Sunday, 17 July, 2011, 13:52 ( 11:52 GMT )
Building further on its strong performance amidst a challenging global economic environment, The Arab Petroleum Investments Corporation (APICORP) today, May 9, 2011, reported its highest ever annual net profit, total assets and total shareholders’ equity. The government Libya has a 15% stake in APICORP.
Some of the biggest names in the UK, including HSBC, Standard Chartered, Barclays Capital and engineering firm Wood Group, along with many others, who have been working towards, or currently have, business relationships with Libya, are having to reassess their exposure to the country, Jonathan Russell writes on http://www.telegraph.co.uk.
Brent crude futures climbed above $110 a barrel as turmoil in Libya fuelled fears that unrest could spread to other oil-producing nations and choke supplies, it has been reported.
A Canadian official on Friday balked at the prospect of Dubai increasing its minority stake in a combined London and Toronto Stock Exchange, and possibly seizing control of the "strategic asset."
Libya expects its wheat harvest to rise 50 percent this year to 300,000 tonnes, which would put its expected imports of the commodity at 1.3 million tonnes, Ali Arhouma who heads Libya's Grain Production Authority told Reuters.
The composite index of the Libyan Bourse of Securities (LYX) Wednesday closed at 1,504.60 points, with a decline of 15.47 points, or 1.02 per cent of its value, compared with the previous session. The total value of the transactions reached 498,390 Libyan dinars (1.230 Libyan dinars = US$ 1) taking the exchanges from 19,143 shares in the framework of 61 financial transactions.
The US trade deficit grew in December as imports rose at the fastest pace since June, while the politically sensitive gap with China hit a record for the year, official data showed Friday.
OPEC's top producer Saudi Arabia takes a relatively moderate stance on oil prices, favouring a price range of $US70 to $Us80.
South Korea's Daewoo Engineering & Construction Co Ltd has received a $204 million order to build a general hospital in Libya as it is beefing up operations in the North African market.
A decades-long "banana war" between Europe and the Americas drew towards a definitive end Thursday as the European Parliament passed a deal to reduce import tariffs.
Arab stock markets, rattled by Egyptian turmoil, have lost a combined $49 billion since anti-government protests erupted in Cairo, Kuwaiti asset managers said on Thursday.
© 2011 - The Tripoli Post