Business Finance Headlines Tunisia

Tunisia adopts 2022 budget with $2.8b deficit

Tunisia has adopted the 2022 budget short of around $2.8 billion amid economic hardship that has hit the country also gripped by an unprecedented political crisis, triggered since July 25 after President Kais Saied has seized all major powers. The Tunisian government, Webdo Tunis reports, will present this Tuesday the draft of the financial act […]

Columns Headlines Opinions Tunisia

Tunisia backpedals to autocracy

Tunisia has long been hailed as an Arab Spring success story in terms of democratic reform. But on the back of economic hurdles, Tunisia’s freely elected President is burning the ladder that brought him to power tightening his power grab, idling elected institutions and cracking down on dissent. Human Rights Watch and Amnesty International have […]

Blogs Community Headlines Tunisia

Ex-Tunisian leader Moncef Marzouki handed four-year prison sentence for treason

A court in Tunisia sentenced former President Moncef Marzouki to four years in prison in absentia for working against the interests of the North African country. Marzouki, who has been outside the country for several months, has been subject to an arrest warrant issued against him in early November following his indictment for treason, on […]

Business Finance Headlines Tunisia

AfDB lends Tunisia €104m to implement road modernization project

The African Development Bank, AfDB, has approved the allocation of €104 million to Tunisia for the implementation of the 2nd phase of the Road Infrastructure Modernization Program (PMIR II). The Abidjan-based financial institution is a press release said the program seeks to establish an efficient and sustainable transport system capable of developing intra- and inter-regional […]

Algeria Blogs Columns Community Headlines Opinions

Cash-handouts will not help Algeria gain influence in region

As a state entertaining a rentier economy, Algeria has long sought to gain influence in Africa and the Arab region through cash handouts during the era of expensive oil. After years of diplomatic lethargy during the Bouteflika era, the recycled military regime tries the same recipe, yet money has run out. Algeria first donated 100 […]

Headlines Tunisia

Fire breaks out at Ennahdha’s headquarters in Tunis killing one militant

One militant of Ennahdha, the largest party in Tunisia’s suspended Parliament died Thursday at headquarters of the political organization after a fire broke out of at the reception. Identified as Sami by the party leader Rached Ghannouchi, the militant set fire to himself in distress causing the fire outbreak. Ghannouchi, branded Sami “martyr” adding that […]

Business Finance Headlines Tunisia

Looming debt crisis haunts Tunisia’s economy

Tunisia is facing the real risk of defaulting on its external debt which has reached 100% of GDP compared to 35% in 2010. The credit crisis adds to Tunisia’s woes of political and social instability as the country struggles to redress an economy hit by Covid-19 and a drop in tourist arrivals on the back […]

Business Finance Headlines Tunisia

EBRD grants Tunisia €49m for water projects

The European Bank for Reconstruction and Development (EBRD) announced Tuesday the allocation of €49 million in form of credit facility to finance water projects in favor of 6,800 farmers. The loan is intended for the modernization of water infrastructure and the development of a strategy in this area in oases in the south of the […]

Headlines Tunisia

Palestinian President in Tunisia this Tuesday

Palestinian President Mahmoud Abbas is set to visit Tunisia this Tuesday at the invitation of his Tunisian counterpart Kais Saied to discuss the Palestinian cause. Abbas and Saied, according to the Palestinian top diplomat Riyad Al Maliki, will exchange views and discuss developments on the Palestinian cause. Abbas is coming from Algeria where he started […]

Europe Headlines International Tunisia

Tunisia: President sacks country’s Paris, Milan consuls, orders audits

Kais Saied has terminated the diplomatic jobs of Tunisia’s consuls in Paris and Milan and ordered a financial audit of the missions, his office announced on Sunday. The statement said Taher Arbaoui who had been running the country’s consulate in Paris will be replaced by Ridha Gharsalaoui. Adel Ben Abdallah on the other hand will […]