Tunisia's Ennahda-led government has to balance new freedoms with old strengths
In an opinion article for Abu Dhabi's newspaper Al Ittihad, the Mauritanian writer Assayed Wildabah reflected on the formation of the new Ennahda-led cabinet in Tunisia.
The formation of the coalition government reflects the outcome of the recent parliamentary elections in which the Islamists and their allies won the majority of seats. But the Tunisian public, which is still relishing the euphoria of the revolution, is awaiting every new development with a mixture of excitement and apprehension.
"It isn't easy for a country that, for the past 60 years has been ruled by the logic of supreme leadership, disciplinary authoritarianism and the one-party mentality to get quickly familiarised with the coalition and political partnerships," said the writer.
Tunisians have yet to get accustomed to the style of their democratically elected president Moncef Marzouki with his simple, down-to-earth attire and his honest, direct language.
Although the president has embarrassed his allies with his recurrent provocative statements, especially on foreign issues, and although some of his first decisions were too hasty, such as his decision to sell the presidential palaces, many are still wagering on him as an ethical guarantee for the democratic transition despite his limited authority.
In reality, as one of Tunisia's intellectuals said, Tunisia may indeed be in need of Mr Marzouki's humble persona, which should demystify the position of the president and remove the august aura that surrounded it for decades.
However, the new political equation in Tunisia isn't without its own problems that may affect the future of the country's democratic experience. The biggest challenge facing the new government is to reconcile between the demand for renovation and emancipation from the previous pattern of rule and safeguarding the gains and inheritance of the modern state as established by the independence leader Habib Bourgiba.
These gains are the solid educational system, the liberation of women and the creation of an infrastructure capable of attracting foreign investment.
There is also the fear of a possible clash between Ennahda and the public that is eager for immediate change and quick fixes.
"Although the Tunisian Islamists have been making big efforts to dispel the fears of civil society and the liberal faction about compulsory Islamification measures, the pages of daily newspapers still abound with articles and opinions expressing public concern about the Islamist rise and its possible impact on the Tunisian modern model," the writer concluded.
Salafist interview on Israel was inconsistent
Who cares if an Egyptian Salafist spoke to the Israeli military radio, what is important here is what he said and the repercussions of his statements in Egypt, in Israel and in the entire region. After all, the Islamists were the ones who started accusing anyone who dared to talk about peace and negotiations with Israel as treasonous, wrote Tariq Homayed, the editor of the London-based daily Asharq Alawsat.
The Islamist Nour party official Yussri Hammad's recent statements to an Israeli radio station sparked a wave of controversy in Egypt. His fellow party members have been adamantly defending him; some of them claim he was tricked by the Israeli reporter and others deny the statements altogether.
Mr Hammad said his party did not object to the peace treaty with Israel and that if there were any articles in the treaty that needed amendment, it could be done in negotiations. He added that Egypt was committed to previous agreements, including the peace treaty with Israel and that he welcomed all tourists arriving in Egypt, including Israelis.
"If the Salafist Islamic party, and before it the Islamic Brotherhood, admit to the Camp David Treaty and believe in negotiations, then why did they overwhelm the region with accusations of treason and westernisation?" asked the writer. "Why did they waste years and support wars if they respect peace treaties and negotiations?"
A shared responsibility on Palestinian issues
As the chief Palestinian negotiator Saeb Erekat announced that the situation of the Palestinian Authority will be subject to serious discussions next year to guarantee the international recognition of Palestinian statehood, we are all required to support steps that will ensure that Palestine's file remains in circulation in the relevant international institutions, said the Dubai-based daily Al Bayan in its editorial.
"Palestinians must press ahead in their efforts to claim their membership with the UN and, at the same time, they must seek to resume negotiations," said the paper.
The continuation of diplomatic efforts indicates that, although Palestinians are incapable at the moment of a military victory over Israel, they can pave the way to victory by accumulating points to their credit internationally, just as they did when they managed to gain membership in Unesco.
The US and its allies will not be able to continue to impose their policies and to terrorise other parts of the world. The year 2011 and its Arab Spring have dispelled the fear and broken the shackles that held people back from demanding their national rights, Al Bayan concluded.
* Digest compiled by Racha Makarem
rmakarem@thenational.ae
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LUKA CHUPPI
Director: Laxman Utekar
Producer: Maddock Films, Jio Cinema
Cast: Kartik Aaryan, Kriti Sanon, Pankaj Tripathi, Vinay Pathak, Aparshakti Khurana
Rating: 3/5
THE BIO
Favourite book: ‘Purpose Driven Life’ by Rick Warren
Favourite travel destination: Switzerland
Hobbies: Travelling and following motivational speeches and speakers
Favourite place in UAE: Dubai Museum
Emergency
Director: Kangana Ranaut
Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry
Rating: 2/5
UFC Fight Night 2
1am – Early prelims
2am – Prelims
4am-7am – Main card
7:30am-9am – press cons
Mica
Director: Ismael Ferroukhi
Stars: Zakaria Inan, Sabrina Ouazani
3 stars
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.”
Zayed Sustainability Prize
2025 Fifa Club World Cup groups
Group A: Palmeiras, Porto, Al Ahly, Inter Miami.
Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.
Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.
Group D: Flamengo, ES Tunis, Chelsea, Leon.
Group E: River Plate, Urawa, Monterrey, Inter Milan.
Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.
Group G: Manchester City, Wydad, Al Ain, Juventus.
Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.
Know your camel milk:
Flavour: Similar to goat’s milk, although less pungent. Vaguely sweet with a subtle, salty aftertaste.
Texture: Smooth and creamy, with a slightly thinner consistency than cow’s milk.
Use it: In your morning coffee, to add flavour to homemade ice cream and milk-heavy desserts, smoothies, spiced camel-milk hot chocolate.
Goes well with: chocolate and caramel, saffron, cardamom and cloves. Also works well with honey and dates.
TO A LAND UNKNOWN
Director: Mahdi Fleifel
Starring: Mahmoud Bakri, Aram Sabbah, Mohammad Alsurafa
Rating: 4.5/5
A State of Passion
Directors: Carol Mansour and Muna Khalidi
Stars: Dr Ghassan Abu-Sittah
Rating: 4/5
The specs
Engine: 2.3-litre, turbo four-cylinder
Transmission: 10-speed auto
Power: 300hp
Torque: 420Nm
Price: Dh189,900
On sale: now
Essentials
The flights: You can fly from the UAE to Iceland with one stop in Europe with a variety of airlines. Return flights with Emirates from Dubai to Stockholm, then Icelandair to Reykjavik, cost from Dh4,153 return. The whole trip takes 11 hours. British Airways flies from Abu Dhabi and Dubai to Reykjavik, via London, with return flights taking 12 hours and costing from Dh2,490 return, including taxes.
The activities: A half-day Silfra snorkelling trip costs 14,990 Icelandic kronur (Dh544) with Dive.is. Inside the Volcano also takes half a day and costs 42,000 kronur (Dh1,524). The Jokulsarlon small-boat cruise lasts about an hour and costs 9,800 kronur (Dh356). Into the Glacier costs 19,500 kronur (Dh708). It lasts three to four hours.
The tours: It’s often better to book a tailor-made trip through a specialist operator. UK-based Discover the World offers seven nights, self-driving, across the island from £892 (Dh4,505) per person. This includes three nights’ accommodation at Hotel Husafell near Into the Glacier, two nights at Hotel Ranga and two nights at the Icelandair Hotel Klaustur. It includes car rental, plus an iPad with itinerary and tourist information pre-loaded onto it, while activities can be booked as optional extras. More information inspiredbyiceland.com
RESULTS
5pm: Watha Stallions Cup Handicap (PA) Dh 70,000 (Dirt) 2,000m
Winner: Dalil De Carrere, Bernardo Pinheiro (jockey), Mohamed Daggash (trainer)
5.30pm: Maiden (TB) Dh 70,000 (D) 2,000m
Winner: Miracle Maker, Xavier Ziani, Salem bin Ghadayer
6pm: Maiden (PA) Dh 70,000 (D) 1,600m
Winner: Pharitz Al Denari, Bernardo Pinheiro, Mahmood Hussain
6.30pm: Maiden (PA) Dh 70,000 (D) 1,600m
Winner: Oss, Jesus Rosales, Abdallah Al Hammadi
7pm: Handicap (PA) Dh 70,000 (D) 1,400m
Winner: ES Nahawand, Fernando Jara, Mohamed Daggash
7.30pm: Maiden (PA) Dh 70,000 (D) 1,000m
Winner: AF Almajhaz, Abdul Aziz Al Balushi, Khalifa Al Neyadi
8pm: Maiden (PA) Dh 70,000 (D) 1,000m
Winner: AF Lewaa, Bernardo Pinheiro, Qaiss Aboud.
INDIA%20SQUAD
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