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EU removes Tunisia from tax-haven blacklist

Tunisia has been removed from the European Union’s list of non-cooperative tax jurisdictions, announced the EU’s Economic and Financial Affairs Council (EcoFin) as it convened on Tuesday in Brussels. “Eight jurisdictions have been removed from the EU’s list of non-cooperative jurisdictions for tax purposes, following commitments made at a high ...

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Tunisian Government opens forex market to spark economic growth

Tunisia faced great economic challenges in the post-Arab Spring era. Now, the country is ready to open up the foreign exchange market to retailers The Tunisian Revolution triggered the Arab Spring that spread into other North African and Middle Eastern countries in 2010-11. Seven years on from the uprisings, Tunisia ...

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“It would be a mistake if economic reform process underway in MENA were to be thrown into reverse” (IMF)

« It would be a mistake if the economic reform process underway in the Middle East and North Africa were to be thrown into reverse,” said Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF). In an article entitled: “Economic Growth and Fairness ...

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Chinese, Russians shore up Middle East tourism

Chinese and Russian visitors boosted Middle Eastern tourism last year following a 2016 slump as Europeans gave the area a wide berth on security fears, according to the World Tourism Organization (WTO). The Mideast region as a whole drew 58 million foreign tourists in 2017 — a 4.8 percent rise ...

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Tunisair direct flights to Cameroon soon

Tunisia’s flagship carrier, Tunisair has resolved to introduce direct flights to Cameroon’s economic capital, Douala. The Cameroonian National Aeronautics Authority (CCAA) said in a statement that the route would “meet the strong demand in Cameroon and strengthen the economic partnership between the two countries”. A delegation of Tunisair officials recently ...

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Leoni : Some 1,200 additional jobs to be created next April

“Leoni Tunisia”, specialising in the manufacture of cables for cars, plans to expand its activities next April to create at least 1,200 additional jobs Prime Minister Youssed said, TAP reports He commened the economic size and the social weight of this company which employs more than 16 thousand managers and ...

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EBRD Lends Figeac Aéro €38 Mln for Expansion in Morocco & Tunisia

The European Bank for Reconstruction and Development has lent French aerospace manufacturer Figeac Aéro SA €38 million to finance its production expansion in Morocco and Tunisia. The EBRD loan will support the transfer of skills and advanced technology and an improvement in local quality standards towards international levels. The creation ...

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IMF does not want austerity in Tunisia: spokesman

The International Monetary Fund does not want austerity in Tunisia, and in fact proposed programs to protect the poor from the impact of economic reforms, a Fund spokesman said Thursday. Several hundred people have been arrested in Tunisia since social unrest erupted a week ago, fuelled by unemployment, corruption and ...

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Spanish hotels fear Brits will choose cheap breaks in Tunisia this summer

SPAIN’S holiday hot spots have been warned they need to find ways to prevent British tourists from being tempted away by cheap holidays to places such as Turkey, Egypt and Tunisia this summer. Hotel bosses say they have “no hope” of competing on price as all inclusive one-week holidays at ...

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Tunisia Seeks Buyer for Majority Stake in Carthage Cement

he Tunisian government has opened a public bid for the sale of its majority stake in Carthage Cement. Carthage Cement S.A is a public company which is specializes in the production of cement, aggregates and concrete. The Tunisian State and Bina Corp are the controlling shareholders of Carthage Cement S.A ...

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