Protesters march during a rally against military rule in Khartoum, Sudan, on Tuesday. Reuters
Protesters march during a rally against military rule in Khartoum, Sudan, on Tuesday. Reuters
Protesters march during a rally against military rule in Khartoum, Sudan, on Tuesday. Reuters
Protesters march during a rally against military rule in Khartoum, Sudan, on Tuesday. Reuters

MENA

Protester killed in Sudan rallies on military coup anniversary

Security forces use tear gas to disperse protesters approaching presidential palace in Khartoum

Hamza Hendawi
Hamza Hendawi
Cairo

October 25, 2022

  • English
  • Arabic

A protester was killed when he was hit by a security forces vehicle during street rallies in Sudan on Tuesday, a medical group aligned with the opposition said.

The demonstrations marked the first anniversary of the military coup that upended the country’s democratic transition.

The Central Sudan Doctors Association said the victim, Abul Abdel Wahab, 20, died in Omdurman, Khartoum's twin city.

The association is known for thoroughly counting victims of political violence in Sudan in recent years.

"I dream of hearing the last gunfire shot in my country, even if it targets me," Abdel Wahab wrote on Facebook on Monday night.

In another post, he bade farewell to his friends and family and asked for forgiveness if he had wronged any of them.

"Tomorrow will not be new to us," he wrote. "We will wage a battle that history will witness. Remember us if we achieve victory."

Elsewhere in Khartoum, police used tear gas to disperse protesters approaching the Nile-side presidential palace in the heart of the Sudanese capital.

Soldiers and paramilitary units had been posted since early on Tuesday morning in anticipation of the anti-military rallies.

Waving Sudanese flags, the protesters chanted: “Soldiers, go back to the barracks” and “No partnership, no negotiation with the putschists".

Internet monitoring service NetBlocks reported “a nation-scale internet disruption in Sudan” before the protests, a measure often taken in the past by authorities on days when large demonstrations were planned.

Activists say the internet disruptions are designed to hamper attempts by protesters to organise and to help cover up human rights abuses.

At least 119 protesters have now been killed and about 6,000 injured since the coup a year ago. At least 30 people were injured in the last anti-military rallies in Khartoum on Friday.

One year on from Sudan coup - in pictures

Zahra Hussein (R), a nine-year-old Sudanese girl who dropped out of school for financial reasons, poses for a picture with her brother at their home in the village of Ed Moussa in Sudan's eastern state of Kassala, on September 27, 2022. - There are nearly seven million children in Sudan who no longer go to school, a victim of what aid agencies have warned is a "generational catastrophe". Children in the country have for years faced mounting difficulties gaining access to proper education, especially in rural areas. Sudan is already one of the world's poorest countries, plagued by political instability, droughts, hunger and conflict, with an adult literacy rate of only around 60 percent according to the World Bank. AFP
Zahra Hussein (R), a nine-year-old Sudanese girl who dropped out of school for financial reasons, poses for a picture with her brother at their home in the village of Ed Moussa in Sudan's eastern state of Kassala, on September 27, 2022. - There are nearly seven million children in Sudan who no longer go to school, a victim of what aid agencies have warned is a "generational catastrophe". Children in the country have for years faced mounting difficulties gaining access to proper education, especially in rural areas. Sudan is already one of the world's poorest countries, plagued by political instability, droughts, hunger and conflict, with an adult literacy rate of only around 60 percent according to the World Bank. AFP
Abukk Sebit, 25, looks from her balcony after working to help financially her family in Sudan, at Ain Shams district area in Cairo, Egypt September 13, 2022. Reuters
Abukk Sebit, 25, looks from her balcony after working to help financially her family in Sudan, at Ain Shams district area in Cairo, Egypt September 13, 2022. Reuters
Mostafa waits for the bus before leaving for Egypt in Khartoum, Sudan September 24, 2022. Reuters
Mostafa waits for the bus before leaving for Egypt in Khartoum, Sudan September 24, 2022. Reuters
Abdalla Ibrahim, the Sudanese owner of a coffee shop and father of seven, looks on as he sits behind a pot on a fire in the village of Gosla in Sudan's eastern state of Kassala, on September 27, 2022. There are nearly seven million children in Sudan who no longer go to school, a victim of what aid agencies have warned is a "generational catastrophe". Children in the country have for years faced mounting difficulties gaining access to proper education, especially in rural areas. Sudan is already one of the world's poorest countries, plagued by political instability, droughts, hunger and conflict, with an adult literacy rate of only around 60 percent according to the World Bank. AFP
Abdalla Ibrahim, the Sudanese owner of a coffee shop and father of seven, looks on as he sits behind a pot on a fire in the village of Gosla in Sudan's eastern state of Kassala, on September 27, 2022. There are nearly seven million children in Sudan who no longer go to school, a victim of what aid agencies have warned is a "generational catastrophe". Children in the country have for years faced mounting difficulties gaining access to proper education, especially in rural areas. Sudan is already one of the world's poorest countries, plagued by political instability, droughts, hunger and conflict, with an adult literacy rate of only around 60 percent according to the World Bank. AFP
Othman Abubakr, a Sudanese day labourer who has nine children, poses for a picture in the village of Wad Sharifai in Sudan's eastern state of Kassala on September 27, 2022. There are nearly seven million children in Sudan who no longer go to school, a victim of what aid agencies have warned is a "generational catastrophe". Children in the country have for years faced mounting difficulties gaining access to proper education, especially in rural areas. Sudan is already one of the world's poorest countries, plagued by political instability, droughts, hunger and conflict, with an adult literacy rate of only around 60 percent according to the World Bank. AFP
Othman Abubakr, a Sudanese day labourer who has nine children, poses for a picture in the village of Wad Sharifai in Sudan's eastern state of Kassala on September 27, 2022. There are nearly seven million children in Sudan who no longer go to school, a victim of what aid agencies have warned is a "generational catastrophe". Children in the country have for years faced mounting difficulties gaining access to proper education, especially in rural areas. Sudan is already one of the world's poorest countries, plagued by political instability, droughts, hunger and conflict, with an adult literacy rate of only around 60 percent according to the World Bank. AFP
Ohaj Soliman, a 43-year-old Sudanese day labourer who put his children to work, poses for a picture during an interview with AFP in the village of Gosla in Sudan's eastern state of Kassala, on September 27, 2022. There are nearly seven million children in Sudan who no longer go to school, a victim of what aid agencies have warned is a "generational catastrophe". Children in the country have for years faced mounting difficulties gaining access to proper education, especially in rural areas. Sudan is already one of the world's poorest countries, plagued by political instability, droughts, hunger and conflict, with an adult literacy rate of only around 60 percent according to the World Bank. AFP
Ohaj Soliman, a 43-year-old Sudanese day labourer who put his children to work, poses for a picture during an interview with AFP in the village of Gosla in Sudan's eastern state of Kassala, on September 27, 2022. There are nearly seven million children in Sudan who no longer go to school, a victim of what aid agencies have warned is a "generational catastrophe". Children in the country have for years faced mounting difficulties gaining access to proper education, especially in rural areas. Sudan is already one of the world's poorest countries, plagued by political instability, droughts, hunger and conflict, with an adult literacy rate of only around 60 percent according to the World Bank. AFP
Malaz Al-Bakr Ibrahim, 23, who has worked as a babysitter in Egypt since 2020 because of the economic and political situation in Sudan, poses for a photograph at Ain Shams district area in Cairo, Egypt September 13, 2022. Reuters
Malaz Al-Bakr Ibrahim, 23, who has worked as a babysitter in Egypt since 2020 because of the economic and political situation in Sudan, poses for a photograph at Ain Shams district area in Cairo, Egypt September 13, 2022. Reuters
Abukk Sebit, 25 years old, poses with her children after working to help her family in Sudan financially at Ain Shams district area in Cairo, Egypt September 13, 2022. Reuters
Abukk Sebit, 25 years old, poses with her children after working to help her family in Sudan financially at Ain Shams district area in Cairo, Egypt September 13, 2022. Reuters
Abukk Sebit, 25 years old, prepares food before going to work to help her family in Sudan financially at Ain Shams district area in Cairo, Egypt September 13, 2022. Reuters
Abukk Sebit, 25 years old, prepares food before going to work to help her family in Sudan financially at Ain Shams district area in Cairo, Egypt September 13, 2022. Reuters
General view of a Sudanese coffee shop, where the number of Sudanese clients has increased in recent years after the economic and political conditions in their country deteriorated, at Ain Shams district area in Cairo, Egypt September 13, 2022. Reuters
General view of a Sudanese coffee shop, where the number of Sudanese clients has increased in recent years after the economic and political conditions in their country deteriorated, at Ain Shams district area in Cairo, Egypt September 13, 2022. Reuters
Sudanese protesters rally against the October 2021 military coup which has led to deaths and scores of arrests of demonstrators, in Khartoum, Sudan, Monday, February 28, 2022. Since the coup, more than 80 people, mostly young men, have been killed and over 2,600 others injured in the protests, according to a Sudanese medical group. AP Photo
Sudanese protesters rally against the October 2021 military coup which has led to deaths and scores of arrests of demonstrators, in Khartoum, Sudan, Monday, February 28, 2022. Since the coup, more than 80 people, mostly young men, have been killed and over 2,600 others injured in the protests, according to a Sudanese medical group. AP Photo
A man flashes the victory sign during a protest to denounce the October 2021 military coup, in Khartoum, Sudan, Jan. 9, 2022. Since the coup, security forces launched a deadly crackdown on protesters. Many activists were taken from their homes or snatched from the streets, according to documents he provided to The Associated Press. Around 80 people, mostly young men, were killed and over 2,200 others were wounded in the protests since the coup, according to a Sundanese medical group. AP Photo
A man flashes the victory sign during a protest to denounce the October 2021 military coup, in Khartoum, Sudan, Jan. 9, 2022. Since the coup, security forces launched a deadly crackdown on protesters. Many activists were taken from their homes or snatched from the streets, according to documents he provided to The Associated Press. Around 80 people, mostly young men, were killed and over 2,200 others were wounded in the protests since the coup, according to a Sundanese medical group. AP Photo
A Sudanese protester holds a painting of a person who reportedly died in a previous rally during a protest, in Khartoum, Sudan, 20 January 2022. Sudanese protesters rallied against the killing of at least 70 protests in crackdown against pro-democracy since the beginning of the military coup on 25 October 2021. The protest was organized as the US Assistant Secretary of State Molly Phee and US special envoy for the Horn of Africa David Satterfield visit Khartoum to meet separately with pro-democracy activists and military leaders to put an end to the crisis in the country. EPA
A Sudanese protester holds a painting of a person who reportedly died in a previous rally during a protest, in Khartoum, Sudan, 20 January 2022. Sudanese protesters rallied against the killing of at least 70 protests in crackdown against pro-democracy since the beginning of the military coup on 25 October 2021. The protest was organized as the US Assistant Secretary of State Molly Phee and US special envoy for the Horn of Africa David Satterfield visit Khartoum to meet separately with pro-democracy activists and military leaders to put an end to the crisis in the country. EPA
A boy draws on the street in front of a barricade during a two-day general strike and civil disobedience campaign in response to demonstrators' deaths against military takeover on October 25, 2021, in Khartoum, Sudan January 18, 2022. Reuters
A boy draws on the street in front of a barricade during a two-day general strike and civil disobedience campaign in response to demonstrators' deaths against military takeover on October 25, 2021, in Khartoum, Sudan January 18, 2022. Reuters
A Sudanese demonstrator waves a national flag during a protest against the October 2021 military coup, in the capital Khartoum, on January 13, 2022. The demonstrations which converged from several parts of Khartoum came only days after the United Nations launched a bid to facilitate talks between Sudanese factions. AFP
A Sudanese demonstrator waves a national flag during a protest against the October 2021 military coup, in the capital Khartoum, on January 13, 2022. The demonstrations which converged from several parts of Khartoum came only days after the United Nations launched a bid to facilitate talks between Sudanese factions. AFP
Sudanese protesters take to the streets of the capital Khartoum as they rally against the October 2021 military coup, on January 13, 2022. The demonstrations which converged from several parts of Khartoum came only days after the United Nations launched a bid to facilitate talks between Sudanese factions. AFP
Sudanese protesters take to the streets of the capital Khartoum as they rally against the October 2021 military coup, on January 13, 2022. The demonstrations which converged from several parts of Khartoum came only days after the United Nations launched a bid to facilitate talks between Sudanese factions. AFP
Sudanese protesters take cover as security forces fire tear gas during clashes with security forces at an anti-coup protest, in Khartoum, Sudan, 09 January 2022. Security forces fired tear gas to disperse protesters gathering in Khartoum and attempting to march towards the presidential palace, as part of the continuing protesting movement against a military coup in October 2021. The protest was organized a day after the UN envoy for Sudan said the international group will invite different parties for talks in Sudan to end the crisis. EPA
Sudanese protesters take cover as security forces fire tear gas during clashes with security forces at an anti-coup protest, in Khartoum, Sudan, 09 January 2022. Security forces fired tear gas to disperse protesters gathering in Khartoum and attempting to march towards the presidential palace, as part of the continuing protesting movement against a military coup in October 2021. The protest was organized a day after the UN envoy for Sudan said the international group will invite different parties for talks in Sudan to end the crisis. EPA
A Sudanese protester attempts to throw back a tear gas canister during clashes with security forces at an anti-coup protest, in Khartoum, Sudan, 09 January 2022. Security forces fired tear gas to disperse protesters gathering in Khartoum and attempting to march towards the presidential palace, as part of the continuing protesting movement against a military coup in October 2021. The protest was organized a day after the UN envoy for Sudan said the international group will invite different parties for talks in Sudan to end the crisis. EPA
A Sudanese protester attempts to throw back a tear gas canister during clashes with security forces at an anti-coup protest, in Khartoum, Sudan, 09 January 2022. Security forces fired tear gas to disperse protesters gathering in Khartoum and attempting to march towards the presidential palace, as part of the continuing protesting movement against a military coup in October 2021. The protest was organized a day after the UN envoy for Sudan said the international group will invite different parties for talks in Sudan to end the crisis. EPA
Sudanese protesters take cover during clashes with security forces at an anti-coup protest, in Khartoum, Sudan, 09 January 2022. Security forces fired tear gas to disperse protesters gathering in Khartoum and attempting to march towards the presidential palace, as part of the continuing protesting movement against a military coup in October 2021. The protest was organized a day after the UN envoy for Sudan said the international group will invite different parties for talks in Sudan to end the crisis. EPA
Sudanese protesters take cover during clashes with security forces at an anti-coup protest, in Khartoum, Sudan, 09 January 2022. Security forces fired tear gas to disperse protesters gathering in Khartoum and attempting to march towards the presidential palace, as part of the continuing protesting movement against a military coup in October 2021. The protest was organized a day after the UN envoy for Sudan said the international group will invite different parties for talks in Sudan to end the crisis. EPA
Sudanese protesters take cover as security forces fire tear gas during clashes with security forces at an anti-coup protest, in Khartoum, Sudan, 09 January 2022. Security forces fired tear gas to disperse protesters gathering in Khartoum and attempting to march towards the presidential palace, as part of the continuing protesting movement against a military coup in October 2021. The protest was organized a day after the UN envoy for Sudan said the international group will invite different parties for talks in Sudan to end the crisis. EPA
Sudanese protesters take cover as security forces fire tear gas during clashes with security forces at an anti-coup protest, in Khartoum, Sudan, 09 January 2022. Security forces fired tear gas to disperse protesters gathering in Khartoum and attempting to march towards the presidential palace, as part of the continuing protesting movement against a military coup in October 2021. The protest was organized a day after the UN envoy for Sudan said the international group will invite different parties for talks in Sudan to end the crisis. EPA

The troops also sealed off Nile bridges linking the three towns that make up the Greater Khartoum area — Khartoum, Bahri and Omdurman — to prevent large numbers of protesters from gathering.

Authorities also ordered government offices, schools, banks and universities to close for the day.

The resistance committees, grass roots pro-democracy groups, described the demonstrations planned on October 25 as a “million-man protest” and a “continuation of the courageous struggle”.

“It will be staged under the slogan of ‘bring down the coup’ and will head to the presidential palace,” the group said.

The October 25 takeover ended a partnership between the military and the pro-democracy forces behind mass street protests in late 2018 and early 2019 that toppled dictator Omar Al Bashir’s 29-year rule.

A vast nation of 44 million people, Sudan has experienced unrest in its outlying regions since the takeover, including in the Blue Nile and Darfur regions.

The deadly violence has left at least 600 dead since January and displaced tens of thousands, the UN reported.

Sudan has also been gripped by the worst economic crisis in living memory after the West suspended billions of dollars’ worth of aid and debt forgiveness following the takeover.

Sudan's military ruler Gen Abdel Fattah Al Burhan has said the takeover was necessary to spare Sudan from civil war. AP
Sudan's military ruler Gen Abdel Fattah Al Burhan has said the takeover was necessary to spare Sudan from civil war. AP

It is suffering from three-digit inflation and chronic food shortages, with a third of its population now experiencing hunger — a rise of 50 per cent over 2021, according to the World Food Programme.

The cost of food staples has also soared by 137 per cent in one year, which the WFP says has forced Sudanese to spend “more than two thirds of their income on food alone, leaving little money to cover other needs”.

Gen Abdel Fattah Al Burhan, the army chief who led the military takeover and is now the head of state, insists that it was necessary to spare the country from civil war and restore the prestige of the armed forces.

But Gen Al Burhan has so far failed to form a government.

His repeated assertions that the military was prepared to step aside and let civilians name a head of state and a prime minister have been hedged by his suggestions that the army would remain as the source of ultimate power in Sudan, assuming the role of guardian and protector of the nation.

The general has also moved or chose not to challenge the reinstatement of thousands of Al Bashir supporters in government jobs and the judiciary from which they were purged.

He has also allowed them to engage in political activity, in what is widely interpreted as a reversal of the uprising against the dictator.

Gen Al Burhan has also dismissed a state, post-uprising commission mandated to dismantle Al Bashir's legacy.

About Okadoc

Date started: Okadoc, 2018

Founder/CEO: Fodhil Benturquia

Based: Dubai, UAE

Sector: Healthcare

Size: (employees/revenue) 40 staff; undisclosed revenues recording “double-digit” monthly growth

Funding stage: Series B fundraising round to conclude in February

Investors: Undisclosed

More on Quran memorisation:
Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

While you're here
While you're here
NEW%20PRICING%20SCHEME%20FOR%20APPLE%20MUSIC%2C%20TV%2B%20AND%20ONE
%3Cp%3E%3Cstrong%3EApple%20Music%3Cbr%3EMonthly%20individual%3A%20%3C%2Fstrong%3E%2410.99%20(from%20%249.99)%3Cstrong%3E%3Cbr%3EMonthly%20family%3A%20%3C%2Fstrong%3E%2416.99%20(from%20%2414.99)%3Cstrong%3E%3Cbr%3EIndividual%20annual%3A%20%3C%2Fstrong%3E%24109%20(from%20%2499)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EApple%20TV%2B%3Cbr%3EMonthly%3A%20%3C%2Fstrong%3E%246.99%20(from%20%244.99)%3Cstrong%3E%3Cbr%3EAnnual%3A%20%3C%2Fstrong%3E%2469%20(from%20%2449.99)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EApple%20One%3Cbr%3EMonthly%20individual%3A%20%3C%2Fstrong%3E%2416.95%20(from%20%2414.95)%3Cstrong%3E%3Cbr%3EMonthly%20family%3A%20%3C%2Fstrong%3E%2422.95%20(from%20%2419.95)%3Cstrong%3E%3Cbr%3EMonthly%20premier%3A%20%3C%2Fstrong%3E%2432.95%20(from%20%2429.95)%3C%2Fp%3E%0A
The smuggler

Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple. 
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.

Khouli conviction

Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.

For sale

A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.

- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico

- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000

- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950

While you're here
Kareem Shaheen on Canada
The Matrix Resurrections

Director: Lana Wachowski

Stars:  Keanu Reeves, Carrie-Anne Moss, Jessica Henwick 

Rating:****

RoboCop%3A%20Rogue%20City
%3Cp%3E%3Cstrong%3EDeveloper%3A%20%3C%2Fstrong%3ETeyon%3Cbr%3E%3Cstrong%3EPublisher%3A%20%3C%2Fstrong%3ENacon%3Cbr%3E%3Cstrong%3EConsole%3A%3C%2Fstrong%3E%20PlayStation%205%2C%20Xbox%20Series%20X%2FS%20and%20PC%3Cbr%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3%2F5%3C%2Fp%3E%0A
While you're here
More from Con Coughlin
The specs

Engine: 3.9-litre twin-turbo V8
Power: 620hp from 5,750-7,500rpm
Torque: 760Nm from 3,000-5,750rpm
Transmission: Eight-speed dual-clutch auto
On sale: Now
Price: From Dh1.05 million ($286,000)

While you're here
The specs

Engine: Four electric motors, one at each wheel

Power: 579hp

Torque: 859Nm

Transmission: Single-speed automatic

Price: From Dh825,900

On sale: Now

More from Firas Maksad
How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less
Jigra
Director: Vasan Bala
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
Rated: 3.5/5
Why your domicile status is important

Your UK residence status is assessed using the statutory residence test. While your residence status – ie where you live - is assessed every year, your domicile status is assessed over your lifetime.

Your domicile of origin generally comes from your parents and if your parents were not married, then it is decided by your father. Your domicile is generally the country your father considered his permanent home when you were born. 

UK residents who have their permanent home ("domicile") outside the UK may not have to pay UK tax on foreign income. For example, they do not pay tax on foreign income or gains if they are less than £2,000 in the tax year and do not transfer that gain to a UK bank account.

A UK-domiciled person, however, is liable for UK tax on their worldwide income and gains when they are resident in the UK.

In Full Flight: A Story of Africa and Atonement
John Heminway, Knopff

Red Joan

Director: Trevor Nunn

Starring: Judi Dench, Sophie Cookson, Tereza Srbova

Rating: 3/5 stars

if you go

The flights

Etihad, Emirates and Singapore Airlines fly direct from the UAE to Singapore from Dh2,265 return including taxes. The flight takes about 7 hours.

The hotel

Rooms at the M Social Singapore cost from SG $179 (Dh488) per night including taxes.

The tour

Makan Makan Walking group tours costs from SG $90 (Dh245) per person for about three hours. Tailor-made tours can be arranged. For details go to www.woknstroll.com.sg

On Women's Day
UAE currency: the story behind the money in your pockets

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.”

Updated: October 25, 2022, 10:10 PM
SudanKhartoum