Saudi to give cash-strapped Tunisia $500 mn in assistance

AFP :
Saudi Arabia on Thursday said it will give Tunisia financial assistance valued at $500 million, including a $100 million grant, as the North African country grapples with crippling inflation and debt.
The announcement carried by the official Saudi Press Agency followed a visit by Tunisia’s Foreign Minister Nabil Ammar as part of a Gulf tour this week aimed at drumming up financial support.
Ammar also made stops in Kuwait and the United Arab Emirates.
“The Kingdom offers a soft loan and grant to the Republic of Tunisia in the amount of $500 million,” SPA said, without providing additional details.
The financial assistance consists of a $400 million soft loan and a $100 million grant, Riyadh’s ambassador to Tunis, Abdel Aziz al-Saqer, told Saudi-owned Al Arabiya television on Thursday.