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Tunisia: Zenith Energy completes acquisition of Candax Energy’s assets

Compagnie Du Desert (CDD), Zenith Energy’s fully-owned subsidiary, has completed the acquisition of a 100% interest in the fully-owned subsidiary of Candax Energy in...

Tunisia: market capitalization held by foreigners account for 24% of overall

The market capitalization held by foreigners on the listing of the Tunis Stock Exchange has reached nearly 5.834 million dinars, or 24% of the...

Tunisia: government debt default would cost banks $7.9bn, S&P Global says

A sovereign debt default in Tunisia could cost the country's banks up to $7.9 billion, which would represent 102 per cent of their total...

Tunisia: cumulative losses of EL FOULADH exceed 325 million dinars in 2019

The cumulative losses of the Tunisian company of Iron and Steel, EL FOULADH, exceeded 325 million dinars in 2019. A financial abyss that says...

Tunisia: 4.8 billion TD collected by Tax Office already!

At the end of February 2021, the state treasury has already collected 4.809 billion DT in tax revenues. An amount already up 5.9% compared...

Tunisia: a State, always spending beyond its means

Tunisia's budgetary resources totaled TND 5.017 billion (including TND 4.809 billion in tax revenues), as of February 2021. Of these resources, the budget was already...

Tunisia-based ALUBAF International Bank Posts $3.3 Million Loss in 2020

ALUBAF International Bank, an offshore bank based in Tunis, a subsidiary of Libyan Foreign Bank (LFB), has just published its financial statements for the...

Tunisia: Shell to hand back its upstream concessions

Oil and gas company Shell has officially confirmed that it will hand back the upstream concessions to the Tunisian government upon license expiry, a...

Tunisia: CEREALIS Group improves net profits by 8% in 2020

The company CEREALIS has just published its individual and consolidated financial statements for the year 2020. It emerges that the Group has achieved a net...

Tunisia: UNIMED’s profits decline by more than 60% in 2020

The Board of Directors of the company UNIMED, meeting at end April reviewed the activity report of the company and approved the financial statements...

Tunisia 75th in the world and 11th in MENA in broadband speeds

Tunisia was ranked 75th out of 140 countries in the latest Speedtest Global Index monthly publication on mobile broadband speeds in March 2021. The...

Tunisia: Poulina Group announces net profit of 75 million dinars, down 42% in 2020

The company Poulina Group Holding has just published its individual and consolidated financial statements closed on December 31, 2020. It emerges that the Poulina Group...
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