Arab Radio and TV Festival closes

The Arab Radio and TV Festival closed Sunday in Tunis on Sunday with a celebration of Palestine. The closing ceremony was marked by the distribution of awards of the competitions organized by the Arab States Broadcasting Union (ASBU), for winning radio and TV productions. Winners were Tunisia (Al Maestro of the national tv production awarded the first prize for social series) in addition to Qatar, Saudi Arabia, Tunisia, Yemen, Iraq, Oman, Palestine and Morocco. ASBU organized the Arab Radio and Television Festival in cooperation with the Tunisian Radio and Television…

Moody’s alerts to Tunisia’s weak fiscal strength

Moody’s cautioned about Tunisia’s finances due to the weak fiscal strength and rising debt. The credit rating agency ranked Tunisia in the B2 negative category in view of the credit challenges including the structural deterioration in its fiscal strength, with the debt ratio has increased sharply to 77% of GDP at the end of 2018 from 70.4% in 2017, Moody’s noted. Current account dynamics continued to deteriorate in 2018, exacerbating external funding pressures and weighing on foreign-exchange reserve dynamics, it said. “The negative outlook on Tunisia’s sovereign rating reflects the…