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| Ministry of Transportation to Open Bidding on City Bus Procurement |
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After many decades, Libya to rebuild its public transportation for the first time and announces preparations for bid opening soon.
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| Turkey to Increase Trade With Tunisia |
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Following a visit to the Tunisian capital, Tunis, Turkish economy minister Zafer Caglayan, accompanied by Turkish Exporters’ Assembly (TIM) Chairman Mehmet Buyukeksi and a delegation consisting of 200 businessmen, said that Turkey is set to increase its trade volume with Tunis from $1.1 billion to $5 billion.
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| Libya: Libyan Oil Firms Get more Autonomy to Become Economically Successful |
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As Libya slowly gets rid of the heavy burden of the former regime and acquires new administration approach to its state-owned firms, especially in the oil sector, national companies are moving toward acquiring more autonomy in running their own affairs on cost-benefit basis rather than on political agendas.
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| Norwegian Yara Commits ‘Aggravated corruption’ Related to Libya Activities, AFP |
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A corruption probe into Norwegian Yara’s activities in Libya reveals aggravated corruption has been committed in relation with its operations there for a long period of time. Names of who participated in the corruption remains to be revealed.
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| Agoco Oil Output Reaches 331,000 bpd |
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Libya's Arabian Gulf Oil Co, Agoco is producing around 331,000 barrels of oil per day (bpd) and hopes to reach full production by the beginning of next month, a spokesman Abdeljalil Mayuf has said.
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| AfDB Water Initiatives in Africa Receive €45m Government Pledges |
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The governments of Chad, the Republic of Congo and France announced on March 14 that they would pledge some €45 million to support the African Development Bank's Rural Water and Sanitation Initiative and the African Water Facility.
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| Stock Market Re-opens Under New Libya Leadership |
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Libya’s bourse, closed for more than a year because of the armed conflict that eventually ousted Muammar Gaddafi from power after four decades of rule, began trading of 10 stocks Thursday and aims to list at least three more in 2012 as the economy stabilises.
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| Jalil: 2012 Budget to be Approved Soon |
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Libyan budget for 2012 which is estimated at over 68 billion Dinars will be approved by the NTC within the coming two days.
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| Libya 2012 budget spending to reach 68.5 bln dinars |
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The Libyan interim government budget provides for up to 68.5 billion dinars in spending this year. A government spokesman said the figure included reconstruction costs. The statement gave no mention of an estimated budget deficit.
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| Libya-China Oil Deal Means Lifting of 140,000 bpd |
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Beijing China's top two state oil firms have agreed to lift a total of about 140,000 barrels per day (bpd) of crude oil from Libya, an Opec member, under term deals for 2012, set to raise China's crude purchases from the Libya after supply disruptions last year.
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| Libya Oil, Gas Production Reaches over 70% of Pre-revolution Levels, Senior Official |
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Libyan oil and gas production has reached over 70% of pre-revolution levels and the quantity is increasing on daily basis, Libya’s refineries are also at their full production capacities.
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| OPINION: Reform of the Libyan Banking Market |
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Over the last 42 years, the oppressive regime in Libya had unshakeable control over the banking market, especially with respect to multiple, various lending activities. This led to problems in the commercial banks’ operations and further produced conflict in the strategic process of bank supervision and the determination of objectives.
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| Etisalat showcases its vision on the ‘Broadband for all’ at TEDx Tripoli |
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Mohammed Omran, Etisalat Chairman, spoke in Tripoli, Libya about the ‘broadband for all’ and the role played by the telecommunications sector in the development of communities and the establishment of a modern state to achieve a decent life for the entire nation and the key role of science, technology and innovation in the process.
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| French Airline to Start Flights to Tripoli March |
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Following the announcements by British Airways and Lufthansa that they would be resuming flights to Tripoli International Airport, now French airline carrier Aigle Azur has made a similar announcement with its president Arezki Idjerouidene saying that the carrier will start biweekly passenger flights between Paris and Tripoli in on March 27.
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| Lufthansa German Airlines Wings Back to Tripoli |
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After almost a year, with confidence on a high, the leading German airline Lufthansa has announced that it is to resume operations to the Libyan capital, Tripoli, on February 2, with up to three weekly flights between Frankfurt and Tripoli.
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