Finance Headlines Tunisia

Tunisia cuts 2020 growth forecast, eyes new IMF deal

Tunisia expects a growth rate of just 1% this year, compared with the 2.7% envisaged in the 2020 budget, and plans to seek a new loan deal with the International Monetary Fund (IMF). Tunisian Prime Minister, Elyess Fakhfakh, who made the announcement on Sunday said his government has slashed the country’s economic growth forecast for […]

Business Headlines Morocco Tunisia

Tunisia’s Land’Or to open $10 mln cheese factory in Morocco

Tunisia’s cheese maker, Land’Or, announced that it will set up a production plant in Morocco’s Kenitra for a total cost of 10.7 million dollars. An investment agreement was signed in this regards between Land’Or chairman Hatem Denguizli and Moroccan industry minister Hafid Elalamy. The plant will directly employ 102 people and help Land’Or commercialize production […]

Americas Headlines International Tunisia

Tunisia: One policeman killed & five others injured in terror blast near US embassy

At least one security agent was killed and five others were wounded when two suicide bombers blew themselves up on Friday near the US embassy in the Tunisian capital. The local authorities said the attackers, who were both on a motorcycle, died in the blast, which took place near the US embassy’s main gate. Last […]

Headlines Tunisia

Tunisia to take action against Coronavirus suspects refusing quarantine

Tunisia will take action against any citizen suspected to be infected by the Coronavirus who refuses to be quarantined, Health Minister Abdellatif Mekki said Wednesday. “If some people refrain from abiding by voluntary quarantine measures or not, they are liable to punishment in accordance with the law, given that the health of citizens is in […]

Americas Business Headlines International Tunisia

Tunisia: US State Department green-lights sale of four AT-6Cs

The US State Department has approved the sale of four AT-6C light fighter jets and supporting equipment to Tunisia for total cost of $325.8 million. The US Defense Security Cooperation Agency said the aircraft “will improve Tunisia’s ability to meet current and future threats by increasing their capability and capacity to counter terrorism and other […]

Headlines Libya Maghreb Tunisia

Libya: Tribal Council rejects Tunisia’s offer to host reconciliation talks

The Libyan Tribal Council has rejected an offer by Tunisian President Kais Saied to host them for reconciliation talks in capital Tunis as part of efforts to defuse the Libyan crisis. The offer came both from President Kais and Qatar’s Emir Sheikh Tamim bin Hamad al-Tani, who was in Tunisia early this week, Tunisie Numérique […]

Headlines Tunisia

Tunisia: Parliament approves Fakhfakh-led cabinet, members sworn in before President

Just hours after the Tunisian parliament green-lighted nominal Prime Minister Elyes Fakhfakh’s proposed cabinet on Wednesday, the new cabinet members were sworn in before President Kais Saied this Thursday. The endorsement of the 32-member cabinet by 129 lawmakers against 77 who rejected it brought out the country from a long political crisis and spared it […]

Europe Finance Headlines International Tunisia

German Development Bank grants Tunisia €27.5 million loan

Germany’s Development Bank, KfW, has lent Tunisia €27.5 million earmarked for the modernization of the Medjerda canal project at northeastern Cap Bon. The loan will be used to modernize all infrastructures and equipment of the canal to meet the increasing demand in potable and irrigation water. The canal provides the cities of Tunis, Cap Bon, […]

Asia Headlines International Tunisia

Tunisia: President Saied woos Qatar’s Emir to fund projects in Tunisia

President Kais Saied said Monday that he presented to visiting ruler of Qatar Emir Tamim Bin Hamad Al-Thani several projects that Qatar can contribute to finance.   These projects include Kairoun hospital complex, according to press reports. Emir Tamin began Monday a two-day visit to the North African country, the first visit since March 2019, […]

Headlines Tunisia

Tunisia: New Cabinet Team Unveiled; Early Elections Avoided

Tunisia’s Prime Minister designate Elyes Fakhfakh on Wednesday unveiled his new coalition government after reaching an agreement with Ennahda moderate Islamist Party. Fakhfakh said the new cabinet team, composed of 30 ministers and 2 secretaries of state, is the result of consensus between parties and parliamentary blocs involved in the consultations. The new cabinet represents […]