About 45 Tunisian Hotels Affected by Collapse of Thomas Cook

Shopkeepers wait for customers in front of a souvenir shop following Thomas Cook's collapse, in Hammamet, Tunisia, September 24, 2019. (Reuters)
Shopkeepers wait for customers in front of a souvenir shop following Thomas Cook's collapse, in Hammamet, Tunisia, September 24, 2019. (Reuters)
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About 45 Tunisian Hotels Affected by Collapse of Thomas Cook

Shopkeepers wait for customers in front of a souvenir shop following Thomas Cook's collapse, in Hammamet, Tunisia, September 24, 2019. (Reuters)
Shopkeepers wait for customers in front of a souvenir shop following Thomas Cook's collapse, in Hammamet, Tunisia, September 24, 2019. (Reuters)

About 45 hotels have been affected in Tunisia after the collapse of Thomas Cook, and the government will help the hotels with soft loans, Tunisia's tourism minister said on Tuesday.

Tourism is a vital sector of Tunisia’s economy and a key source of foreign exchange earnings. It accounts for around 8 percent of economic output and employs 400,000 people.

The collapse of Thomas Cook, one of Britain's oldest companies, has stranded more than half a million tourists around the world. It ran hotels, resorts and airlines for 19 million people a year in 16 countries.

Thomas Cook owes Tunisian hotels 60 million euros ($66 million) for stays in July and August, Tourism Minister Rene Trabelsi told Reuters earlier on Monday.

On Tuesday, Trabelsi held a crisis meeting with the British ambassador in Tunisia and hotel owners over Thomas Cook´s debt.

He said that the British government has pledged to pay Thomas Cook's debt but had not set a fixed term.

About 45 Tunisian hotels deal exclusively with Thomas cook.

"We have a proposal to open a line of financing of the affected hotels...we will call for ministerial council to study how we can help them," Trabelsi said.

The British government repatriated about 1,200 tourists via planes sent to Tunisa’s Enfidha airport, and another 4,000 still in Tunisia will return after their holidays.

Tunisia had expected to receive a record 9 million tourists by the end of 2019, up from 8 million last year.



Saudi Industry Minister Discusses Economic Partnership, Industrial Integration with Kuwaiti Ministers

The meetings in Kuwait were aimed at strengthening bilateral economic ties and supporting industrial integration. SPA
The meetings in Kuwait were aimed at strengthening bilateral economic ties and supporting industrial integration. SPA
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Saudi Industry Minister Discusses Economic Partnership, Industrial Integration with Kuwaiti Ministers

The meetings in Kuwait were aimed at strengthening bilateral economic ties and supporting industrial integration. SPA
The meetings in Kuwait were aimed at strengthening bilateral economic ties and supporting industrial integration. SPA

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef, during his visit to Kuwait, has met separately with Kuwaiti Minister of Commerce and Industry Khalifa Abdullah Al-Ajeel and Minister of Oil Tareq Sulaiman Al-Roumi.

They discussed enhancing the strategic economic partnership between the two countries and expanding avenues for industrial cooperation and integration.

They stressed the importance of supporting trade and joint investments to foster economic growth and diversification in both Saudi Arabia and Kuwait.

Alkhorayef’s meeting with the Kuwaiti minister of commerce and industry highlighted the deep-rooted and robust historical ties between the two countries, which serve as a key foundation for strategic economic partnerships across various sectors, particularly the industrial sector.
The meeting emphasized the importance of strengthening industrial integration to advance sustainable industrial development and support economic diversification in Saudi Arabia and Kuwait.
Alkhorayef’s talks with the two Kuwaiti ministers were aimed at strengthening bilateral economic ties, supporting industrial integration, and exploring joint investment opportunities in the industrial and mining sectors.