Business Emerging Markets Features

How to Attract FDI to Maghreb: Casablanca Financial City a la ‘Shenzhen’

When in January 2013 the chief of the International Monetary Fund (IMF), Christine Lagarde, attended the 5th international conference of finance ministers and central banks governors of the Maghreb countries, she talked about the necessity of boosting growth and employment within the region, while also reminding the distinguished audience that political issues still constitute a […]

Features Headlines Libya

Libya – a Tourist Hotspot in the Making?

Despite many hurdles ranging from armed militia, fragile government to terrorism, Libya’s tourist minister, Ikram Abdulsalam Imam, believes that his country has the potential to become a new North Africa tourist hotspot. Although Libya is undoubtedly rich in places worth seeking, including 1,000 beaches, ancient Roman and Greek ruins, or palm-fringed oases, the world is […]

Headlines Libya

Libya warns oil companies dealing with militias

Following unsuccessful attempts by the Libyan government to end the siege laid on several oil ports in the country, it has issued another warning renewing the illegality of oil companies cooperating with the militias. The latest press release was prompted by intelligence that companies are “trying” to deal with militias despite earlier warnings discouraging such […]

Business Energy Features

Libya: Protesters defy government agreement

Shortly after Prime Minister Ali Zeidan announced on Wednesday that the Al-Harriga terminal which has a production capacity of 110,000 barrels will resume production and exportation after reaching an agreement with the protesters. Libya’s National Oil Corporation (NOC) published on its website that it has lifted the force majeure on the oil terminal on Thursday. […]

Features Headlines Libya

NATO agrees to help Libya

Libya will be receiving technical advice and training from the North Atlantic Treaty Organization (NATO) in response to a request made by its Prime Minister in May. NATO will be helping Libya to organize and establish a well-structured security team to replace its many militias which tend to have an ever growing influence and authority […]

Features Headlines Libya

Libya: Parliament searching for Zeidan replacement

Despite the uncertainty over those behind the kidnapping of Prime Minister Zeidan, the head of Libya’s Muslim Brotherhood said that the kidnapping could be justified by the Prime Minister’s actions and ought him to resign from power. Zeidan has stated that political parties played a role in what he called a failed coup d’état. Speaking […]

Features Headlines Libya

Libya demands raid answers from Washington

Officials in Tripoli are unpleased by the US Special Forces raid in Libya to capture Nazih Abdul-Hamed al-Ruqai, alias Anas al-Libi. They have released a statement criticizing US actions on their soil without their approval and referred to the capture and detention of Al-Libi as a “kidnapping.” Al-Libi has been on FBI’s most-wanted list with […]

Features Headlines Libya

Libya: addressing the country’s porous borders

The Defense Ministry has announced that the government is working with international private security companies to address concerns over the country’s porous borders especially in the South. These foreign security companies are to be contracted by the government to secure the borders and equip the army. Most of the border patrol in Libya is done […]

Business Features Finance

Libya to use its financial reserves before November

Finance Minister Alkilani Abdelkarim al-Jazi has warned that the blockage of oil ports should come to an end as soon as possible because the finances of the state have begun to feel the effects. Oil is Libya’s major revenue and the siege on ports and oilfields especially in the east have almost brought production to […]

Business Energy Features

Libya: Oil port demonstrators wants Federalism

Oil Minister Abdelbari al-Arusi has presented the serious situation that the government is faced with, since the lockdown of its oil ports by armed demonstrators a month ago. Production has fallen by almost 60% and the Minister described it as a “big difference.” Demonstrators have vacated some of the oil ports but exportations have not […]