Category: business

Finance Minister Ali Kooli said Tunisia will soon move to decriminalize the buying of bitcoin. This comes after the recently reported arrest of a 17-year-old crypto user. According to reports, Minister Kooli says he wants to decriminalize the purchase of bitcoin in order to avoid having another Tunisian youth jailed. This by way of running afoul of the country’s unclear cryptocurrency regulation. He said in a recent TV interview. Kooli‘s remarks follow recent Tunisian reports of the arrest of a 17-year-old crypto user by law enforcement. After the teenager’s reported arrest on suspicion…

Drilling activities in the recently acquired “Robbana” concession in onshore Tunisia are set to commence. Zenith Energy Ltd made the announcement and stated that it was in the process of finalising its plans. Early in the second quarter of 2021, Zenith Energy announced that it had acquired the Robbana concession covering an area of 48km2 on the island of Djerba in the Gulf of Gabes. The Company intends to drill the Robbana-3 (ROB-3) well an infill vertical well with a budget of US$1.5 million. “We are delighted to begin our…

The Tunisian-African Business Council (TABC) unveiled on Wednesday May 26, the list of projects to be carried out in Libya by Tunisian companies. The day after the closure of the Tunisian-Libyan forum, in Tripoli, the TABC reveals that the Minister of Housing and Urban Planning of the Libyan unity government, Aboubaker al-Ghaoui, has given instructions to conclude contracts with Tunisian companies in the housing sector; the first project will be carried out by SNIT housing company and consists in the construction of 800 housing units in Tripoli. It was also…

Tui has cancelled another tranche of holidays because of “ongoing uncertainty”, Travel Weekly reports. “Unfortunately we had to cancel all holidays to the following red and amber destinations” up to and including June 13: Aruba, Croatia, Cyprus, Greece – Crete (Chania), Halkidiki, Kefalonia, Preveza, Samos, Santorini, Skiathos, Thassos, Zante – Italy, Jamaica Spain – mainland Spain, Formentera, Mallorca, Ibiza, Menorca, La Palma – and Tanzania”, Travel Weekly quoted Tui. It also said all Tui Lakes & Mountains holidays are cancelled up to and including June 13. Another tranche of holidays…

Following the visit of Tunisian Prime Minister Hichem Mechichi and his accompanying delegation to Tripoli on Saturday, a Memorandum of Understanding was inked between Libyan Minister of Transport, Mohamed Shahoubi and Tunisian Minister of Transport and Logistics, Moez Chakchouk. The signing ceremony took place in the presence of the Libyan Prime Minister Abd Alhamid Aldabaiba and Tunisian Prime Minister Mechichi. During these bilateral meetings, coordination was made to form several joint committees in various modes of maritime, air and land transport in order to enhance joint cooperation between the two…

Increasing production paired with rising vegetable oil prices is also expected to yield record exports and olive oil consumption levels. Olive oil production is expected to reach a four-year high in the 2021/22 crop year, according to the latest report from the United States Department of Agriculture (USDA). The USDA anticipated that production will reach 3.3 million tons, its highest point since the 2017/18 crop year, which saw bumper harvests in Algeria, Argentina, the European Union, Morocco and Tunisia, along with a record harvest in Turkey. The optimistic production forecast is mostly fueled by the expectation of…

The United States will grant Tunisia $500 million in aid to finance infrastructure and other projects and talks are also advanced on a loan guarantee, Tunisian finance minister Ali Kooli told Reuters on Monday. “Our visit to Washington was important and fruitful with International Monetary Fund, World Bank and American officials”, said Kooli, who was in Washington to start discussions about a new loan program with the IMF. Tunisia, which has seen its debt burden rise and economy shrink by 8.8% last year in real terms, has started talks with…

The National carrier, Tunisair, announced a scheduled flight on Monday from Carthage International Airport to Mitiga Airport in Tripoli, noting that the plane would return the same day at 4:10 pm (GMT). The company had postponed the flight resumption date, which was scheduled on April 27, due to the epidemiological situation and the decline in the number of passenger trips between both countries. Tunisair had earlier pointed to attempts to secure five flights per week to Libya, an average of three flights to Tripoli and two weekly flights to Benghazi,…