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Tunisia’s Olive oil production reaches highest growth (IOC)

The International Olive Council (IOC) estimates that Tunisia registered over the 2017/2018 campaign the highest growth in olive oil production, with 120%. The production estimated this year at 220,000 tonnes, which enables Tunisia to rank fourth at the global level. The olive oil production of Turkey, Morocco, Algeria, Argentina, Jordan, ...

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Supporting local capital market and currency in Tunisia

The European Bank for Reconstruction and Development (EBRD) has supported the new modelling of a sovereign benchmark yield curve in Tunisia, a building block for developing capital markets in Tunisian dinar. The new curve was presented today in Tunis to the main stakeholders, including government officials, banks, primary dealers, brokers, ...

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Tunisia expects surge in olive oil production to boost battered economy

Trucks loaded with boxes full of olives were queueing at a press plant in this small Tunisian town as the North African country sees a surge in olive oil production in a badly-needed boost to its ailing economy. Tunisia, one of the world’s top three olive oil producers, expects olive ...

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UNWTO: Southern and Mediterranean Europe, MENA drive tourism growth in October 2017

Destinations around the world welcomed 1.1 billion international tourists between January and October 2017, according to the latest UNWTO World Tourism Barometer. This represents a 7% increase on the same period of last year, or 70 million more international arrivals. Strong demand for international tourism across world regions reflects the ...

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EIB lends 21 mn to Tunisia’s One Tech Holding

The European Investment Bank (EIB) and the Tunisian group One Tech Holding (wiring, mechatronics, computer technology and electronics) signed an agreement in Tunis for a 21-million-euro financing deal to support the group’s expansion and modernisation in production capacity in the cable and mechatronics sector. One Tech intends to invest in ...

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IMF Concludes the 2017 Article IV Consultation and Announces Staff-Level Agreement for Completion of Second Review of Tunisia’s Extended Fund Facility

End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report ...

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Tunisian Four Seasons opens with Roman-inspired spa

The Four Seasons Tunis has opened with a lavish spa inspired by Tunisia’s historic sites and traditions. Located just a short drive from the ancient Roman ruins of Carthage, the resort includes 203 bedrooms and a Roman-inspired spa which was 10 years in the making. Created by spa consultancy Blu ...

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EU and Tunisia end negotiations on new aviation agreement

The European Union (EU) has concluded a new set of negotiations with the Tunisian Government for the development of a futuristic aviation agreement. The agreement is expected to provide additional market access for airlines as well as offer improved connectivity, more choice and reduced fares for travellers. Negotiated by the ...

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Egyptian young businessman Omar Sakr wins ‘elevator pitch’ at the Africa 2017 Forum

Khaled Abdel Ghaffar, Minister of Higher Education and Scientific Research, Egypt, awarded Omar Sakr, founder and CEO of Nawah-Scientific, the winning prize for the “elevator pitch” competition, which was held at Africa 2017 at Sharm-el-Sheikh, in Egypt. The prize is an entry to a training programme at Stanford Business School in ...

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Tunisian parliament approves 2018 budget including fiscal reforms

– Tunisia’s parliament on Saturday approved a 36 billion dinar ($14.55 billion) budget for next year which included a package of fiscal measures to cut the budget deficit. It forecasts the budget deficit to fall to 4.9 percent of gross domestic product in 2018, from about 6 percent expected in ...

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