Author Archive | editor2

Congress Elects Ali Zeidan as New PM

Libya’s General National Congress (GNC) has elected Ali Zeidan [Zidan] as new Prime Minister-elect. The independent MP, regarded as a liberal, won 93 votes, beating the 85 votes received by his opponent Mohammed al-Harari. Zeidan replaces Mustafa Abushagur [Abu Shagur] who was dismissed last week after losing a no confidence vote following the rejection of […]

Libya Could Benefit from Aid to Arab Spring States

Libya is one of the countries that could benefit financially from a World Bank fund intended to help the nations involved in the Arab Spring uprisings. Tripoli Post reports that $165 million has been pledged to the fund by industrialised and oil-producing countries, on the initiative of the “Deauville Partnership.” The organisation was formed after […]

Arab Contractors “to Restart Ghadames Road Project”

Libya Herald expects Cairo-based Arab Contractors Company, one of Egypt’s biggest corporations, to sign a new contract this week to restart work on a road project in Ghadames. According to a company official in Tripoli, the project had originally been awarded and work started before the revolution, but was then put on hold. Work on […]

Tobruk Airport Moves Towards International Status

A committee from the Libyan Civil Aviation Authority has visited Tobruk airport to assess equipment and systems before it can be licensed as an international airport. The committee checked the facilities and reviewed safety equipment and procedures. Airport director Mohamed Manfour said that the airport’s facilities and capabilities were in no way inferior to those […]

Libyan Students Occupy Embassy in Malaysia

Angry students have occupied the Libyan embassy in the Malaysian capital Kuala Lumpur, to protest at government cuts to their scholarship funding. It is reported that some of the students, whose qualifications and future careers are threatened by the cuts, have also begun a hunger strike. The students told Libya Herald their scholarships have been […]

LIA Claws Back Sovereign Assets

Libya Herald reports that, almost one year after the fall of Tripoli, the Libyan Investment Authority (LIA), Libya’s sovereign-wealth fund, is still working to recover assets frozen during the revolution. The LIA is now also said to be investigating losses that have come to light, including $1.95bn related to investments made with Goldman Sachs and […]

Opportunity to Develop 2 Tourist Hotels in Libya

The Social Security for Funds Investment Company has announced the release of Public tenders for the following: Refurbishment and development of the Ouzu tourist hotel in Benghazi; and, Refurbishment and development of the Ghoze El Teik tourist Hotel in Misurata. SSFI invites all qualified and specialized bidders to participate in the tender process. Please click […]

Total E&P Tender for Seismic Data Processing

Total E&P Libye is planning to perform a seismic data processing and reprocessing project, over part of Area 70/1 and 87/3 onshore Libya in the Sirte basin. The requested service is for a Pre Stack Time Migration of around 1200 sq Km of 3D comprising 700 sq Km of new data (to be acquired Q2/Q3 […]