INSEAD Day 4 - 728x90

FAB profit edges higher

Income growth supports steady earnings.

UAB H1 profit climbs

Income, lending drive first-half growth

Sanad posts record revenue

Growth driven by global demand for services.

Bank of Sharjah profit up 39%

Bank's total assets grow 10% to $14.4 billion.

DIB H1 net profit $1bn

Gross revenue increased 10% year on year

Tunisian president rejects foreign election observers

Saied sacked the government in a 2021 power grab, and has since scrapped the post-revolution constitution. (AFP)
  • Saied in July last year sacked the government prompting fears for democratic gains a decade after Tunisia’s revolution which sparked the Arab Spring uprisings
  • He has since taken control of the judiciary and on April 22 gave himself powers to name three out of seven members of the electoral commission, including its chief

Tunisian President Kais Saied on Thursday said he opposes the presence of foreign election observers, as the country gears up for a referendum and legislative polls later this year.

“We are not an occupied country to send observers to,” he said during a swearing-in ceremony for members of a new elections authority.

Saied in July last year sacked the government and suspended parliament, prompting fears for democratic gains a decade after Tunisia’s revolution which sparked the Arab Spring uprisings.

He has since taken control of the judiciary and on April 22 gave himself powers to name three out of seven members of the electoral commission, including its chief.

The US State Department said it was deeply concerned by Saied’s decision to “unilaterally restructure” the body.

On Monday, Saied appointed Farouk Bouasker as its head, replacing Nabil Baffoun, a vocal critic of Saied’s power grab.

Tunisians are set to vote on constitutional reforms on July 25 and elect a new parliament on December 17. Saied’s critics say he wants to create a tame electoral commission ahead of those ballots.

His moves initially won widespread support from Tunisians fed up with the crisis-gripped political system, but his opponents accuse him of trying to restore autocracy in the North African country.