Opponents say President Kais Saied is seeking to reinstall an autocracy in the birthplace of the 2011 Arab uprisings. AP
Opponents say President Kais Saied is seeking to reinstall an autocracy in the birthplace of the 2011 Arab uprisings. AP
Opponents say President Kais Saied is seeking to reinstall an autocracy in the birthplace of the 2011 Arab uprisings. AP
Opponents say President Kais Saied is seeking to reinstall an autocracy in the birthplace of the 2011 Arab uprisings. AP

Tunisian President Kais Saied vows 'zero tolerance' of referendum fraud


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Tunisian President Kais Saied has said there will be “zero tolerance” for anyone who tries to derail a referendum on a controversial new constitution later this month.

Mr Saied said on Monday all parties should adhere to "neutrality" and must pay attention to "multiple attempts to infiltrate registration processes".

"There is no room for tolerance with those who want to thwart the referendum," he said during a meeting with Farouk Bouaskar, head of the Independent High Authority for Elections, at the Carthage Palace.

Mr Saied has warned of attempted electoral fraud in the coming vote, claiming the authorities have detected manipulation as voters register at polling centres before the referendum.

It comes after the Tunisian opposition renewed calls on Monday for a boycott of the July 25 referendum, despite the publication of an amended draft of the proposed constitution.

The draft constitution is the centrepiece of Mr Saied's programme to overhaul Tunisia's political system.

Rivals say the text confirms fears he is seeking to reinstall an autocracy in the birthplace of the 2011 Arab uprisings.

"We call on Tunisians to boycott this illegal, unconstitutional process that aims to legitimise a coup d'etat," veteran opposition figure Ahmed Nejib Chebbi told AFP.

Mr Chebbi said rights and freedoms would be threatened if the charter was approved.

"For me it's the quintessential bad constitution," he said.

Veteran opposition figure Ahmed Nejib Chebbi has called for a boycott of an 'illegal, unconstitutional process'. AFP
Veteran opposition figure Ahmed Nejib Chebbi has called for a boycott of an 'illegal, unconstitutional process'. AFP

Mr Chebbi's National Salvation Front includes five political parties, among them Mr Saied's nemesis the Ennahdha party, along with five civil society groups involving independent political figures.

It was formed in April, months after Mr Saied, a former law professor elected in 2019 amid public anger against the political class, sacked the government and suspended parliament, later seizing far-reaching legislative and judicial powers.

Mr Saied's initial power grab was welcomed by many Tunisians sick of the often-deadlocked post-revolution political system.

But critics have said his moves risk a return to autocracy, a decade after the 2011 overthrow of Zine El Abidine Ben Ali in a popular revolt.

  • Protesters in Tunis try to break through security barriers to reach the headquarters of the Independent High Authority for Elections during a demonstration against Tunisian President Kais Saied. All photos: EPA
    Protesters in Tunis try to break through security barriers to reach the headquarters of the Independent High Authority for Elections during a demonstration against Tunisian President Kais Saied. All photos: EPA
  • A demonstrator holds a sign reading 'the organisation of the president = the organisation of fraud' during a demonstration in Tunis. EPA
    A demonstrator holds a sign reading 'the organisation of the president = the organisation of fraud' during a demonstration in Tunis. EPA
  • The leader of Tunisia's Popular Front party, Hamma Hammami, shouts slogans during a demonstration against President Kais Saied and a referendum on a new constitution to be held on July 25. EPA
    The leader of Tunisia's Popular Front party, Hamma Hammami, shouts slogans during a demonstration against President Kais Saied and a referendum on a new constitution to be held on July 25. EPA
  • Tunisians shout slogans against President Kais Saied in Tunis. EPA
    Tunisians shout slogans against President Kais Saied in Tunis. EPA
  • Protesters try to break through security barriers to reach the entrance to the headquarters of the Independent High Authority for Elections in Tunis. EPA
    Protesters try to break through security barriers to reach the entrance to the headquarters of the Independent High Authority for Elections in Tunis. EPA

The process of writing the constitution has also come under fire.

The legal expert who oversaw the constitution's drafting has disavowed it, saying it was "completely different" from what his committee had submitted and warning that some articles could "pave the way for a dictatorial regime".

Last week, Mr Saied published an amended draft, apparently attempting to ward off criticism after the original was criticised for the nearly unlimited power it gave his office.

On Monday, Jawhar Ben Mbarek, leader of Citizens Against the Coup, urged Tunisians to "massively reject this referendum".

"We reject the entire process," he told AFP. "We are committed to the 2014 constitution, which we consider to be the only legal constitution, representative of the will of the Tunisian people."

The EU called Monday for an "inclusive national dialogue", saying it would be "a cornerstone of any credible constitutional process and long-term stability".

"It is essential to bring together the widest possible spectrum of political and societal actors in addressing the political, economic and social challenges the country is facing," said EU foreign policy chief Josep Borrell's office.

'A catastrophe in public finances'

The country's economy has been dealt a huge blow by Russia's war in Ukraine, according to a report in the Financial Times on Tuesday.

Increases in global food and energy prices sparked by the conflict pushed inflation up to a record 8.1 per cent in June, the report said, creating a heavier burden on people who were already living through an economic crisis.

Living standards in Tunisia have plummeted over the past decade since the 2011 uprisings.

Increasing costs for wheat and oil imports have put further strain on a government heavily in debt. The country subsidises bread and fuel for its 12 million people.

Fadhel Abdel Kefi, a former investment minister and leader of the opposition Afek Tunis party, told the Financial Times: “Since independence in 1956, we have not lived a catastrophe in public finances like the one we have been experiencing since 2020.

“The government owes money to milk producers, bakers and construction companies."

The%C2%A0specs%20
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COMPANY%20PROFILE%20
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Five famous companies founded by teens

There are numerous success stories of teen businesses that were created in college dorm rooms and other modest circumstances. Below are some of the most recognisable names in the industry:

  1. Facebook: Mark Zuckerberg and his friends started Facebook when he was a 19-year-old Harvard undergraduate. 
  2. Dell: When Michael Dell was an undergraduate student at Texas University in 1984, he started upgrading computers for profit. He starting working full-time on his business when he was 19. Eventually, his company became the Dell Computer Corporation and then Dell Inc. 
  3. Subway: Fred DeLuca opened the first Subway restaurant when he was 17. In 1965, Mr DeLuca needed extra money for college, so he decided to open his own business. Peter Buck, a family friend, lent him $1,000 and together, they opened Pete’s Super Submarines. A few years later, the company was rebranded and called Subway. 
  4. Mashable: In 2005, Pete Cashmore created Mashable in Scotland when he was a teenager. The site was then a technology blog. Over the next few decades, Mr Cashmore has turned Mashable into a global media company.
  5. Oculus VR: Palmer Luckey founded Oculus VR in June 2012, when he was 19. In August that year, Oculus launched its Kickstarter campaign and raised more than $1 million in three days. Facebook bought Oculus for $2 billion two years later.
Company%20Profile
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ROUTE%20TO%20TITLE
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Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

Company profile

Company name: Dharma

Date started: 2018

Founders: Charaf El Mansouri, Nisma Benani, Leah Howe

Based: Abu Dhabi

Sector: TravelTech

Funding stage: Pre-series A 

Investors: Convivialite Ventures, BY Partners, Shorooq Partners, L& Ventures, Flat6Labs

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

COMPANY%20PROFILE
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Schedule:

Sept 15: Bangladesh v Sri Lanka (Dubai)

Sept 16: Pakistan v Qualifier (Dubai)

Sept 17: Sri Lanka v Afghanistan (Abu Dhabi)

Sept 18: India v Qualifier (Dubai)

Sept 19: India v Pakistan (Dubai)

Sept 20: Bangladesh v Afghanistan (Abu Dhabi) Super Four

Sept 21: Group A Winner v Group B Runner-up (Dubai) 

Sept 21: Group B Winner v Group A Runner-up (Abu Dhabi)

Sept 23: Group A Winner v Group A Runner-up (Dubai)

Sept 23: Group B Winner v Group B Runner-up (Abu Dhabi)

Sept 25: Group A Winner v Group B Winner (Dubai)

Sept 26: Group A Runner-up v Group B Runner-up (Abu Dhabi)

Sept 28: Final (Dubai)

Company Profile

Name: JustClean

Based: Kuwait with offices in other GCC countries

Launch year: 2016

Number of employees: 130

Sector: online laundry service

Funding: $12.9m from Kuwait-based Faith Capital Holding

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.”

Company%20profile
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Biog

Mr Kandhari is legally authorised to conduct marriages in the gurdwara

He has officiated weddings of Sikhs and people of different faiths from Malaysia, Sri Lanka, Russia, the US and Canada

Father of two sons, grandfather of six

Plays golf once a week

Enjoys trying new holiday destinations with his wife and family

Walks for an hour every morning

Completed a Bachelor of Commerce degree in Loyola College, Chennai, India

2019 is a milestone because he completes 50 years in business

 

The specs

Engine: 4-litre twin-turbo V8

Transmission: nine-speed

Power: 542bhp

Torque: 700Nm

Price: Dh848,000

On sale: now

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

Muslim Council of Elders condemns terrorism on religious sites

The Muslim Council of Elders has strongly condemned the criminal attacks on religious sites in Britain.

It firmly rejected “acts of terrorism, which constitute a flagrant violation of the sanctity of houses of worship”.

“Attacking places of worship is a form of terrorism and extremism that threatens peace and stability within societies,” it said.

The council also warned against the rise of hate speech, racism, extremism and Islamophobia. It urged the international community to join efforts to promote tolerance and peaceful coexistence.

Other acts on the Jazz Garden bill

Sharrie Williams
The American singer is hugely respected in blues circles due to her passionate vocals and songwriting. Born and raised in Michigan, Williams began recording and touring as a teenage gospel singer. Her career took off with the blues band The Wiseguys. Such was the acclaim of their live shows that they toured throughout Europe and in Africa. As a solo artist, Williams has also collaborated with the likes of the late Dizzy Gillespie, Van Morrison and Mavis Staples.
Lin Rountree
An accomplished smooth jazz artist who blends his chilled approach with R‘n’B. Trained at the Duke Ellington School of the Arts in Washington, DC, Rountree formed his own band in 2004. He has also recorded with the likes of Kem, Dwele and Conya Doss. He comes to Dubai on the back of his new single Pass The Groove, from his forthcoming 2018 album Stronger Still, which may follow his five previous solo albums in cracking the top 10 of the US jazz charts.
Anita Williams
Dubai-based singer Anita Williams will open the night with a set of covers and swing, jazz and blues standards that made her an in-demand singer across the emirate. The Irish singer has been performing in Dubai since 2008 at venues such as MusicHall and Voda Bar. Her Jazz Garden appearance is career highlight as she will use the event to perform the original song Big Blue Eyes, the single from her debut solo album, due for release soon.

UAE currency: the story behind the money in your pockets
Updated: June 14, 2023, 7:21 AM