Search Site

Trends banner

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

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.