The emir of Qatar Sheikh Hamad bin Khalifa Al Thani is greeted by the Tunisian president, Moncef Marzouki, right, during a visit to Tunis last weekend for the one-year commemoration of Zine El Abidine Ben Ali’s fall. He was joined by dignitaries from the UAE, Libya, Algeria, Morocco and elsewhere.
The emir of Qatar Sheikh Hamad bin Khalifa Al Thani is greeted by the Tunisian president, Moncef Marzouki, right, during a visit to Tunis last weekend for the one-year commemoration of Zine El Abidine Ben Ali’s fall. He was joined by dignitaries from the UAE, Libya, Algeria, Morocco and elsewhere.
The emir of Qatar Sheikh Hamad bin Khalifa Al Thani is greeted by the Tunisian president, Moncef Marzouki, right, during a visit to Tunis last weekend for the one-year commemoration of Zine El Abidine Ben Ali’s fall. He was joined by dignitaries from the UAE, Libya, Algeria, Morocco and elsewhere.
The emir of Qatar Sheikh Hamad bin Khalifa Al Thani is greeted by the Tunisian president, Moncef Marzouki, right, during a visit to Tunis last weekend for the one-year commemoration of Zine El Abidine

Tunis gains allure as a new laboratory for democracy


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  • Arabic

TUNIS // One afternoon last week, Ursula Schulze Aboubacar returned to her Tunis office smiling with satisfaction after a meeting long deemed unthinkable: a sit-down with a Tunisian interior minister.

During decades of authoritarian rule here, visitors such as Mrs Aboubacar, who heads the new Tunis office of the United Nations High Commission for Refugees (UNHCR), were not welcome.

That changed last year with the toppling of the president, Zine El Abidine Ben Ali. Today, with a growing traffic of world leaders, international institutions and civil society, this former police state is emerging as a regional hub of free discourse, a laboratory for democracy.

With just 10 million people and modest oil resources, "Tunisia's importance is moral and symbolic," said John Entelis, the head of the Middle East Studies programme at Fordham University in New York. "It's the first Arab country to achieve the overthrow of its dictator."

Last October, Tunisians voting freely for the first time ushered in a coalition interim government of the moderate Islamist Ennahda party and two secularist parties.

"The world, in particular the Arab world, will be watching carefully to see whether the experiment works," Mr Entelis said.

That experiment could offer lessons for other Arab countries, notably Egypt and Libya, where long-persecuted Islamists now stand to gain a degree of power in their first free elections.

For Arab leaders, Tunisia's once sleepy capital beckons increasingly as a place to make friends and influence people.

Last weekend dignitaries from Algeria, Qatar, the UAE, Libya, Morocco and elsewhere flocked to Tunis for the one-year commemoration of Ben Ali's fall.

The city has also played host recently to the Hamas prime minister of Gaza, Ismail Haniyeh, and Syrian opponents of their country's president, Bashar Al Assad.

While Tunisia's governing parties ran on pledges to honour the country's Arab-Muslim heritage, it remains unclear how that might affect foreign policy long geared towards Europe.

One sign of a shift would be greater focus on the Arab Maghreb Union (AMU), a planned North African trading bloc stalled mainly by Moroccan-Algerian bickering over the disputed territory of Western Sahara, Mr Entelis said.

Last week Tunisia's national assembly speaker, Mustapha Ben Jaafar, and his Moroccan counterpart, Karim Ghalleb, called for progress on the AMU while meeting in Tunis.

The more such dialogue takes place, the keener are European countries to strengthen trade across the Mediterranean.

The European Union backs the AMU as a step towards economic integration with Europe, said Lorenzo Kluzer, the chief political officer at the EU's office in Tunis. "Instead of dealing separately with each country, we could deal directly with a union."

Tunisia could play a leading role in such integration as the EU vows support for Arab countries that strengthen democracy, Mr Kluzer said. On that score, "there's no doubt that Tunisia has done the most."

In the past, cities such as Beirut and Doha have been seen as oases of openness in a mistrustful region, said Mr Entelis.

"For the moment, Tunisia is more open than any Arab country," he said. "And it's seen as more authentically open because it has happened through democracy."

Tunisia's leaders have pledged to reform state institutions inherited from Ben Ali's regime, while the national assembly is to draft a new constitution ahead of elections expected in about a year.

For Mrs Aboubacar, interim authorities have already proved a welcome change from Ben Ali's regime, which refused the UNHCR official recognition and largely snubbed its four officers in Tunis.

Following Ben Ali's removal, war in Libya threw the new Tunisia onto a steep learning curve in handling refugees as tens of thousands arrived seeking housing, food and medical care.

"They could easily have closed the border, but they kept it open," said Mrs Aboubacar, whose agency worked with Tunisia's army and interim government to set up a refugee camp.

The UNHCR signed a cooperation agreement with Tunisia last June and last month opened a new office in Tunis with more than 30 staff including officers whose work spans North Africa.

The agency is helping Tunisia draft laws defining the rights of refugees and asylum seekers, Mrs Aboubacar said. "In my view, this really shows that there's a different mindset."

Tunisia's new openness has also made it a popular rendezvous for civil society from around the region, with Tunis hotels often doubling as conference venues.

This month Canal France International (CFI), a French media support agency funded by France's foreign ministry, partnered Tunisian media NGOs and the news website Tunisia Live for a two-day conference in Tunis on media freedoms and online journalism.

"Tunisia is a good laboratory; you can speak freely and be heard by the world," said Eric Soulier, CFI's Mediterranean and Asia director. "The conference was well-followed on Twitter."

Such changes are taking place amid "the reconfiguration of political life," he said, citing protests by Tunisian journalists this month against the government's appointment of state media directors.

"There's no Tunisian model yet," said Mr Soulier. "It's being created."

jthorne@thenational.ae

The most expensive investment mistake you will ever make

When is the best time to start saving in a pension? The answer is simple – at the earliest possible moment. The first pound, euro, dollar or dirham you invest is the most valuable, as it has so much longer to grow in value. If you start in your twenties, it could be invested for 40 years or more, which means you have decades for compound interest to work its magic.

“You get growth upon growth upon growth, followed by more growth. The earlier you start the process, the more it will all roll up,” says Chris Davies, chartered financial planner at The Fry Group in Dubai.

This table shows how much you would have in your pension at age 65, depending on when you start and how much you pay in (it assumes your investments grow 7 per cent a year after charges and you have no other savings).

Age

$250 a month

$500 a month

$1,000 a month

25

$640,829

$1,281,657

$2,563,315

35

$303,219

$606,439

$1,212,877

45

$131,596

$263,191

$526,382

55

$44,351

$88,702

$177,403

 

David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

Tenet

Director: Christopher Nolan

Stars: John David Washington, Robert Pattinson, Elizabeth Debicki, Dimple Kapadia, Michael Caine, Kenneth Branagh 

Rating: 5/5

The specs

Engine: 3.8-litre V6

Power: 295hp at 6,000rpm

Torque: 355Nm at 5,200rpm

Transmission: 8-speed auto

Fuel consumption: 10.7L/100km

Price: Dh179,999-plus

On sale: now 

Results:

First Test: New Zealand 30 British & Irish Lions 15

Second Test: New Zealand 21 British & Irish Lions 24

Third Test: New Zealand 15 British & Irish Lions 15

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

NEW%20UTILITY%20POLICY%3A%20WHAT%20DOES%20IT%20REGULATE%3F
%3Cp%3E%E2%80%A2%20Agreements%20on%20energy%20and%20water%20supply%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Applied%20service%20fees%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Customer%20data%20and%20information%20privacy%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Prohibition%20of%20service%20disconnections%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Customer%20complaint%20process%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Management%20of%20debts%20and%20customers%20in%20default%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Services%20provided%20to%20people%20of%20determination%20and%20home%20care%20customers%3C%2Fp%3E%0A
Titanium Escrow profile

Started: December 2016
Founder: Ibrahim Kamalmaz
Based: UAE
Sector: Finance / legal
Size: 3 employees, pre-revenue  
Stage: Early stage
Investors: Founder's friends and Family

Some of Darwish's last words

"They see their tomorrows slipping out of their reach. And though it seems to them that everything outside this reality is heaven, yet they do not want to go to that heaven. They stay, because they are afflicted with hope." - Mahmoud Darwish, to attendees of the Palestine Festival of Literature, 2008

His life in brief: Born in a village near Galilee, he lived in exile for most of his life and started writing poetry after high school. He was arrested several times by Israel for what were deemed to be inciteful poems. Most of his work focused on the love and yearning for his homeland, and he was regarded the Palestinian poet of resistance. Over the course of his life, he published more than 30 poetry collections and books of prose, with his work translated into more than 20 languages. Many of his poems were set to music by Arab composers, most significantly Marcel Khalife. Darwish died on August 9, 2008 after undergoing heart surgery in the United States. He was later buried in Ramallah where a shrine was erected in his honour.

Januzaj's club record

Manchester United 50 appearances, 5 goals

Borussia Dortmund (loan) 6 appearances, 0 goals

Sunderland (loan) 25 appearances, 0 goals

Sri Lanka-India Test series schedule

1st Test July 26-30 in Galle

2nd Test August 3-7 in Colombo

3rd Test August 12-16 in Pallekele

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.”

'Cheb%20Khaled'
%3Cp%3E%3Cstrong%3EArtist%3A%20%3C%2Fstrong%3EKhaled%3Cbr%3E%3Cstrong%3ELabel%3A%20%3C%2Fstrong%3EBelieve%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A

Name: Brendalle Belaza

From: Crossing Rubber, Philippines

Arrived in the UAE: 2007

Favourite place in Abu Dhabi: NYUAD campus

Favourite photography style: Street photography

Favourite book: Harry Potter

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

 

FIRST TEST SCORES

England 458
South Africa 361 & 119 (36.4 overs)

England won by 211 runs and lead series 1-0

Player of the match: Moeen Ali (England)

 

Age 26

Born May 17, 1991

Height 1.80 metres

Birthplace Sydney, Australia

Residence Eastbourne, England

Plays Right-handed

WTA titles 3

Prize money US$5,761,870 (Dh21,162,343.75)

Wins / losses 312 / 181

How to donate

Text the following numbers:

2289 - Dh10

6025 - Dh 20

2252 - Dh 50

2208 - Dh 100

6020 - Dh 200 

*numbers work for both Etisalat and du

SERIES SCHEDULE

First Test, Galle International Stadium
July 26-30
Second Test, Sinhalese Sports Club Ground
August 3-7
Third Test, Pallekele International Cricket Stadium
August 12-16
First ODI, Rangiri Dambulla International Stadium
August 20
Second ODI, Pallekele International Cricket Stadium
August 24
Third ODI, Pallekele International Cricket Stadium
August 27
Fourth ODI, R Premadasa Stadium
August 31
Fifth ODI, R Premadasa Stadium
September 3
T20, R Premadasa Stadium
September 6

UAE currency: the story behind the money in your pockets
Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5