Year: 2018

EBRD supports international trade in Tunisia

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The European Bank for Reconstruction and Development is supporting Tunisia’s expansion of international and intra-regional trade by providing a US$ 20 million trade facility to Banque de Tunisie under the EBRD’s Trade Facilitation Programme. According to EBRD, the trade finance line will allow Banque de Tunisie to issue guarantees in favour of international commercial banks covering the commercial payment risk of the transactions undertaken by Banque de Tunisie. EBRD Managing Director for the Southern and Eastern Mediterranean region, Janet Heckman, said: “We are very pleased to welcome Banque de Tunisie…

Tunisia to resume flights to Libya “very soon”

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Tunisia will resume flights to neighbouring Libya “very soon”,  Foreign Minister Khemais Jhinaoui said Monday, during a meeting with Libya’s UN-backed Prime Minister Fayez Serraj in the Libyan capital Tripoli. The two officials discussed means to facilitate bilateral trade between their countries and joint border management, according to a statement of the foreign Ministry. “The Tunisian minister reiterated his country’s support for the Government of National Accord, stressing Tunisia’s will to restore economic relations and activate the legal frameworks for trade transactions between the two countries,” the statement reads. “Jhinaoui stressed…

ILLITERATE BY THE SECOND

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There is no denying the fact that we are living in the apex of technology and there is no sign that it is slackening. Perhaps one major outcome of this fact is the unprecedented flux of information by the second. However, this on-going surge of information has taken its toll over people mainly social networks such as facebook, twitter. It has become painfully arduous to keep up with what is going on in the world. There is this constant dilemma between the need to keep being updated about what is…

Maghreb employers’ leaders agree on revival of Maghreb Union of employers

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The Tunisian Confederation of Industry, Trade and Handicrafts (UTICA) announced Monday that the leaders of Maghreb Employers’ associations agreed on Saturday in Libya, the revival of the Maghreb Union of employers. Receiving the presidents of the employers’ organisations of the five Maghreb countries (Morocco, Algeria, Tunisia, Libya and Mauritania), the head of the Libyan government, Faiz Al Serraj affirmed his support for this union, reports a UTICA statement published Monday. UTICA President Samir Majoul underlined, on this occasion, the need to protect the Maghreb Union of Employers from the political…

Governor of parallel Libya central bank opposed to economic reforms

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The former governor of the parallel Central Bank of Libya in al-Bayda, eastern Libya, Ali Al-Hibri, said the economic reforms announced by the CBL governor in Tripoli Al-Siddiq Al-Kabeer and the Presidential Council in Tunisia are “harmful” and could lead to the collapse of the Libyan economy. Al-Hibri said in a televised statement that the tracks of reforms proposed by Al-Kabeer and the Presidential Council, including raising the family dollar allocations to $1000, would be fatal to the Libyan foreign currency reserves as Libya would lose 8 billion dollars. He…

Spain Fail to Turn on the Style in Narrow Tunisia Victory

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Spain laboured to a narrow 1-0 victory over Tunisia in an underwhelming World Cup warm-up in Krasnodar on Saturday.  Spain laboured to a narrow 1-0 victory over Tunisia in an underwhelming World Cup warm-up in Krasnodar on Saturday. The 2010 champions remain unbeaten under coach Julen Lopetegui, who took over 20 matches ago after the Roja’s elimination from Euro 2016 in the last 16 at the hands of Italy. Iago Aspas scored the only goal against fellow World Cup qualifiers Tunisia seven minutes from the end.  But Lopetegui’s search for…

Tunisian researcher elected best university teacher in the United States

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Tunisian researcher Marwen Ksantini from Nabeul, 33, was elected the best researcher and university teacher for the year 2018 at the University of Michigan in the United States. The Tunisian teacher has won three out of four awards in the field of scientific research. The first prize was for the proliferation of its productions (at least 100 scientific publications at the best conferences and scientific forums in the world). He also won the award for Best Teacher in Digital Education as he has done a lot of scientific research for…

Rally in Paris in solidarity with victims of Kerkennah boat sinking and their families

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A solidarity rally with the victims of the migrant boat that sank off Kerkannah and their families was organised Friday afternoon at the Fontaine des innocents in Paris (France), on the initiative of more than 40 Tunisian and Maghreb associations. A makeshift boat sank Saturday, June 2, 2018, off the islands of Kerkennah (Sfax governorate) killing 75 people (until Thursday afternoon). 68 people were saved. At least 200 irregular migrants were aboard the boat. Close relatives of the victims and young migrants were present at this rally. They observed a…

Developing financial institutions for more inclusiveness in the MENA region

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In its study entitled “Financial Development and Inclusion in Egypt, Jordan, Morocco and Tunisia”, the Euro-Mediterranean Network for Economic Studies (EMNES) analyses a financial system that is frequently under-developed and fails to provide sufficient lending to SMEs and households. “Financial institutions and markets need to be well developed in order to contribute to sustainable and inclusive economic growth”. In its latest study, the Euro-Mediterranean Network for Economic Studies (EMNES) takes an in-depth look at financial systems and their involvement in sustainable economic growth in Egypt, Jordan, Morocco and Tunisia. “The financial…

Tourist receipts reach 38% in first 5 months of 2018

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Tourism receipts climb 38 % in Tunisian dinar in the first five months of 2018, compared with the same period last year. These receipts reached 876.2 million dinars, until May 20, 2018. Their increase is about 32% in dollar and 16% in euro, Minister of Tourism and Handicrafts Salma Elloumi Rekik said at a meeting in Monastir. “These indicators reflect the recovery of tourism activity, especially for the European markets, with the arrival of 2 million 500 thousand tourists from the beginning of this year, until May 2018, up 21%…