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Stock Market / Finance in Tunisia

  • Traders of African Development Bank (ADB) at the Stock Exchange

    EUROPEAN UNION, 2015/11/21 The Maghreb Bank for Investment and Foreign Trade (Bcmice) will be operational by the end of December in Tunis, Rabat Kouider Lahoila, expert of the direction of economic affairs at the Arab Maghreb Union (AMU), has announced. He stressed that UMA taking a concrete step in the financial sector signified evolution for it. This is good news for Maghreb states, businessmen and entrepreneurs who will thus gain access to a new funding source for their activities. The new bank, with a capital of 500 million dollars, will have as a fundamental mission to finance projects promoting common infrastructures for the five UMA member states - Algeria, Morocco, Tunisia, Libya and Mauritania - develop commercial exchanges within the Maghreb area, considering the strong potential of a market of 90 million consumers.
  • Following several years of budget deficit recorded by the Tunisian government

    TUNISIA, 2014/04/02 Following several years of budget deficit recorded by the Tunisian government, the country has started a gradual withdrawal of energy (gas and electricity) subsidy for the industrial agro-allied, textile and ceramic sectors. Minister of Industry, Energy and Mines Kamel Ben Naceur announced the measure at a news conference here on Monday He said the withdrawal, which started in January by about 10% cut in subsidy for ceramic companies, would continue for about three to six years.
  • Tunisia’s government has cut its economic increase estimate to 2.8 %

    TUNISIA, 2014/03/25 Tunisia’s government has cut its economic increase estimate to 2.8 % for this year, which is in line with the IMF’s estimate, Finance Minister Hakim Ben Hamouda said on Monday next conference with a delegation from the International Monetary Fund. The government had before estimate 4 % increase. Three years next the uprising that toppled long-time ruler Zine El-Abidine Ben Ali and heralded the start of the Arab Spring, Tunisia is heading for elections later this year next ending a political crisis that damaged its economic stability and threatened to upset its transition to democracy.
  • 70 more companies listed by the end of 2013 in Tunisia

    TUNISIA, 2013/10/13 By the end of the year, the Tunis Stock Exchange will have 70 additional companies listed on it, adding to the current 67. The announcement was made by the chief of the Finance Market Council (CFM), Salah Sayel, during the presentation of the 2012 CFM statement in the presence of Prime Minister Ali Laarayedh. In 2012 the Tunis Stock Exchange admitted eight companies to trading from the only two on it in 2011. Stock capitalisation rose by 24% between 2011 and 2012.
  • French President Francois Hollande

    FRANCE, 2013/07/21 France will provide Tunisia with500 million euros ($645 million) in loans and grants to support the North African national’s democratic transition, French President Francois Hollande said on Friday. “In the next year we will give Tunisia loans and grants worth 500 million euros,” Hollande said in a speech to Tunisia’s Constituent Assembly. Sixty million euros of Tunisian deficit will as well be converted into investment projects, he added.
  • The Bourse of Tunisia (Bourse des Valeurs Mobilières de Tunis, BVMT

    TUNISIA, 2013/06/21 Despite continued political uncertainty, the performance of the Bourse of Tunisia (Bourse des Valeurs Mobilières de Tunis, BVMT) in the initial two months of the year indicates that 2013 could from presently on see a significant rise in the markets. The February introduction of the agro-industrial firm Land’Or onto the Alternative Market,, which is geared toward small and medium-sized enterprises (SMEs), attracted considerable investor interest and sets a positive tone for the coming months.
  • Central Bank of Tunisia said GDP growth in 2012 reached 3.6%

    TUNISIA, 2013/06/21 Bolstered by a strengthening increase rate and the prospect of a transaction with the IMF, the newly-installed Tunisian government is pressing ahead with fiscal reforms in a bid to improve the national’s balance sheet without undermining the precarious national of development in select areas in the interior of the country. The announcement by the Central Bank of Tunisia (Banque Centrale de Tunisie, BCT) in January 2013 that GDP increase in 2012 reached 3.6% comes as a welcome contrast to the results from 2011, at the same time as GDP shrank by 1.9%. 2013 looks even additional promising, with the government targeting 4% increase, although the IMF has projected a additional modest expansion of 3.5%.
  • Moody’s downgrades Tunisia over political uncertainty

    TUNISIA, 2013/06/02 International ratings agency Moody’s downgraded Tunisia’s sovereign deficit rating one notch to Ba2 and placed it on negative outlook on Thursday, citing “persistent political uncertainty and the risk of instability.” Moody’s said the move, which follows its decision in February to drop the rating to Ba1, primarily reflected the political tensions plaguing the north African country since its 2011 revolution.
  • AFDB Donates 1.8 Mtd to Tunisia

    TUNISIA, 2013/05/07 The African Development Bank (AfDB) has allocated a 1.8- million- dinar donation to Tunisia to finance a support programme to E-Governance and Open Governance. The Prime Ministry announced on Saturday that the donation agreement will be signed on Monday.
  • Moody's Rating Agency in Tunisia for Assessment Mission of Investment Risks

    TUNISIA, 2013/05/06