Business & Economy Bound

Tens of thousands of Tunisians have lost their jobs in a worsening economic crisis exacerbated by efforts to stem rising cases of novel coronavirus, a key employers' federation has warned. "The first wave of the epidemic (March to June) resulted in the loss of 165,000...

Tunisia's tourism sector has collapsed, officials warned Saturday, with earnings plunging 60 percent and swathes of hotels at risk of closing permanently. The sector, a major employer that accounts for 14 percent of the North African nation's GDP, has been hit hard by...

"force majeure continues on the oil fields and ports that confirmed the presence of elements of Wagner gangs and other armed groups that impede the activities and operations of the National Oil Corporation". Libya's state oil firm lifted force majeure on what it...

Libyan strongman Khalifa Haftar announced Friday a conditional lifting of a months-long blockade on oilfields and ports by his forces. "We have decided to resume oil production and export on condition of a fair distribution of revenues" and guarantee they "will not be...