A police officer stands guard outside the Parliament building in Tunisia's capital Tunis, following President Kais Saied's move to suspend the legislature. Reuters
A police officer stands guard outside the Parliament building in Tunisia's capital Tunis, following President Kais Saied's move to suspend the legislature. Reuters
A police officer stands guard outside the Parliament building in Tunisia's capital Tunis, following President Kais Saied's move to suspend the legislature. Reuters
A police officer stands guard outside the Parliament building in Tunisia's capital Tunis, following President Kais Saied's move to suspend the legislature. Reuters

Tunisian MP and influential blogger Yassine Ayari imprisoned


Erin Clare Brown
  • English
  • Arabic

Independent Tunisian MP Yassine Ayari, an influential blogger during the 2011 uprising and active critic of both the military and the government, was arrested on Friday and sentenced to two months in jail, the General State Agency for Military Justice reported.

In a press release, the agency said Mr Ayari was jailed for a 2018 verdict against him in the Military Court of Appeal for “participating in an act aimed at destroying the morale of the army” after he published Facebook posts that were critical of the military.

Mr Ayari was taken from his home on Friday morning, one day after President Kais Saied signed a decree lifting immunity from prosecution for parliamentarians.

“Yassine Ayari was kidnapped from in front of his house and taken without invoking any document, judicial permission or informing his wife of where he was taken by a large group of aids defining themselves as 'presidential security'," Mr Ayari's political party, the Amal Movement, said in a statement.

Before being elected to the Tunisian Parliament as an independent in 2017, Mr Ayari had several times been tried and sentenced in military courts, despite being a civilian, for criticising the military and mocking its top brass online.

Mr Ayari spent more than four months in prison in 2015 after a military court convicted him of defaming the military high command on his Facebook account.

In 2018, an investigation was opened by a military court into whether he “published a Facebook post containing expressions likely to undermine the dignity of the military institution by criticising the decisions of its high commanders, in addition to defaming the president of the Republic, the commander of the military forces”.

The investigation led to a conviction for “defaming the army” due to a Facebook post made more than a year earlier which called then-president Beji Caid Essebsi a “clown” and claimed he used the military to suppress the population. Mr Ayari was sentenced to two months in prison.

Because Tunisian members of Parliament enjoyed prosecutorial immunity, Mr Ayari did not serve his sentence.

Then newly-elected Tunisian Assembly member Yassine Ayari gestures while standing during a session in the capital Tunis on February 15, 2018. AFP
Then newly-elected Tunisian Assembly member Yassine Ayari gestures while standing during a session in the capital Tunis on February 15, 2018. AFP

Mr Ayari was arrested and jailed for the 2018 charges after Mr Saied suspended parliamentary immunity Thursday, a promise he had campaigned on when elected in a landslide in 2019.

The independent MP has been openly critical of Mr Saied's recent move to freeze Parliament, sack the government and assume sole control of the country.

His recent posts to Facebook include a series under the title “Updates from a Populist Military Monarchy".

“This is a coup against the whole constitution,” Mr Ayari wrote on Facebook on Tuesday. “[Mr Saied] made a constitution by himself and he is enforcing it with guns.”

Mr Saied has denied staging a coup and said this week that those who describe it as such need to “revise [their] constitutional lessons”.

A statement published on Facebook by Mokhtar Jemai, Mr Ayari's lawyer, said that Mr Ayari still has outstanding legal issues with the military court that were previously scheduled to be heard in October.

He said Mr Ayari's arrest on Friday “came for his recent opinions".

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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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Updated: September 28, 2021, 11:16 AM