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| Libya Buys Portman House on Oxford Street at 155 Million Sterling |
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Land Securities today announced that it has completed the sale of Portman House, a retail and office investment in a prime location on Oxford Street, London W1, to Kinloss Property Limited, a wholly owned subsidiary of the Libyan Foreign Investment Company (LAFICO) for £155 million which reflects a yield of just over 7.0%.
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| Italian Lombardy Seeks More Trade with Libya |
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The northern Italian region of Lombardy is seeking to expand trade with Libya. Business leaders from the regional capital and financial centre, Milan, intend to expand business links on a visit later this year.
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| Impregilo Signs Contract with Libya Worth 360 million Euros |
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Impregilo, through its joint venture Impregilo Lidco, in which the Italian group has a 60% stake (the rest is in the hands of the Libyan Development Investment Co), has signed contracts in Libya with a total value of 360 million euros.
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| MoneyGram, Saudi National Commercial Bank to Launch Large Global Money Transfer Network |
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MoneyGram International and Saudi Arabia's National Commercial Bank Announce Strategic Relationship to Launch Kingdom's Largest Global Money Transfer Network Deal makes money transfer available to 6 million expatriates at 1,400 ATMs across the country.
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| AAAE/IAAE, Abu Dhabi Airports Company Team Up |
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The American Association of Airport Executives (AAAE)/International Association of Airport Executives (IAAE) and the Abu Dhabi Airports Company (ADAC) have signed a Memorandum of Understanding to enhance aviation and training services, including the establishment of a regional training center in Abu Dhabi, for airport officials in the Middle East and Gulf regions.
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| Security Technology Exhibition in Tripoli on 27 June |
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The Security Technology Exhibition STEX Libya 2009 activities will take place on the grounds of the Tripoli International Fair on July 27th-29th 2009, with more than 35 international and national companies in the fields of home land (air, sea and land), critical infrastructure, border control, maritime surveillance and oilfields security.
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| Arab Capital Inflows Surge by $15bn to a Record $89bn in 2008 |
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Capital flow into Arab nations soared by around $15 billion to a record $89bn in 2008 despite a sharp slowdown in worldwide investments in the second half of 2008 due to the global crisis, official figures showed yesterday.
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| Verenex could Improperly bought Oil Property in Libya |
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Libya's National Oil Company is accusing Verenex Energy Inc. (TSX:VNX) of improperly bidding for exploration rights in Libya four years ago - allegations that further complicate the company's planned sale to a Chinese firm.
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| Oxford Business Group (OBG) to produce Libya's second annual economic report |
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Following the resounding success of Libya's first annual economic review, The Report: Libya 2008, Oxford Business Group (OBG), the highly acclaimed global publishing, research and consultancy firm, and the General People's Committee (GPC) of Industry, Economy and Trade, have renewed their partnership for the production of the second edition of the authoritative investment guide to the country.
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| Dubai's First Low Cost Airline Takes Off |
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Flydubai, Dubai's first low cost airline, became a reality on Monday, June 1, 2009, when its first commercial flight took off.
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| Alaska's Rat Island could be Rat-free after 229 Years |
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Alaska's Rat Island is finally rat-free, 229 years after a Japanese shipwreck spilled rampaging rodents onto the remote Aleutian island, decimating the local bird population.
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| MSB, BTSMTC Organize Executive Seminar Series in Tripoli Targeting Libyan Managers |
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The Mediterranean School of Business (MSB) in Tunisia has launched a series of executive seminars in collaboration with BT Server Training Center in Al Fornaj, Ain Zara, Tripoli.
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| Libya earmarks 11.8 bln euros to attract investment |
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Leader Muammar Gaddafi told Italian business leaders last week that Libya has earmarked spending of 11.8 billion euros to attract foreign investment to the country and Italian investors were number one priority.
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| Eni CEO: New Libyan Projects to Come Up Soon |
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Eni SpA (E) hopes to add new hydrocarbon projects in Libya in "the next few weeks," said Chief Executive Paolo Scaroni Tuesday, as relations between Italy and Libya improve.
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| Libyan-Tunisian Services Trade Show Ended with Satisfaction |
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The third edition of the Libyan-Tunisian international trade show for services ended on Wednesday in Tripoli with the public and exhibitors expressing satisfaction with the fair.
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