ANSA and TAP sign cooperation accord

A cooperation accord signed Wednesday between the Italian news agency ANSA and its Tunisian counterpart TAP will focus on the Mediterranean, political and humanitarian tensions as well as economic relations between the countries in the region. The agreement was signed in Tunis by ANSA CEO Giuseppe Cerbone and his TAP counterpart, Lotfi Arfaoui, during a seminar entitled ‘The Future and Challenges in Bilateral Relations and Cooperation between Italy and Tunisia’. “This agreement is a great opportunity to strengthen the already wide-ranging collaboration between Italy and Tunisia,” Cerbone said, while Arfaoui…

Tunisian President Orders Army to Protect Oil and Gas Fields

Tunisia’s President Beji Caid Essebsi on Wednesday ordered the army to protect phosphate, gas and oil production facilities after protests aimed at disrupting output broke out in the south of the country. It is the first time troops in Tunisia will be deployed to protect industrial installations that are key to Tunisia’s economy. Protests, sit-ins and strikes in recent years have cost the state billions of dollars. For several weeks, about 1,000 protesters in Tatouine province, where Italy’s ENI and Austria’s OMV have gas operations, have been demanding jobs and…

Tunisia’s electoral chief resigns, citing interference ahead of municipal polls

Tunisia’s president, Beji Caid Essebsi, has criticised the surprise resignation of the country’s electoral chief just months before it is due to hold its first post-revolution municipal tunielections. Chafik Sarsar resigned on Tuesday, implying he was no longer able to work “independently and impartially” towards holding “free and transparent elections”. The president said Sarsar told him he was resigning in a phone call. “I said ‘yes, I saw it on television …. You could at least have asked me beforehand’,” Essebsi said in a speech in Tunis, with Sarsar in…

Tunisian Big Data Startup Datavora Raises Funding To Support E-Commerce Ventures

For e-commerce startups in MENA and all over the world, it is a conflicting time to do business- while the industry is thriving on the whole, the pressures of competition are perhaps at the highest levels and are indicative of a winner-takes-all scenario. Add to that the poor levels of customer loyalty in online shopping, and you have a difficult problem in your hand as an e-retailer. It is in such tough times that entrepreneur Hedi Zaher felt that it would serve e-commerce players well to do something about the…

More chances offered for Tunisian students to study in China

Tunisia and China will have more cooperation on higher education at the level of government and academies, said on Tuesday Tunisian Minister of High Education and Scientific Research Slim Khalbous during the opening ceremony of China Campus 2017 in Tunis. Khalbous praised China’s efforts on higher education development and the academic cooperation between China and Tunisia, saying “Tunisia expects and welcomes more Chinese students to study here.” Altogether 22 Chinese famous universities and colleges, including Peking University and Wuhan University, took part in this event, which is the biggest education…

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…