Tunisia starts preparatory work for debut sukuk issuance

The government of Tunisia is preparing its first ever issuance of a sukuk with the Tunisian stock exchange, Bourse de Tunis, and Nasdaq Dubai, according to a statement issued by Nasdaq Dubai on Wednesday. Preparation work will consider commercial, legal and regulatory issues, including sharia-compliance aspects, ahead of potential sukuk issues aimed at both domestic and international investors. Tunisia needs about $2.85 billion in external funding in 2017 and plans to issue a sukuk, or Islamic bond, of $500 million to cover its budget deficit, the then finance minister Lamia…

Madjed Berhoumi, “Any agreement must be concluded in perfect cohesion with all the stakeholders”

Madjed Berhoumi, political scientist, Director of Maghreb Research, Study and Documentation Centre said in an interview with Reporters that any agreement must be concluded in perfect cohesion with all the stakeholders. Interview :  Reporters: Two officials from Benghazi and Tripoli, Aguila Salah and Al Suweihili, have met recently for the first time in Rome. What importance is given to their meeting today? Madjed Behroumi: It is clear that this is an important meeting that brings together two major stakeholders in the Libyan political scene. It is a meeting between the…

NATO S-G discusses the fight against terrorism with Tunisian Foreign Minister

NATO Secretary General Jens Stoltenberg welcomed Tunisian Foreign Minister Khemaies Jhinaoui to NATO Headquarters on Tuesday (9 May 2017) for talks on regional security and the partnership between the Alliance and Tunisia. The Secretary General and Minister Jhinaoui discussed the strong partnership between NATO and Tunisia, and agreed on the importance of regular political dialogue and practical cooperation. Mr. Stoltenberg highlighted that the Alliance is committed to strengthening its cooperation with Tunisia, including in the fight against terrorism. NATO has provided support for the training of Tunisian Special Operations Forces…

North African Leaders Express Optimism Following Macron’s Victory

As is the case with France and mainstream Europe, North Africa on France’s Mediterranean neighbourhood breath a sigh of relief after Centrist Emanuel Macron decisively defeated Far-rightist Marine Le Pen in one of a thrilling and tumultuous presidential election campaign. As soon as Macron’s victory was announced North African leaders, notably France’s former colonies, Morocco, Algeria and Tunisia sent congratulatory letters expressing optimism over future relations with France. King Mohammed VI of Morocco described, in a message, Macron’s election as a “culmination of a political career,” lauding the personal characteristics…

Tunisia: TAEF launches student internship program for two summer months

The Tunisian American Enterprise Fund (TAEF) has launched its new Fellows Program. This is a unique internship opportunity for students interested in contributing to the growth of small and medium-sized enterprises (SMEs). The Fellows is a unique internship program launched in 2017 specifically for students interested in supporting SME growth in Tunisia. It is designed to nurture the next generation of entrepreneurs and business people while providing talented interns to TAEF investees to work on pre-selected, intensive projects. The students will work on specific projects in these companies during the…

Train to link Algeria, Tunisia

The Algerian National Transportation Company (SNTF) and the Tunisian National Railways (SNCFT) will start operating six trips by train a week, a source in Algeria said. The first trip will depart from Algeria on Sunday while the first trip from Tunisia will depart the following day. Algeria’s An-Nahar newspaper reported that the following trip from Algeria will depart on Tuesday heading to Tunisia, while the return trip will depart on the following day. Tickets for the service will be valid for three months and can be purchased on the internet…

Tunisian job protests hit oil and gas output

Protests over jobs and development in southern and central Tunisia have halted production at or shut the fields of two foreign energy companies in a new challenge to the country’s Prime Minister Youssef Chahed. For Tunisia, a small oil and gas producer compared to its OPEC neighbors Libya and Algeria with national production is around 44,000 barrels per day, the protests come at a sensitive time as Chahed’s government tries to enact austerity reforms. Tunisia’s Energy Minister Hela Chikhrouhou told reporters sit-ins halted production at energy company Perenco’s Baguel and…

Monastir: First air show scheduled for July 25 in Bekalta

The “ULM Aircraft” Center in Bekalta (governorate of Monastir) will organise, next July 25, the first air parade, in collaboration with the Tunisian Federation of Aeronautical Sports and Associated Activities (French:FFTSAAA ) and the French Federation of Ultra-Lightweight-Motorized Planters (French: FFPLUM), said pilot and investor in the aerospace sector Ramzi Mestiri. Testing with two light two-seater aircraft will be carried out at the end of May, he said, adding that recreational aviation tours will now be scheduled on board these aircraft, which will fly over an authorised route Including the…

Tunisia ‘Best African Tourist Destination in 2017’- Shanghai World Travel Fair

The battered tourism sector in Tunisia has received a much needed boost from China’s Shanghai World Travel Fair which celebrated the north African country as the “Best African Tourist Destination in 2017”. This timely distinction will add fresh impetus to the tourism sector in Tunisia as it seeks to diversify its tourist sources. It will also help Tunisia showcase its tourism attractions in China, the largest tourists emitting market in the globe with 100 million travellers annually. Last year, Chinese tourists visiting Tunisia rose by 94% to stand at 7396…

French election 2017: Euro surges against dollar after Emmanuel Macron’s election as French president

The Euro has surged against the dollar since Emmanuel Macron’s victory in the French presidential election. According to Reuters, the Euro rose to $1.1023 within the first 30 minutes of projections showing the 39-year-old’s victory. It was the first time the Euro had risen above $1.10 since Donald Trump was elected U.S. president in November last year. The EU currency closed at 1.099 against the dollar at the end of the trading day on Friday.  Centrist Macron beat former National Front leader Marine Le Pen with 65.5 per cent of…