Day: April 26, 2018

Thomas Cook Says Terror Slump Over as Tunisia Bookings Jump

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Thomas Cook Group Plc said a slump in Europeans traveling to sunspots hit by a spate of terrorist attacks is effectively over as tourists flock back to eastern Mediterranean and north African countries.  The holiday giant’s bookings in Turkey for the coming summer season are approaching previous levels and it’s also piling on capacity to Tunisia and Egypt, Chief Executive Officer Peter Fankhauser said in an interview in London.  Demand is being driven by a perceived lower terror threat as time passes, combined with a jump in the cost of vacations…

ABC Tunisia issues an $8.2 million bond to finance its development strategy

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ABC Tunisia, a subsidiary of Bahrain-based Bank ABC group, announced the placement of a bond loan worth TND20 million ($ 8.2 million) broken into 200,000 bonds valued at TND100 each. This bond placement will focus on three categories. Category A with an interest rate of 8.20% over a 5-year period, category B with a slightly higher interest rate (8.40%) and a maturity of 7 years while Category C has a term of 7 years with an interest rate of 8.50%. With this step, Bank ABC Tunisia hopes to raise additional…

EU-Tunisia partnership strengthening in focus at EU High Representative meeting with Tunisian PM

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The High Representative of the Union for Foreign Affairs and Security Policy / Vice-President of the Commission Federica Mogherini met yesterday with Tunisian Head of Government Youssef Chahed in Brussels. They discussed the strong relations between the European Union and Tunisia and the current situation of the country. The EU-Tunisia relations are based on a solid cooperation and several achievements. Mrs Mogherini and Mr Chahed both expressed their shared will to deepen this cooperation, with even more tangible results for the Tunisian citizens. Since the revolution of 2011, the EU…

UN launches youth initiatives in four Muslim states

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The United Nations has laun­ched a project to support youth-driven initiatives in education, science, culture and the media in Jordan, Libya, Morocco and Tunisia, according to a press statement released on Tuesday. Vladimir Voronkov, who heads the UN’s counter-terrorism office, (UNOCT) met Audrey Azoulay, head of the UN cultural agency, in Paris to initiate the joint project, “Preventing violent extremism through youth empowerment in Jordan, Libya, Morocco and Tunisia”. “Working at the local level with young people [is important] to identify the best ways to prevent violent extremism and win…