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Media mogul, academic face off as Tunisians choose president

Tunisians began voting on Sunday in a presidential runoff pitting a conservative academic against a media magnate fresh out of jail, reflecting a shift in the country's post-revolution political landscape.
The political newcomers swept aside the old guard in the first round, highlighting voter anger over a stagnant economy, high unemployment and poor public services in the cradle of the Arab Spring.
Adding controversy and suspense to the contest, presidential contender Nabil Karoui only walked free on Wednesday, having spent more than a month behind bars on suspicion of money-laundering.
This election is "more exciting than a local derby (football match)," said a young man taking part in lively debate on Bourguiba Avenue in central Tunis ahead of the showdown.
The vote, Tunisia's second free presidential poll since the 2011 revolt, follows the death of president Beji Caid Essebsi in July.
Polling stations opened to the electorate of seven million at 8:00 am (0700 GMT) and are due to close at 6:00 pm. Exit polls are expected by Sunday evening.
On Friday night, Karoui and law professor Kais Saied went head-to-head in a rare television debate, a last bid to woo voters.
Karoui, a 56-year-old business tycoon, appeared relaxed, if at times hesitant. Speaking in Tunisian dialect, he stuck to his key themes of economic liberalisation and fighting poverty.
Serious but also at ease, 61-year-old independent candidate Saied called for the decentralisation of power and criticised the country's partisan system, in classical Arabic.
The runoff outcome remains uncertain, with a ban on opinion polls, but Karoui received a boost with his newly formed party, Qalb Tounes (Heart of Tunis), coming second in legislative elections a week earlier.
Saied topped the first round in the presidential election, held on September 15, with 18.4 percent of votes, while Karoui followed with 15.6 percent. Turnout for that round was a modest 45 percent.
Karoui presents himself as a candidate for the poor but spent most of his campaign imprisoned on money-laundering and tax-evasion charges. He was released on his fourth appeal in court after threatening to contest the results.
- Sharp contrast -
While the candidates are both seen as anti-establishment figures, the contrast between them is sharp, with Saied nicknamed "Robocop" for his rigid and austere manner.
A social conservative, he has defended the death penalty, criminalisation of homosexuality and a sexual assault law that punishes unmarried couples who engage in public displays of affection.
Saied is an expert on constitutional law, who taught at the Tunis faculty of judicial and political sciences for nearly two decades.
He launched an unorthodox election campaign that saw him shun mass rallies and instead canvass door-to-door.
The appeal of flamboyant Karoui, who always appears in designer suits, stems largely from his media empire and philanthropic activity.
A former executive for Colgate-Palmolive, in 2002 Karoui launched a media agency with his brother.
After the 2011 uprising that toppled longtime dictator Zine El Abidine Ben Ali, the Nessma TV channel that Karoui founded turned from entertainment programming towards news, becoming one of Tunisia's largest private broadcasters.
Over the past three years, Karoui burnished his reputation with a charity show on Nessma in which he distributed household appliances to needy families.
His arrest in the run-up to the election cemented his status as an outsider -- despite being a longtime key supporter of Essebsi, whose death on July 25 brought forward the polls.
Karoui, who says the allegations against him are politically motivated, campaigned by proxy through his wife and party.
Although now a free man, Karoui is still under investigation for fraud and banned from travelling abroad.
But if he wins the runoff, Karoui will receive immunity "and all the legal proceedings against him... will be suspended until the end of his mandate", constitutional law professor Salsabil Klibi told AFP.
source:AFP
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BENEFIT AGM approves 10%...
- March 27, 2025
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).
Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.
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