Dutch Prime Minister Mark Rutte, European Commission President Ursula von der Leyen, Tunisian President Kais Saied and Italian Prime Minister Giorgia Meloni at the presidential Palace in Tunis. AP
Dutch Prime Minister Mark Rutte, European Commission President Ursula von der Leyen, Tunisian President Kais Saied and Italian Prime Minister Giorgia Meloni at the presidential Palace in Tunis. AP
Dutch Prime Minister Mark Rutte, European Commission President Ursula von der Leyen, Tunisian President Kais Saied and Italian Prime Minister Giorgia Meloni at the presidential Palace in Tunis. AP
Dutch Prime Minister Mark Rutte, European Commission President Ursula von der Leyen, Tunisian President Kais Saied and Italian Prime Minister Giorgia Meloni at the presidential Palace in Tunis. AP

EU chief proposes €900 million aid package for Tunisia


Ghaya Ben Mbarek
  • English
  • Arabic

The European Union is willing to offer Tunisia a €900 million ($967 million) financial assistance package, European Commission chief Ursula von der Leyen said during a visit with the prime ministers of Italy and the Netherlands.

The package includes €100 million for border control, search and rescue for irregular migrants at sea, countering human trafficking and migration-related issues in general, Ms von der Leyen said in a joint press conference on Sunday with Dutch Prime Minister Mark Rutte and his Italian counterpart Giorgia Meloni.

The European leaders were received at the airport by Prime Minister Najla Bouden and held talks with President Kais Saied at Carthage Presidential Palace.

Ms von der Leyen said she proposed the financial aid to Mr Saied as part of a five-point programme that included support on migrant-related issues.

Ms Meloni visited Tunis six days earlier to discuss the Mediterranean migration crisis and Tunisia’s pending bailout from the International Monetary Fund.

“We have been pushing to support Tunisia at a 360-degree level by opening financing plans to support Tunisian efforts to support its socioeconomic crisis,” the Italian Prime Minister said in a video published by the Tunisian Presidency on Monday.

She also stressed the need for the agreement between Tunisia and the IMF to be based on pragmatic support for the country, which is 'going through a critical situation'.

Italy has been trying to mediate in Tunisia's talks with the IMF to unblock a $1.9 billion loan that the country needs to finance its 2023 budget, which is already in deficit.

Italian Foreign Minister Antonio Tajani told the Italian newspaper La Repubblica that “Tunisia needs aid and the approach of the International Monetary Fund must be pragmatic and non-ideological in dealing with it.”

Loan talks between Tunisia and the IMF stalled months ago after Mr Saied rejected proposed terms that were key to the deal.

Mr Saied has repeatedly expressed his rejection of the fund's conditional financial package that seeks to push his government to become more austere and cut public spending.

“We cannot play the role that others hide, which is being gatekeepers to their countries,” Mr Saied told local officials during a visit to Sfax governorate.

“The solution should not be at the expense of the Tunisian state.”

Match info

Liverpool 4
Salah (19'), Mane (45 2', 53'), Sturridge (87')

West Ham United 0

ARM%20IPO%20DETAILS
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How to keep control of your emotions

If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.

Greed

Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.

Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.

Fear

The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.

Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.

Hope

While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.

Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.

Frustration

Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.

Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.

Boredom

Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.

Tip: Open an online demo account and get your thrills without risking real money.

What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

%3Cp%3EMATA%0D%3Cbr%3EArtist%3A%20M.I.A%0D%3Cbr%3ELabel%3A%20Island%0D%3Cbr%3ERating%3A%203.5%2F5%3C%2Fp%3E%0A
David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

The%20Kitchen
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Cricket World Cup League 2 Fixtures

Saturday March 5, UAE v Oman, ICC Academy (all matches start at 9.30am)

Sunday March 6, Oman v Namibia, ICC Academy

Tuesday March 8, UAE v Namibia, ICC Academy

Wednesday March 9, UAE v Oman, ICC Academy

Friday March 11, Oman v Namibia, Sharjah Cricket Stadium

Saturday March 12, UAE v Namibia, Sharjah Cricket Stadium

UAE squad

Ahmed Raza (captain), Chirag Suri, Muhammad Waseem, CP Rizwan, Vriitya Aravind, Asif Khan, Basil Hameed, Rohan Mustafa, Kashif Daud, Zahoor Khan, Junaid Siddique, Karthik Meiyappan, Akif Raja, Rahul Bhatia

SPEC%20SHEET%3A%20NOTHING%20PHONE%20(2)
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AWARDS
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UAE currency: the story behind the money in your pockets
BELGIUM%20SQUAD
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'Doctor Strange in the Multiverse Of Madness' 

   

 

Director: Sam Raimi

 

Cast: Benedict Cumberbatch, Elizabeth Olsen, Chiwetel Ejiofor, Benedict Wong, Xochitl Gomez, Michael Stuhlbarg and Rachel McAdams

 

Rating: 3/5

 
Western Region Asia Cup Qualifier

Results

UAE beat Saudi Arabia by 12 runs

Kuwait beat Iran by eight wickets

Oman beat Maldives by 10 wickets

Bahrain beat Qatar by six wickets

Semi-finals

UAE v Qatar

Bahrain v Kuwait

 

COMPANY%20PROFILE
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Updated: June 11, 2023, 1:31 PM