Open Society Foundations’ Soros Economic Development Fund Commits $25 Million to Allied Climate Partners’ Climate Finance Partnership

New York, Feb. 27, 2024 (GLOBE NEWSWIRE) — The Soros Economic Development Fund (SEDF), the impact investment arm of the Open Society Foundations, is committing $25 million to Allied Climate Partners (ACP)—a new and innovative public-private partnership focused on increasing the number of bankable climate projects in emerging markets and developing economies around the world.

ACP aims to address a critical financing gap at the early, risk-oriented stages of the development process. Without this support, many projects and businesses struggle to attract the necessary capital to achieve their climate-related goals. While early-stage project development represents the smallest portion of the overall funding needed for a project (approximately 5 percent), relatively few early-stage projects get financed due to risk. Even though 5 percent of the capital can unlock 95 percent, this early-stage capital is the hardest to raise for critical activities like technical and environmental assessments, modeling, permitting, and land acquisition.

Using funds from SEDF and other philanthropic investors, ACP will anchor a number of regional funds in Southeast Asia, Africa, Latin America and the Caribbean, and India with $235 million first-loss junior equity. These regional funds will in turn seek to raise an additional $600+ million in senior equity from multilateral development banks (MDBs), development finance institutions (DFIs), and private investors.

ACP has strategic partnerships with a number of leading MDBs and DFIs, including the International Finance Corporation (IFC), a member of the World Bank Group, U.S. International Development Finance Corporation (DFC), British International Investment (BII), the U.K.’s DFI and impact investor, the African Development Bank (AfDB), Proparco, a subsidiary of Agence Française de Développement Group, FMO, the Dutch Entrepreneurial Development Bank, and IDB Invest, a member of the Inter-American Development Bank Group.

Philanthropic investments in ACP are expected to mobilize a significant level of third-party capital into regional investment managers and climate-related projects—potentially as much as $11 billion in additional investment.

SEDF has partnered with the Three Cairns Group, Bezos Earth Fund, Sea Change Foundation International, and several other philanthropic and investment partners in making this commitment.

Georgia Levenson Keohane, CEO of the Soros Economic Development Fund, said: “This innovative SEDF investment builds on Open Society’s broader work to support the mobilization of development finance and commercial capital critical for financing a just climate transition in the Global South.”

ACP recently announced the anchoring of its first regional fund—the Southeast Asia Clean Energy Fund II. Managed by Clime Capital, the fund is targeting at least $135 million to invest in projects in Vietnam, Indonesia, and the Philippines—countries that account for about 75 percent of the region’s population and 60 percent of current regional greenhouse gas emissions.

Mark Malloch-Brown, president of the Open Society Foundations, said, “The scale of investment needed to drive climate transition and adaptation in Global South economies clearly goes far beyond the capacities of private philanthropic funding. We are excited about this model which seeks to use catalytic funding to remove barriers, and help kick start the broader systemic shifts the world urgently needs.”

“We urgently need innovative blended finance solutions that can operate at scale,” said Ahmed Saeed, CEO of Allied Climate Partners. “ACP welcomes SEDF’s commitment to join this exciting endeavor to leverage the power of philanthropic funding.”

Estimates of how much additional capital countries will need to invest annually to address the costs of climate transition and adaptation vary—one recent study puts the need for external capital at $1.1 trillion per annum. However, investment in transition and adaptation projects globally has been overwhelmingly focused on the industrialized economies, where project risks are lower.

About the Soros Economic Development Fund

The Soros Economic Development Fund (SEDF) is the impact investment arm of the Open Society Foundations (OSF). SEDF deploys patient, risk-tolerant and catalytic capital to advance OSF’s commitment to sustaining vibrant and inclusive democracies across the globe. Founded in 1997, SEDF has committed over $520M in debt, equity and guarantee investments into businesses, funds, platforms and nonprofits across geographies and sectors that advance the mission of the Foundations. SEDF’s current investment portfolio includes $395M in committed capital across 38 investments.

About Allied Climate Partners

Allied Climate Partners (ACP) is a philanthropic investment organization with a mission to accelerate the climate transition and improve livelihoods in emerging economies by increasing the flow of capital to bankable, climate-related projects and businesses. ACP selects regional investment managers in emerging economies and supports them with first-loss capital, expertise, and the mandate to address a critical financing gap at the early, risk-oriented stages of the development process for climate-related projects and asset-oriented businesses. Without this support, many projects and businesses struggle to attract the necessary capital to achieve their climate-related goals. By proving this model, ACP aims to induce commercially-oriented public and private sector investors to invest where they likely would not otherwise.

Open Society Foundations
(212) 548-0378

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The World’s Most Attractive Investment Migration Programs in 2024

LONDON, Feb. 27, 2024 (GLOBE NEWSWIRE) — European residence and citizenship by investment programs continue to dominate the top spots of global wealth advisory firm Henley & Partners’ annual rankings of the most sought-after investment migration programs in the world. Malta holds onto 1st place in the 2024 Global Citizenship Program Index as it has done for nine consecutive years, while the Portugal Golden Residence Permit Program retains top spot on the Global Residence Program Index.

The two indexes — featured in the 2024 edition of the Investment Migration Programs report — offer a systematic analysis and comprehensive benchmarking of the world’s most attractive residence and citizenship by investment programs, providing the gold standard in the sector. This year’s edition includes a total of 39 programs, representing the most relevant of over 100 programs worldwide. These have been appraised by a panel of independent experts, including leading academic researchers, country risk specialists, economists, independent expert immigration and citizenship lawyers, and other specialists, who consider a broad range of pertinent factors. Interactive digital comparisons of the programs are also available, enabling global investors and wealthy families to select what matters most to them when weighing up their options.

Dr. Christian H. Kaelin, international immigration and citizenship law expert and Chairman of Henley & Partners, says, “The publication is important for private clients and wealth management professionals as well as for government policy makers looking to manage investment migration programs to achieve greater fiscal autonomy and economic growth. In this era of heightened global volatility, nation states are using investment migration as an innovative financing tool to fund national or regional social and infrastructure projects as well as development initiatives that mitigate sustainability risks, to the benefit of their citizens and residents.”

Citizenship programs: Malta reigns supreme

The Global Citizenship Program Index ranks 13 programs, with the strategically-located European nation of Malta scoring 77 out of 100 and taking top honors once again. Malta’s Granting of Citizenship for Exceptional Services by Direct Investment Regulations allow for the granting of citizenship by a certificate of naturalization to foreign individuals and their families who contribute to the country’s economic development. This is possible following a 36-month residence period (or 12 months by exception). Malta’s original citizenship program was designed by Henley & Partners in 2013–2014 and went on to become one of the most successful such programs in the world.

Retaining 2nd place with a score of 74 is Austria’s premium citizenship by investment offering, which requires applicants to make a substantial contribution to the Austrian economy. Three Caribbean island nations tie in 3rd position, each scoring 70: the Antigua and Barbuda Citizenship by Investment Program, the Grenada Citizenship by Investment Program, and the St. Lucia Citizenship by Investment Program all offer attractive real estate-linked investment routes and fund options.

Residence programs: Portugal in prime position

Europe also prevails in the 2024 Global Residence Program Index, with programs on the continent occupying the Top 5 positions. The Portugal Golden Residence Permit Program ranks 1st overall out of 26 programs, with a score of 75 out of 100. Each scoring 73, the Austria Private Residence Program shares 2nd place with the Mediterranean’s rising star — the Greece Golden Visa Program, followed closely by the Swiss Residence Program on 72 — an investment option developed by Henley & Partners, which combines private residence with the Swiss forfait tax provisions.

Italy’s Residence by Investment Program is joint 4th with the UK’s Innovator Founder Visa, each scoring 71. The only Top 5 program not in Europe is the Canada Start-Up Visa Program, which scores 69 and shares the 5th spot with another European favorite that is attracting a great deal of attention, the Spain Residence by Investment Program.

Domicile diversification a top priority

Dr. Juerg Steffen, CEO of Henley & Partners, says, “Acquiring alternative residence and/or citizenship programs enables greater flexibility and participation in the world’s leading economies, as well as optionality, which is now an indispensable part of any family’s insurance policy for the 21st century. The more jurisdictions a family can access, the more diversified its assets, the lower its exposure to country-specific, regional, and global volatility, and the more sustainable it will be over the long term.”

Last year, US-Americans were the top nationality applying for alternative residence and citizenship options through Henley & Partners, and this trend has continued into the first quarter of 2024. This year is also projected to be a record-breaker in terms of millionaire migration, according to the Henley Private Wealth Migration Report, with 128,000 high-net-worth individuals forecast to move to a new country, compared to the 120,000 who did so last year, surpassing the pre-pandemic high of 110,000.

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Palmarès 2024 des meilleurs programmes de migration d’investissement du monde

LONDRES, 27 févr. 2024 (GLOBE NEWSWIRE) — Les programmes européens de résidence et de citoyenneté par investissement continuent d’occuper les premières places du classement annuel établi par le cabinet international de conseil en patrimoine Henley & Partners visant les programmes de migration d’investissement les plus recherchés dans le monde. Malte conserve la 1re place du Global Citizenship Program Index (Indice du programme mondial de citoyenneté) 2024, comme elle l’a fait pendant neuf années consécutives, tandis que le Portugal Golden Residence Permit Program conserve la première place du Global Residence Program Index (Indice du programme mondial de résidence).

Les deux indices — présentés dans l’édition 2024 du rapport Investment Migration Programs (Programmes de migration d’investissement) — dressent un bilan systématique assorti d’un benchmarking complet des programmes de résidence et de citoyenneté par investissement les plus attractifs au monde, constituant ainsi l’étalon-or du secteur. L’édition de cette année recense en tout 39 programmes parmi les plus intéressants d’un échantillon constitué de plus de 100 programmes à travers le monde. Un groupe d’experts indépendants rassemblant des chercheurs universitaires de premier ordre, des spécialistes du risque pays, des économistes, des spécialistes indépendants en droit de l’immigration et de la citoyenneté et d’autres professionnels avertis ont évalué ces programmes à l’aune d’un large éventail de critères pertinents. Ils se sont également efforcés de dresser des comparaisons numériques interactives des programmes pour permettre à des investisseurs internationaux et à des familles fortunées de sélectionner les programmes en fonction des critères qui comptent le plus à leurs yeux.

Pour Christian H. Kaelin, expert en droit international de l’immigration et de la citoyenneté, et président de Henley & Partners : « Cette publication est importante pour les clients privés et les professionnels de la gestion de patrimoine, ainsi que pour les décideurs gouvernementaux qui cherchent à gérer les programmes de migration d’investissement pour atteindre un niveau supérieur d’autonomie fiscale et de croissance économique. En cette période de volatilité mondiale prononcée, les États-nations utilisent la migration d’investissement comme un nouvel outil de financement pour financer des projets sociaux et d’infrastructure nationaux ou régionaux, ainsi que des initiatives de développement qui atténuent les risques en matière de durabilité, au bénéfice de leurs citoyens et résidents ».

Programmes de citoyenneté : Malte règne en maître

Le Global Citizenship Program Index (Indice du programme mondial de citoyenneté) classe 13 programmes, où Malte, stratégiquement située au cœur de l’Europe, monte sur la première marche du podium en obtenant une fois de plus la note de 77 sur 100. Le règlement maltais sur l’octroi de la citoyenneté pour services exceptionnels rendus par l’investissement direct permet aux personnes étrangères et à leur famille qui contribuent au développement économique du pays d’obtenir la citoyenneté via un certificat de naturalisation, à la suite d’une période de résidence de 36 mois, ramenée à 12 mois dans des circonstances exceptionnelles. Le programme de citoyenneté original de Malte a été élaboré par Henley & Partners en 2013–2014 pour devenir l’un des programmes de ce type les plus réussis au monde.

Le programme de citoyenneté par l’investissement de l’Autriche, qui exige des candidats qu’ils apportent une contribution substantielle à l’économie autrichienne, conserve la 2e place avec un score de 74. Trois pays insulaires des Caraïbes arrivent ex æquo en 3e position, avec un score de 70 chacun : le programme de citoyenneté par l’investissement d’Antigua-et-Barbuda, le programme de citoyenneté par l’investissement de la Grenade et le programme de citoyenneté par l’investissement de Sainte-Lucie. Ce trio propose des voies d’investissement et des options de fonds liées à l’immobilier très intéressantes.

Programmes de résidence : le Portugal en pole position

L’Europe domine également le Global Residence Program Index (Indice des programmes de résidence mondial) 2024, les programmes du Vieux Continent raflant les 5 premières places. Le programme de permis de résidence en or portugais se classe 1er sur 26 programmes, avec un score de 75 sur 100. Avec 73 points chacun, le programme de résidence privée autrichien partage la 2e place avec l’étoile montante de la Méditerranée, le programme de visa d’or grec, suivi de près par le programme de résidence suisse (72 points), une option d’investissement mise au point par Henley & Partners, qui fait converger la résidence privée et les dispositions fiscales suisses en matière de forfait.

Le programme de résidence par l’investissement italien arrive en 4e position, à égalité avec le visa de fondateur innovateur britannique, avec un score de 71 chacun. Le seul programme hors Europe du Top 5 est le programme de visa pour démarrage d’entreprise canadien, qui obtient un score de 69 et partage la 5e place avec un autre favori européen qui suscite beaucoup d’attention, à savoir le programme de résidence par investissement espagnol.

Priorité absolue à la diversification des domiciles

Juerg Steffen, PDG de Henley & Partners, relève que : « L’acquisition de programmes de résidence et/ou de citoyenneté alternatifs permet une plus grande flexibilité et une participation aux principales économies mondiales, ainsi qu’un libre choix qui constitue désormais un élément indispensable de la police d’assurance d’une famille au 21e siècle. Plus une famille a accès à un grand nombre de juridictions, plus ses actifs sont diversifiés, moins elle est exposée à la volatilité propre à un pays, à une région ou au monde, et plus elle sera viable à long terme ».

L’année dernière, les Américains ont été les premiers à solliciter des options de résidence et de citoyenneté alternatives par l’intermédiaire de Henley & Partners, et cette tendance s’est poursuivie au premier trimestre 2024. La migration de millionnaires devrait cette année franchir un cap, selon le Henley Private Wealth Migration Report (Rapport de Henley sur la migration des fonds privés). 128 000 personnes fortunées devraient s’installer dans un nouveau pays, contre 120 000 l’année dernière, ces estimations dépassant ainsi le record de 110 000 atteint avant la pandémie.

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Os programas de migração de investimentos mais atraentes do mundo em 2024

LONDRES, Feb. 27, 2024 (GLOBE NEWSWIRE) — Os programas de residência e cidadania europeia por meio de investimentos continuam a dominar os primeiros lugares da classificação anual da empresa global de consultoria patrimonial Henley & Partners dos programas de migração de investimentos mais procurados do mundo. Malta se mantém no 1o lugar do Global Citizenship Program Index de 2024, como já faz há nove anos consecutivos, enquanto o Portugal Golden Residence Permit Program se mantém no primeiro lugar do Global Residence Program Index.

Os dois índices, apresentados na edição de 2024 do relatório dos Programas de migração de investimentos, oferecem uma análise sistemática e um benchmarking abrangente dos programas de residência e cidadania por meio de investimentos mais atraentes do mundo, constituindo o mais elevado padrão do setor. A edição deste ano inclui ao todo 39 programas, considerados os mais relevantes dentre mais de 100 programas em todo o mundo. Eles foram avaliados por um painel de especialistas independentes, incluindo os principais pesquisadores acadêmicos, especialistas em risco-país, economistas, advogados independentes especializados em imigração e cidadania e outros especialistas, que consideram uma ampla variedade de fatores relevantes. Também são disponibilizadas comparações interativas digitais dos programas, permitindo que investidores globais e famílias abastadas selecionem o que consideram mais importante ao avaliarem suas opções.

O Dr. Christian H, Kaelin, o especialista em Direito internacional em cidadania e imigração e presidente do conselho da Henley & Partners diz: “A publicação é importante para clientes privados e profissionais de gestão patrimonial, bem como para formuladores de políticas governamentais que buscam gerenciar programas de migração de investimentos para obter maior autonomia fiscal e crescimento econômico. Nesta era de maior volatilidade global, os estados-nação estão usando a migração de investimentos como uma ferramenta de financiamento inovadora para financiar projetos sociais e de infraestrutura nacionais ou regionais, assim como iniciativas de desenvolvimento que minimizam os riscos de sustentabilidade, para o benefício de seus cidadãos e residentes”.

Programas de cidadania: Malta segue soberana

O Global Citizenship Program Index classifica 13 programas, em que a nação europeia de Malta, estrategicamente localizada, alcançou 77 pontos de 100, conquistando mais uma vez as principais honrarias. Os Regulamentos de concessão de cidadania para serviços excepcionais por investimento direto de Malta permitem a concessão de cidadania por meio de um certificado de naturalização a indivíduos estrangeiros e suas famílias que contribuam para o desenvolvimento econômico do país. Isso é possível após um período de residência de 36 meses (ou 12 meses por exceção). O programa de cidadania original de Malta foi desenvolvido pela Henley & Partners entre 2013 e 2014 e se tornou um dos programas mais bem-sucedidos desse tipo no mundo.

Mantendo o 2o lugar com uma pontuação de 74, está a oferta de cidadania premium por meio de investimentos da Áustria, que exige que os candidatos façam uma contribuição substancial para a economia austríaca. Três nações insulares caribenhas estão empatadas na 3a posição, cada uma com 70 pontos: o Programa de cidadania por meio de investimentos de Antígua e Barbuda, o Programa de cidadania por meio de investimentos de Granada e o Programa de cidadania por meio de investimentos de Santa Lúcia oferecem rotas de investimento e opções de fundos atraentes ligados a imóveis.

Programas de residência: Portugal em posição de destaque

A Europa também prevalece no Global Residence Program Index de 2024, com os programas do continente ocupando as cinco primeiras posições. O Portugal Golden Residence Permit Program ocupa a 1a posição geral entre 26 programas, com uma pontuação de 75 em 100. Cada um com 73 pontos, o Private Residence Program da Áustria divide o 2o lugar com a estrela em ascensão do Mediterrâneo, o Golden Visa Program da Grécia, seguido de perto pelo Swiss Residence Program com 72 pontos, uma opção de investimento desenvolvida pela Henley & Partners, que combina residência privada com as disposições tributárias do forfait suíço.

O Programa de residência por meio de investimentos da Itália está em 4o lugar, acompanhado pelo Innovator Founder Visa do Reino Unido, cada um com 71 pontos. O único entre os cinco primeiros que não está na Europa é o Start-Up Visa Program do Canadá, que tem 69 pontos e divide o 5o lugar com outro favorito europeu que está atraindo muita atenção, o Programa de residência por meio de investimentos da Espanha.

A diversificação de domicílios é a principal prioridade

Dr. Juerg Steffen, CEO da Henley & Partners, diz, “A aquisição de programas alternativos de residência e/ou cidadania permite maior flexibilidade e participação nas principais economias do mundo, bem como a possibilidade de escolha, que agora é uma parte indispensável da apólice de seguro de qualquer família do século XXI. Quanto mais jurisdições uma família tiver possibilidade de acessar, mais diversificados serão seus ativos, menor será sua exposição à volatilidade específica de cada país, regional e global, e mais sustentável ela será em longo prazo”.

No ano passado, os norte-americanos foram a principal nacionalidade a solicitar opções alternativas de residência e cidadania por meio da Henley & Partners, e essa tendência se manteve no primeiro trimestre de 2024. A previsão é de que também este ano seja um ano recorde em termos de migração de milionários, de acordo com o Henley Private Wealth Migration Report, com a previsão de que 128.000 indivíduos de alto patrimônio líquido se mudem para um novo país, em comparação com os 120.000 que o fizeram no ano passado, superando a alta de 110.000 antes da pandemia.

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ASICS Study Confirms Positive Link Between Exercise and Women’s Mental Health, Yet Worryingly Over Half of Women Around the World Are Dropping Out or Stopping Exercise Completely


LONDON, Feb. 27, 2024 (GLOBE NEWSWIRE) — Largest global study ever conducted on the gender exercise gap reveals:

  • The more women move, the better they feel. Women who exercise regularly are 52% happier, 50% more energised, 48% more confident, 67% less stressed and 80% less frustrated.
  • But, over half of women are not exercising as much as they would like and missing out on the physical and mental benefits of exercise.
  • All women are facing a myriad of universal challenges and barriers to exercise, throughout their lifetime.
  • Yet, men’s perceptions of these barriers are different to the reality.
  • Encouragingly, around the world people are actively breaking barriers for women in sport; ASICS shines a light on their stories and pledges to help Move Her Mind.
Move Her Mind
Move Her Mind

Move Her Mind Key Visual

This International Women’s Day, ASICS unveils the results of the largest study ever conducted on the gender exercise gap, reaffirming the positive correlation between women’s exercise levels and their mental health, with women 52% happier, 50% more energised, 48% more confident, 67% less stressed and 80% less frustrated when exercising.

Yet, the independent research, conducted on over 25,000 people and led by renowned academics Dr Dee Dlugonski and Professor Brendon Stubbs, alarmingly found that over half of women globally are dropping out or stopping exercise completely, which is negatively impacting their state of mind. In response, ASICS is recognising and amplifying the positive impact of individuals and grassroots organisations who are breaking barriers for women in sport, to support, empower and inspire more women to move.

Worryingly, the global study revealed that over half of women are unhappy with their exercise levels. All women are experiencing barriers to exercise throughout their lifetime, from time pressures (74%) and low self-confidence (35%) to intimidating environments (44%) or not feeling sporty enough (42%). What’s more, almost two-thirds (61%) of mothers cited motherhood as the primary reason they dropped out of doing regular exercise or sport altogether, showing the impact that caregiving responsibilities and societal expectations about gender roles are having on women’s activity levels.

Interestingly, men’s perceptions of the challenges women face were different to the reality. Only 34% of men recognised lack of time as a barrier to exercise for women, despite three-quarters (74%) of women citing the issue. Instead, men thought body insecurities were the leading problem, with 58% of men reporting this as the main barrier, compared to 36% of women. In fact, of the top five barriers to exercise perceived by men, only one (costs) actually featured in the list of most common obstacles reported by women, highlighting a disparity between men’s perceptions and the daily reality felt by women around the world.

Despite this, the research found that over a third of women say their friends are their most important exercise influencers, noting that they’re more motivated to exercise by women like themselves, than celebrities. When asked why they would exercise, encouragingly women universally said for their mental (92%) and physical (96%) health rather than aesthetics.

The study lead, Dr Dee Dlugonski, Assistant Professor at Sports Medicine Research Institute, University of Kentucky said: “Our study showed that the gender exercise gap is a complex challenge which did not develop overnight. Given it has no sole cause, it will not be solved with one single solution, but when asked what could help, women noted that making movement more accessible, inclusive and recognised in all forms, while challenging society’s gendered expectations, would support them in moving more.

“This includes making exercise centred around women and their needs. From providing childcare and catering for all activity levels, to fitting around work, being fun, affordable, safe, welcoming and judgement-free. All these solutions, while small, can have a significant impact and our study uncovered thousands of individuals and organisations around the world who are already driving change.”

This includes people like Karen Guttridge, who as an older woman felt like there were no exercise opportunities locally, so she decided to set up her own running group for women over fifty. Expecting five ladies to join the first session, Karen was overwhelmed when over seventy like-minded women turned up. Offering running programmes for all exercise levels and an inviting, safe and judgement-free space for the women to connect, the group has been an overwhelming success and supported many women to move and feel confident in doing so.

ASICS wants to recognise and celebrate the incredible impact of people like Karen across communities around the world. Today, ASICS is spotlighting the remarkable individuals and organisations, who are actively dismantling barriers for women in exercise and sport. As well as the stories of those who are making a difference, the ASICS Move Her Mind platform contains resources, activities and tips to support more women to move more often.

ASICS knows there are many, many more people and organisations making a difference around the world. This International Women’s Day, ASICS is inviting people to submit their stories and experiences, so more women can be connected, supported and inspired.

Tomoko Koda, Managing Executive Officer for ASICS comments: “ASICS was founded on the belief that sport and exercise benefit the body and the mind. It’s why we’re called ASICS: ‘Anima Sana in Corpore Sano’ or ‘Sound Mind in a Sound Body’. While our study found that many women are not happy with their exercise levels, it also uncovered the tremendous impact that individuals and grassroots organisations are having in helping women to move.

“By launching Move Her Mind, we hope to give these remarkable people a platform, to connect and inspire others, so everyone can achieve a sound mind in a sound body. It’s time more women and girls experience the positive physical and mental benefits of exercise. It’s time for change. It’s time to Move Her Mind.”

Visit the Move Her Mind platform and get involved, at

Notes to Editors:
The study was commissioned by ASICS and led by Dr Dee Dlugonski, Assistant Professor at Sports Medicine Research Institute, University of Kentucky, and Associate Professor Brendon Stubbs of King’s College London. Both are renowned researchers in movement and mental wellbeing.

The study ran from June – September 2023. In total, 26 focus groups took place around the world and 24,772 people completed the online survey across more than 40 countries, making it the biggest study of its kind. All focus groups were led by independent facilitators, including leading academics and industry experts.

A photo accompanying this announcement is available at

For further information or to organise interviews, please contact

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Une étude menée par ASICS confirme le lien positif entre l’exercice et la santé mentale des femmes, et révèle de manière plus inquiétante que plus de la moitié de la population féminine mondiale lâche prise ou renonce totalement à la pratique d’une activité physique


LONDRES, 27 févr. 2024 (GLOBE NEWSWIRE) — La plus grande étude mondiale jamais réalisée sur l’écart entre les sexes en matière d’exercice révèle les éléments suivants :

  • Plus les femmes bougent, mieux elles se sentent. Les femmes qui exercent une activité physique régulière sont 52 % plus heureuses que les autres, mais aussi 50 % plus énergisées. Par ailleurs, 48 % d’entre elles se sentent plus sûres d’elles grâce à l’exercice physique, 67 % s’estiment moins stressées, et 80 % moins frustrées.
  • En revanche, une bonne moitié des femmes n’exerce pas autant d’activité physique qu’elle le souhaite et passe à côté des bienfaits physiques et mentaux prodigués par la pratique de l’exercice physique.
  • Toutes les femmes sont confrontées à toute une panoplie d’enjeux et d’obstacles universels à la pratique de l’exercice physique au long de leur vie.
  • Or, la perception masculine de ces freins s’éloigne de la réalité.
  • Des signes encourageants se manifestent néanmoins partout dans le monde. Certains font tomber les barrières auxquelles font face les femmes en matière de sport. ASICS met l’accent sur leurs histoires, et s’engage à travers la campagne Move Her Mind (ou Bouger son esprit).

À l’occasion de la Journée internationale des droits des femmes, ASICS dévoile les résultats de la plus grande étude jamais réalisée sur l’écart entre les sexes en matière d’exercice physique. Du côté des bonnes nouvelles, les conclusions de l’étude confirment le rapport positif entre le niveau d’activité physique des femmes et leur santé mentale, démontrant que les sportives sont plus heureuses à 52 % et 50 % plus énergisées, tandis que 48 % d’entre elles se sentent plus sûres d’elles, et que 67 % s’estiment moins stressées et 80 % moins frustrées lorsqu’elles font de l’exercice.

Menés auprès de 25 000 répondants, ces travaux de recherche indépendants placés sous la direction d’éminents universitaires, à savoir le Docteur Dee Dlugonski et le Professeur Brendon Stubbs, dressent toutefois un constat alarmant. Plus de la moitié de la population féminine mondiale lâche prise ou renonce totalement à faire de l’exercice, ce qui induit des conséquences négatives sur leur mental. En réponse, ASICS salue l’effet positif des individus et des organisations de base qui lèvent les barrières auxquelles les femmes font face en matière de sport, en l’intensifiant pour soutenir et inspirer davantage de femmes à bouger, mais aussi pour les libérer davantage.

Un point d’inquiétude se fait jour dans cette étude d’envergure mondiale : plus de la moitié des femmes sont insatisfaites de leur niveau d’exercice. Toutes les femmes rencontrent des obstacles à l’exercice sportif à toutes les phases de leur vie, depuis l’expérience de la pression relative à un manque de temps (exprimée par 74 % d’entre elles) et d’une moindre confiance en soi (pour 35 %), certaines allant jusqu’à redouter des environnements considérés comme intimidants (dans une proportion mesurée à 44 %) ou ressentir l’impression de ne pas être suffisamment au niveau (pour 42 %). Près des deux tiers des répondantes, soit 61 % d’entre elles, évoquent en outre la maternité comme le principal frein à une pratique sportive régulière, ce qui illustre bien comment l’effet des obligations familiales et des attentes sociétales en matière de parité envers l’activité sportive pèse sur les femmes.

Curieusement, les hommes perçoivent différemment les enjeux auxquels les femmes sont confrontées en réalité. Seuls 34 % des hommes reconnaissent que le manque de temps constitue un frein à l’exercice physique féminin, contre trois quarts (74 %) des femmes. Les hommes estiment au contraire que les complexes physiques représentent le premier problème, 58 % d’entre eux plaçant ce critère en tête des obstacles à l’exercice féminin, contre 36 % chez les femmes. En fait, parmi les cinq freins majeurs à l’exercice physique évoqués par les hommes, un seul figure réellement dans la liste des principaux obstacles aux yeux des femmes, à savoir l’enveloppe budgétaire. Ce constat souligne les différences entre les perceptions masculines et la réalité quotidienne des femmes du monde entier.

La recherche révèle, malgré tout, que plus d’un tiers des femmes voient leurs amies comme des influenceuses de taille en matière d’exercice, relevant qu’elles se sentent plus motivées à l’idée de faire de l’exercice en compagnie de leurs semblables plutôt qu’avec des célébrités. Lorsqu’on leur a demandé quels motifs les pousseraient à pratiquer un sport, les femmes ont universellement évoqué leur santé mentale (à 92 %) et physique (à 96 %), au détriment de critères esthétiques. Le constat s’avère plutôt encourageant.

La chercheuse en chef, le Docteur Dee Dlugonski, Professeur adjoint à l’Institut de recherche en médecine du sport de l’Université du Kentucky, témoigne : « Notre étude révèle qu’en matière d’exercice physique, l’écart entre les genres représente un défi complexe de longue date. Étant donné la variété de ses origines, il n’y aura pas qu’une seule solution. En interrogeant les femmes sur les facteurs qui pourraient jouer en leur faveur, nous constatons qu’elles plaident pour davantage d’accessibilité, d’inclusion et de reconnaissance sous toutes ses formes. La remise en question des attentes sociétales genrées de la société pourrait également les amener à bouger davantage,

ce qui induit de recentrer la pratique sportive sur les femmes elles-mêmes et leurs besoins. Repenser l’éducation des enfants, prendre tous les niveaux d’activité en compte et adapter leurs conditions de travail sont autant de facteurs pouvant les encourager à la pratique sportive et y prendre plaisir sans dépenser trop, tout en se sentant à leur place et en sécurité, libres de tout jugement. Toutes ces mesures, aussi mineures soient-elles, peuvent avoir des effets positifs majeurs, et notre étude dévoile que des milliers d’individus et d’organisations à travers le monde sont déjà moteurs du changement ».

Karen Guttridge fait partie de celles qui, en raison de son âge, et regrettant le manque d’infrastructure locale appropriée à la pratique sportive, a résolu de fonder son propre club de course, en accueillant toute femme de plus de cinquante ans. Elle s’attendait à une participation initiale de cinq personnes, lorsqu’à son immense surprise, plus de soixante-dix femmes partageant ses convictions se sont présentées. En proposant des activités de course ouvertes aux volontaires de tout niveau de manière bienveillante et sans jugement, ce club permet aux femmes de développer des connexions entre elles. Ce projet a connu un succès fulgurant en aidant de nombreuses femmes à bouger en toute confiance.

Aujourd’hui, ASICS souhaite saluer et mettre à l’honneur celles et ceux qui, comme Karen, ont un tel effet positif sur les communautés du monde entier, en plaçant sous les feux de la rampe les personnes et les organisations qui participent activement et admirablement à la démolition des obstacles au sport féminin. Outre relayer les histoires de ceux qui font la différence, la plateforme Move Her Mind proposée par ASICS intègre des ressources, des activités et des conseils pour encourager davantage de femmes à être plus actives et plus souvent.

ASICS a conscience qu’à l’échelle mondiale, une multitude de personnes et d’organisations peuvent vraiment faire la différence. À l’heure de célébrer la Journée internationale des droits des femmes, ASICS invite chacun à partager son histoire et son expérience dans le but d’aider les femmes à se sentir connectées, soutenues et inspirées.

« ASICS a été fondée sur la conviction que le sport et l’activité physique apportent autant de bienfaits corporels que spirituels » remarque Tomoko Koda, Directrice exécutive de ASICS, avant d’ajouter : « ASICS est née de la locution ‘Anima Sana in Corpore Sano’, qui signifie ‘Un esprit sain dans un corps sain’. Bien que notre étude révèle l’insatisfaction de nombreuses femmes à propos de leur niveau d’activité physique, elle démontre l’effet positif considérable qui s’exerce grâce aux individus et aux organisations de base qui encouragent les femmes à bouger.

En lançant la campagne Move Her Mind, nous espérons leur procurer une plateforme pour rassembler et inspirer les autres, et nous aspirons à ce que chacun puisse découvrir les effets d’un esprit sain dans un corps sain. Il est temps que plus de femmes et de jeunes filles ressentent les bienfaits physiques et spirituels de l’exercice. L’heure du changement a sonné. Entrons dans l’ère de Move Her Mind ».

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Remarques à l’attention des rédacteurs :
L’étude codirigée par le Docteur Dee Dlugonski, Professeur adjoint à l’Institut de recherche en médecine du sport de l’Université du Kentucky, et le Professeur agrégé Brendon Stubbs du King’s College de Londres est à l’initiative d’ASICS. Tous deux sont d’éminents chercheurs reconnus en matière d’activité physique et de santé mentale.

L’étude s’est déroulée de juin à septembre 2023. Au total, 26 groupes d’échange se sont rassemblés dans le monde entier et 24 772 personnes de plus de 40 pays ont répondu à l’enquête en ligne, ce qui consacre l’étude comme la plus importante de sa catégorie. Le pilotage de chaque groupe d’échange était assuré par des modérateurs indépendants, y compris des universitaires de premier plan et des experts de l’industrie.

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Um estudo da ASICS confirma a relação positiva entre atividades físicas e saúde mental feminina. Porém, preocupa o fato de que mais da metade das mulheres de todo o mundo está desistindo ou parando de se exercitar completamente


LONDRES, Feb. 26, 2024 (GLOBE NEWSWIRE) — O maior estudo global já realizado sobre a disparidade da prática de exercícios físicos entre os gêneros revela:

  • Quanto mais as mulheres se exercitam, melhor elas se sentem. As mulheres que se exercitam regularmente são 52% mais felizes, têm 50% mais energia, são 48% mais confiantes, 67% menos estressadas e 80% menos frustradas.
  • No entanto, mais da metade das mulheres não está se exercitando tanto quanto gostaria e está perdendo os benefícios físicos e mentais da atividade física.
  • Todas as mulheres enfrentam uma infinidade de desafios e barreiras universais para se exercitarem ao longo da vida.
  • Ainda assim, as percepções dos homens sobre essas barreiras são diferentes da realidade.
  • É motivador o fato de que, em todo o mundo, as pessoas estão ativamente quebrando barreiras para as mulheres no esporte. A ASICS destaca suas histórias e se compromete a ajudar a “Move her Mind” (Mudar sua Mentalidade).

Neste Dia Internacional da Mulher, a ASICS revela os resultados do maior estudo já realizado sobre a disparidade da prática de exercícios físicos entre os gêneros, reafirmando a correlação positiva entre os níveis de exercícios das mulheres e sua saúde mental, em que as mulheres são 52% mais felizes, têm 50% mais energia, são 48% mais confiantes, 67% menos estressadas e 80% menos frustradas quando se exercitam.

No entanto, a pesquisa independente, realizada com mais de 25.000 pessoas e liderada pelos renomados acadêmicos Dra. Dee Dlugonski e professor Brendon Stubbs, constatou de forma alarmante que mais da metade das mulheres em todo o mundo está desistindo ou parando de se exercitar completamente, o que afeta negativamente o estado de espírito delas. Como resposta, a ASICS está reconhecendo e ampliando o impacto positivo de indivíduos e organizações civis que estão quebrando barreiras para as mulheres no esporte, para apoiar, capacitar e inspirar mais mulheres a se exercitarem.

O estudo revelou algo preocupante: mais da metade das mulheres está insatisfeita com os níveis de exercício físico que pratica. Todas as mulheres enfrentam obstáculos para se exercitarem ao longo da vida, desde pressões de tempo (74%) e baixa autoconfiança (35%) até ambientes intimidadores (44%) ou por sentirem que não têm aptidão esportiva o suficiente (42%). Além disso, quase dois terços (61%) das mães citaram a maternidade como o principal motivo pelo qual deixaram de se exercitar ou praticar esportes regularmente, mostrando o impacto que as responsabilidades de cuidar e as expectativas sociais sobre os papéis de gênero têm sobre os níveis de atividade física das mulheres.

É interessante observar que as percepções dos homens sobre os desafios enfrentados pelas mulheres são diferentes da realidade. Apenas 34% dos homens reconheceram a falta de tempo como uma barreira à prática de exercícios para as mulheres, apesar de três quartos (74%) das mulheres terem citado essa questão. Em vez disso, os homens consideraram a insegurança com o corpo o principal problema, em que 58% dos homens relataram isso como a principal barreira, em comparação com 36% das mulheres. De fato, das cinco principais barreiras à prática de exercícios percebidas pelos homens, apenas uma (custos) constava na lista dos obstáculos mais comuns relatados pelas mulheres, destacando uma disparidade entre as percepções dos homens e a realidade diária sentida pelas mulheres em todo o mundo.

Apesar disso, a pesquisa constatou que mais de um terço das mulheres diz que suas amigas são as que mais as influenciam a se exercitarem, observando que elas são mais motivadas a se exercitarem por mulheres com as quais se identificam do que por celebridades. Quando perguntadas sobre o motivo pelo qual se exercitariam, as mulheres responderam universalmente que seria pela saúde mental (92%) e física (96%), e não pela estética.

A coordenadora do estudo, a Dra. Dee Dlugonski, professora-assistente do Sports Medicine Research Institute da Universidade de Kentucky, disse: “Nosso estudo mostrou que a diferença de gênero nos exercícios é um desafio complexo que não surgiu da noite para o dia. Como não existe apenas uma causa, o problema não será resolvido com apenas uma solução. Quando perguntadas sobre o que poderia ajudá-las a se exercitar mais, as mulheres observaram: tornar as atividades físicas mais acessíveis, inclusivas e reconhecidas em todas as formas e, ao mesmo tempo, desafiar as expectativas de gênero da sociedade.

“Isso significa fazer com que o foco da prática de atividades físicas seja as mulheres e suas necessidades. Desde cuidar dos filhos e atender a todos os níveis de atividade até se adaptar ao trabalho, ser divertido, acessível financeiramente, seguro, acolhedor e sem julgamento. Todas essas soluções, embora pequenas, podem ter um impacto significativo, e nosso estudo revelou milhares de indivíduos e organizações em todo o mundo que já estão promovendo mudanças”.

Isso inclui pessoas como Karen Guttridge, que, como mulher mais velha, sentia que não havia oportunidades de praticar exercícios em sua localidade e, por isso, decidiu criar seu próprio grupo de corrida para mulheres com mais de 50 anos. Esperando que cinco mulheres participassem da primeira sessão, Karen ficou impressionada quando mais de setenta mulheres com a mesma mentalidade compareceram. Oferecendo programas de corrida para todos os níveis de exercício e um espaço convidativo, seguro e sem julgamentos para as mulheres criarem vínculos, o grupo tem sido um enorme sucesso e ajudou muitas mulheres a se exercitarem e a se sentirem confiantes nessa prática.

A ASICS quer reconhecer e celebrar o incrível impacto de pessoas como Karen em comunidades de todo o mundo. Hoje, a ASICS está destacando os indivíduos e organizações notáveis que estão ativamente derrubando barreiras para as mulheres no esporte e na prática de atividades físicas. Além das histórias de quem está fazendo a diferença, a plataforma Move Her Mind da ASICS contém recursos, atividades e dicas para ajudar mais mulheres a se exercitarem com mais frequência.

A ASICS sabe que há muito mais pessoas e organizações fazendo a diferença em todo o mundo. Neste Dia Internacional da Mulher, a ASICS está convidando as pessoas a enviarem suas histórias e experiências, para que mais mulheres possam se unir, receber apoio e se inspirar.

Tomoko Koda, diretor executivo da ASICS, comenta: “A ASICS foi fundada com a crença de que o esporte e o exercício beneficiam o corpo e a mente. É por isso que nosso nome é ASICS: ‘Anima Sana in Corpore Sano’, ou ‘Mente sã em um corpo são’. Embora nosso estudo tenha constatado que muitas mulheres não estão satisfeitas com seus níveis de atividade física, ele também revelou o enorme impacto que indivíduos e organizações civis estão tendo para ajudar as mulheres a se exercitarem.

Com o lançamento do Move Her Mind, esperamos oferecer a essas pessoas notáveis uma plataforma para se unirem e inspirarem outras pessoas, para que todos possam ter uma mente sã em um corpo são. É hora de mais mulheres e meninas experimentarem os benefícios físicos e mentais positivos dos exercícios. É hora de mudar. É hora de ‘Move her Mind’”.

Acesse a plataforma Move Her Mind em e se envolva

Notas aos editores:
o estudo foi encomendado pela ASICS e liderado pela Dra. Dee Dlugonski, professora-assistente do Sports Medicine Research Institute, da Universidade de Kentucky, e pelo professor associado Brendon Stubbs, do King’s College de Londres. Ambos são pesquisadores renomados em atividades físicas e bem-estar mental.

O estudo foi conduzido de junho a setembro de 2023. No total, 26 grupos de foco ocorreram em todo o mundo, e 24.772 pessoas responderam à pesquisa on-line em mais de 40 países, fazendo deste o maior estudo do gênero. Todos os grupos de foco foram liderados por mediadores independentes, incluindo acadêmicos de destaque e especialistas do setor.

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Temperatures slightly down

The weather Tuesday is partly cloudy to very cloudy in the afternoon over the northwest and midland with temporarily stormy and sometimes heavy showers. Rainy over eastern and locally southern regions during the night.

The wind is blowing relatively strong near coasts, light to moderate elsewhere.

The sea is very choppy in the Serrat regions and choppy elsewhere.

Temperatures are slightly down with highs ranging between 13°C and 18°C in the north and on heights and between 19 and 24°C elsewhere.

WB willing to consider Tunisian government’s priority project proposals

World Bank (WB) Country Director for the Maghreb and Malta Jesko Hentschel expressed his institution’s willingness to examine the project proposals that the Tunisian government intends to implement in line with its priorities for the next period.

Speaking at a meeting held on Monday with Minister of Economy and Planning Feryel Ouerghi Sabïi, Hentschel and the delegation accompanying him reviewed the main themes and fields that the two sides will look at over the next period, and which are in keeping with national priorities such as renewables and water, given the exacerbation of the phenomenon of climate change, food security, social security programmes and human development, as well as support for the private sector, in particular small and medium-sized enterprises.

The minister underlined in this regard, the need to finish the projects funded by the WB on time, voicing willingness to step up coordination with the ministerial departments in order to resolve the problems that are hampering the completion of
some of these projects.

Hentschel, for his part, highlighted the importance of the strategic partnership between the two sides and the need to further boost it.

During the meeting, which was attended by WB Resident Representative for Tunisia Alexandre Arrobbio, the two sides discussed financial cooperation and action programmes for 2024 as part of the Country Partnership Framework (CPF) 2023-2027.

Tunisian companies learn about construction and technology projects in Saudi Arabia (CONECT)

Some fifteen Tunisian companies, led by the Confederation of Citizen Enterprises of Tunisia (CONECT) International, are on a visit to Riyadh in Saudi Arabia on February 26-March 7, in order to learn about the main players and projects in the building, construction and technology sectors.

These companies operate in several sectors, such as public works, land services, building materials, facilities management, renewables, consultancy, international trade and information systems, CONECT said in a press release on Tuesday.

The visit aims to step up direct contact with international partners, scale up economic and technical cooperation, explore trade and investment prospects and opportunities and share successful experiences in Tunisia and Saudi Arabia.

The programme includes a visit to one of the largest international building and construction exhibitions in Saudi Arabia, “Big 5 Construct Saudi,” held on February 26-29, with the participation of over 1,300 exhibitors from 47 countries and with the goal to bri
ng together 55,000+ industry players, government stakeholders and active buyers.

The delegation will also visit the LEAP 2024 technology show on March 4-7, which is the world’s most attended tech event focusing on technology at the global level, the future of new techniques and their role in the development of mankind, such as artificial intelligence.

The value of trade between Tunisia and Saudi Arabia reached $258 million in the first 11 months of 2023.

In the third quarter of 2023, the value of Saudi non-oil exports to Tunisia came close to 513.42 million Saudi riyals.

Saudi Arabia’s main exports are chemicals, packaging and construction materials.

”Leasing of aircraft by Syphax Airlines to Nigerian carrier is legal” (Transport Minister)

The leasing of an aircraft by Syphax Airlines to a Nigerian carrier is legal and had been carried out in compliance with the conditions for renewal of its authorisation, Transport Minister Rabi Majidi said.

These clarifications were presented by Majidi in his response to a question by MP Fatma Mseddi during a plenary session of the Assembly of People’s Representatives (ARP) on Tuesday.

Addressing the Minister of Transport, Mseddi said that the leasing operation does not comply with current legislation, calling on him to assume his responsibility in this matter, now under investigation.

Mseddi also raised a number of points, including the fact that the carrier is still operating despite its suspension six months ago, the fact that it obtained approval from the Transport Ministry to lease the aircraft illegally, that foreign skills are employed and the prerogatives of the head of the Directorate General of Civil Aviation.

Majidi pointed out that the operation in question, which had been carried out in compl
iance with national and international provisions, had been possible because the leased aircraft is listed in the Tunisian civil aircraft register and bears the company’s trademark.

Commenting on the suspension of Syphax’s operations for the past six months, Majidi said that the company had already operated two flights under the last two operating licences.

As for the employment of a Nigerian crew, Majidi indicated that this issue is in conformity with the law, notably the decree of the Minister of Transport and Logistics of November 5, 2020.

OACA plans to invest TND 5 million in 2024 to boost activity at Tunisian airports (Minister)

The Office of Civil Aviation and Airports (OACA) plans to invest around 5 million dinars in 2024 to boost the activity of Tunisian airports and guarantee their level of operation, Minister of Transport Rabie Majidi told a plenary session of the Assembly of People’s Representatives (ARP) on Tuesday.

In response to a question from MP Mohamed Yahyaoui on the revitalisation of Tabarka-Ain Drahem airport, the minister said that the OACA had incurred losses estimated at TND 8.5 million in 2022 as a result of operating costs and its efforts to keep airports operational and continue the policy of waiving airport and air navigation charges.

Tabarka airport is covered by the ministry’s new policy to boost national airports, he pointed out, by encouraging the private sector, creating aeronautical industrial and logistics zones, and implementing a communication strategy to promote the northwest.

“Tabarka airport has seen a significant drop in passenger numbers in recent years, from over 65,000 in 2010 to 1,000 passeng
ers in 2016”.

The MP suggested that a national committee should be set up to boost activity at the airport, stressing the importance of open skies.

ARP approves bill on closure of State budgets for 2017, 2018, 2019 and 2020

The Assembly of People’s Representatives (ARP) approved in a plenary session held on Tuesday afternoon the laws closing the state budgets for 2017, 2018, 2019 and 2020.

During the plenary, MPs criticised the delay in approving these budgets, saying it would affect Tunisia’s relations with donors, its rating by international rating agencies and investments.

They went on to say that the adoption of laws closing budgets whose contents they did not know risked compromising them, and called for their predecessors to be held accountable and for the veil to be lifted on the expenditure made under these budgets.

For them, the law on the closure of the State budget is one of the main instruments of control exercised by the Assembly, enabling it to obtain information on the management of public expenditure.

For her part, Finance Minister Sihem Nemsia said that her ministry had submitted the bills concerned to Parliament within the set deadlines, noting that there had been a delay at parliamentary level.

the bill to close the state budget for 2021, the minister pointed out that the delay in passing this legislation was due to the dissolution of the previous parliament.

Nemsia noted that the adoption of the law on the closure of the budget does not mean the final closure of the file, nor does it mean the abandonment of legal proceedings against any perpetrator who has committed a crime or harmed the national community.

She added that her department was currently working on draft laws to close the state budgets for 2021, 2022 and 2023.

The minister also noted that the amendment of the Foreign Exchange Code would make it possible to overcome a number of difficulties faced by Tunisian and foreign investors, as well as Tunisian citizens in general.

“This new code represents a revolution in this field, especially as the current foreign exchange code dates back to the 1970s,” she said, believing that this text will meet the expectations of Tunisians.

Stock market ends Tuesday session on gloomy note (-0.2%).

The stock market ended Tuesday’s session on a gloomy note. The benchmark index fell by 0.2% to 8,567.2 points, with a low flow of TND 1.6 million, according to stock market broker Tunisie Valeurs.

CELLCOM shares were the biggest gainers. The shares of the distributor of the EVERTEK brand rose by 4.3% to TND 1.440 on a limited volume of TND 4,000.

CIL was the star performer of the session. The independent leasing company’s share price rose by 3.3% to TND 19.840, feeding the market with TND 232,000 of capital, the highest flow on the stock market.

MPBS shares were the worst performers on the Tunindex. The wood specialist’s shares fell by 5.7% to TND 5.000 in a lower trading volume of TND 2,000.

Shares in Ciments de Bizerte were also down, falling 3.2% to TND 0.600. The stock saw a meagre volume of TND 24,000 during the session.

El Mbarka neighbourhood rehabilitation project in Sidi Thabet to launch soon

The project to rehabilitate the El Mbarka neighbourhood in the delegation of Sidi Thabet, Ariana governorate will be launched in the next few days at a total cost of TND 7.349 million

Co-financed by the European Investment Bank (EIB) in the form of a loan and by the European Union in the form of a grant, in addition to public funds, the project will include the installation of a sewerage and rainwater drainage system, street lighting, the paving of roads and the rehabilitation of the drinking water supply network.

The project is part of the second phase of the programme for the rehabilitation of residential areas, the works of which were scheduled for the first quarter of 2020.