THOMAS COOK: HEATWAVE HITS PROFITS AS UK HOLIDAYMAKERS STAY AT HOME

The heatwave has hit profits at Thomas Cook. In its third-quarter trading statement, the giant tour operator said that gross profits had slipped by 3 per cent for the three months from April to June. “We expect full-year profits to be at the lower end of market expectations, said the chief executive, Peter Fankhauser. Warm weather has delayed decisions to book. he said. “The heatwave has meant there are more holidays for tour operators to sell in the lates market.  “We still have about 20 per cent [of summer package holidays]…

Rebranding Tunisia: A Playground For The Fashion-Savvy Arab Millennial

“As Arabs, we suffer from the same stigmas – we’re either seen as terrorists or cash machines who have no taste or culture,” says Sofia Guellaty, founder of online magazine Mille World. Guellaty previously worked as an editor for Style.com/Arabia and Vogue Arabia out of Dubai. Upon returning to her native Tunisia, she came up with the idea of building a tailor-made media brand that would serve as an accurate representation of young Arab voices. “Some of us like skateboarding, some of us are into rap. Being Arab is complex…

Tunisia foreign investments up 17.7 pct in H1

Foreign investments in Tunisia jumped by 17.7 % in the first half of this year, Tunisian Minister of Investment and International Cooperation Zied Laadhari said on Tuesday. “The government is currently promoting investment potentials in different regions of the country,” said Laadhari. “Nowadays, it will be necessary to achieve equal opportunity for development in all regions of the country,” the official said. Laadhari announced that a high-level global conference, to be held in Tunis in September, will unveil over 20 public-private partnership projects. He recalled that “the regional development program…