09 Jun 2004 - 22 Jul 2022
Thursday, 20 July, 2006, 16:47 ( 14:47 GMT )
In a first official statement ever regarding the limiting of the infamous salary Law no. 15, senior Libyan officials says the law will not be valid in hiring at some companies active in Libya.
Libya will open its third oil and gas licensing round since sanctions have been lifted, another attempt to boost its oil production when oil prices are moving above $70 per barrel.
An agreement was signed in Tripoli to establish a joint Libyan-Russian Businessmen Council. It aims at promoting economic cooperation between the two countries.
GPCmttee has established a $10 billion fund called "National Investment Purse" with the aim of promoting local investments.
Looking at a rather bright business future in Libya, an air services private company has been recently established with the aim of getting a part of the growing market in the country.
Farwa Island is to become one of the most sought after tourist resort in Libya in the next few years.
Canadian construction company SNC-Lavalin has won a $1 billion contract to help build a major water distribution system in Libya that constitutes part of the Great Man-Made River project.
Travel to the UK will be made even easier starting the New Year 2005 when British Airways introduces two extra weekly flights from Libya.
Afriqiyah Airways has begun flying London-Lagos via Tripoli since early December, using its Airbus A300 aircraft.
The 1st Libya International Energy Conference, has been announced and it is going to be held on 25-26 April 2005.
The Libyan Central Bank has withdrawn $1 billion of assets which had been frozen for almost two decades in the United States.
Secretary-General of COMESA Mr. Setidesso Nighina welcomed Libya's interest in joining the economic body and the importance the members attach to Libya's role in the organization.
© 2006 - All Rights Reserved