Search Site

Trends banner

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Tunisia government reaches pay deal with key union

The government is locked in negotiations with the International Monetary Fund over a $2 billion bailout.
  • Tunisia has been hit hard by the coronavirus pandemic and global diplomatic fallout from the war in Ukraine
  • The government is locked in negotiations with the International Monetary Fund over a $2 billion bailout

TunisTunisia– Tunisia’s government and the country’s powerful UGTT union signed a deal boosting public sector salaries on Thursday, three months after a strike that paralysed the country.

The deal involves a five percent annual hike to public sector wages every year until 2025.

The head of the UGTT, Noureddine Taboubi, told reporters after the deal was signed that the first hike would take effect next month.”The agreement was reached after much hard work,” Taboubi said.

The cash-strapped government was initially unfavourable to hikes of this scale.

Tunisia has been hit hard by the coronavirus pandemic and global diplomatic fallout from the war in Ukraine, which has sent the price of key imports notably wheat and oil soaring.

Inflation surpassed eight percent year-on-year in August.

The government is locked in negotiations with the International Monetary Fund over a $2 billion bailout.

The UGTT organised a general strike on June 16 that saw flights cancelled, public transport grind to a halt and government offices closed.