Search Site

TAQA Q1 net income $571m

Net income fell $2.58bn due to one-off items recognized in 2023.

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

Tunisia speaker rejects president’s dissolution of parliament

A front view of Tunisian parliament in Tunis. (AFP)
  • "We consider that the parliament remains operational," Rached Ghannouchi told AFP in an interview.
  • Saied had dissolved the chamber on Wednesday, dealing another blow to the political system in place

The speaker of Tunisia’s parliament on Thursday rejected President Kais Saied’s dissolution of the assembly the previous day.

“We consider that the parliament remains operational,” Rached Ghannouchi told AFP in an interview.

“The president does not have the constitutional right to dissolve parliament.”

Saied had dissolved the chamber on Wednesday, dealing another blow to the political system in place since the North African country’s 2011 revolt which sparked the Arab Spring.

It came eight months after he sacked the government, froze parliament and seized sweeping powers, later moving to rule by decree in moves opponents have dubbed a “coup”.

The president’s announcement on Wednesday evening came hours after parliamentarians held a plenary session online — their first since Saied’s power grab — and voted through a bill against his “exceptional measures”.

Addressing his National Security Council, Saied said MPs who had taken part would be prosecuted.

But Ghannouchi, who heads the Islamist-inspired Ennahdha party that has dominated Tunisia’s post-revolution politics, Saied’s decision was “null and void because it contradicts the constitution”.

Many Tunisians welcomed Saied’s moves against political parties seen as self-serving and corrupt, but his moves have prompted accusations that he is moving the country back towards autocracy.