TUNISIA

Moody’s downgrades Tunisia's credit rating

Moody's Investors Service downgraded bond ratings of the Tunisian government to Baa3 from Baa2, and changed its outlook to negative from stable – citing the country’s political instability amidst the ongoing chaos of street protests and change in regime.

Tunisia's interim PM and President quit ruling party

Report from state media indicate that the country’s interim president and prime minister have resigned from the ruling party of former president Zine El Abidine Ben Ali, who fled to Saudi Arabia as street protests rocked the nation.
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Gulf states, Saudi can withstand Tunisia effect

Saudi Arabia has taken in Tunisia's fallen strong man, but the oil wealth of the kingdom and its neighbours should ensure the poverty-driven unrest which ousted Zine al-Abidine Ben Ali does not follow him to the Gulf.

Update: Tunisia forms national unity government

Just hours after more street violence in Tunis and days after the former President was ousted, a new national unity government has been formed in Tunisia, according to a report in BBC News.

Tunisia PM to announce new government

Tunisia's prime minister promised to announce a new coalition government on Monday, hoping to maintain the momentum of political progress to ward off fresh protests and also undercut gunmen loyal to the ousted president.

Hundreds protest over high prices in south Jordan

Food price protests sweeping across North Africa and the Middle East reached Jordan on Friday, when hundreds of protesters chanted slogans against Prime Minister Samir al-Rifai in the southern city of Karak.
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Gunshots and tear gas disperse Tunis protest

Police fired tear gas grenades on Friday outside the interior ministry building in the Tunisian capital and gunshots were heard from nearby, prompting hundreds of protesters to flee, a Reuters reporter at the scene said.

Fitch may cut Tunisia rating on political concerns

Fitch Ratings on Friday put Tunisia's long-term foreign currency credit rating of BBB on watch for a potential downgrade, citing the upsurge in deadly violence in the north African nation in recent weeks.

Tunisia president flees country

The besieged president of Tunisia, Zine El Abidine Ben Ali, has fled the country, according to various media reports, amidst the worst civil disturbances the North African country has witnessed in decades.

China, Korea moves underscore rising food prices

China dumped plans to import several million tonnes of expensive corn and South Korea unveiled cuts in import tariffs on some products, underscoring the dilemma over how to tackle rising food prices.

Tunisian interior minister fired over unrest

Tunisian President Zine al-Abidine Ben Ali fired his interior minister on Wednesday to try to staunch the worst unrest in decades, but fresh clashes with police broke out and witnesses said one man was killed
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Arab OPEC ministers to meet as oil price tops $91

Arab OPEC ministers began arriving in Cairo on Thursday ahead of talks expected to broach how high an oil price the world economy can stand as crude jumped to a more than two-year high above $91 a barrel.

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