Dubai’s Sokotra Capital Acquires Tunisian Fish Farm L’Aquaculture Tunisienne

Dubai investment firm Sokotra Capital has led a consortium of buyers to acquire the Tunisian fish farm operator L’Aquaculture Tunisienne for an undisclosed amount. Serving both the local and export market, L’Aquaculture Tunisienne is the largest seabass and seabream hatchery and nursery in North Africa, with a current annual production capacity of 20 million fingerlings and 1,500 tons of fish per year, the companies said in a statement. The firm was founded in 1988 by Si M’hamed Driss, and is based in Sousse.  Now backed by new owners, L’Aquaculture Tunisienne has…

Home’s where the heart is: Tunisia in comeback

THERE’S a knack to eating a Brik, the traditional Tunisian delicacy of a runny fried egg stuffed inside a triangular case of pastry. And, as I sat under the scorching sun outside an open-air café, I hadn’t got it. You’re supposed to hold the concoction up over your head, take a bite and then let the egg trickle straight into your mouth. Only I missed and splashed a yellow splodge down my clean white T-shirt. “Ha, ha,” giggled my unsympathetic companion, “the yolk’s on you!” Well, at least I hadn’t…

This Tunisian Entrepreneur Is Building A Platform That Will Revolutionize Africa’s Real Estate Market

From humble beginnings in 2017 to participating and successfully graduating as one of seven selected startups in the second cycle of Flat6Labs Tunis; a prominent accelerator program in MENA, just over a year later, Riadh Ellouze’s creation appears to be pulling down all the stops, surmounting the hurdles, beating the odds, and heading in the right direction. Logis; the Tunisian entrepreneur’s startup, is looking to blaze trails and navigate uncharted courses in its bid to pioneer the creation of Africa’s very own property haven. And with the features and tools it has…

Strengthening ties in the region: UfM S-G received by PM

Union for the Mediterranenan (UFM) Secretary-General Nasser Kamel stressed that Tunisia, by virtue of its geostrategic position and its close ties with key regional partners, is at the heart of any project bearing the name of the Mediterranean as he was received by  Prime Minister Youssef Chahed. Mr. Chahed, who reaffirmed his support to the work of the Union for the Mediterranean and conveyed the message that the cooperation in the Mediterranean is essential in order to strengthen ties among the countries and the peoples of the region. Secretary General Nasser Kamel…

Tunisia: phosphate production increases by 10 thousand tons Q2 2018

Phosphate production hasincreased by ten thousand tons in the second quarter of 2018, compared to the same period of 2017, said Hachem Hmidi, Secretary of State for the Minister of Energy, responsible for Mines. This production should reach 4.5 million tons by the end of 2018, he estimated, predicting that the domestic phosphate production will double with the launch of three new public projects. Among these projects is the one in Meknassi (Sidi Bouzid governorate) which will start in a few weeks, with an estimated initial production capacity of 500,000…

Alternative tourism in Tunisia, Off the beaten tourist track

Demand for the classic Tunisian beach package holiday has slumped as a result of unrest in the wake of the Arab Spring and direct attacks on foreign tourists in recent years. Nevertheless, a small but growing number of local entrepreneurs are pursuing alternatives to the all-inclusive cheap deal, offering experiences that bring visitors closer to the country and its people – and that are kinder to the environment. By Madeleine Löning. Tunisia. Most holidaymakers associate the small north African country with sun, sand, sea and massive, characterless hotels. But the…

40 migrants refused by Malta, Italy land in Tunisia; EU sends Morocco funds to help halt migration

Forty migrants have disembarked at the southern Tunisian port of Zarzis after they were stranded for more than two weeks at sea waiting for permission to dock from Tunisian authorities. Ali Hajji, captain of the Sarost 5 boat, told The Associated Press Wednesday “this is a great relief for everyone.” He said two pregnant women have been taken to the hospital, and the Tunisian Red Crescent will take care of other migrants at a shelter in the town of Medenine. The migrants reportedly were at sea in the Mediterranean for…

Tunisia Is Showing Democracy Can Work in the Arab World

While violent civil conflicts have prevailed elsewhere in the Middle East since the Arab Spring of 2011, Tunisia has pursued a transition to democracy without bloodshed. In 2014, the country made massive strides, adopting a new constitution, and then holding its first full parliamentary and presidential elections under that constitution. As with any young democracy, Tunisia’s government continues to face daunting tasks. At the top of the government’s to-do list are revitalizing the economy and building the public’s confidence in a fledgling democracy. That’s a tall order, and government leaders…

THOMAS COOK: HEATWAVE HITS PROFITS AS UK HOLIDAYMAKERS STAY AT HOME

The heatwave has hit profits at Thomas Cook. In its third-quarter trading statement, the giant tour operator said that gross profits had slipped by 3 per cent for the three months from April to June. “We expect full-year profits to be at the lower end of market expectations, said the chief executive, Peter Fankhauser. Warm weather has delayed decisions to book. he said. “The heatwave has meant there are more holidays for tour operators to sell in the lates market.  “We still have about 20 per cent [of summer package holidays]…

Rebranding Tunisia: A Playground For The Fashion-Savvy Arab Millennial

“As Arabs, we suffer from the same stigmas – we’re either seen as terrorists or cash machines who have no taste or culture,” says Sofia Guellaty, founder of online magazine Mille World. Guellaty previously worked as an editor for Style.com/Arabia and Vogue Arabia out of Dubai. Upon returning to her native Tunisia, she came up with the idea of building a tailor-made media brand that would serve as an accurate representation of young Arab voices. “Some of us like skateboarding, some of us are into rap. Being Arab is complex…