Algeria fosters vassalization of Tunisia with defense pact

Tunisia’s latest defense agreement with Algeria, signed on October 7 in Algiers, has sparked renewed debate over whether the country is still a sovereign state, or simply a well-behaved vassal of the Algerian military regime. The pact, signed by Algerian Army Chief of Staff General Saïd Chengriha and Tunisian Defense Minister Khaled Sehili, is said […]

Japan’s Sumitomo Group to open electronic cable production plant in Tunisia

Japan’s industrial giant Sumitomo Group will launch next year in Tunisia a plant where it will produce cable harnesses for automobile companies in Europe. The plant to be located in Monastir industrial park (NEOPARK), will be erected by Sumitomo Electric Wiring Systems Europe (SEWS-E), the Japanese group’s European subsidiary. The future plant will require investment […]

Libya: GNA Moves to Control Purse Strings

Libya’s unity government yet to be approved issued Monday a decree freezing all state and institutions bank accounts expect for accounts for state salaries. The decree followed a meeting between the Presidency Council, the Central Bank of Libya (CBL,) the Audit Bureau and major banks in an attempt to discuss the urgent financial and economic […]