Sudan army rulers and protesters agree on three-year transition period


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Sudanese military rulers and leaders of the country's protest movement have agreed to a three-year transition period that will transfer authority to a full civilian administration.

The decision came despite talks remaining unfinished in Khartoum, where protesters have massed outside of the country's defence headquarters.

Civilians have for months called for new rule in Sudan after decades living under deposed President Omar Al Bashir. The generals who ousted him have held on to the leadership of the country.

The two sides announced early Wednesday after nearly 12 hours of negotiations that they had reached an agreement on the transition period.

"We agreed on a transitional period of three years," Lieutenant General Yasser Al Atta, a member of the military council told reporters.

Mr Atta said a final agreement on the sharing of power, including the forming of the next ruling body — the sovereign council — will be signed with the protest movement, the Alliance for Freedom and Change, within a day.

"We vow to our people that the agreement will be completed fully within 24 hours in a way that it meets the people's aspirations," Mr Atta said.

He said of the transition period, the first six months will be allocated to signing peace accords with rebels in the country's war zones like Darfur, Blue Nile and South Kordofan.

UAE Minister of State for Foreign Affairs Dr Anwar Gargash welcomed the news, saying the agreement had put Sudan "on the path of stability and recovery".

The army generals had initially insisted on a two-year transition period, while the protest leaders wanted four years.

Key negotiations however remain on the composition of the sovereign council, which will replace the existing ruling body made up solely of generals.

The generals say this should be military led while protest leaders want it to be majority civilian.

After the forming of the sovereign council, a new transitional civilian government will be formed to run the country's day-to-day affairs and would work towards having the first post-Bashir elections after the end of the transition period.

Mr Atta said that during the transition period parliament will be composed of 300 members, of which 67 per cent will be from the Alliance for Freedom and Change and the rest will be from other political groups.

The Alliance for Freedom and Change meanwhile said the shootings on Monday were an attempt to "disturb the breakthrough" in talks.

On Tuesday, the US blamed the army for the deaths.

They "were clearly the result of the Transitional Military Council trying to impose its will on the protesters by attempting to remove roadblocks", the US embassy said on its Facebook page.

"The decision for security forces to escalate the use of force, including the unnecessary use of tear gas, led directly to the unacceptable violence later in the day that the TMC was unable to control," it said.

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UAE currency: the story behind the money in your pockets
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  • Stay hydrated: Drink plenty of fluids, especially water. Avoid alcohol and caffeine, which can increase dehydration.
  • Seek cool environments: Use air conditioning, fans, or visit community spaces with climate control.
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The device has a screen reader or software that monitors what happens on the screen

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A VOISS computer costs between $200 and $250 depending on memory card capacity that ranges from 32GB to 128GB

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Arabic voice in affordable talking computer to be added next year to English, Portuguese, and Spanish synthesiser

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Rating: 4/5

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UAE currency: the story behind the money in your pockets
Fixtures and results:

Wed, Aug 29:

  • Malaysia bt Hong Kong by 3 wickets
  • Oman bt Nepal by 7 wickets
  • UAE bt Singapore by 215 runs

Thu, Aug 30: UAE v Nepal; Hong Kong v Singapore; Malaysia v Oman

Sat, Sep 1: UAE v Hong Kong; Oman v Singapore; Malaysia v Nepal

Sun, Sep 2: Hong Kong v Oman; Malaysia v UAE; Nepal v Singapore

Tue, Sep 4: Malaysia v Singapore; UAE v Oman; Nepal v Hong Kong

Thu, Sep 6: Final

Uefa Nations League: How it works

The Uefa Nations League, introduced last year, has reached its final stage, to be played over five days in northern Portugal. The format of its closing tournament is compact, spread over two semi-finals, with the first, Portugal versus Switzerland in Porto on Wednesday evening, and the second, England against the Netherlands, in Guimaraes, on Thursday.

The winners of each semi will then meet at Porto’s Dragao stadium on Sunday, with the losing semi-finalists contesting a third-place play-off in Guimaraes earlier that day.

Qualifying for the final stage was via League A of the inaugural Nations League, in which the top 12 European countries according to Uefa's co-efficient seeding system were divided into four groups, the teams playing each other twice between September and November. Portugal, who finished above Italy and Poland, successfully bid to host the finals.

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Price, base / as tested: Dh283,080 / Dh318,465

Engine: 2.0-litre inline four-cylinder

Transmission: Eight-speed automatic

Power: 295hp @ 5,500rpm

Torque: 400Nm @ 1,500rpm

Fuel economy, combined: 7.2L / 100km

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Dos

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Defence review at a glance

• Increase defence spending to 2.5% of GDP by 2027 but given “turbulent times it may be necessary to go faster”

• Prioritise a shift towards working with AI and autonomous systems

• Invest in the resilience of military space systems.

• Number of active reserves should be increased by 20%

• More F-35 fighter jets required in the next decade

• New “hybrid Navy” with AUKUS submarines and autonomous vessels

What can you do?

Document everything immediately; including dates, times, locations and witnesses

Seek professional advice from a legal expert

You can report an incident to HR or an immediate supervisor

You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline

In criminal cases, you can contact the police for additional support

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

Fireball

Moscow claimed it hit the largest military fuel storage facility in Ukraine, triggering a huge fireball at the site.

A plume of black smoke rose from a fuel storage facility in the village of Kalynivka outside Kyiv on Friday after Russia said it had destroyed the military site with Kalibr cruise missiles.

"On the evening of March 24, Kalibr high-precision sea-based cruise missiles attacked a fuel base in the village of Kalynivka near Kyiv," the Russian defence ministry said in a statement.

Ukraine confirmed the strike, saying the village some 40 kilometres south-west of Kyiv was targeted.

How to keep control of your emotions

If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.

Greed

Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.

Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.

Fear

The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.

Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.

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While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.

Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.

Frustration

Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.

Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.

Boredom

Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.

Tip: Open an online demo account and get your thrills without risking real money.