Category: business

The 49th Annual Meeting of the Council of Arab Central Bank Governors and Monetary Authorities opened Wednesday in Tunis, bringing together top financial leaders to address pressing challenges such as trade wars, cybersecurity threats, and regional monetary cooperation. Hosted by the Central Bank of Tunisia and organized by the Arab Monetary Fund (AMF), the high-level gathering was inaugurated by Mishkat Al-Khaldi, Minister of Finance. Also in attendance were Mr. Burai Al-Siddiq Ahmed, Governor of the Central Bank of Sudan and current Chair of the Council, and Dr. Fahad M. Alturki,…

Photo credit swissinfo In a move that bridges European sustainability goals with North African urban mobility needs, Geneva’s public transport operator (TPG) is donating nearly 200 diesel buses to Tunis, as confirmed in a contract signed Wednesday between the two cities’ transport companies, swissinfo reports. The donation is a direct result of TPG’s ambitious strategy to fully electrify its bus fleet by 2030. The vehicles, which are being phased out and replaced with electric models, will be shipped to the Société des transports de Tunis (Transtu) over a four-year period…

The 3rd International Poverty Reduction Forum concluded with a powerful reaffirmation of global commitment to fighting poverty, as the Islamic Development Bank (IsDB) and the Government of Uzbekistan rallied international leaders behind strategies for inclusive growth amid worldwide economic pressures. In a keynote address, IsDB President Dr. Muhammad Al Jasser praised Uzbekistan’s transformative progress under President Shavkat Mirziyoyev’s leadership. “Uzbekistan’s social and economic initiatives stand as a model in the region,” stated Dr. Al Jasser. “Through strategic partnership, we are witnessing real change, where investments translate into opportunities, jobs, and…

Credit goes to IsDB: Archive photo of Uzbekistan’s President Meeting IsDB Group Chairman at COP29 In a high-level meeting on the sidelines of the 3rd International Poverty Reduction Forum, Chairman of the Islamic Development Bank (IsDB), Dr. Muhammad Al Jasser, and President of the Republic of Uzbekistan, Mr. Shavkat Mirziyoyev, pledged to strengthen their strategic alliance to advance inclusive economic growth and development. The leaders reviewed a robust partnership that has already directed nearly US$5 billion in cumulative IsDB Group financing into pivotal sectors of the Uzbek economy, such as…

The Embassy of India in Tunisia marked the 61st anniversary of its Indian Technical and Economic Cooperation (ITEC) programme with a celebratory event on September 15, 2025, at the Movenpick Hotel in Gammarth. The occasion served to honour the initiative’s role in strengthening bilateral ties through knowledge sharing and capacity building. Mr. Najmeddine Lakhal, Director of the Asia Department at Tunisia’s Ministry of Foreign Affairs, Migration and Tunisians Abroad, attended as the chief guest, joining Indian officials and dozens of Tunisian alumni of the programme. In a video address, Dr.…

Tunisia is intensifying its promotional efforts across China’s major tourism fairs in a strategic push to attract high-spending Chinese travelers and diversify its tourism market. With coordinated support from the Ministry of Tourism and its Beijing office, the North African nation is positioning itself as a premium destination rich in cultural, natural, and sustainable attractions. In September alone, Tunisia showcased its offerings at three significant events: the Quotes Salon in Guangzhou, the World Tourism Cities Federation (WTCF) forum, and the China International Fair for Trade in Services (CIFTIS) 2025. These…

 In a significant move to bolster the Tunisian economy and empower local enterprises, the Chamber of Commerce and Industry of the Center (CCIC) officially launched the next generation of its flagship digital platform, “Business Trade in Tunisia,” on September 12, 2025. This comprehensive overhaul is designed to serve as a central digital hub, providing businesses with the critical tools they need to thrive in an increasingly competitive global marketplace. More than just a directory, the new platform functions as a dynamic, multi-service engine for economic growth. Its launch represents a…

 In a significant move, Fitch Ratings announced Friday it has upgraded Tunisia’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) to ‘B-‘ from ‘CCC+’, assigning a Stable Outlook. The upgrade signals a reduced immediate risk of default, reflecting a strengthened external financial position, though the agency cautions that the North African nation’s economy remains highly vulnerable. The decision is primarily driven by a continued improvement in Tunisia’s external accounts. Fitch highlighted narrower current account deficits, resilient foreign direct investment (FDI), and crucial financial disbursements from international partners. These factors have…