Day: November 18, 2017

EIB Finances New Suburban Network In Tunis

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With this new financing with the Republic of Tunisia and the Tunisian National Railways Company (SNCFT), the European Investment Bank (EIB) is strengthening its support for the development of efficient and sustainable urban transport infrastructure accessible to Tunisians living in the country. More than 15,600 jobs will be created during the development of the railway project which will provide the city of Tunis with a new 17km rapid transit system with lines D and E. HE Mr Zied Ladhari, Minister of Development, Investment and International Cooperation (MDICI) and Ms Flavia…

Cyprus smashes record for tourist arrivals in 2017

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Cyprus has smashed its record for annual tourist arrivals with two months to spare, with the total reaching 3.4 million at the end of October, official figures showed today. The eastern Mediterranean island has benefited from its reputation as a regional safe haven as unrest has hit the tourism sectors of its traditional competitors Egypt, Tunisia and Turkey. Arrivals in the first 10 months already comfortably exceeded the record 3.18 million registered in the whole of 2016. Cyprus has benefited from a boom in visitors from its largest market, Britain…

Migrant crisis: Europe should stop using Libya as a dumping ground

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With no central government and its own crises, Libya is ill-equipped to deal with an influx of returned migrants requiring shelter Although it is not a new problem, the issue of migration has accelerated sharply in the past five years, and migration from mainly sub-Saharan African countries to Europe across Libya can be traced back to the year 2000. Libya is not the only route for migration, with Morocco and Tunisia also used to a much lesser extent. The migrants come from many countries such as Nigeria, Gambia, Mali, Senegal,…

Libyan Higher Council of State to consider early elections in case of political deal failure

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Abdurrahman Swehli, the head of Libya’s Higher Council of State, said Thursday that the council will next week discuss the possibility of holding early elections within six months if the country’s political agreement fails. Swehli made the remarks during a meeting with Bettina Muscheidt, EU’s ambassador to Libya, in Tripoli, where the pair discussed the latest political and security developments in Libya. “The Council will discuss a proposal to hold early elections within six months, overseen by a small caretaker government of technocrats, should the negotiations for amending the UN-sponsored…

Tunisia: Ayari confirms return of growth, unveils major project

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Governor of the Central Bank of Tunisia (BCT), Chedly Ayari, announced a slight improvement in key economic indicators; even the beginnings of an economic recovery. “The trend is positive and things are improving … this will be reflected in the figures that we will publish soon,” Ayari told reporters, on the sidelines of the Entrepreneurship Forum held on Thursday, November 16, 2017, on the initiative of the Arab Institute of Business Managers (IACE). He pointed out that the Central Bank is stepping up efforts to avoid a slippage in the…