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| EU-Libya Chamber of Commerce Director General : Squaring the Circle in Long Relationship with Libya |
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At the beginning of this year, the EU-Libya Chamber of Commerce was launched in order to help companies throughout the European Union that wished to establish themselves in Libya on a one to one basis. What follows is an interview KAREN DABROWSKA, The Tripoli Post's UK correspondent carried with the organisation's Director General, Mr Claudio Cassuto who first outlined a brief history of the Chamber and explained the aims and objectives why it was formed.
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| AfDB supports Gabon Renewable Energy Sector with €57m loan |
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The African Development Bank approved loan of €57.5 million to the Coder Hydropower Project for the design, construction and operation of two run-of-river hydro projects in Ngounie Province and North Gabon. The goal is to increase generating facilities from 373 MW to 1200 MW by 2020.
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| Elections Vital First Step to Restarting Libyan Economy |
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Libya's recent elections were a vital first step to restarting the economy, exploiting the oil wealth, attracting investment and improving the lives of the population. The country is being coaxed into a new era of political, social and economic development.
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| Foreign Contractors in Libya: Resorting to Force Majeure under Libyan Law |
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Gaddafi regime triggered the violent acts that rendered normal life impossible in Libya. This forced international contractors to cease their performance under contracts signed with the Libyan government. Therefore, international contractors are entitled to claim force majeure as a defense of nonperformance.
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| Denmark Trade and Business Delegation to Visit Libya in September |
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Come September, the Danish Minister of Trade and Investment, Pia Olsen Dyhr, will head an official Danish business delegation to Tripoli.
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| Libya Demands Compensation of $1.7B from Goldman Sachs, Societe Generale |
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Libyan Investment Authority insists on reviewing how Goldman Sachs and Societe Generale managed of Libyan investments worth $1.7 billion including one single investment loss of $900 million with Goldman Sachs.
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| Innovation Africa Summit in Cape Town Bringing Together World Leaders in ICT, Education, Technology |
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Featuring participation by top level ministers and officials from across Africa as well as representatives of the world’s top technology brands, the Innovation Africa Summit to be held October 5-7 in Cape Town aims to be the networking event of the year, facilitating crucial public-private partnerships to guide the future development of Africa’s fast growing ICT, education, and technology sectors.
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| GE could make $10bn revenue from Libya |
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General Electric, the biggest maker of power-generation equipment, expects to generate as much as US$10bn in revenue from Libya, as the country vies to rebuild its economy, infrastructure, and institutions, and respond to the demands of its population, the company’s regional President and CEO told Arabian Business.
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| Italian SIS&I; Business Mission Back Home After Fact-Finding Visit to Libya |
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The Italian companies that made up the business mission very well appreciated the visit, that was intended to help the Italian small-medium business, in this difficult period, to find new markets in a country, such as Libya, that represents a clear opportunity for the Italian economic operators.
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| The Free Libya: a new market that is being opening |
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We believe that the Country hosting us will have a bright future. Inschiallah, it can be a rich and prosperous land and its citizens can play an important role in the Mediterranean Basin as well as in the African Continent.
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| Gazprom Neft Says It is Still Interested in Libya’s Elephant Oil Project |
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Gasprom is still interested in acquiring half of Eni’s 33.3 percent stake in the Elephant oil project at the value of $170.
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| Decree Allows Foreign Investors to Enter Joint Ventures in Libya |
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Libya’s Ministry of Economy has issued a new decree allowing foreign companies to enter joint ventures and open a representative office to study the Libyan market. It is aimed at reorganising and facilitating the process of foreign-local partnership.
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| Cash Abundant, Libya Lifts Limit on Cash Withdrawals |
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AS of Thursday June 7, Libya has removed all restrictions and limits on cash withdrawals. The move is a sign of confidence in the country’s banks and the existence of huge amounts of cash in the coffers of these banks.
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| Oil Ministry in Libya Opens Office in Benghazi |
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In its quest to improve services and expand business all over Libya, the Ministry of Oil opened an office in Benghazi.
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| Shell, ENI Need to Clarify Controversial Oil Deals in Nigeria |
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Contradictions in statements made by Shell and ENI and the Nigerian government about payments made for an oil deal in Nigeria underlines the need for all parties to come clean on such deal. Director of Global Witness says, “Shell’s credibility on revenue transparency is now horribly tainted – all the more so, since it has been at the forefront of efforts to gut both US and EU disclosure laws.
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