Archive for July 24th, 2012

Moody’s Downgrades Tunisia’s Credit Rating Due to Political Concerns

| 24 July 2012 | 0 Comments

Yesterday, Moody’s Investor Services downgraded Tunisia’s sovereign credit rating to Baa3. The rating reflects uncertainty in Tunisia’s business and investment sectors following the Tunisian government’s dismissal of Mustapha Kamel Nabli, the governor of the central bank. The Baa3 rating is considered a “medium” investment-grade rating, characterized by moderate associated risk and an “acceptable” ability to repay [...]

Continue Reading

Tunisian President Sends Condolences to Obama Following Aurora Shooting

| 24 July 2012 | 0 Comments

Today, the Tunisian Office of the Presidency issued a communiqué stating that President Moncef Marzouki sent a letter to American President Barack Obama conveying his condolences concerning the recent Aurora, Colorado movie theater shooting. The message was sent on Monday, June 23rd, by President Marzouki: “I received with deep sadness the news of the horrible [...]

Continue Reading

Ministry of Defence Confirms Closure of Libyan Crossing Border

| 24 July 2012 | 0 Comments

On Monday, the 22nd of June, the Tunisian-Libyan border crossing, Ras Jedir, was closed until further notice, confirmed R’chid Bouhoula, a Ministry of Defense official responsible for border security. Bouhoula stated that, “the border checkpoint has been closed since Monday. Libyans leaving Tunisia are allowed to pass through the border, as are Tunisians returning to [...]

Continue Reading