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Arab Fund for Economic & Social Development loans Tunisia $52m for road projects

The Arab Fund for Economic and Social Development has granted Tunisia $52 million (KWD16 million) in form of credit facility to be used for road projects. The financing deal was signed during the 52nd annual meeting of the Board of Governors of the fund, held on the sidelines of the annual joint meetings of Arab […]

Egypt renews coalition ties to fight terrorism

“The National Defense Council agreed to prolong the participation of (Egyptian) troops engaged in a combat mission” in the Gulf, the Red Sea and the Bab al-Mandab Strait, a statement released by the Egyptian presidency announced. This is the second time Cairo is renewing its engagement with the Saudi-led coalition and the announcement came barely 48hours […]

Tunisia: Audit Flags Heavy Losses Across Public Bodies

Tunisia incurred financial losses exceeding one billion dinars last year across 11 public institutions and companies, according to an official audit report. The Tunisian Court of Auditors released its annual report last week, uncovering widespread financial irregularities and governance lapses. The audit estimates total losses at about 1.07 billion dinars, with the national airline Tunisair […]