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Saturday, 15 August, 2009, 11:55 ( 9:55 GMT )
Editorial/OP-ED




Al-Megrahi Calls Mother Who Says She Keeps the Door Open, Expecting Him to Enter at Any Moment

Afriqiyah Airways Receives Airbus A330, Moves Ahead Into High Skies in Aviation World
Afriqiyah Airways' long awaited delivery of Airbus A330 took place last week. The handing over ceremony of the aircraft from the Airbus officials to Afriqiyah Airways was held at the premises of Maitiga Airport. Libyan and Airbus officials attended the ceremony.

Germany, France lead march out of recession
Germany and France led a surprise rebound out of recession on Thursday, helping drag the 16-nation eurozone back towards positive territory in a further sign a global economic recovery is taking hold.

Libya, Bids for Shell's UK Refinery
Libya and India's Essar are both bidders for Shell's UK refinery according to a report in the Sunday Times.

S. Korean Company Wins $996 mln Libya Contract
South Korean builder Sungwon Corp has won a preliminary order from Libya for a housing project worth about $996 million, the company said in a filing to the Korea Exchange on Thursday.

El-Hamedi Receives Inspiration Award in Canada
As the first Arab Inspiration Award winner, the Libyan businessman and philanthropist, Khaled El-Hamedi, received his award in Tronto, Canada last week stressing that the way forward is through education and acquiring of digital knowledge.

Ghanem: OPEC Members Need to Stick with Quotas
Libya's top oil official, Mr. Shokri Ghanem, said Thursday that members of the Organization of Petroleum Exporting Countries.

African-Arab Business Investment Forum to Take Place on 11 October in Dubai
An Africa-Arab Business Investment Forum - a major, high-level international forum organized with the endorsement and support of the UAE Ministry of Foreign Trade, the NEPAD Business Group and African Business Roundtable, is to take place from 11th - 13th October 2009 in Dubai, United Arab Emirates.

S.Korea Amco wins $420.5M to Build 2000 Houses in Qubbah
South Korea's Amco, a subsidiary of Hyundai Motor Co, said on Tuesday that it had won $420.5 million deal to construct public housing in Libya.

Maghreb Transport Officials Sign Cooperation Accords in Libya
Transport ministers from Algeria, Libya, Mauritania, Morocco and Tunisia signed on 23 July three land and sea transport agreements at the conclusion of the 12th Maghreb Transport Ministers Council Thursday in Syrte, Libya.

Libyan Inflation Plunges to One Percent in June, Central Bank
The inflation rate in Libya plunged to one percent in June from 12.4 percent a year earlier amid the global credit crunch, the Central Bank of Libya announced on Thursday.

Arab Banking Corp moves to profit in Q2
Bahrain-based Arab Banking Corporation swung back to profit in the second quarter after shedding toxic investments, but its earnings were down compared to the first quarter on higher provisions.

Heavy Losses in Air France-KLM
The Franco-Dutch airline Air France-KLM, Europe's biggest airline, reported on Thursday a net loss of 426 million euros in the first quarter of its 2009-2010 fiscal year.

Libya, Finmeccanica Sign MoU for a Strategic Cooperation, Entering Market Worth $20B
Finmeccanica, the Italian leading aerospace, defense and security company and the Libyan Investment Authority ("LIA"), the Libyan sovereign wealth fund, and Libya Africa Investment Portfolio, LAP, an Investment Fund owned by LIA, share the view that Libya and the Middle East and Africa countries will offer, in the near future, significant investment opportunities in a broad range of industrial sectors in which Finmeccanica is present at a global level and they intend to leverage on their joint capabilities to access new markets working with local customers and partners.

Oil at $67
Oil prices rose Thursday on bargain-hunting after sharp falls the previous day as a surprise jump in US crude reserves highlighted weak demand in the world's biggest energy consumer.

Russia Expects $2.6B in Aircraft Sales in 2009
Russia's state arms exporter Rosoboronexport has said military aircraft will continue to dominate the company's foreign sales in 2009, and will total about $2.6 billion.

  More Stories  
  Libya, Bids for Shell's UK Refinery  
  S. Korean Company Wins $996 mln Libya Contract  
  El-Hamedi Receives Inspiration Award in Canada  
  Ghanem: OPEC Members Need to Stick with Quotas  
  African-Arab Business Investment Forum to Take Place on 11 October in Dubai  
  S.Korea Amco wins $420.5M to Build 2000 Houses in Qubbah  
  Maghreb Transport Officials Sign Cooperation Accords in Libya  
  Libyan Inflation Plunges to One Percent in June, Central Bank  
  Arab Banking Corp moves to profit in Q2  
  Heavy Losses in Air France-KLM  
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More Featured Articles
Libya to Host OPEC Summit in 2012
Libya is to host the OPEC summit for the year 2012 as a result of a decision adopted by the summit on Sunday in Riyadh, Saudi Arabia.OPEC members will also discuss the dollar issue at the Dec. 5 meeting in Abu Dhabi.

ADCB Awarded “The Bank of the Year” in the Middle East
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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