RAM

Tunisia: President presses ahead with his purge, firing ambassador to Washington, Governor of Sfax

Tunisian President Kais Saied is continuing the purge at top state level he started since he provoked a political crisis late last month when he assumed all executive power. The latest dismissals, announced on Tuesday, concern the country’s ambassador to Washington Nejmeddine Lakhal, and the Governor of Sfax, a key Tunisian province, Anis Oueslati. No […]

Egypt’s Suez Canal Bank to pull out of Middle East Oil Refinery

The publicly listed company, Suez Canal Bank, says it will withdraw entirely from Middle East Oil Refinery (Midor), Zawya reports. The operation will generate $30.4 million for Suez Canal Bank as 1.27 percent stake (560,000 shares) will be sold to Egyptian General Petroleum Corporation (EGPC) at $54.7 per share. The financial service institution posted a […]

Coronavirus: Tunisia unveils credit loan for tourism sector

The Tunisian Tourism Minister Wednesday announced the allocation of nearly $172 million (TND500 million) in the form of loans to help hotels cope with adverse effects of covid-19. Mohamed Ali Toumi said the credit will be available till March next year, but only for one-star to three-star hotels which lost 25 per cent of their […]