09 Jun 2004 - 13 Feb 2021
Tuesday, 28 August, 2012, 6:28 ( 4:28 GMT )
Following the recent launching of a branch officie in the Libyan capital, Tripoli of the Belhasa Trading and Development, a subsidiary of the Belhasa Group of Companies, has recently opened a branch office in Libyan capital of Tripoli. Samer Malkawi, managing director of the Libyan office said that Libya is a promising country with a high potential for any type of businesses.
AS of October 29, Emirates, one of the world's fastest growing airlines, is to restart flights to Tripoli, illustrating Libya’s importance in Emirates' global network and the airline's commitment to the country.
There are extensive business opportunities in Libya for foreign companies even though the country still faces many challenges including endemic corruption and smuggling which accounts for 40 percent of GDP and is equivalent to the defence budget. This is of great concern to Libya’s neighbours and to Libya itself.
The Libyan Iron and Steel company, LISCO, has announced that all production of reinforced steel and iron has resumed and is now available.
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.
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.
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.
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.
Come September, the Danish Minister of Trade and Investment, Pia Olsen Dyhr, will head an official Danish business delegation to Tripoli.
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.
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.
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.
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.
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.
© 2012 - The Tripoli Post