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Friday, 6 July, 2007, 11:9 ( 9:9 GMT )
Libyan Airlines to Order 15 Airbus Planes Including A350s, A330s and A320s
Libyan Airlines has signed a Memorandum of Understanding (MOU) with Airbus for the purchase of four A350s, four A330-200s and seven A320s, thus modernising its fleet with the newest technology aircraft. The Libyan flag carrier will use the new aircraft to replace and expand its existing fleet.
Libya, Sierra Leone Sign Investment Guarantee Agreement
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 Orders Six Airbus Planes A350s, Five A320s
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.
Africa Establishes Airspace Authority
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.
Cisco Appoints New Operations Manager for Tunisia, Libya
As a sign of an expanding clients' base in North Africa, Cisco®, the worldwide leader in networking for the internet, announced last week the appointment of Mr. Adel Dahmani as General Manager for Cisco's operations in Tunisia and Libya.
EU to Ban All Indonesian Airlines
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 Controls Its Oil as US Companies Pull Out
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.
Huge Companies will Bid for Libyan Gas in July
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.
Afriqiyah Airways Orders 11 Airbus Planes at $1.6 Billion
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 Signs Deal with Strategy Consulting for Libyan $20 Billion ‘Madinat Al Hanaa’ City
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.
Calyon Representative: We are Here to Finance Big Projects in Libya
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 Airlines Orders Three Bombardier CRJ900 Airliners
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 Signs Contract for New International Airport in Tripoli
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.
International Conference on Development, Banking and Finance Tripoli, 18-19 June 2007
An important conference on development, banking and finance will be held in Tripoli this Monday.
Africa Trailing World in Growth
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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 Calyon Representative: We are Here to Finance Big Projects in Libya 
 Libya Signs Contract for New International Airport in Tripoli 
 Libyan Airlines Orders Three Bombardier CRJ900 Airliners 
 International Conference on Development, Banking and Finance Tripoli, 18-19 June 2007 
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Libya to Announce Gas Auction in July
Chairman of the National Oil Corporation Dr. Shukri Ghanem has said that Libya will announce details of a gas exploration bid round at the start of July.
"We are specifying the conditions and preparing the blocks and at the beginning of July there will be an official announcement about these blocks," Ghanem said on Wednesday as reported by Reuters.
COMESA Steps Towards Customs Union
Libya's hard and continued effort to make African countries enter into a meaningful union that can lead the whole continent towards economic development and progress seem to be bring results at least at regional levels.
 
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