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| Foreign Oil Companies Must Help in Libyanizing Engineering Projects |
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Speaking to Foreign oil companies' representatives, the Chairman of the National Oil Corporation (NOC) Shukri Ghanem stressed that Libya was determined to carry out a policy of Libyanization of engineering projects.
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| Libya's Trade Sector is Under Reorganization, Launches ‘International Trade Network Project’ |
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In their quest to diversifying, Libyan economic officials have turned their focus on the situation of trade and commerce in the country with the aim to make it more economically viable than it has been so far.
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| 667,000 People Lost Jobs in USA Last Week |
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New jobless claims rose more than expected last week and the number of Americans continuing to receive unemployment benefits has topped 5.1 million, fresh evidence the recession is increasingly forcing employers to shed jobs.
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| OBGLaunches ‘The Report Libya 2008’ |
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In a ceremony that was attended by a number of Libyan senior officials, the first comprehensive English-language guide to the Libyan economy and business environment, "The Report: Libya 2008" was launched.
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| Zain Plans $1.5 Billion Africa Investment |
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Zain, the Kuwait-based phone company, plans to invest $1.5 billion in Africa to expand its existing networks, Business Report said, citing Chris Gabriel, chief executive officer of Zain Africa.
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| Ace Hardware to Open Six Stores in Libya |
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Taking advantage in the opening of the Libyan market and economy, Ace Hardware Corp. said Monday it plans to open six stores in Libya during the next 10 years, beginning with two stores this year in Tripoli.
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| China National to Take Over Verenex for $499 million |
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Libya-focused oil and gas company Verenex Energy Inc. has agreed to be taken over for $499-million by a subsidiary of state-owned China National Petroleum Corp.
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| EADS Defence and Security Nominates Business Representative for Middle East and North Africa |
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EADS Defence and Security (DS) has created, within its integrated Business Unit Defence and Communication Systems (DCS) a new Business Region Middle East - North Africa (MENA) in order to underline its commitment to the region and to increase its industrial footprint.
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| Libya to Buy 120 NIMR Combat Platforms |
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Bin Jabr Group has signed an agreement with the Libyan government to manufacture and deliver 120 NIMR 4x4 multimission combat platforms to the Libyan Armed Forces, according to Idex news.
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| UAE Orders at Arms Show $4b |
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Orders placed by host nation the United Arab Emirates at the IDEX defence show topped four billion dollars on Tuesday as the arms fair prospered despite the global credit crunch.
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| Aviation Insurance Seminar Meant to Introduce an Insurance Culture, Says African Insurance Co. |
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"The aim of organizing the Aviation Insurance seminar is to introduce the mentality of the insurance culture among the Libyans," said Mr. Naji Salim Bin Talib, the African Insurance Company vice president.
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| First Moroccan Bank Opens Representative Office in Tripoli |
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A first Moroccan bank, Attijariwafa bank Group, has been opened its representative office in Tripoli on 15 February 2009.
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| Deal Signed with Gaza Banks on Reconstruction Money |
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Palestinian Prime Minister Salam Fayyad says local banks have agreed to disburse reconstruction money directly to residents of the Gaza Strip whose property was damaged during Israel's recent offensive there.
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| US, UBS in Battle over Banking Secrecy |
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Swiss bank UBS and US authorities Thursday were locked in a high-stakes legal tussle over banking secrecy despite a pact meant to settle a gigantic tax fraud case shaking the Swiss banking industry.
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| Oil Service Stocks Rally Amid A Notable Increase In The Price Of Oil |
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After trending lower in recent sessions, oil service stocks have moved sharply higher over the course of the trading day on Thursday. The strength in the sector comes amid a notable increase by the price of oil.
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