INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Tunisia visit: EU chief to discuss economic and migration concerns

Tunisia is a main departure point for migrants attempting perilous sea journeys to Europe. (AFP)
  • The European leaders will meet Sunday with Tunisian President Kais Saied, whose country is going through a dire financial crisis.
  • Tunisia's coastline is less than 90 miles from the Italian island of Lampedusa, and has long been a stepping stone for migrants.

Brussels, Belgium – European Commission head Ursula von der Leyen will visit Tunisia with the prime ministers of Italy and the Netherlands for talks on economic and migration concerns, the EU said Thursday.

The European leaders will meet Sunday with Tunisian President Kais Saied, whose country is going through a dire financial crisis that have aggravated political tensions.

Tunisia is also a main departure point for migrants attempting perilous sea journeys to Europe.

“Discussions will focus on the bilateral relations between the EU and to Tunisia,” Commission spokesman Eric Mamer said.

“An agreement on cooperation in the areas of the economy, energy and migration will be at the heart of those discussions.”

Italian Prime Minister Giorgia Meloni met Saied in Tunis on Tuesday to push efforts to secure an IMF bailout for Tunisia, while also supporting its efforts to tackle the growing migrant flows to Europe.

Last October, the debt-riddled North African country reached an agreement in principle for a nearly $2 billion deal with the International Monetary Fund, but discussions have since stalled.

The IMF has called for legislation to restructure more than 100 state-owned firms, which hold monopolies over many parts of the economy and in many cases are heavily indebted.

But Saied on Tuesday again rejected what he calls the “diktats” of the IMF before a loan is granted, his office said, even as the country struggles under crippling inflation and debt estimated at around 80 percent of its gross domestic product.

Meloni also advocated in Tunis for a “concrete approach to step up support for Tunisia in its fight against human trafficking and illegal migration” through the EU.

Tunisia’s coastline is less than 150 kilometers (90 miles) from the Italian island of Lampedusa, and has long been a stepping stone for migrants, mostly from sub-Saharan African countries, seeking a better life in Europe.

The flow of migrants from Tunisia intensified after Saied made a fiery speech on February 21 claiming that illegal immigration was a demographic threat to Tunisia.