09 Jun 2004 - 22 Jul 2022
Saturday, 13 September, 2008, 23:49 ( 21:49 GMT )
Libya’s top oil official says all OPEC members should respect their quotas as the oil market was oversupplied as oil drops to close to $100 a barrel from a peak of $147 in July, rekindling worries of price crash.
Italcementi said the total value of investment in a project in Libya, a joint venture between the Italian company and Libya to build a new cement plant, is between $550 million and $750 million.
In a press release, the Global Education Studio of RMJM, the international design firm, said it has been selected by the Organisation for the Development of Administrative Centres (ODAC) to design the two new college campuses in Libya. The new campuses, for the 7th of October University at Bani Walid and Al Asmariya University at Zliten, are part of a major expansion of higher education facilities implemented by the Ministry of Education for Libya.
A top IMF official said Wednesday that a tentative agreement with major sovereign wealth funds would "help secure the global environment for effective and beneficial cross-border investing."
The Libyan government will invest 100 million euros (about 148 U.S. dollars) in Kenya to set up Sahel-Sahara Investment and Trade Bank.
Dubai-based port operator DP World posted on Thursday a 123 percent increase in net profits in the first half of 2008, which hit 287 million dollars, despite a global economic slowdown.
The combined value of the top 150 listed companies in the Gulf Cooperation Council (GCC) went up by US$213 billion in the past one year and, at US$916 billion, is inching towards the US$1 trillion mark, according to a survey conducted for a business magazine.
Three Gulf Arab banks will launch a specialised bank to finance infrastructure projects, an agriculture firm and a hospitality fund as rapid growth in the Middle East and North Africa lures billions in new investment.
Afriqiyah Airways has ordered GE's CF6-80E1 engines to power its three firm and three option Airbus A330 aircraft.
Tripoli has recently hosted a series of Career Development Activities held at Dat Al-Emad Business Centre for several participants from various fields in the Libyan business sector and organized by Mazaya Centre for Consultations and Training MCCT in conjunction with Innovaxin International.
World Trade Organization chief Pascal Lamy and top US trade negotiator Susan Schwab were to meet in Washington in an effort to restart the Doha Round of negotiations.
Awilco Offshore through Premium Drilling has received a Letter of Intent from an international operating company for a drilling program of two firm wells plus one optional well for the jack-up drilling rig WilForce.
The Dubai-based Indian Business and Professional Council (IBPC) said it is committed to promoting greater economic interaction between the UAE and India as the value of bilateral trade reached a record $19 billion last year.
Yemen and Libya have signed an agreement under which Libya will set up a 400 megawatt electricity station in Yemen.
Energy Recovery, Inc. ("ERI") (NASDAQ:ERII), a global leader of ultra-high-efficiency energy recovery products and technology for desalination, announced that it has been awarded a contract to provide the energy recovery technology for the Hamriyah (Phase 1) Power Station Seawater Reverse Osmosis (SWRO) Desalination Plant.
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