Business Headlines Tunisia

Tunisia: Price-wage spiral led to key interest rate increase -BCT

The Central Bank of Tunisia (BCT) explained the raising of its key interest rate by “past and recent wage increases that are likely to maintain a price-wage spiral.” This spiral is very detrimental to the economy and accentuates macro-economic imbalances because of the impact on the consumption of imported products, the BCT said, according to […]

Headlines Morocco Tunisia

Three Tunisians arrested in Morocco for drug trafficking

Security authorities at Mohammed V airport in Casablanca Tuesday nabbed three Tunisian citizens, two women and a man, for their involvement in drug trafficking. The two women, aged 36 and 50, were arrested in the check-in hall, the national police directorate (DGSN) said in a statement. Searches revealed that the duo were concealing in their […]

Headlines Tunisia

A thousand Tunisians have returned home from conflict zones – Authorities

A thousand Tunisians have returned home from conflict zones, namely Syria, Iraq and Libya, between 2011 and October 2018. The figures were disclosed by National Counterterrorism Commission President Mokthar Ben Nasr at a hearing Monday by the parliamentary Committee on Security and Defense. He said that four terrorists were extradited to Tunisia two weeks ago […]

Headlines Tunisia

Tunisia’s economic morass

Tunisia is facing an acute economic and financial crisis with major macro-economic indicators on the red. The country was hailed for its success to oust authoritarianism and establish a democratically elected government following 2011 events, but economically the country is suffering. Growth was limited to 2.5% in 2018, less than the forecasted 3.1% despite the […]

Headlines Libya

Libyan authorities help release 14 Tunisian abducted oil workers

Tunisia Sunday said its 14 citizens held hostage in neighboring Libya have been freed following the intervention of Libyan authorities. The Tunisian foreign ministry expressed satisfaction at the release of the fourteen Tunisian workers, kidnapped on February 14 by a Libyan armed militia in Zaouia. The kidnappers had claimed the release of a Libyan detainee […]

Headlines Tunisia

Tunisia: European airlines to resume flights

A number of European airlines including Spanish Air Europa are expected to resume flying to Tunisia after a suspension on insecurity grounds, as the state brought guarantees for the safety of foreign holidaymakers. Air Europa, Lonely Planet reports, will soon resume flights to the Tunisian capital, Tunis. The airline will service Madrid-Tunis route four times […]

Headlines Tunisia

Tunisair in Turbulence zone

Tunisia’s flagship carrier, Tunisair, announced drastic measures to address financial difficulties including the laying off of 1200 employees, transport minister Hichem Ben Ahmed said. The company, which operates 30 airplanes, has also reviewed its African expansion plans to mitigate the crisis it is facing. Tunisair currently employs 200 staff per aircraft and plans to reduce […]

Headlines Tunisia

Tunisia: seven suspects receive life in prison sentence in connection with Bardo, Sousse attacks

A court in Tunis Saturday sentenced to life in prison seven people among 44 defendants suspected in separated terror attacks that killed 60 people in 2015. Charges included premeditated murder, threatening national security and belonging to an extremist-linked group. Three people received life sentences for participating in the first attack in March 2015 at Tunis […]

Headlines Tunisia

Tunisia-racism: Sfax court hands five-month suspended sentence to woman for abusing black teacher

A court in the Tunisian city of Sfax has pressed a five-month suspended sentence on a Tunisian woman convicted for abusing a teacher of black skin. This appears as the first court condemnation of a racism case in Tunisia, The National comments. The woman, not identified, reportedly went to the school after her daughter told […]

Business Headlines Tunisia

Afreximbank commits $500 million to Tunisia-Africa trade promotion program

The African Export-Import Bank (Afreximbank) is to implement a Tunisia-Africa Trade and Investment Promotion Program (TATIPP) with an initial commitment of $500 million to promote trade between Tunisia and the rest of Africa, President of the Bank, Benedict Oramah, has announced. Speaking in Tunis during a meeting Tuesday with President Beji Caid Essebsi, Prof. Oramah […]