Morocco and Tunisia have all advantages to promote South-South collaboration says ambassador Latifa Akharbach

Morocco and Tunisia have all the advantages to promote South-South collaboration, in partnership, and jointly seek investment opportunities in Africa and new opportunities to export goods, services and human capital, Latifa Akharbach, ambassador of Morocco to Tunisia said. She was speaking at the opening of a conference debate organised on Tuesday by the embassy of Morocco to Tunisia in the headquarters of the Tunisian Confederation of Industry, Trade and Handicrafts (UTICA), on the theme “Maghreb Africa what economic paths for the consolidation of continental integration?”,   with the participation of Tunisian…

Olive oil prices surge as drought hits harvests

Dwindling supplies sees cost of a litre rise six per cent in last six months Prices have surged so far this year but this time we’re not talking about the black stuff, but rather the type that comes from olives. The price of olive oil is up around a quarter this year to more than $4,200 a tonne, says the Financial Times. According to the Daily Telegraph, the cost of a litre bottle has risen six per cent to £5.16 “in the past six months alone”. The price was £4.41 in…

Top European, North African Entities Forge Mediterranean Film Industries Pact

Italy’s Rome Lazio Film Commission, the Spain Film Commission, France’s Ile-de-France, the film commissions of Andalucia and Tangiers and the Carthage Film Festival have joined forces to set up the Euro-Mediterranean Audiovisual Center in a pact that aims to foster stronger film industry ties among Mediterranean countries. The pact, inked in Cannes, was spearheaded by Lazio Film Commission president Luciano Sovena who has long been building cinematic collaboration between Italy and North African territories. “Having Spain and France come on board is a game changer,” Sovena said, noting that France…

Kuwait- KFAED, Tunisia sign initial agreement to build four hospitals

The #Kuwait Fund for Arab Economic Development (KFAED) has signed an initial loan agreement worth KD 24 million (USD 79 million) with Tunisia’s Ministry of Development, Investment and International Cooperation (TIDAD) for the construction of four hospitals. On the sidelines of a signing ceremony, head of KFAED’s delegation Tareq Al-Munayyes told KUNA in a statement Tuesday that the loan makes up 78 percent of the project’s total cost. The four hospitals will be established in the governorates of Siliana, Jendouba, Sidi Bouzid and Kairouan, he said, indicating that the delegation…

Tunisia Raises Interest Rate to Highest in More Than 5 Years

Interest rate has been raised 75 basis points in two months Central bank notes inflation, increased government spending Tunisia raised its benchmark interest rate for the second consecutive month, pushing it to its highest level in more than 5 years in a bid to combat inflation and stem the decline of the dinar as it moves ahead with IMF-backed economic reforms. The central bank raised the key rate by 25 basis points to 5 percent, it said in a statement on its website following a meeting late Tuesday. Over the…