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Tunisia Turmoil is Not a Coup on Islamists

In the past decade alone, Tunisia has gone through several extreme political transitions; three of which stands out as the most decisive turning points. They are: the Arab Spring revolution against Ben Ali’s authoritarian regime, in 2011; the step-down of the Islamist-led government, in response to massive popular protests, in 2013; and the sudden death of President Beji Caid Essebsi, amidst an economic depression, in 2019. Astonishingly, the Tunisian state managed to survive all of these major political transitions. These days, some pessimistic expectations of state failure in Tunisia are circulating among political analysts, following the radical decisions that the Tunisian President Kais Saied took, on the Republic Day anniversary, a few days ago.
In a surprise move, on the night of July 25th, Saied, who worked for decades as professor of law and constitution, used the powers given to him by Article 80 of the Tunisian Constitution to grab all state civilian and military powers in his own hands. Saied justified the motion by the need to control the risks aroused by the massive angry protests that erupted all over Tunisia on that day against the failures of the government and the parliament in running state affairs and recovering the depressed economy. Understanding what motivated Saied to launch this ruthless war against the government and the parliament of his own regime, is key to envisioning whether Tunisia is going to survive this major transition, too.
As a first step, Saied decided to suspend the two parallel authorities governing the country shoulder-to-shoulder with him. He fired the Prime Minister and froze the Parliament because he could not dissolve it. The Tunisian Parliament is dominated by the Islamist Ennahda Party. Then, he dismissed the ministers of defense, interior, and justice. At the moment, a curfew is announced and all businesses, expect security, health, and educational facilities, are closed.
Pro-Islamist propagandists, on social and traditional media platforms, came out immediately claiming that Saied’s decisions are “a coup d’état” and are directly targeting to finish the Islamists. They even tried to compare what is currently happening in Tunisia to what happened in Egypt in June 2013, when the military had to respond to popular protests to remove the Muslim Brotherhood regime from power.
Actually, a primary school student can tell how ridiculous this comparison is. Let alone, downsizing the whole scene to an ideological dispute between Kais Saied and the Islamists of Ennahda Party is nothing but an act of naivety, that is purposefully disregarding the pleas of the Tunisian people to end their economic sufferings through a political reform.
In other words, Saied’s fight is not against Islamists, but for political and economic reform. Saied’s decision to freeze the Islamist-dominated parliament must be seen within the bigger picture of the paralyzing system of governance in Tunisia, and through a political, not ideological, lens.
Out of fear of falling back into the authoritarianism of the deep state, the post-revolution constitution in Tunisia tailored a system of governance that is neither presidential nor parliamentarian. Rather, it is based on balancing the decision-making process between three authorities – or “presidencies” as the Tunisians call them. They are: the President of the State, the Prime Minister (the head of the government), and the Speaker of Parliament (the head of the legislative authority).
In theory, the “three presidencies” may look like an innovative democratic system that involves all and excludes none. But, in practice, it has proven to be a difficult and paralyzing system. For three years, since Kais Saied was elected, Tunisia could not achieve any tangible progress under three presidents, whose agendas and visions are inconsistent. The conflict between the three governing authorities in Tunisia reached a climax point in mid-March, in a way that paralyzed political decision-making and economic flow in the country, and eventually aroused nation-wide protests calling for reform.
That being said, can the already-exhausted Tunisia survive the current turmoil, as it survived all the major previous political transitions that took place in the past ten years? That is a difficult question to answer, while the proceedings of the turmoil are still unfolding. However, we can at least understand that the problem of Tunisia is much bigger and much deeper than having members of the Muslim Brotherhood in power.

BY: Dalia Ziada
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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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