First Independent Mena Newspaper
At the ongoing forum between Italian and Libyan counterparts, the latter has presented possibilities of establishing Italian businesses in the country. Libya is inviting them to invest in the country. On behalf of the government, deputy minister Ali Ahmed Elsaleh told the Italian investors about their plans and hoped that they will take part in […]
Libya’s Afriqiyah Airways has ordered four more Airbus A350-900s planes worth over $1.4 billion as the company prepares its international and regional comeback with competitive services. The carrier has also converted its original order for six Airbus A350-800s into six of the larger A350-900 model bringing up its total order to 10 jets. Afriqiyah Airline, […]
The head of Libya’s oil ministry Abdelbari al-Arusi is planning to set up two separate institutions which will be responsible for the exploration and production activities on one hand and the other will be taking care of the refinery but they will all be under the ministry. According to reports, Benghazi will host the body […]
The Libyan Investment Authority (LIA) on Monday flatly denied it is planning to take over Petroplus Petit Couronne, a French oil refinery which is currently in bankruptcy proceedings. “The LIA has denied the news circulated by some media and on the internet about its intention to buy an old refinery in France,” reported the Libyan […]
At the end of the Libyan delegation’s visit to Morocco, both counterparts seem to be happy of the outcome of the negotiations to encourage investment. The chief of the Libyan Chamber of Commerce Idriss Omran said there are ongoing feasibility studies and projects to promote investment on both sides. He called on Moroccan investors to […]
Crescent petroleum, a United Arab Emirates based company is eyeing investments into Libya’s oil and gas sector. The company has no investments of such in Libya but it is no stranger to the sector because it is already active in Iraq and Egypt. The chief executive of the company, Majid Jafar told reporters at the […]
The president of the Libyan National Conference, Dr. Muhammad Al-Muqairef, is at the head of a delegation in the Kingdom of Saudi Arabia to widen their global portfolios should consider carrying out projects in conjunction with the Libyan government. The country is on verge on rebuilding its economy and President Dr. Muhammad Al-Muqairef is trying […]
The US elections and the monotonous presidential debates bear little to no substance on North Africa. In the much-anticipated third debate on foreign policy, there was scant mention of the countries of the Maghreb and their important strategic worth in US global fight against terrorism. Except for Libya (mentioned 12 times) in the context of […]
The air forces of the five Maghreb countries (Algeria, Libya, Morocco, Mauritania &Tunisia) and their European partners France, Spain, Italy, Malta and Portugal have staged lately a joint aerial military drill destined to counter terror threats. The joint regional exercise, code-named “Circaete 2012”, seeks to enhance the combat capabilities of the air forces to prevent […]
The new Libyan leaders, who ousted Muammar Gaddafi, have granted over $ 20 million to the Syrian opposition and rebels fighting the tyrannical regime of Bachar Al Assad and his repressive forces. A financial statement released by the Syrian National Council (SNC) and posted in its Web site shows that the Libyan government, which itself […]