Day: April 21, 2017

Tunisians close border road to protest Libyan crackdown on fuel smuggling

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A group of Tunisian nationals from Ben Gardane town has shut down a main road between Libya and Tunisia on Wednesday, delaying cars that were on the road and preventing Libyan families from traveling back to their country through Ras Ajdir border crossing. The act aimed to exert pressure on Libya’s Fuel and Gas Crisis Committee (FGCC) to reopen fuel smuggling routes that were used by Ben Gardane locals. The FGCC demanded in a statement on its Facebook page on Thursday official authorities to intervene in what it described “the…

FDI up 16.6% (first quarter of 2017)

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In the first quarter of 2017, foreign direct investment registered a growth by 16.6%. Director of Assistance and Monitoring of Foreign Companies within the Foreign Investment Promotion Agency (FIPA) Hatem Soussi told TAP on Friday that foreign investment reached 462 million dinars (MD), compared to 396.2 MD during the same period last year. The official said investments in the financial portfolio fell by 21.6% compared to last year. He added that this kind of investment will increase during the next period, particularly after the entry into force of the Investment…

Tunisia: decline of reported investment in regional development zones

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The first two months of 2017 saw a 38.1% decline in reported investment in regional development areas to 145.7 MD compared to 235.4 MD in the first two months of 2016. The share of these areas in the total number of governorates increased from 39.8% to 35.8% during the first two months of 2017. This was stated in the latest economic report of the Agency for the Promotion of Industry and Innovation (APII). The decline in declared investments in regional development zones is mainly attributable to the regional development delegations…

Tank Warfare: Tunisia 1943 coming to Steam this May

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Strategy First and Graviteam (experts in developing realistic wargames) have announced that they have formed a partnership to bring their historically accurate World War II strategy war game Tank Warfare: Tunisia 1943 to Steam this May. Tank Warfare: Tunisia 1943 allows players to experience the Tunisian Campaign as both a turn based and real time strategy game.  The game features more than 50 detailed vehicles from the UK, German and US armies and gives would be generals the opportunity the option of playing either the Allied or Axis powers. “Set in North Africa during the Tunisian…

Tunisia will restrict some imports to tackle trade deficit-PM

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 Tunisia will restrict the import of some goods to tackle its widening trade deficit and protect foreign reserves as the local dinar currency slides to historic lows against the euro and dollar, Prime Minister Youssef Chahed said on Friday. Praised for its successful democratic transition after a 2011 uprising, Tunisia has struggled to progress with tough economic reforms to reduce public spending as demanded by the IMF and its international partners. “The fall of the dinar reflects this enormous trade deficit but there is no need to panic. We will…