عربي English Türkçe اردو فارسى
Logo
Latest News
Business

Tunisia Says Seeking Partners for $3.2 Bln of Projects

Tunisia's President Kais Saied (center) poses for a group photo with OIF's Sec. Gen. Louise Mushikiwabo, French President Macron, Cote d'Ivoire's President Ouattara, Canada's PM Trudeau, and other officials and leaders of French-speaking countries, at the 18th Francophonie Summit in Djerba, Tunisia November 19, 2022. via REUTERS - TUNISIAN PRESIDENCY
Tunisia's President Kais Saied (center) poses for a group photo with OIF's Sec. Gen. Louise Mushikiwabo, French President Macron, Cote d'Ivoire's President Ouattara, Canada's PM Trudeau, and other officials and leaders of French-speaking countries, at the 18th Francophonie Summit in Djerba, Tunisia November 19, 2022. via REUTERS - TUNISIAN PRESIDENCY
TT
TT

Tunisia Says Seeking Partners for $3.2 Bln of Projects

Tunisia's President Kais Saied (center) poses for a group photo with OIF's Sec. Gen. Louise Mushikiwabo, French President Macron, Cote d'Ivoire's President Ouattara, Canada's PM Trudeau, and other officials and leaders of French-speaking countries, at the 18th Francophonie Summit in Djerba, Tunisia November 19, 2022. via REUTERS - TUNISIAN PRESIDENCY
Tunisia's President Kais Saied (center) poses for a group photo with OIF's Sec. Gen. Louise Mushikiwabo, French President Macron, Cote d'Ivoire's President Ouattara, Canada's PM Trudeau, and other officials and leaders of French-speaking countries, at the 18th Francophonie Summit in Djerba, Tunisia November 19, 2022. via REUTERS - TUNISIAN PRESIDENCY

Tunisia is seeking international partners for investment projects worth 10 billion Tunisian dinars ($3.2 billion), economy minister Samir Saied said on Saturday at a summit of leaders of French-speaking countries it is hosting.

Saied also signed a $200 million financing agreement with France that will help support the North African country's budget, according to the ministry's Facebook account.

Tunisian President Kais Saied and French President Emmanuel Macron are among Francophonie group leaders meeting on the island of Djerba on Saturday and Sunday.

The two-day summit is the first gathering of the International Organization of Francophonie in three years following pandemic lockdowns and travel restrictions.

Most Viewed

 
 
Business

Oil Slips as Gaza Talks Ease Supply Worries; Hurricane Beryl in Focus

FILE PHOTO: Oil pump jacks are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen, Argentina January 21, 2019. REUTERS/Agustin Marcarian/File Photo
FILE PHOTO: Oil pump jacks are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen, Argentina January 21, 2019. REUTERS/Agustin Marcarian/File Photo
TT
TT

Oil Slips as Gaza Talks Ease Supply Worries; Hurricane Beryl in Focus

FILE PHOTO: Oil pump jacks are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen, Argentina January 21, 2019. REUTERS/Agustin Marcarian/File Photo
FILE PHOTO: Oil pump jacks are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen, Argentina January 21, 2019. REUTERS/Agustin Marcarian/File Photo

Oil prices slid on Monday after rising for four weeks, as the prospect of a ceasefire deal in Gaza eased tensions in the Middle East, while investors assessed potential disruption to US energy supplies from Hurricane Beryl.
Brent crude futures were down 49 cents, or 0.57%, at $86.05 a barrel, as at 0843 GMT. US West Texas Intermediate (WTI) crude was at $82.53 a barrel, down 63 cents, or 0.76%, Reuters said.
Talks over a US ceasefire plan aimed at ending the nine-month-old war in Gaza are under way and being mediated by Qatar and Egypt.
"If anything concrete comes from the ceasefire talks, it will take some of geopolitical bids out of the market for now," said IG analyst Tony Sycamore based in Sydney.
The ports of Corpus Christi, Houston, Galveston, Freeport and Texas City closed on Sunday to prepare for Hurricane Beryl, which is expected to make a landfall in the middle of the Texas coast between Galveston and Corpus Christi later on Monday.
"Weekly settlement prices suggest that investors liked what they saw in spite of the pre-weekend profit-taking in oil, which continues this morning on the prospect of the resumption of ceasefire talks between Israel and Hamas and the closure of Texan ports", said PVM analyst Tamas Varga.
Port closures could bring a temporary halt to crude and liquefied natural gas exports, oil shipments to refineries and motor fuel deliveries from those plants.
"While this puts some offshore oil and gas production at risk, the concern when the storm makes landfall is the potential impact it could have on refinery infrastructure," ING analysts led by Warren Patterson said in a note.
WTI gained 2.1% last week after data from the Energy Information Administration showed stockpiles for crude and refined products fell in the week ended June 28.
IG's Sycamore said there is also a good chance of the US. data showing another large weekly draw in US oil inventories amid peak driving season.
Investors were also watching for any impact from elections in the UK, France and Iran last week on geopolitics and energy policies.