Headlines Tunisia

Tunisia’s Foreign Reserves Shrink to $4.6 bln

Due to a crisis that has hit vital sectors of the Tunisian economy, Tunis continues to eat into its foreign exchange reserves, which have dwindled to $4.6 billion covering 80 days of exports, the central bank said. The bank attributed the decline to the country’s need to use foreign exchange funds at the beginning of […]

Energy Headlines Tunisia

Tunisia to Invest $5 billion in Energy Projects by 2020

Tunisia will invest about $ 5 billion (12 billion dinars) in electricity and energy projects, between 2018 and 2020. According to a statement released by the government, the electrical projects include the construction of a submarine power- transmission line, with a transmission capacity of 600 MW. The infrastructure to link the country to Italy is […]

Finance Headlines Tunisia

EBRD Lends Tunisian Vermeg €25 Mln for Purchase of Lombard Risk

The European Bank for Reconstruction & Development (EBRD) has provided the Tunisian banking and insurance software developer Vermeg a €25 million loan for the acquisition of Lombard Risk, a leading global provider of integrated regulatory reporting and collateral management solutions. Founded in 2002, Vermeg counts major internationally-renowned financial institutions and central banks in more than […]

Asia Headlines International Tunisia

Gulf Crisis: Riyadh Pushes for Shut Down of Union of Muslim Scholars’ Tunis Office

  Saudi Arabia has requested Tunisia to close the Tunis office of the Qatar-created Union of Muslim Scholars, which has been added to the anti-Doha quartet’s terror list. Riyadh instructed a visiting delegation of Tunisian officials, led by interior minister Lotfi Brahem, to close the office, Tunisia media Al Soutour reported. The Syndicate founded in […]

Headlines Tunisia

Tunisia: Jewish candidate runs for Municipal Elections as Member of Islamist Ennahda Party

Tunisia’s Islamist party has chosen Simon Salama, a Tunisian Jew, as its candidate for the municipal elections in Monastir, south of Tunis. Salama said that Ennahda is a civilian party open to modernity, adding that all Jews in Tunisia could participate in civic, social and political life as Tunisian citizens. Salama, who was raised in […]

Asia Headlines International Tunisia

Tunisia: March Denounced Normalization of Ties with Israel

Several political parties and groups from the civil society Sunday staged a protest march in capital Tunis, calling for the adoption of a bill criminalizing normalization of ties with Israel. The protest was organized by the National Coordination Committee for the Criminalization of Normalization with the Israeli Occupation. According to Middle East Monitor (MEMO), some […]

Headlines Tunisia

British Holidaymakers Return to Tunisia after 2015 Terror Attacks

British tourists started this week returning to Tunisia after the 2015 terrorist attack in Sousse, which claimed 38 lives, including 30 Britons, and left 39 wounded. The return of British holidaymakers to this North African country is arranged by Thomas Cook, one of Europe’s biggest tour operators, which resumed tourist flights from Birmingham, Manchester and […]

Europe Headlines International Tunisia

France Wants to Reinvigorate ‘UfM’

France is planning to host in 2018 a meeting between the countries of the Maghreb and Europe to examine the means of reinvigorating the Union for the Mediterranean. The goal was announced by French President Emmanuel Macron in a speech at the Tunisian Parliament last week. He said that the UfM could not tap into […]

Europe Headlines International Tunisia

Tunisia: Macron Pledges Additional €227 Million Support

France would provide Tunisia with more than €227 million in new financing as the North African nation faces it worst economic crisis since the fall of its longtime strongman Zine el-Abidine Ben Ali. According to Paris, the support, announced during a visit to Tunis by French President Emmanuel Macron, includes €177 million in loans for […]

Headlines Tunisia

Tunisia dismantles 346 Terrorist cells in 2017

Tunisia dismantled 346 terrorist cells in 2017, involved in training, plotting attacks and recruiting foreign fighters, Interior Minister Lotfi Brahem said. “Over 180 terrorist cells, 40 recruitment networks and 6 armed terrorist groups as well as 120 cells involved in training terrorists were dismantled in 2017,” the minister said before a parliamentary commission. More than […]