Archive for June, 2012

U.S. to Organize Conference on Recovery of Arab Spring Dictators’ Assets

| 30 June 2012 | 0 Comments

On Thursday, U.S. Undersecretary of State for Economic, Business, and Agricultural Affairs Robert Hormats announced that the U.S. government will hold a conference in September in which the U.S. intends to provide Arab Spring countries the necessary support to recover foreign assets owned by deposed Arab Spring leaders. “These countries, which witnessed their regimes collapsing overnight, have [...]

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First Islamic Mutual Fund Created in Tunisia

| 30 June 2012 | 0 Comments

The first Tunisian mutual fund complying with Islamic sharia law was established yesterday. In a press conference, held at the headquarters of the Stock Market of Tunis, General Director of the Fund of Deposits and Consignment (CDC) Jamel Belhaj announced the creation of “Theemar” as the first Islamic product of its kind in the market [...]

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Ministerial Council Votes to Enhance Compensation to Revolutionary Martyrs and Wounded

| 27 June 2012 | 0 Comments

Families of the martyrs and wounded of the revolution in protest in front of the Ministry of Human Rights and Transitional Justice During a meeting held yesterday, the cabinet of the ministerial council amended Decree No. 97, which deals with compensation to the victims of Tunisia’s revolution. The council will enlarge the Commission on the [...]

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€30 Million of German-Owned Debt Converted to Development Projects

| 27 June 2012 | 0 Comments

Tunisia and Germany forged an agreement today to convert €30 million of German-owned Tunisian debt into regional investment projects. On behalf of the Tunisian government, Secretary of State to the Minister of Foreign Affairs Touhami Abdouli signed the accord along with Regional Councilor  for North Africa at the German Reconstruction Credit Institute (KfW) Christoph Krieger [...]

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Tunisia to Allow Passport-Free to Travel for the Citizens of the Maghreb

| 26 June 2012 | 0 Comments

Tunisia is adopting new measures concerning the residency of the Maghreb’s citizens in Tunisia. According to Mosaique FM, Abdallah Triki, the Deputy Minister of Foreign Affairs confirmed on Sunday that “the citizens of the Greater Maghreb will be able to enter and stay in Tunisia for as long as they want with only with an identity [...]

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Tunisia to Issue Sovereign Bonds in US Market for Budget Support

| 26 June 2012 | 0 Comments

USAID Assistant Administrator Mara Rudman and Tunisian Ambassador to the US Mohamed Salah Takaya sign the sovereign loan guarantee on June 8. Tunisia is looking to raise $400 to 450 million in support of its state budget by selling sovereign debt in the U.S. bond market no later than mid-July. The decision comes as a [...]

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Left Wing Coalition Joins Former Tunisian PM’s New Political Movement

| 25 June 2012 | 0 Comments

The new political movement created by Tunisia’s former Prime Minister Beji Caid Essebsi – “Nidaa Tunis” or “The Call for Tunisia” – continues to gain support from other Tunisian political parties. The Social Democratic Path – an alliance that was created in March 2012 by combining the Renewal Movement (Ettajdid Movement), the Tunisian Labor Party, [...]

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Bill Gates Invited to Attend Forum on Business and Technology in Tunisia

| 25 June 2012 | 0 Comments

The Kram Exhibition Park will be hosting the Forum of Business and Technology, also known as CAT 2012, from November 28 to 30. This summit is organized by the Agency for Promotion of Industry (API) and is expected to attract 15,000 professional visitors, 1,000 foreign businessmen, and 500 exhibitors that include 300 Tunisian industrial companies. The [...]

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Tunisia Receives Welcome News About Tourism Growth

| 24 June 2012 | 0 Comments

In the first five months of 2012, tourism revenue in Tunisia increased 36.2%, from 678.3 million dinars (426.9 million dollars) during the same time last year, to 924.0 million Tunisian dinars, according to TAP. TAP writes that tourism revenue is still 12.4% what it was in the same period in 2010,  according to the Tunisian [...]

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Amidst Political Strife, Mohamed Morsi Declared President of Egypt

| 24 June 2012 | 0 Comments

After lengthy and contentious investigations, Egypt announced today that Mohamed Morsi of the Freedom and Justice Party has been elected president with 51.73% of the vote. The election pitted Ahmed Shafik, former Prime Minister under ex-president Hosni Mubarak, against Mohamed Morsi, a candidate from the Freedom and Justice Party, affiliated with the Muslim Brotherhood. With [...]

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