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Thursday, 1 December, 2011, 2:43 ( 0:43 GMT )
Digicel, Part of Consortium to Take Over Libyan LAP GreenN
It emerged Friday that Digicel mobile group is now a part of a consortium proposing to pay $270 million (€204 million) for a majority stake in LAP GreenN, a mobile network owned by a Libyan state investment fund that was established in Africa in 2006.
World’s Economy on Course for a Crash
The Congressional super committee’s failure to reach an agreement coupled with Germany’s reluctance to bail out Europe is putting the world’s economy on course for a crash argues Clem Chambers, CEO of financial information site ADVFN.com and author of ‘101 Ways to Pick Stock Market Winners’.
Desert Energy - A Mighty Stimulus for Economic Development
With the armed conflict in Libya coming to an end, the Arab Spring has reached an important milestone. Now the question arises of how to resolve the economical and social issues in the Arab world that triggered these events in the first place.
APICORP Concludes Another Successful Divestiture
Arab Petroleum Investments Corporation (APICORP), the multilateral development bank of the Organisation of Arab Petroleum Exporting Countries (OAPEC) in which Libya has a 15% stake, Tuesday announced the sale of its 12.5% stake in the Bahrain National Gas Company (BANAGAS) to Kuwait-based Boubyan Petrochemical Company, K.S.C. (Boubyan). The divestment was recently approved by APICORP’s Board of Directors.
Montgomery re-enters Tripoli to Continue Established Libya Exhibition Programme
Since putting its Libya trade show programme on hold in February this year, Montgomery Worldwide subsidiary Montgomery Libya Ltd (MLL) has monitored developments in Libya closely and is now planning to re-enter the market with two international trade shows and conferences: ReBuild Libya 2012 and Oil & Gas Libya 2012, with tentative dates in the first quarter of 2012.
Zambia, Zimbabwe New African Destinations for Emirates
Emirates’ extensive African network is to be boosted again with the launch of two new destinations - Lusaka, the capital of Zambia, and the Zimbabwean capital, Harare.
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.
 
 
View Archived Articles
 
 More Stories 
 Digicel, Part of Consortium to Take Over Libyan LAP GreenN 
 World’s Economy on Course for a Crash 
 Desert Energy - A Mighty Stimulus for Economic Development 
 APICORP Concludes Another Successful Divestiture 
 Montgomery re-enters Tripoli to Continue Established Libya Exhibition Programme 
 Zambia, Zimbabwe New African Destinations for Emirates 
 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 
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More Featured Articles
Digicel, Part of Consortium to Take Over Libyan LAP GreenN
It emerged Friday that Digicel mobile group is now a part of a consortium proposing to pay $270 million (€204 million) for a majority stake in LAP GreenN, a mobile network owned by a Libyan state investment fund that was established in Africa in 2006.
Desert Energy - A Mighty Stimulus for Economic Development
With the armed conflict in Libya coming to an end, the Arab Spring has reached an important milestone. Now the question arises of how to resolve the economical and social issues in the Arab world that triggered these events in the first place.
 
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