09 Jun 2004 - 13 Feb 2021
Friday, 16 May, 2008, 12:3 ( 10:3 GMT )
Taking into consideration the high demand for cement in countries such as Libya and other Arab states, Gulf Finance House (GFA), the leading Islamic investment bank with a track record for innovation announced Tuesday plans to create CEMENA, which is set to become one of the largest cement companies in the Middle East and North Africa.
Oil prices, which this week hit a record high near $123 a barrel, will probably rise even further, the head of Libya's National Oil Corporation (NOC) said on Wednesday.
Verenex Energy Inc., Calgary, contemplates the southern part of Area 47 in Libya's Ghadames basin as the core for an initial production phase of up to 50,000 b/d of oil by early 2010.
The Libyan population could increase from 5.3 million to 8 million in 2030, according to a survey conducted by the Libyan urban planning Office published by the Libyan paper "Oya" in its Wednesday issue.
RWE Dea, which is engaged in oil and gas exploration and production, has announced a fifth oil discovery in the Sirte Basin, Libya.
Secretary of Economy, Trade and Investment Ali Al-Isawi reiterated recently that Libya is strongly pursing an economic reform program and it would seek assistance from the World Bank in this regard, he also invited a team from “Doing Business” Report sponsored by the World Bank to visit the country.
Enhancing its role as the number one car rental organization in the Middle East and North Africa region, Dollar Thrifty Automotive Group, parent company of the Dollar Rent A Car and Thrifty Car Rental brands, today announced its partnership with Aldawlia Rent a Car and its strategy to expand operations in Libya, with a new Thrifty Car Rental office opening this year at Tripoli International Airport.
Five business groups will be dispatched to the five African counties this year. Announcing this on Saturday, head of Hamedan Chamber of Commerce, Industry and Mines noted that the target countries included Algeria, Tunisia, Sudan, Ethiopia and Libya.
Bolivia's President Evo Morales Thursday said the government was taking control of the national telephone company and some foreign energy concerns, consolidating a two-year nationalization process.
The Education Ministry will be asked to increase the number of vocational schools and introduce vocational education at an earlier stage to address the problem of dropouts now standing at some 83,000 at the primary and secondary school levels, Deputy Prime Minister Datuk Seri Najib Tun Razak said Wednesday.
SCAN Geophysical ASA has confirmed receipt of a contract award from Amerada Hess Libya Exploration Limited (HESS) for approximately 4,000 km of 2D marine seismic work off Libya, to be acquired by the high-capacity seismic 2D vessel M/V Geo Searcher.
Italian energy company Eni SpA (E) is in talks with OAO Gazprom (GAZP.RS) to sell it part of its stake in a Libyan oil field, as part of its accord to cement ties with the Russian natural gas company, Eni's chief executive said Tuesday.
Treasury is pushing for a middle ground in resolving a protracted row over the future ownership of the Kenya National Petroleum Refineries, pitting Essar Oil and Gas of India and Libya's Tamoil Africa Holdings.
Production was suspended at a Total SA. oil platform off Libya after a "mechanical incident", the Chairman of the National Oil Corporation (NOC) Dr. Shukri Ghanem said on Thursday.
Libya signed Wednesday a 70 million Dinar ($59.68 million)contract with Alcatel-Lucent aimed at building a WiMax network in the country.
The project will bring wireless internet service to Libya's towns and cities that are spread over two-million square kilometers, the total size of the country.
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