Search Site

Boeing to cut 10% of workforce

The company has projected a large third-quarter loss.

AviLease acquires 9 aircraft from Avolon

AviLease had purchased 13 aircraft from Avolon in 2023.

ADNOC L&S to pay $136.5m dividend

This is equivalent to 6.78 fils per share, the company said.

‘TAQA’ prices $1.75bn dual tranche

The 12-year senior unsecured notes are sized $850m.

Samsung says planning job cuts

The layoffs could affect about 10 percent of the workforce.

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

Tunis, Tunisia– 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.