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| Emaar Still Interested in a Mega Project in Libya |
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Emaar Properties has said Friday that it expected to clinch a deal within three months to build a residential and industrial zone in Libya.
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| Five Foreign Banks Shortlisted for Buying Al-Wahda Bank |
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Five foreign banks have been shortlisted for the privatisation of Al-Wahda Bank, among them Societe Generale of France and Italy's Intesa Sanpaolo, the Libyan central bank said on Thursday.
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| Magna Holdings Gets Finance Facility From ABCIB to Finish Work at Waddan Hotel in Tripoli |
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Magna Holdings International Limited group (MHIL) achieved financial close on a US$16 million seven-year Project Finance Facility for the Al Waddan Hotel in Tripoli, Libya.
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| Assets of Arab Banks Grow 20% to $1.6Trillion |
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The growth of Arab economies is well reflected on the assets of regional banks which reached $1.6tn in August, Qatar Central Bank Governor HE Sheikh Abdullah bin Saud al-Thani said.
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| ExxonMobil Eyes Libyan Oil Business |
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US ExxonMobil said it hoped to establish a "significant" position in Libyan oil business after returning to the country.
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| Ghanem: Global Oil Output cannot Go Above 100 million BD |
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| RBI of India Limits Western Union Growth |
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The Reserve Bank of India (RBI) has recently asked international money transfer agent Western Union Co. Ltd to stop expanding its network in India till it receives "further instructions" from the central bank, which also doubles up as the regulator of the banking and foreign exchange business. The company operates in India through a network of principal agents and sub-agents.
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| Libya, First Time on GCR, Ranks 26th in Middle Stage of Development |
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Libya, first time on the list of the Global Competitiveness report has ranked 26 in the group of countries in the middle stage of development. Thanks to the recent oil boom, the country excels on macroeconomic indicators, with one of the highest budgetary surpluses and one of the lowest government debt levels worldwide.
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| Aviation Holding Company Established in Libya |
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A new aviation holding company has been established in Libya with the aim to implement the country’s seemly an ambitious pubic policy of aviation to compensate for over ten years of lost business during the international sanctions of the 1990s.
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| Intel, Microsoft Sell 150,000 Laptops to Libya |
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Intel Corp and Microsoft Corp have announced that they are supplying Libya with 150,000 rugged laptop computers at the cost of $200.The sale of the Classmate PCs to Libya is Intel's second-largest after a similar 700,000 pieces for a Pakistani university.
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| ADCB Awarded “The Bank of the Year” in the Middle East |
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The award received by Abu Dhabi Commercial Bank (ADCB) for its achievements set a clear example to other institutions in the Arab world to do the same with regard to ambitious plans for re-invention, expansion and growth.
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| Libya, Russia to Develop Cooperation in Oil, Gas Sphere |
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Libya and Russia are going to actively develop the cooperation in the oil and gas spheres.
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| Libyan, Tunisian Trade: Toward an Open Border Policy |
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Of late, Libya and Tunisia have been expanding their trade ties. Last year, the value of the two countries' trade exceeded the TND 1 billion mark (about the same in US$), compared to TND 570 million in 2005.
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| BP to Pay $373 Million in Federal Probe |
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Oil and gas giant BP PLC agreed Thursday to pay $373 million in fines and restitution to end investigations into whether it manipulated energy markets and violated environmental laws, the Justice Department said.
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| No Reason to Investigate Hydro over Libya Affair, Says OKOKRIM |
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No Reason to Investigate Hydro over Libya Affair, Says OKOKRIM
The Norwegian National Authority for Investigation of Economic Crime (OKOKRIM) has concluded that there is no basis for investigating Hydro over the so-called Libya Affair.
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