Tunisia News
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United Arab Emirates shares fell, sending Dubai’s index to a four-month low, as real-estate companies slid on concern they may need government support after Aldar Properties PJSC sold assets and bonds to Abu Dhabi.
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“A lesson to all tyrants in the Arab world,” was how Kuwaiti opposition lawmaker Ahmed al-Sadoun characterized the flight of Zine El Abidine Ben Ali from Tunisia. “Ben Ali First Arab Leader Overthrown by an Intifada,” read the front page of Lebanon’s independent An-Nahar newspaper, using the word for “uprising”.
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TUI Deutschland GmbH is mobilizing planes to evacuate all of its holidaymakers from Tunisia today, amid violent street protests that resulted in President Zine El Abidine Ben Ali fleeing the country.
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Tunisian President Zine El Abidine Ben Ali handed power to Prime Minister Mohamed Ghannouchi and left for Malta after his country was placed under a state of emergency following demonstrations aimed at forcing him to quit.
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Tunisia was placed under a nationwide state of emergency, with the army taking over control of security from the police, state television reported.
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Tunisian demonstrators clashed with security forces in the capital, Tunis, where the military was deployed amid an escalation of anti-government protests that began last month.
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Tunisian stocks tumbled to the lowest level in almost a year as violence escalated, forcing the government to impose a night-time curfew. The cost of protection against default by the North African country rose to the highest since 2009.
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Emerging-market stocks rose for a third day and borrowing costs fell as demand increased at a Spanish debt auction. South Korea’s won led gains in Asian currencies after the central bank lifted interest rates.
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