Participants at the World Social Forum dance to drum beats on the sidelines of the event in Tunis.
Participants at the World Social Forum dance to drum beats on the sidelines of the event in Tunis.

'Tunisia may need a second revolution'



TUNIS // A group of young men sporting berets and goatees stand under a string of Tunisian flags, checking the badges of streams of people pouring into Manara University in Tunis.

Reggae music hymning peace blasts out of speakers nearby, competing with noise from the "Free Palestine" tent village and enlivening a game of volleyball between young men and women from different countries, dreadlocks flying as they leap for the ball.

Welcome, comrade, to the World Social Forum, an annual conference of activists, social movements and others calling for a better world order. This year, the banners with slogans of peace, freedom and activism in French, Arabic, Portuguese, English, are fluttering in Tunisia, birthplace of the Arab uprisings and an immense inspiration to revolutionaries worldwide.

"Every year we have a theme, and here, the inspiration is the Arab revolution," says Valérie Brulant, who travelled from France to join tens of thousands of activists manning stalls and holding workshops.

The last forum she attended was in Senegal in 2011, weeks after the Tunisian protests had toppled the president, Zine El Abidine Ben Ali, and just as Egyptians were rising up to oust Hosni Mubarak.

"We are so happy for them even if, for the moment, it's not finished," Ms Brulant says of her fellow Tunisian activists. "It's not the world they were dreaming of yet."

She is right. Although many Tunisians participate enthusiastically in the forum's sessions - from cartoons to citizenship, feminism to farming - their country has faltered since its uprising.

There are bitter struggles between secular and Islamist political movements, who unified to overthrow an autocrat but then found themselves with little common ground.

With its riotous flourishing of ideologies, the event in Tunis, however, seems the ideal forum for a confused country such as Tunisia.

Khaleel Teber, one of the organisers of the forum, is a handsome young man with a large, serious eyes behind black-rimmed glasses. Speaking in the downtown headquarters of the forum, a noisy and not very efficient place, he says that the event would have been unthinkable under Ben Ali.

"It was a dictatorship, all that obsesses them is freedom of speech and people meeting each other, and learning to make their country better," he says. But although the new government, an interim body tasked with writing a new constitution, has encouraged the conference and helped organise it, Mr Teber has no love for his new leaders.

"I think there's a will of dictatorship in the ruling party now," he says. "It cannot be hidden." In the office of the youth committee of the forum are pictures of Chokri Belaid, a recently assassinated secular opponent of the government, which is dominated by the moderate Islamist group Ennahda. "The World Social Forum has to do something against them," he says forcefully.

Mr Teber hopes that Tunisia's divided opposition will meet more professional, organised movements at the congress, and compete strongly in elections which are tentatively scheduled for November.

The forum is sprawling, with a haphazard approach to scheduling and locations. The chances of anyone feeling more organised after attending it seem slim.

"We are living in a space for freedom and democracy," declares Lotfi Mechichi, the dean of the university hosting the event, gesturing proudly at a courtyard where some people are stamping gaily on an Israeli flag, others are setting up bongo drums and the Tunisian Association of Democratic Women leads a choir.

He acknowledges that there are strong differences of opinion here.

After a feminist rally at the opening of the event, a group of female scholars of Sharia stands outside distributing leaflets about the power of prayer and worrying about western influence on Tunisian women. Tunisian groups man stalls calling for greater democratic engagement, but a Turkish revolutionary socialist, Armazan Tulunay, a young woman with limpid agate eyes and a red kaffiyeh scarf, says that the Tunisians kicked out Ben Ali and maybe the time has come to kick out Ennahda, too.

"I think they need a second revolution," she says, dismissing the idea that an elected party has more legitimacy. "We prefer not to chose from bourgeois political parties."

But, says Mr Mechichi, the university dean, Tunisia these days - despite its growing problem of extremism, disillusioned leftist movement, ebbing police force and dubious judicial system - can handle these arguments and engage in debate. "This is the proof," he says, indicating the throngs around him.

"We are supporting strong messages," he adds. "How would we accept that after the revolution, there be no strong messages?"

ABU%20DHABI'S%20KEY%20TOURISM%20GOALS%3A%20BY%20THE%20NUMBERS
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NO OTHER LAND

Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
The Specs

Engine 3.8-litre, twin-turbo V8

Transmission: eight-speed automatic

Power: 582bhp (542bhp in GTS model)

Torque: 730Nm

Price: Dh649,000 (Dh549,000 for GTS) 

HIV on the rise in the region

A 2019 United Nations special analysis on Aids reveals 37 per cent of new HIV infections in the Mena region are from people injecting drugs.

New HIV infections have also risen by 29 per cent in western Europe and Asia, and by 7 per cent in Latin America, but declined elsewhere.

Egypt has shown the highest increase in recorded cases of HIV since 2010, up by 196 per cent.

Access to HIV testing, treatment and care in the region is well below the global average.  

Few statistics have been published on the number of cases in the UAE, although a UNAIDS report said 1.5 per cent of the prison population has the virus.

Test

Director: S Sashikanth

Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan

Star rating: 2/5

The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

Power: 420hp

Torque: 623Nm

Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

On sale: Now

The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

A MINECRAFT MOVIE

Director: Jared Hess

Starring: Jack Black, Jennifer Coolidge, Jason Momoa

Rating: 3/5

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 PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
At a glance

Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.

 

Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year

 

Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month

 

Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30 

 

Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse

 

Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth

 

Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances

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

CREW
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Wonka
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The biog

Name: Abeer Al Shahi

Emirate: Sharjah – Khor Fakkan

Education: Master’s degree in special education, preparing for a PhD in philosophy.

Favourite activities: Bungee jumping

Favourite quote: “My people and I will not settle for anything less than first place” – Sheikh Mohammed bin Rashid.