09 Jun 2004 - 22 Jul 2022
Friday, 6 July, 2007, 11:9 ( 9:9 GMT )
An agreement aimed at promoting investment in both Libya and sierra Leone was signed Wednesday during a visit by the Leader of the Revolution to this African country.
Afriqiyah Airways has placed a firm order with Airbus for the purchase of five A320s. In addition, this young and dynamic airline from Libya has selected the A350 XWB for its long-term expansion plan, signing a Memorandum of Understanding for the acquisition of six A350 XWBs.
WINDHOEK, June 27 -- Africa's skies are set to become safer with the inauguration on Thursday of the African Civil Aviation Agency (ACAA), a continental body to standardise and oversee licensing, training and inspection of aviation staff and equipment.
All 51 Indonesian airlines will be barred from flying to the European Union from next week after EU air safety experts deemed them to be unsafe, the European Commission said Thursday.
Venezuela moved last week closer to nationalizing its oil-rich Orinoco River basin, as four foreign oil companies signed deals giving Venezuela the lion's share of the profits and two US companies pulled out altogether.
The pace of gas deals in Libya is to accelerate in early July when around 15 onshore and offshore areas are to go under the hammer.
Banking on its last year successes as an African carrier that connected various African cities with Europe and the Middle East through its hub in Tripoli and flied over 400,000 passengers, the young Libyan private Afriqiyah Airways has decided to increase its fleet by ordering 11 Airbus planes as a first step for further expansion.
Tameer Holding, the leading Middle East real estate developer, has signed an agreement with Monitor Group Limited, a world-class strategic and capital consultancy, for the execution of a vast range of relevant market research, financial and analytical studies of 'Madinat Al Hanaa' - Tameer's largest property project in Libya valued at around US$20 billion.
Speaking on the sides of a two-day conference on banking and Finance that was held in Tripoli last week, Mr. Jean Paul Illy, the general manager of the Representative Office of Calyon Credit Agricole CIB in Tripoli said "we are here in order to finance big projects in Libya and to help Libya to evolve with capital market in particular."
Libyan Arab Airlines has signed a firm order for three Bombardier CRJ900 regional jets, Bombardier Aerospace announced The airline has also taken options on another two CRJ900 aircraft. This order was announced on June 6, 2007, but the identity of the customer was not disclosed.
Libya will begin construction of the new twenty-million-passenger per year international airport at Tripoli next August after five specialized international companies from Brazil, Turkey, France, Germany and Japan recently signed the contract for the project, the General Peoples's Committee announced during its weekly meeting last Monday.
An important conference on development, banking and finance will be held in Tripoli this Monday.
The World Economic Forum (WEF) began a meeting on Africa Wednesday by warning the continent faced being left further behind as its growth rates fail to match those elsewhere in the world.
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