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Tunisia gears for presidential runoff after rare debate

Tunisia prepared for Sunday’s presidential runoff after the two finalists, both political outsiders, went head-to-head in a rare television debate in a last bid to woo the country’s seven million voters.
Friday night’s showdown between conservative law professor Kais Saied and business tycoon Nabil Karoui was widely viewed, injecting new life into a hectic campaign before it wrapped up.
They had both come out on top in the September 15 first round on anti-establishment platforms in a country grappling with a stagnant economy, high unemployment, failing public services and rising prices.
The debate was held just days after Karoui was released from jail Wednesday to a hero’s welcome. He had been held since August in connection with a probe into money laundering and tax evasion.
Last week Saied said he was putting his campaign on hold to avoid an unfair advantage over Karoui.
Broadcast on the majority of local channels, as well as some international ones, the debate filled cafes in the capital Tunis, where a rapt, largely young audience tuned in.
“This is a dream come true. I am truly almost in tears,” said Aly Mhani, a young civil society activist.
“This debate is decisive. Now that Nabil Karoui is free, I want to hear what he has to say,” said Tarek Neffeti, 33.
“One thing is sure, we have had enough of the promises of the system. The advantage with Kais Saied is that he is outside of the system,” he added.
Differing themes
While the country has succeeded in curbing deadly extremist attacks that rocked the key tourist sector in 2015, its economy remains hampered by austere International Monetary Fund-backed reforms.
Unemployment, which primarily affects the young, hovers around 15 percent and the cost of living has risen by close to a third since 2016.
Hours before, thousands of supporters of both finalists rallied separately in the heart of Tunis, under the watch of a strong security contingent.
Tunisia’s second free presidential poll since the 2011 Arab Spring revolt are the country’s first to be accompanied by televised debates.
Throughout, media magnate Karoui appeared relaxed but occasionally hesitant, and speaking in Tunisian dialect he stuck to his key themes - fighting poverty and economic liberalism.
Saied, serious but at ease, defended decentralization of power and criticized the partisan system, delivering his answers in classical Arabic.
The runoff outcome is still uncertain, though Karoui received a boost with his newly formed party, Qalb Tounes, coming in second in the October 6 legislative elections.
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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