Day: November 28, 2016

“France stands by Tunisia, remains willing to carry out development projects, especially in interior regions”, says Manuel Valls

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French Prime Minister Manuel Valls said France stands by Tunisia “in this delicate stage”, voicing his country’s will to develop bilateral cooperation in all fields, when meeting Tunisian President Beji  Caid Essebsi. Valls, who is chairing a high-level delegation, namely the President of the French National Assembly and a number of political and economic figures, to the International Investment Conference “Tunisia 2020” (November 29-30 in Tunis), said his country is ready to work on major development projects, mainly in the inland regions. Essebsi and Valls reasserted the need to intensify…

Kuwait keen on developing investment in Tunisia – Kuwaiti FinMin

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Kuwait’s Deputy Premier and Finance Minister Anas Al-Saleh said Monday Kuwait was keen on boosting its investment in Tunisia to improve economic growth in the north African nation. Kuwait is interested in “the development of its investment and to contribute to improving economic development in Tunisia, which will eventually benefit bilateral relations,” Al-Saleh, also Acting Oil Minister, told KUNA and Kuwait TV. Al-Saleh, speaking after arrival in Tunis, said he was representing His Highness Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah to the International Conference in support of economic, social, and…

Algeria, Italy and France to attend “Tunisia 2020”

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Many attendees from the financial and political world are expected in Tunis for the event “Tunisia 2020″ International Investment Conference which will  open on Tuesday, including Algerian prime minister Abdelmalek Sallal according to a prime minister’s office statement released Monday. Sellal will be accompanied by Minister of Maghreb Affairs, African Union and Arab League Abdelkader Messahel, and Minister of Industry and Mining Abdesslam Bouchouareb, added the statement. As regards the Italian delegation it will be led by Deputy Foreign Minister Mario Giro according to ANSA. The French Delegation to be…

Tunisian-Algerian Joint military exercises off Tabarka

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The Tunisian and Algerian armed forces conducted joint military exercises off Tabarka from November 22 to 28, baptised “Morjane 2016”, announced Monday the National Defence Ministry. In a statement, the department said that these manoeuvres are part of the joint training of the Tunisian and Algerian navies to face the possible threats facing the region and to implement the unified command plan for the execution of missions of mutual interest. The two countries’ naval forces, an Algerian reconnaissance aircraft and a Tunisian helicopter participated in this manoeuvre, which involved intercepting…

Why Tunisia’s path looks brighter than Egypt’s

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CAMBRIDGE, MASSACHUSETTS – It’s been five years since Egypt and Tunisia underwent regime change, and both countries are still suffering from low economic growth, large fiscal deficits, high unemployment and rising public debts. Having failed to institute reforms on their own, both have turned to the International Monetary Fund, which entered into an arrangement with Tunisia in 2013 and has just approved a $12 billion loan program for Egypt — the country’s first since 1991, and the largest ever for a Middle Eastern country. On the face of it, countries…

Tunisia to issue 1 billion euro Eurobond in January – government source

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Tunisia plans to issue a Eurobond worth 1 billion euros in January as it seeks funding to cover its deficit, a government source said on Monday. The issue was initially scheduled for April, but that was delayed after Tunisia secured a $500 million sovereign bond fully guaranteed by the United States, said the official. “Tunisia will issue in January 2017 a delayed 1 billion euro Eurobond that was first planned earlier this year,” he said, without giving further details. The government is facing further strikes over austerity measures included in…