Year: 2018

“Leoni Tunisia”, specialising in the manufacture of cables for cars, plans to expand its activities next April to create at least 1,200 additional jobs Prime Minister Youssed said, TAP reports He commened the economic size and the social weight of this company which employs more than 16 thousand managers and workers in its subsidiaries located in Messadine and Mateur. He stressed that the government is determined to overcome the difficulties and establish facilities and incentives for Tunisian and foreign investors, in light of the positive beginnings in the fields of…

The European Bank for Reconstruction and Development has lent French aerospace manufacturer Figeac Aéro SA €38 million to finance its production expansion in Morocco and Tunisia. The EBRD loan will support the transfer of skills and advanced technology and an improvement in local quality standards towards international levels. The creation of new jobs in countries with high levels of unemployment will also make a positive contribution to the economies of Morocco and Tunisia. The investment will specifically address the issue of youth unemployment by offering young technicians and engineering students…

The International Monetary Fund does not want austerity in Tunisia, and in fact proposed programs to protect the poor from the impact of economic reforms, a Fund spokesman said Thursday. Several hundred people have been arrested in Tunisia since social unrest erupted a week ago, fuelled by unemployment, corruption and austerity measures in the 2018 budget. “The frustration the Tunisian people are feeling is understandable,” said IMF spokesman Gerry Rice, speaking on the anniversary of the 2011 Tunisian uprising that launched the Arab Spring. However, he defended the institution against…

SPAIN’S holiday hot spots have been warned they need to find ways to prevent British tourists from being tempted away by cheap holidays to places such as Turkey, Egypt and Tunisia this summer. Hotel bosses say they have “no hope” of competing on price as all inclusive one-week holidays at five-star hotels in Turkey can cost as little as €400. They claim that Spain can’t rely on holidaymakers who have been avoiding Arab countries over safety fears any more. Dubbed as “the borrowed tourists” they have been travelling in Spain,…

he Tunisian government has opened a public bid for the sale of its majority stake in Carthage Cement. Carthage Cement S.A is a public company which is specializes in the production of cement, aggregates and concrete. The Tunisian State and Bina Corp are the controlling shareholders of Carthage Cement S.A with 52 percent stake in the cement firm. A statement issued by the sellers explained that the company would be sold to a strategic and/or a financial investor who is capable to insure its management and development. For this purpose,…