An elderly Tunisian man arrives with his wife to vote in a referendum on a draft constitution put forward by President Kais Saied, on July 25, 2022. AFP
An elderly Tunisian man arrives with his wife to vote in a referendum on a draft constitution put forward by President Kais Saied, on July 25, 2022. AFP
An elderly Tunisian man arrives with his wife to vote in a referendum on a draft constitution put forward by President Kais Saied, on July 25, 2022. AFP
An elderly Tunisian man arrives with his wife to vote in a referendum on a draft constitution put forward by President Kais Saied, on July 25, 2022. AFP


Does Tunisia's new constitution offer the turning point the country needs?


  • English
  • Arabic

July 26, 2022

A constitution lays out the guiding principles for any country. Its text is meant to stand the test of time. Yesterday, Tunisians went to the polls to cast their vote on a new constitution as the country continues to forge its way in a new political reality a decade after the end of President Zine El Abidine Ben Ali's reign.

Turnout was expected to be low, given the summer heat and the fact that most of the country’s political parties urged their supporters to boycott the vote. But the constitution, proposed by the country’s President, Kais Saied, is nonetheless expected to pass. Those voting in favour of it hope that it spurs sorely needed change in a country that for too long has been in the throes of political and economic crises.

The country’s previous constitution, passed in 2014, stood out for being the first in its history to be drafted by a diverse array of groups with competing political interests and priorities. Its passage with 200 votes in favour in the country’s 217-member Constituent Assembly was a victory for cross-party compromise.

But the rivalries, divisions, turmoil and corruption that have dogged Tunisian governments in the years since have shown the pitfalls of a founding document that, to a great extent, served to paper over the deep divisions between parties. Tunisia’s economy has been trapped in a persistent downward spiral – inflation is rampant; public debt is out of control; and youth unemployment is critically high. For most, the sheen that party politics took on after the popular uprising of 2011 has worn off.

If Tunisian parties' differences are reconcilable, nearly a decade under the current system has failed to show it

This explains the widespread popularity of Mr Saied, who came to power on an anti-corruption platform in 2019. A year ago, after Mr Saied sacked the government and suspended Parliament, his approval rating was more than 80 per cent. In September 2021, Mr Saied partially suspended the 2014 constitution, announcing his intention to put a “reshaped” model to a nationwide referendum.

The scale of Mr Saied’s self-decreed “extraordinary measures” has raised questions about checks and balances. Even so, a majority of Tunisians continue to support the President, hoping that his efforts, however extreme, to disentangle the Gordian knot of Tunisia’s political disarray, and to resuscitate the economy, will pay off.

While the need for a new constitution that brings dramatic change is clear, the shape of the document – as Mr Saied has previously implied – matters. As does the process by which it is realised.

And while there are questions about the level of power the executive branch of office will hold, Mr Saied has taken steps to preserve in the new constitution certain fundamental civil rights and freedoms, such as the right to protest, the freedom of belief and equality between the sexes. Many Tunisians had feared the erosion of the latter two under previous democratically elected, Islamist-led governments.

The old Tunisian constitution’s fatal flaw was that it made the country’s politics too wide a tent – extremist political parties captured the public square, and emptied the public purse fighting one another to advance their own, narrow interests. Mr Saied says his mission remains changing all of that. His new constitution certainly gives him the tools to do it, even if it does not immediately inspire confidence as a unifying document. If Tunisia is to eventually reach a place where positive changes last, the proof will come not only in this new constitution, but in how it is used.

COMPANY%20PROFILE
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Company%20Profile
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Squid Game season two

Director: Hwang Dong-hyuk 

Stars:  Lee Jung-jae, Wi Ha-joon and Lee Byung-hun

Rating: 4.5/5

FFP EXPLAINED

What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.

What the rules dictate? 
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.

What are the penalties? 
There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.

Results:

5pm: Maiden (PA) | Dh80,000 | 1,200 metres

Winner: Jabalini, Szczepan Mazur (jockey), Younis Kalbani (trainer)

5.30pm: UAE Arabian Derby (PA) | Prestige | Dh150,000 | 2,200m

Winner: Octave, Gerald Avranche, Abdallah Al Hammadi

6pm: Arabian Triple Crown Round 3 (PA) | Group 3 Dh300,000 | 2,200m

Winner: Harrab, Richard Mullen, Mohamed Ali

6.30pm: Emirates Championship (PA) | Group 1 | Dh1million | 2,200m

Winner: BF Mughader, Szczepan Mazur, Younis Al Kalbani

7pm: Abu Dhabi Championship (TB) | Group 3 | Dh380,000 | 2,200m

Winner: GM Hopkins, Patrick Cosgrave, Jaber Ramadhan

7.30pm: Wathba Stallions Cup (PA) | Conditions | Dh70,000 | 1,600m

Winner: AF La’Asae, Tadhg O’Shea, Ernst Oertel

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

MATCH INFO

Jersey 147 (20 overs) 

UAE 112 (19.2 overs)

Jersey win by 35 runs

While you're here
Who was Alfred Nobel?

The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

  • In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
  • Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
  • Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.

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.”

Cricket World Cup League 2

UAE squad

Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind

Fixtures

Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE

How to wear a kandura

Dos

  • Wear the right fabric for the right season and occasion 
  • Always ask for the dress code if you don’t know
  • Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work 
  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

  • Wear hamdania for work, always wear a ghutra and agal 
  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

Unresolved crisis

Russia and Ukraine have been locked in a bitter conflict since 2014, when Ukraine’s Kremlin-friendly president was ousted, Moscow annexed Crimea and then backed a separatist insurgency in the east.

Fighting between the Russia-backed rebels and Ukrainian forces has killed more than 14,000 people. In 2015, France and Germany helped broker a peace deal, known as the Minsk agreements, that ended large-scale hostilities but failed to bring a political settlement of the conflict.

The Kremlin has repeatedly accused Kiev of sabotaging the deal, and Ukrainian officials in recent weeks said that implementing it in full would hurt Ukraine.

Updated: July 26, 2022, 4:00 AM