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Sunday, 17 July, 2011, 13:52 ( 11:52 GMT )
APICORP Reports Highest Annual Net Profit in its History
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.
UK Business Firms Reassess Their Exposure to Libya
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.
Oil High on Libya Concerns; Oil Prices rise in Volatile Trading
Brent crude futures climbed above $110 a barrel as turmoil in Libya fuelled fears that unrest could spread to other oil-producing nations and choke supplies, it has been reported.
IMF chief urges global monetary reform
IMF chief Dominique Strauss-Kahn on Thursday said the currencies of China and other emerging economies should play a greater role in global finance, as part of a bid to promote monetary stability.
Canada Fears Dubai Stock Increase
A Canadian official on Friday balked at the prospect of Dubai increasing its minority stake in a combined London and Toronto Stock Exchange, and possibly seizing control of the "strategic asset."
Libya to Import 1.3M Tonnes
Libya expects its wheat harvest to rise 50 percent this year to 300,000 tonnes, which would put its expected imports of the commodity at 1.3 million tonnes, Ali Arhouma who heads Libya's Grain Production Authority told Reuters.
Libyan Bourse declines by 15.47 points Feb 09
The composite index of the Libyan Bourse of Securities (LYX) Wednesday closed at 1,504.60 points, with a decline of 15.47 points, or 1.02 per cent of its value, compared with the previous session. The total value of the transactions reached 498,390 Libyan dinars (1.230 Libyan dinars = US$ 1) taking the exchanges from 19,143 shares in the framework of 61 financial transactions.
US trade gap widens as China deficit hits record
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.
LTT Launches New LibyaPhone Service
State-owned Libya Telecom and Technology (LTT) company on January 31 launched its new service LibyaPhone Mobile.
Libya Doesn't Support Opec Meeting, Oil at $100 a Barrel in Justified
OPEC's top producer Saudi Arabia takes a relatively moderate stance on oil prices, favouring a price range of $US70 to $Us80.
Libya Pays Daewoo $204M to Build Hospital
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.
General Manager Appointed for JW Marriott Hotel Tripoli
The Marriott Middle East & Africa Regional Office announced that Gerald Moutte, a Marriott veteran, was appointed as the General Manager for the pre-opening of Marriott International's first hotel in Libya, the JW Marriott Hotel Tripoli.
First Marriott International Hotel in Libya to Open on Feb. 15
Marriott International, Inc., is to open its first hotel in Libya, the JW Marriott Hotel in Tripoli.
EU-US Decades-long ‘banana war' ends
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.
Rattled Arab stocks shed $49 billion: KAMCO
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.
 
 
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 More Stories 
 APICORP Reports Highest Annual Net Profit in its History 
 UK Business Firms Reassess Their Exposure to Libya 
 Oil High on Libya Concerns; Oil Prices rise in Volatile Trading 
 IMF chief urges global monetary reform 
 Canada Fears Dubai Stock Increase 
 Libya to Import 1.3M Tonnes 
 Libyan Bourse declines by 15.47 points Feb 09 
 US trade gap widens as China deficit hits record 
 LTT Launches New LibyaPhone Service 
 Libya Doesn't Support Opec Meeting, Oil at $100 a Barrel in Justified 
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APICORP Reports Highest Annual Net Profit in its History
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.
Renewable Energy is a Win-win Situation for Everyone, Says CEO of the Desertec Industrial Initiative (DII)
Paul van Son, CEO of the Desertec Industrial Initiative (DII) made his first brief visit to Libya last week where he met with various Libyan officials and institutions.
 
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