Day: January 2, 2026

Tunisia is dramatically reshaping the global olive oil map, leveraging a record harvest and strategic state promotion to reclaim a position of dominance not seen since antiquity. As traditional European producers reel from catastrophic climate-driven shortfalls, the Tunisian nation is poised to become the world’s second-largest producer and exporter. Financial institution Rabobank projects Tunisia’s olive oil output for the current season will reach 380,000 to 400,000 tons—a surge of over 35% from last year’s 280,000 tons. Some industry figures, like Najeh Saidi Hamed of the Tunisian Olive Producers Association, estimate…

The Central Bank of Tunisia (BCT) has reduced its key interest rate for the first time in five months, even as interbank lending rates held firm, according to its latest monetary data. In a move signaling a shift in policy direction, the BCT’s Executive Board lowered the benchmark interest rate by 50 basis points to 7.0% during its December 30 meeting. This was the board’s first-rate decision since July. The cut comes against a backdrop of notable steadiness in the money market. The average Money Market Rate (MMR) remained unchanged…