Business Finance Headlines Tunisia

China grants Tunisia $14.2m to finance projects

China and Tunisia signed Tuesday inked a grant deal valued at around $14.2 million (TND40 million) earmarked for the financing of projects in the North African country. The signing took place between Tunisia’s top diplomat Othman Jerandi and his counterpart Zhang Jiang. The deal did not detail projects to be determined by both countries, Webdo […]

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Tunisia sends ministerial team to lure Russian holidaymakers

A high key Tunisian delegation has flown to Russian Monday in a bid to promote the North African country as a tourism destination among  Russian tourists. Tourism Minister Habib Ammar,  head of the national observatory of new and emerging diseases Nissaf Ben Alaya, and Secretary of state of the foreign ministry Mohamed Ali Nafti will […]

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Tunisia: Terrorist couple killed in restive Kasserine governorate

Tunisia’s counter-terrorism forces Thursday killed on Salloum mountain, in the restive Kasserine governorate, a couple of terrorists who off late joined the ranks of terrorist organizations. The National Gard forces surrounded the couple during an operation near the mountain. The couple died after the woman, from Asian origins, detonated her subside belt. The blast also […]

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World Bank loans Tunisia €82.5m to support covid-19 vaccine campaign

Tunisia Thursday subscribed for a €82.5 million loan from the World Bank, destined to support the vaccination campaign against the COVID-19 pandemic.   The agreement for the subscription, in the pipeline since December, was signed by Tunisian Finance Minister Ali Kooli and WB Manager for Tunisia. The loan will come to maturity in 2039 at […]

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Illegal power connections: Tunisia loses over $106m a year

Tunisia loses around $106.8 million annually owing to power theft through illegal connections, an official of the power and gas company (STEG) said Tuesday. Khaled Makni, head of the STEG energy loss reduction department, told local Shems fm at least 20 thousand Tunisians are involved in the theft cross the country. The theft occurs either […]

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Chinese, Turkish textile companies to supply Tunisian armed forces with uniforms, anger of local manufacturers

Chinese and Turkish textile companies will supply the Tunisian armed forces with uniforms over the next three years for a value estimated at around $22.7 billion.   The procurement, kept secret, was disclosed by Nafaa Ennaifer, the President of the Tunisian Textile Federation who on a Facebook post said the contracts awarded to the foreign […]

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Famous French-Tunisian rapper sentenced to five years in prison for money laundering

A Tunisian court Monday sentenced for money laundering popular French-Tunisian rapper, Iteb Zaibet, aka Rayan Sanches or Swagg Man, Webdo Tunis reports. The Criminal Chamber specialized in financial corruption cases also fined the 37-year old rapper $35,744. The court also ordered the transfer of $6.8 million to state treasury. The Nice-born rapper has been in […]

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Tunisia: Cultural activities to resume in June

Cultural activities in Tunisia, including festivals, will resume this summer after almost one year hiatus, caretaker interim Culture minister announced Wednesday.   Habib Ammar made the announcement at a meeting in Hammamet, Nabeul Governorate, with regional culture delegates, Webdo Tunis reports. Tunisia last year imposed a ban on all culture events as part of the […]

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Tunisia: Former PM Youssef Chahed suspected for backing sending of Tunisians to Syria

A former Tunisian lawmaker Tuesday finger-pointed prior Prime Minster Youssef Chahed for being involved in the sending of young Tunisians to war-torn Syria to fight in the ranks of radical terror groups, reports say. The accusation was laid by Fatma Mseddi, a former member of a parliamentary commission investigating networks suspected for sending Tunisian youth […]

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COVID-19: Brookings Institution lists Morocco among best performers in MENA region

The Washington-based Brookings Institution highlighted Morocco’s performance in the vaccination campaign against Covid-19, listing the Kingdom among the best performers in the Middle East and North Africa region. In a paper titled “One year of COVID-19 in the Middle East and North Africa: The fate of the ‘best performers’”, the Institution underlined the strong initial […]