CAIRO // More than a year after the uprising that overthrew Zine El Abidine Ben Ali, Tunisian authorities have unveiled a draft preamble of a new constitution that refers to the Islamic foundations of the country and to "humanistic values".
In what politicians and analysts describe as a compromise, the document, released by the National Constituent Assembly last week, strikes a fine balance between the liberal and conservative ideas now competing to dominate the country's new politics.
But it does not mention Sharia, which some citizens have called for, but which Rached El Ghannouchi, the leader of the dominant Ennahda moderate Islamist party, ruled out earlier this year.
The short document is a prelude to the full constitution that is expected to be completed in draft form in October, and which is likely to be subject to intense scrutiny in Tunisia and in the Arab countries struggling to redefine themselves after the uprisings that changed the political landscape.
The preamble's limited but pointed references to Islam and human rights seem designed to fit around both Islamist ideology, which was repressed under Ben Ali, and the country's liberal activists and civil society campaigners.
Tensions between Islamist and secular-leaning groups also exist in Libya and Egypt, where the autocratic leaders, Muammar Qaddafi and Hosni Mubarak, were overthrown last year.
The constitution-writing process in the cradle of the Arab revolts will doubtless be watched carefully in those nations, said Duncan Pickard, a constitutional expert at the Democracy Reporting International.
"Tunisians definitely see themselves as potentially setting both positive and negative precedents, and they are taking the constitution-making process very seriously, not just for the country but for the rest of the world," said Mr Pickard. "Tunisians are real trendsetters."
Mr Pickard added that the preamble is also unorthodox in some ways. For instance, it includes a clause - which crowds of demonstrators have supported - calling for the rights of all people, including Palestinians, to determine their fates and liberate their lands.
It also stresses the importance of respecting the uprising and those who died in it.
The draft document has received a muted reaction in Tunisia, said Erik Churchill, a long-term resident of Tunis and political blogger. He suggested the lack of controversy may be due to the care taken to steer a middle path between religious and secularist ideologies, after months when activists from both sides have often taken to the streets.
"I think Ennahda was under a lot of pressure to make sure they made something that would not inflame tensions ... it takes a lot of nuance to walk this tightrope," said Mr Churchill, adding that rights groups have focused less on the constitution itself than on its implementation.
"The problem is not the law, the problem is how to guarantee the respect of the constitution," said Hedia Haouamem, an activist with the Tunisia Women's Union. "Under the old constitution, there were many laws on human rights, but the women suffered because there was no guarantee that the regime would respect the law."
The most prominent constitutional discussion now centres on Article One of the existing constitution, which defines the state religion as Islam, and which some legislators have said would likely give an Islamist tinge to legislation.
However, Ms Haouamem said she felt optimistic that Tunisia's new political framework would not embrace any of the more rigid strictures on women recommended by some Islamists who have staged demonstrations that have occasionally turned violent. "There are a good number of women working on the constitution," she said. "We have a good civil society who can propose many suggestions.
"There are some people who have behaved badly but the conservative parts of our society are a minority - everything will return to stability and we can solve this."
foreign.desk@thenational.ae
Business Insights
- As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses.
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Business Insights
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If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.
When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.
How to get there: Emirates currently flies from Dubai to Orlando five times a week.
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
More on Quran memorisation:
THE BIO
Family: I have three siblings, one older brother (age 25) and two younger sisters, 20 and 13
Favourite book: Asking for my favourite book has to be one of the hardest questions. However a current favourite would be Sidewalk by Mitchell Duneier
Favourite place to travel to: Any walkable city. I also love nature and wildlife
What do you love eating or cooking: I’m constantly in the kitchen. Ever since I changed the way I eat I enjoy choosing and creating what goes into my body. However, nothing can top home cooked food from my parents.
Favorite place to go in the UAE: A quiet beach.
THE SPECS
Engine: 6.75-litre twin-turbocharged V12 petrol engine
Power: 420kW
Torque: 780Nm
Transmission: 8-speed automatic
Price: From Dh1,350,000
On sale: Available for preorder now
The specs: 2018 Harley-Davidson Fat Boy
Price, base / as tested Dh97,600
Engine 1,745cc Milwaukee-Eight v-twin engine
Transmission Six-speed gearbox
Power 78hp @ 5,250rpm
Torque 145Nm @ 3,000rpm
Fuel economy, combined 5.0L / 100km (estimate)
SPECS
Engine: 4-litre V8 twin-turbo
Power: 630hp
Torque: 850Nm
Transmission: 8-speed Tiptronic automatic
Price: From Dh599,000
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Company%20Profile
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How tumultuous protests grew
- A fuel tax protest by French drivers appealed to wider anti-government sentiment
- Unlike previous French demonstrations there was no trade union or organised movement involved
- Demonstrators responded to online petitions and flooded squares to block traffic
- At its height there were almost 300,000 on the streets in support
- Named after the high visibility jackets that drivers must keep in cars
- Clashes soon turned violent as thousands fought with police at cordons
- An estimated two dozen people lost eyes and many others were admitted to hospital
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MATCH INFO
Uefa Champions League, last 16, first leg
Liverpool v Bayern Munich, midnight (Wednesday), BeIN Sports
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Kanguva
Director: Siva
Stars: Suriya, Bobby Deol, Disha Patani, Yogi Babu, Redin Kingsley
From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
SPECS
Engine: Two-litre four-cylinder turbo
Power: 235hp
Torque: 350Nm
Transmission: Nine-speed automatic
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MATCH INFO
Day 2 at the Gabba
Australia 312-1
Warner 151 not out, Burns 97, Labuschagne 55 not out
Pakistan 240
Shafiq 76, Starc 4-52
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The biog
Family: Parents and four sisters
Education: Bachelor’s degree in business management and marketing at American University of Sharjah
A self-confessed foodie, she enjoys trying out new cuisines, her current favourite is the poke superfood bowls
Likes reading: autobiographies and fiction
Favourite holiday destination: Italy
Posts information about challenges, events, runs in other emirates on the group's Instagram account @Anagowrunning
Has created a database of Emirati and GCC sportspeople on Instagram @abeermk, highlight: Athletes
Apart from training, also talks to women about nutrition, healthy lifestyle, diabetes, cholesterol, blood pressure
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.”
JAPANESE GRAND PRIX INFO
Schedule (All times UAE)
First practice: Friday, 5-6.30am
Second practice: Friday, 9-10.30am
Third practice: Saturday, 7-8am
Qualifying: Saturday, 10-11am
Race: Sunday, 9am-midday
Race venue: Suzuka International Racing Course
Circuit Length: 5.807km
Number of Laps: 53
Watch live: beIN Sports HD
The specs
Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
Price: From Dh139,000
On sale: Now
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