Algeria's Abdelmadjid Tebboune re-elected as President


Ghaya Ben Mbarek
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Algeria's President Abdelmadjid Tebboune has been re-elected for another five-year term in a landslide win, the country's election authority said on Sunday.

The National Independent Election Authority said preliminary results indicate that Mr Tebboune won 94.65 per cent of the vote, with almost 5.4 million votes from the 5.6 million ballots cast.

Islamist candidate Abdelaali Hassani Cherif, 57, of the Movement of Society for Peace, received 3.17 per cent of the vote and secular candidate Youcef Aouchiche, 41, of the Socialist Forces Front, got 2.16 per cent.

While Mr Tebboune's win had been widely expected, there were fears that the poll would see another low turnout. The elections' authority chief Mohamed Charfi said exit polls at 8pm on Saturday indicated a 48.03 per cent preliminary participation rate.

That followed an announcement from the authority earlier in the night saying that turnout stood at 26.4 per cent as of 5pm on Saturday, with about 5.1 million votes cast out of 23.4 million registered voters.

Mr Charfi said the discrepancy between the two figures was the result of floods that delayed counting in two provinces. Voting had been scheduled to end at 7pm, but the authority extended it by one hour.

He told reporters on Sunday afternoon that the authority worked "to ensure fair competition between the three candidates" by keeping "an equal distance" from all of them.

"The aim was to preserve voters' freedom to choose whom they deem appropriate to manage the country's affairs and preserve the supreme interest of the nation," Mr Charfi said.

On Saturday morning he said early indications were that turnout was “quite decent” compared to previous elections. “These elections are a very important step towards building our democracy. Today we can be optimistic following what has reached us about the turnout rates,” he said after casting his ballot.

Supporters of presidential candidate Youcef Aouchiche attend a rally on the last day of campaigning on Tuesday. AP
Supporters of presidential candidate Youcef Aouchiche attend a rally on the last day of campaigning on Tuesday. AP

Saturday’s vote is the second since pro-democracy protests in 2019 toppled former long-time president Abdelaziz Bouteflika and led to Mr Tebboune’s election as president in December that year.

His ascension to power was considered controversial due to the hasty election timing and strong backing of the country’s military. In 2019, Hirak protesters called for the establishment of a civil democratic state and for the military to end its intervention in official institutions.

A low turnout rate was widely predicted in this election due to an atmosphere of political apathy and distrust in the government.

Imen, 28, from Jijel in north-eastern Algeria, said she was not interested in the election, a sentiment she said was shared by most Algerians.

“This is the least credible election that has been held in recent history and it’s the least credible show of political legitimacy,” she told The National. “It’s a waste of money to be honest because the results are already known and it has already been decided.”

Algerian journalist and writer Othman Lahiani told The National that he had no doubt that Mr Tebboune would win a second term.

“The President is very far from the other two candidates as he enjoys the support of various powerful institutions within authority and several other powerful historic parties in the country,” he said.

Supporters of Mr Tebboune were celebrating in the streets on Saturday night.

Several world leaders have congratulated Mr Tebboune on his re-election, including Turkish President Recep Tayyip Erdogan, Tunisian President Kais Saied, Palestinian President Mahmoud Abbas and the Arab Parliament's Speaker, Adel Al Asoomi.

The bio

Studied up to grade 12 in Vatanappally, a village in India’s southern Thrissur district

Was a middle distance state athletics champion in school

Enjoys driving to Fujairah and Ras Al Khaimah with family

His dream is to continue working as a social worker and help people

Has seven diaries in which he has jotted down notes about his work and money he earned

Keeps the diaries in his car to remember his journey in the Emirates

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THREE
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Key facilities
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  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
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  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
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We weren’t supposed to return but WE ARE.
Amira Sakalla

BMW M5 specs

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Power: 727hp

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Transmission: 8-speed auto

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The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

Drivers’ championship standings after Singapore:

1. Lewis Hamilton, Mercedes - 263
2. Sebastian Vettel, Ferrari - 235
3. Valtteri Bottas, Mercedes - 212
4. Daniel Ricciardo, Red Bull - 162
5. Kimi Raikkonen, Ferrari - 138
6. Sergio Perez, Force India - 68

UAE currency: the story behind the money in your pockets
While you're here
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The specs

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SERIES INFO

Cricket World Cup League Two
Nepal, Oman, United States tri-series
Tribhuvan University, Kathmandu
 
Fixtures
Wednesday February 5, Oman v Nepal
Thursday, February 6, Oman v United States
Saturday, February 8, United States v Nepal
Sunday, February 9, Oman v Nepal
Tuesday, February 11, Oman v United States
Wednesday, February 12, United States v Nepal

Table
The top three sides advance to the 2022 World Cup Qualifier.
The bottom four sides are relegated to the 2022 World Cup playoff

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2 Scotland 8 4 3 0 1 9 0.139
3 Namibia 7 4 3 0 0 8 0.008
4 Oman 6 4 2 0 0 8 -0.139
5 UAE 7 3 3 0 1 7 -0.004
6 Nepal 0 0 0 0 0 0 0
7 PNG 8 0 8 0 0 0 -0.458

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Tiger:independent, successful, volatile
Rat:witty, creative, charming
Ox:diligent, perseverent, conservative
Rabbit:gracious, considerate, sensitive
Dragon:prosperous, brave, rash
Snake:calm, thoughtful, stubborn
Horse:faithful, energetic, carefree
Sheep:easy-going, peacemaker, curious
Monkey:family-orientated, clever, playful
Rooster:honest, confident, pompous
Dog:loyal, kind, perfectionist
Boar:loving, tolerant, indulgent   

US Industrial Market figures, Q1 2017

Vacancy Rate 5.4%

Markets With Positive Absorption 85.7 per cent

New Supply 55 million sq ft

New Supply to Inventory 0.4 per cent

Under Construction 198.2 million sq ft

(Source: Colliers)

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THE SPECS

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How to invest in gold

Investors can tap into the gold price by purchasing physical jewellery, coins and even gold bars, but these need to be stored safely and possibly insured.

A cheaper and more straightforward way to benefit from gold price growth is to buy an exchange-traded fund (ETF).

Most advisers suggest sticking to “physical” ETFs. These hold actual gold bullion, bars and coins in a vault on investors’ behalf. Others do not hold gold but use derivatives to track the price instead, adding an extra layer of risk. The two biggest physical gold ETFs are SPDR Gold Trust and iShares Gold Trust.

Another way to invest in gold’s success is to buy gold mining stocks, but Mr Gravier says this brings added risks and can be more volatile. “They have a serious downside potential should the price consolidate.”

Mr Kyprianou says gold and gold miners are two different asset classes. “One is a commodity and the other is a company stock, which means they behave differently.”

Mining companies are a business, susceptible to other market forces, such as worker availability, health and safety, strikes, debt levels, and so on. “These have nothing to do with gold at all. It means that some companies will survive, others won’t.”

By contrast, when gold is mined, it just sits in a vault. “It doesn’t even rust, which means it retains its value,” Mr Kyprianou says.

You may already have exposure to gold miners in your portfolio, say, through an international ETF or actively managed mutual fund.

You could spread this risk with an actively managed fund that invests in a spread of gold miners, with the best known being BlackRock Gold & General. It is up an incredible 55 per cent over the past year, and 240 per cent over five years. As always, past performance is no guide to the future.

UAE currency: the story behind the money in your pockets
The specs

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Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

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What the law says

Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.

“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.

“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”

If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.

Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants

What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

Updated: September 09, 2024, 10:18 AM`