The Union of Oil and Gas Workers rejected on Saturday transferring the country’s revenues of oil exports to the government of Abdul Hamid Dbeibeh, Libya Update reports. The union’s reaction came following the request made by Head of the Audit Bureau, Khaled Shakshak, inviting the National Oil Corporation (NOC) to transfer oil revenues to Dbeibeh’s […]
The African Development Bank, AfDB, has made equity investment worth $11 million in Luxemburg-based BluePeak Private Capital Fund to support mid-size firms, including in the pharmaceuticals, agribusiness, manufacturing, and logistics sectors, across Africa. The Abidjan-based bank in a statement said BluePeak – a flagship private capital fund – will provide growth capital to middle-sized companies […]
IRINI, the European Union (EU) naval operation tasked to reinforce the UN arm embargo on Libya, has arrested a ship bound to Libya transporting vehicles intended for military use, reports say. The action took place July 18 when the vessel identified as MV VICTORY RORO, flying the flag of Equatorial Guinea entered IRINI’s search zone […]
