As Tunisia's Economy Falters, Medical Tourism Flourishes

A general view of Habib Bourguiba Avenue in downtown Tunis, virtually deserted on the first day of a general lockdown to stop the spread of the coronavirus disease (COVID-19) ordered by Tunisia's president, in Tunis, Tunisia, March 22, 2020. (Reuters)
A general view of Habib Bourguiba Avenue in downtown Tunis, virtually deserted on the first day of a general lockdown to stop the spread of the coronavirus disease (COVID-19) ordered by Tunisia's president, in Tunis, Tunisia, March 22, 2020. (Reuters)
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As Tunisia's Economy Falters, Medical Tourism Flourishes

A general view of Habib Bourguiba Avenue in downtown Tunis, virtually deserted on the first day of a general lockdown to stop the spread of the coronavirus disease (COVID-19) ordered by Tunisia's president, in Tunis, Tunisia, March 22, 2020. (Reuters)
A general view of Habib Bourguiba Avenue in downtown Tunis, virtually deserted on the first day of a general lockdown to stop the spread of the coronavirus disease (COVID-19) ordered by Tunisia's president, in Tunis, Tunisia, March 22, 2020. (Reuters)

While Tunisians face economic hardships and their government is mired in debt, medical tourism has thrived and authorities are looking to expand the profitable sector even further.

At a fertility clinic in Tunis, Bintou Yunoussa from Niger hopes doctors can finally help her conceive -- one of more than two million foreigners who travel to Tunisia annually for medical procedures.

Yunoussa said a relative had recommended the private clinic in the Tunisian capital after three years of unsuccessful treatments.

"My sister-in-law had twins after an insemination carried out in Tunisia," the 25-year-old told AFP. "That's why I chose to come here."

She was accompanied by her sister Khadija, 32, who had her eggs frozen five months ago in the same clinic, which specializes in medically assisted reproduction.

Nadia Fenina, a health ministry official, said Tunisia's highly specialized private clinics and skilled staff make it a leading medical tourism destination.

"Tunisia is number one in Africa in terms of healthcare demand and supply," Fenina told AFP.

Medical tourism has bounced back from a coronavirus-era halt, and the sector generates around 3.5 billion dinars ($1.1 billion) in annual revenues -- about half of Tunisia's overall tourism income last year.

"Medical tourism is linked to the general tourism sector, because a foreign patient is also a tourist who generally does not come alone," said Fenina.

"The promotion of medical tourism depends on the development of the tourism sector" as a whole, she added.

Accounting for nine percent of Tunisia's gross domestic product, tourism is crucial for the debt-stricken country where the economy has slowed down, with a World Bank estimate putting growth for 2023 at a modest 1.2 percent.

Last year, the small Mediterranean country of 12 million people drew nearly nine million tourists, according to official figures.

They included more than 500,000 foreign patients hospitalized in Tunisia and about two million others who had received same-day care, officials say.

The Tunis clinic where Yunoussa was treated received 450 patients last year, many of whom from sub-Saharan African countries where some treatments may be unavailable or hard to access, said Dr Fethi Zhiwa.

Others came from elsewhere in North Africa as well as Western countries like Britain, Switzerland and Canada, said the doctor, citing affordable rates and Tunisia's "world-renowned fertility specialists" as the main drawing points.

Many European medical tourists come for cosmetic surgery, representing 15 percent of all treatments for foreigners in Tunisia, Fenina said.

Mohamed, a 59-year-old Libyan who gave his first name only, visits Tunisia twice a year to see his cardiologist for regular check-ups following an operation.

"This doctor saved my life, I will never change him," he said.

Travelling with his wife, the couple planned to use the latest trip to also "spend a few days relaxing in Tabarka", a town on Tunisia's northwestern coast, Mohamed said.

Tourism has "strong potential" in Tunisia and can grow "if we overcome some obstacles and limitations", said Fenina.

Direct flights to more African destinations and simpler visa procedures could help, she said, "which is why we are working to implement a medical visa".

The health ministry is also working on better coordination between medical tourism agencies, healthcare providers and other stakeholders, and collaborating with the private sector to set up facilities geared towards an elderly European clientele.



Saudi Arabia, Syria Sign Joint Airline and Telecoms Deals

Officials pose after signing a framework agreement for developmental cooperation and the launch of 45 development initiatives between the Syrian Development Fund and Saudi Arabia's Development Committee at the People's Palace in Damascus, Syria, Saturday, Feb. 7, 2026. (AP)
Officials pose after signing a framework agreement for developmental cooperation and the launch of 45 development initiatives between the Syrian Development Fund and Saudi Arabia's Development Committee at the People's Palace in Damascus, Syria, Saturday, Feb. 7, 2026. (AP)
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Saudi Arabia, Syria Sign Joint Airline and Telecoms Deals

Officials pose after signing a framework agreement for developmental cooperation and the launch of 45 development initiatives between the Syrian Development Fund and Saudi Arabia's Development Committee at the People's Palace in Damascus, Syria, Saturday, Feb. 7, 2026. (AP)
Officials pose after signing a framework agreement for developmental cooperation and the launch of 45 development initiatives between the Syrian Development Fund and Saudi Arabia's Development Committee at the People's Palace in Damascus, Syria, Saturday, Feb. 7, 2026. (AP)

Syria and Saudi Arabia signed deals Saturday that include a joint airline and a $1-billion project to develop telecommunications, officials said, as Syria seeks to rebuild after years of war.

The new authorities in Damascus have worked to attract investment and have signed major agreements with several companies and governments.

Syrian Investment Authority chief Talal al-Hilali announced a series of deals including "a low-cost Syrian-Saudi airline aimed at strengthening regional and international air links".

The agreement also includes the development of a new international airport in the northern city of Aleppo, and redeveloping the existing facility.

Hilali also announced an agreement for a project called SilkLink to develop Syria's "telecommunications infrastructure and digital connectivity".

Syrian Telecommunications Minister Abdulsalam Haykal told the signing ceremony that the project would be implemented "with an investment of around $1 billion".

For decades, Syria was unable to secure significant investments because of Assad-era sanctions.

But the United States fully removed its remaining sanctions on Damascus late last year, paving the way for the full return of investments.

Syria and Saudi Arabia also inked an agreement on water desalination and development cooperation on Saturday.

At the ceremony, Saudi Investment Minister Khalid Al-Falih announced the launch of an investment fund for "major projects in Syria with the participation of the (Saudi) private sector".

The deals are part of "building a strategic partnership" between the two countries, he said.

Syria's Hilali said the agreements targeted "vital sectors that impact people's lives and form essential pillars for rebuilding the Syrian economy".

Syria has begun the mammoth task of trying to rebuild its shattered infrastructure and economy.

In July last year, Riyadh signed investment and partnership deals with Damascus valued at $6.4 billion to help rebuild the country's infrastructure, telecommunications and other major sectors.

A month later, Syria signed agreements worth more than $14 billion, including investments in Damascus airport and other transport and real estate projects.

This week, Syria signed a preliminary deal with US energy giant Chevron and Qatari firm Power International to explore for oil and gas offshore.


India’s Modi Lauds Interim Trade Pact After US Tariff Rollback

Indian Prime Minister Narendra Modi addresses the media before the budget session of Parliament at Parliament House in New Delhi, India, 29 January 2026. (EPA)
Indian Prime Minister Narendra Modi addresses the media before the budget session of Parliament at Parliament House in New Delhi, India, 29 January 2026. (EPA)
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India’s Modi Lauds Interim Trade Pact After US Tariff Rollback

Indian Prime Minister Narendra Modi addresses the media before the budget session of Parliament at Parliament House in New Delhi, India, 29 January 2026. (EPA)
Indian Prime Minister Narendra Modi addresses the media before the budget session of Parliament at Parliament House in New Delhi, India, 29 January 2026. (EPA)

Indian Prime Minister Narendra Modi on Saturday hailed an interim trade agreement with the United States, saying it would bolster global growth and deepen economic ties between the two countries.

The pact cuts US "reciprocal" duties on Indian products to 18 percent from 25 percent, and commits India to large purchases of US energy and industrial goods.

US President Donald Trump, while announcing the deal Tuesday, had said Modi promised to stop buying Russian oil over the war in Ukraine.

The deal eases months of tensions over India's oil purchases -- which Washington says fund a conflict it is trying to end -- and restores the close ties between Trump and the man he describes as "one of my greatest friends."

"Great news for India and USA!" Modi said on X on Saturday, praising US President Donald Trump's "personal commitment" to strengthening bilateral ties.

The agreement, he said, reflected "the growing depth, trust and dynamism" of their partnership.

Modi's remarks came hours after Trump issued an executive order scrapping an additional 25 percent levy imposed over New Delhi's purchases of Russian oil, in a step to implement the trade deal announced this week.

Modi, who has faced criticism at home about opening access of Indian agricultural markets to the United States and terms on oil imports, did not mention Russian oil in his statement.

"This framework will also strengthen resilient and trusted supply chains and contribute to global growth," he said.

It would also create fresh opportunities for Indian farmers, entrepreneurs and fishermen under the "Make in India" initiative.

In a separate statement, Commerce Minister Piyush Goyal said the pact would "open a $30 trillion market for Indian exporters".

Goyal also said the deal protects India's sensitive agricultural and dairy products, including maize, wheat, rice, soya, poultry and milk.

Other terms of the agreement include the removal of tariffs on certain aircraft and parts, according to a separate joint statement released Friday by the White House.

The statement added that India intends to purchase $500 billion of US energy products, aircraft and parts, precious metals, tech products and coking coal over the next five years.

The shift marks a significant reduction in US tariffs on Indian products, down from a rate of 50 percent late last year.

Washington and New Delhi are expected to sign a formal trade deal in March.


Gold Bounces Back on Softer Dollar, US-Iran Concerns; Silver Rebounds

Gold and silver bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. REUTERS/Angelika Warmuth
Gold and silver bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. REUTERS/Angelika Warmuth
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Gold Bounces Back on Softer Dollar, US-Iran Concerns; Silver Rebounds

Gold and silver bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. REUTERS/Angelika Warmuth
Gold and silver bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. REUTERS/Angelika Warmuth

Gold rebounded on Friday and was set for a weekly gain, helped by bargain hunting, a slightly weaker dollar and lingering concerns over US-Iran talks in Oman, while silver recovered from a 1-1/2-month low.

Spot gold rose 3.1% to $4,916.98 per ounce by 09:31 a.m. ET (1431 GMT), recouping losses posted during a volatile Asia session that followed a fall of 3.9% on Thursday. Bullion was headed for a weekly gain of about 1.3%.

US gold futures for April delivery gained 1% to $4,939.70 per ounce.

The US dollar index fell 0.3%, making greenback-priced bullion cheaper for the overseas buyers.

"The gold market is seeing perceived bargain hunting from bullish traders," said Jim Wyckoff, senior analyst at Kitco Metals.

Iran and the US started high-stakes negotiations via Omani mediation on Friday to try to overcome sharp differences over Tehran's nuclear program.

Wyckoff said gold's rebound lacks momentum and the metal is unlikely to break records without a major geopolitical trigger.

Gold, a traditional safe haven, does well in times of geopolitical and economic uncertainty.

Spot silver rose 5.3% to $74.98 an ounce after dipping below $65 earlier, but was still headed for its biggest weekly drop since 2011, down over 10.6%, following steep losses last week as well.

"What we're seeing in silver is huge speculation on the long side," said Wyckoff, adding that after years in a boom cycle, gold and silver now appear to be entering a typical commodity bust phase.

CME Group raised margin requirements for gold and silver futures for a third time in two weeks on Thursday to curb risks from heightened market volatility.

Spot platinum added 3.2% to $2,052 per ounce, while palladium gained 4.9% to $1,695.18. Both were down for the week.