Day: May 16, 2018

Olive oil tourism of Ben Ismail Farm is new option for Rural Destination Development in Tunisia

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From the very first steps you make in the landscape surrounding the Ben Ismail farm you realize that this is  an area unique in Tunisia with its greatness and fertility. The Ben Ismail farm that includes some 5,000 olive trees, is the land that gives the extra-virgin “Chétoui” oil “Triomphe de Tuccabor”,  that was awarded the gold medal at the London International Olive Oil Competition (IOOC) in 2017. An event  regarded as one of the most prestigious competitions in the world. The Ben Ismaïl farm is a family reserve that…

Arab Monetary Fund helps Tunisia develop business environment

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Tunisia will benefit from the loans provided by the Arab Monetary Fund to better develop its business environment, said Abderrahmane Al-Hamidi, Director-General of the Arab Monetary Fund, on Monday. “We granted two tranches of loans to Tunisia, each worth 130 million U.S. dollars delivered last month in Jordan,” said Al-Hamidi at an African summit. “These loans are part of the program of financing Arab trade.” The loans would be invested to help develop business environment in Tunisia, targeting the development of small and medium enterprises, to create jobs and provide…

Tunisia’s central bank holds key rate unchanged at 5.75 %

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The  Central Bank of Tunisia (BCT) said on Wednesday it kept its key interest rate unchanged at 5.75 %. The BCT board said that the persistence of inflationary pressures – inflation stood at 7.7% at the end of April 2018 year-on-year – noting that the pace of price change is likely to negatively impact the economic recovery. This requires precise monitoring of the causes of inflation, better co-ordination of economic policies and implementation of appropriate mechanisms to mitigate its effects. In March, the central bank raised the rate to 5.75…