Day: September 23, 2025

Fitch Upgrades Tunisian Banks UBCI and ATB, Citing Improved Sovereign Outlook

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International ratings agency Fitch has upgraded the credit ratings of two major Tunisian banks, Union Bancaire pour le Commerce et l’Industrie (UBCI) and Arab Tunisian Bank (ATB), citing an improved operating environment following a recent upgrade of the Tunisian government’s own rating. The decision signals a cautiously optimistic view of the Tunisian banking sector’s stability amid broader economic challenges. Key Takeaways: Rationale Behind the Ratings According to Fitch, the credit profiles of Tunisian banks are heavily influenced by the government’s financial health. Banks maintain significant exposure to the state through…

CIFF signs Strategic Cooperation with EUNIC to Support Emerging Egyptian Filmmakers

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Cairo International Film Festival (CIFF) announces the signing of a high-level partnership agreement with European Union National Institutes for Culture (EUNIC), represented by Italian Cultural Institute in Cairo, within the framework of the 2023–2027 EU–Egypt Cultural Programme. Through this collaboration, a professional workshop will be launched for Egyptian filmmakers from all governorates during the festival’s 46th edition, scheduled for 12–21 November 2025. On behalf of CIFF, the agreement was signed by Festival president Mr. Hussein Fahmi, President of CIFF, and on behalf of the EUNIC side by Dr. Maurizio Guerra,…

Under the Tunisian Sun, a Green Energy Future Takes Shape: Kairouan’s Solar Dream Nears Reality

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With 82% of construction complete, a sea of photovoltaic panels in central Tunisia symbolizes a nation’s determined shift towards sustainability and energy sovereignty. A major milestone in Tunisia’s renewable energy transition is within sight as the 120 MWp Kairouan Solar PV Project reports construction is 82% complete. The large-scale facility, one of the most significant of its kind in the country, is poised to energize tens of thousands of homes and mark a critical step toward reducing the nation’s dependence on imported energy. Project officials confirmed the progress this week,…

Japan’s Ambassador to Tunisia to Assabah: Tunisia Plays a Vital Role in Regional Stability

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Photo Credit assabahnews Tunisia can serve as a strategic gateway to Africa Vast opportunities exist in medicine and pharmaceuticals Japan is keen to expand its economic presence in Tunisia Amid aspirations for growth and innovation, Tunisian–Japanese relations have carved out a special place on the map of international cooperation. From the landmark TICAD 8 summit held in Tunis to emerging projects in renewable energy, Japan’s Ambassador to Tunisia, Takeshi Osuga, affirms that Tunisia is not merely a partner but a strategic entry point for Japanese companies into African markets. This…