This Man Hopes to Bring Peace to the Middle East by Solving Sky-High Unemployment

In 2006, Ron Bruder, an American entrepreneur and property developer, set out to see if he could crack one of the Middle East’s most explosive and intractable problems: youth unemployment. He started a non-governmental organization (NGO) called Education For Employment (EFE) to help young people in the region learn a marketable skill and find employment. These are the crucial first steps to building a stable community—a cycle that was utterly broken, as many youths in the Arab world struggled to land jobs. All too often young people graduated from high…

No Foreseeable Remedy for Tunisia’s Ailing Healthcare Sector

Infested with rampant corruption, the public health sector finds itself in the hands of conspirators engaged in the theft and embezzlement of public money through dubious deals. For decades, Tunisia has prided itself on the billions of dollars invested in building an advanced healthcare system that offers decent healthcare for its citizens, as well as Arab and foreign residents and visitors. However, that rosy image is being dissipated by the dark reality of accumulated ailments. Nowadays, the shortage of medicines has become so commonplace. It indicates a huge disruption to…

Arab countries ranked by youth unemployment

Figures showed a worrying 9 percent increase in youth unemployment compared to the results of the previous year. Last year, the results of the ninth ASDA’A Burson-Marsteller Arab Youth Survey showed that more than half of the Arab youth in the region believe that their biggest concern about the future is the fear of unemployment. At the time, 51 percent of young Arabs, male and female between the ages of 18-24, expressed their worries that they might not be able to either keep their current jobs or find new positions, as they complained…

Tunisia Continues to Suffer Macroeconomic Vulnerabilities – IMF

Tunisia continues to face elevated macroeconomic vulnerabilities and high unemployment, said the IMF Executive Board after completing the second review under the Extended Fund Facility (EFF) Arrangement. In 2017, Tunisian economy made a modest recovery. The country’s debt has “continued to increase, inflation has accelerated, and international reserve cover is now less than three months of imports”, added the IMF in a press release, noting that decisive implementation of the policies under the Fund-supported program is necessary to sustain macroeconomic stability. The IMF completion of the review allows the Tunisian…

Tunisia seeks to build “Silicon Valley” by 2020

A new Tunisian act that paves the way for entrepreneurs to establish startups but fears of losing ambitious plans in bureaucratic paths arouse. A large fringe of Tunisian entrepreneurs and young people are waiting for parliament next week to approve the draft law on establishing start-up companies, on which the government is highly betting to make a boost in the investment sector to move growth forward. The law aims at laying motivating foundations for the establishment of start-up companies based on the principle of innovation and the adoption of modern…

Tunisia’s leader calls for electoral reform, acknowledges reasons for disappointment with government performance

Caid Essebsi left the future of the government led by Prime Minister Youssef Chahed hanging as speculation about a reshuffle continues. Tunisian President Beji Caid Essebsi called for a revision of the country’s electoral law but refrained from suggesting an expected constitutional reform to shore up presidential powers. Caid Essebsi said a small team of experts would study the possibility of amending the elections law and report on its conclusions. Any change of the law would be applied to parliamentary and presidential elections in 2019, not the municipal vote scheduled…

Tunisia drowns in negative international rating

“Moody’s experts believe that longer-term uncertainty may have increased and ruled out a solution to the rapidly accumulating economic crises within months, putting risks on the pillars of Tunisia’s growth which is already a fragile economy.” Tunisia needs an urgent miracle to emerge from the international downgrade of its economy, which has worsened after Moody’s downgraded the country’s rating. Moody’s downgrades Tunisia’s rating to B2 from B1, outlook changed to stable, as authorities struggled to change the tools of the slowing financial system by assigning this almost impossible task to…

UTICA in Full Gear with its New President

The newly-elected president of UTICA – Tunisian Confederation of Industry, Trade and Handicrafts, has been sending shockwaves across the political and economic circles of the country. His frequent presence on TV and radio programs in recent days provided him with unprecedented public exposure to reiterate what he –and many others- really think about the economic challenges facing the country. Samir Majoul, elected as 7th UTICA president on January 17, 2018, seems determined not to adopt a stereotyped discourse when talking about the state of Tunisia’s economy. He made it cristal…

Seeing the ‘political crisis’ behind Tunisia’s economic morass

Despite abundant natural resources, Tunisia has recorded lower GDP growth, higher unemployment and increasing foreign debt since 2011. While Tunisia has overcome the threat posed by jihadists to its nascent democracy, it remains embroiled in economic and social crises because of the failure of political elites to harness the country’s potential, said the head of the Tunisian Institute for Strategic Studies (ITES), a think-tank affiliated with the Tunisian presidency. “Tunisia has defeated terrorism. The threat from jihadists is now behind us. Tunis is as safe as Paris or other European…

Italy: Tunisia, A Rising Investment Destination

The international financial stage is seeing a fundamental change in financial data and a major shift in existing economic blocs, together with the emergence of new economic blocs and the potential disintegration of major economic powers and even major economic unions such as the European Union are not immune to financial collapse. In light of these changes, the January 2011 revolution in Tunisia and the neighbouring conflicts in Iraq, Syria and Libya, there has been a radical change of economic policy of the Tunisian state. The impact of previous detrimental…