Hundreds of Tunisians demonstrated in a working-class district of Tunis on Tuesday, demanding government support and protesting against a week-long lockdown.
Demonstrators said the measures to fight the coronavirus in the country disproportionately affected the poor.
“Never mind coronavirus, we’re going to die anyway. Let us work,” shouted one protester, a bricklayer.
“Let me at least bring bread home for my children.”
In poor areas such as Mnilha and Ettadhamen on the outskirts of the Tunisian capital, health care is limited and many day labourers have no income because of the coronavirus measures.
“I haven’t worked in 15 days,” Sabiha said.
On Monday, residents marched to the local government office to demand welfare payments and permits to leave their homes.
Some even blocked roads and burnt tyres.
Tunisia has reported 423 cases of Covid-19, including 12 deaths.
On March 21, Tunisian Prime Minister Elyes Fakhfakh announced a 150 million dinar (Dh192.5m) economic support package for those worst affected by the lockdown, but did not say when it would be distributed.
On Monday, the Ministry of Social Affairs announced payments would be distributed from March 21 until April 6, causing a rush to local government offices to register.
The announcements came after the EU said it would send a €250m (Dh1.006 trillion) grant to help fight the virus and soften the socio-economic effects.
The bloc’s enlargement commissioner, Oliver Varhelyi, pledged the aid in a call with Tunisia’s Foreign Minister Noureddine Erray, their joint statement said.
“We’re trying to tackle the epidemic but every day it’s the same and they’re gathering in front of the office," Mnilha councillor Imed Farhat said.
“We’re asking law enforcement to intervene. But what can we do? We have to listen to them.”
Police have arrested 1,119 people for breaching a night-time curfew that has been in effect since March 17, Interior Ministry spokesman Khaled Ayouni said.
Another 242 people were arrested for breaching lockdown orders put in place on March 22, Mr Ayouni said.
He did not say how many were still detained.
“Anyone who breaks the security rules will be treated as a criminal because failing to respect rules within the context of the pandemic is a crime," Interior Minister Hichem Mechichi said.
As of last week, 412 cafes, bars and restaurants were forced to close.
A curfew between 6pm and 6am was enforced from March 18, and daytime restrictions took effect, allowing movement only in cases of “extreme necessity", such as work in critical sectors.
The army is assisting the police to enforce the restr ictions.
On Tuesday, the Tunisian presidency announced it would release 1,420 prisoners to alleviate crowding in prisons.
President Kais Saied also ordered measures to improve sanitation in jails.
The pandemic has halted tourism, a large sector for Tunisia, and businesses and non-essential activities have been closed since March 4.
Originally scheduled to end on April 4, the lockdown was extended for another 15 days on Tuesday evening.
That prolongs the lockdown to shortly before the start of Ramadan, when economic life normally slows and socialising increases.
Sitting at home, tens of thousands of Tunisians have been tuning in to watch actress Nermine Sfar belly dancing in her living room with the message: “Stay at home and I’ll dance for you."
Clad in a figure-hugging dress, Sfar shakes her hips and twirls to Arabic pop music in front of an incongruous brown sofa.
About 130,000 people watched one video live on her Facebook page.
Sfar was already popular on social media before the outbreak, with tens of thousands of followers.
On the first day she performed two weeks ago, before the lockdown was announced, she donned a surgical mask and gloves over her dancing costume and told everyone to follow government advice to stay at home as she prepared to perform.
Sfar's message appeared to get through where the pleas of politicians did not, drawing interest from tens of thousands of people and a cascade of humorous comments.
She then pledged a nightly “corona dance". When she failed to perform one night, thousands of messages went up from fans begging her to return to their screens.
Another dancer, Rochdi Belgassmi, started to perform his own home routines and also attracted tens of thousands of viewers.
“I know it is difficult to stay at home and be confined in one’s place, but we can try to create a warm atmosphere in our homes," Sfar told Reuters.
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.”
UAE tour of the Netherlands
UAE squad: Rohan Mustafa (captain), Shaiman Anwar, Ghulam Shabber, Mohammed Qasim, Rameez Shahzad, Mohammed Usman, Adnan Mufti, Chirag Suri, Ahmed Raza, Imran Haider, Mohammed Naveed, Amjad Javed, Zahoor Khan, Qadeer Ahmed
Fixtures:
Monday, 1st 50-over match
Wednesday, 2nd 50-over match
Thursday, 3rd 50-over match
UAE currency: the story behind the money in your pockets
THE SPECS
Engine: 2.0-litre 4-cylinder turbo
Power: 275hp at 6,600rpm
Torque: 353Nm from 1,450-4,700rpm
Transmission: 8-speed dual-clutch auto
Top speed: 250kph
Fuel consumption: 6.8L/100km
On sale: Now
Price: Dh146,999
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The specs
Engine: 1.6-litre 4-cyl turbo
Power: 217hp at 5,750rpm
Torque: 300Nm at 1,900rpm
Transmission: eight-speed auto
Price: from Dh130,000
On sale: now