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Nouvelair 2024: A growing airline with turbulence to watch

Nouvelair Tunisia closed the 2024 financial year with revenue of 783.8 million dinars (TND), up 32.9% compared to 2023. The year was marked by...

 Key interest rate unchanged at 7% alongside a “prudent” monetary policy

As global economic turbulence continues to intensify, particularly amid the war against Iran, maintaining the status quo has become the dominant strategic choice among...

Nearly €100 million in dividends leave Tunisia each year for foreign investors

Each spring, general meetings of listed companies on the Tunis Stock Exchange approve the distribution of annual profits. Behind these routine decisions lies a...

Tunisian public enterprises: The misleading rebound of 2021

The Tunisian report on public enterprises for the 2020–2021 period, published by the Ministry of Finance, painted a mixed picture. Out of 114 public...

BH Bank 2025: Net profit plunges as warning signs mount

BH Bank's financial statements for the year ended December 31, 2025 leave little room for optimism. Despite strong deposit growth and an expanding investment...

Tunisia: Shadow economy, a black hole swallowing nearly a quarter of GDP

Thirty-nine point zero eight percent. That is the average share of Tunisia’s gross domestic product (GDP) absorbed by the shadow economy over a 35-year...

Here is the Top 10 most profitable banks

What is the most meaningful indicator of a bank’s profitability? Without hesitation, it is ROE (Return on Equity), for one simple reason: a bank...

ITCEQ report on AI in Tunisia: a technical diagnosis with economic blind spots

ITCEQ Analysis Note No. 78, published in May 2026 and authored by Olfa Bouzaiene, examines the integration of artificial intelligence within Tunisian companies through...

Tunis Stock Exchange: A matter of men and non-independents

The Tunis Stock Exchange has just published its annual report on the governance of listed companies for the 2025 financial year. The document is...

Who finances the Tunisian state the most on financial market? Here is the ranking

The World Bank is by far Tunisia’s leading lender, with outstanding commitments of 14.1 billion Tunisian dinars, representing 19% of the country’s total external...

Equity fund management companies in Tunisia: A two-speed sector

In Tunisia, a private equity fund management company is a licensed financial intermediary approved by the Financial Market Council (CMF). Its role is to...

Employment and Unemployment in Tunisia: The 15% that hides everything

Tunisia’s National Institute of Statistics (INS) reported an unemployment rate of 15% in the first quarter of 2026, down 0.2 percentage points from the...
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