INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Tunisia’s opposition alliance to boycott December elections

Tunisian President Kais Saied.
  • The vote is set for nearly a year and a half after President Kais Saied suspended the Ennahdha-dominated assembly and sacked the government.
  • Saied was welcomed by many Tunisians tired of what they saw as a fractious and corrupt system established after the 2011 revolution.

Tunisia’s main opposition alliance said Wednesday its members including the once-powerful Ennahdha party would boycott December polls to replace a parliament dissolved by President Kais Saied.

The vote is set for nearly a year and a half after Saied suspended the Ennahdha-dominated assembly and sacked the government, later pushing through a constitution enshrining his one-man rule.

“The National Salvation Front has definitively decided to boycott the upcoming elections,” said Ahmed Nejib Chebbi, head of the front which is made up of parties and movements opposed to Saied.

He said the move was in response to an electoral law written “by Saied alone”, part of a “coup against constitutional legitimacy”.

Saied’s power grab was welcomed by many Tunisians tired of what they saw as a fractious and corrupt system established after the 2011 revolution.

But opposition forces say his moves, culminating in a new constitution confirmed by a widely boycotted July referendum, amount to a return to autocracy in the only democracy to have emerged from the Arab Spring.