The Central Bank of Tunisia (BCT)'s 2008 annual report, just released, shows a 14.8-per-cent rise in the volume of investments in 2008, its rate reaching 24.9% of the GDP, thanks to continuity of reforms, particularly the improvement of business climate and encouragement of private ...
Capital Intelligence (CI), the international credit rating agency, today announced that it has affirmed National Bank of Umm Al Qaiwain’s (NBQ) foreign currency ratings at BBB+ long-term and A2 shortterm. The ratings are underpinned by its ownership by the government of Umm Al Qaiwain. The financial strength rating is maintained at BBB reflecting good ...
The Executive Board of Tunisia’s Central Bank which met on Thursday , said , in a press release , that despite ongoing fallouts of the financial crisis on the world economy, the international environment ...
Since receiving approval in late December 2008, the founder and promoter of Zitouna Bank, Mohamed Sakher E Elmateri, President of Princess Elmateri Holding Group, has mobilized all the human, technical and financial means necessary to succeed in this project: "With a goal of launching the bank during the first quarter 2010, we wanted to give this project all the ingredients to its success by drawing ...
Fitch Ratings has today affirmed Tunisia-based Banque Nationale Agricole's (BNA) and Societe Tunisienne de Banque's (STB) respective Support ratings at '2'. BNA and STB's ratings reflect the high probability of support from the Tunisian government in case of need, given their majority ownership by the Tunisian state. The ratings further reflect the strategic roles the two banks play in the country's economy and their systemic importance ...
Economic companies’ needs in engineers and the Tunisian experience in the area of training of its executives were the focus of a seminar held Monday at the Tunis City of Science on the theme: “Engineers’ Training: New Trends,” with the participation of directors of French engineering higher schools. Minister of Higher Education ...
Silvio Berlusconi, Italian Prime Minister, is paying, on Tuesday, a working and friendship visit to Tunisia. According to Tunis Afrique Presse Agency, This visit takes place in a context marked over the past years by a significant dynamic in different political, economic, social and cultural areas, in particular after the signing of the Friendship ...
The guaranteed minimum wage (SMIG) and the guaranteed minimum agricultural wage (SMAG) increased once more in Tunisia starting from August 1, 2009. This increase, the 28th since 1987, will benefit nearly 280 thousand workers. It materialises ...
In recent days, many events have been organized in connection with Tunisians residing abroad, about 10% of the Tunisian people, and whose contribution to the national economy is becoming increasingly important. That is not due only to remittances transferred , but also thanks to other more decisive factors that are involved ,i.e. the full potential ...
The Board of Directors of the Maghreb Employers' Union (MEU) held its periodical meeting, on Monday in Algiers, with attendance of the founding members, the chairmen of the five Maghreb employers’ organisations. The meeting was held under chairmanship of Hedi Djilani, Chairman of the Tunisian Industry ...
The periodic meeting of the Executive Board of the Central Bank of Tunisia took place on Thursday 30 July 2009. A press release issued following the meeting said that the Executive Board pointed out the putting into circulation of the new 50 dinar banknote, the issue of which came to go along the evolution of volumes of transactions ...
Moody's Investors Service has today placed the local and foreign currency deposit ratings of four Tunisian banks on review for possible downgrade in light of its global review of systemic support indicators and stress testing for the banking systems. Bank financial strength ratings (BFSRs) of affected Tunisian banks remain unchanged ...
