 1989 military coup. He is wanted by the International Criminal Court for war crimes and other abuses against civilians during the Darfur conflict.

Since the secession of South Sudan in 2011, Khartoum lost three quarters of its oil revenue, crippling an economy already wracked by 20 years of US sanctions.

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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The National selections

Al Ain

5pm: Bolereau
5.30pm: Rich And Famous
6pm: Duc De Faust
6.30pm: Al Thoura​​​​​​​
7pm: AF Arrab​​​​​​​
7.30pm: Al Jazi​​​​​​​
8pm: Futoon

Jebel Ali

1.45pm: AF Kal Noor​​​​​​​
2.15pm: Galaxy Road
2.45pm: Dark Thunder
3.15pm: Inverleigh​​​​​​​
3.45pm: Bawaasil​​​​​​​
4.15pm: Initial
4.45pm: Tafaakhor