Archive | Industry & Trade

Libya Receives Funds, Assets Unfrozen by EU

One week after the European Union’s decision to unfreeze funds and assets belonging to the Central Bank of Libya and the Libyan Arab Foreign Bank, Libya has received 97 billion dollars. Confirmation that the money is now in the Libyan government’s hands was given by the Libyan Central Bank’s deputy governor at a press conference […]

Libya to maintain Ugandan investments

Libya has invested at least $375 million (about Shs 900billion) in Uganda through its multi-billion dollar investment arm—the Libyan Africa Investment Portfolio. In Africa, Uganda is considered a hub of Libya’s foreign investment.Under the regime of the Late Col Muammar Gaddafi—Libya invested heavily in sectors such as agriculture, telecommunication, hotels, health, construction, and finance.The range […]

Lord Green: British business needs to be active and persistent in Libya

Minister for Trade and Investment Lord Green has advised UK firms to take a considered, strategic and active approach when it comes to doing business in Libya. He was speaking in London on Wednesday to over 500 businesses, largely small and medium-sized, at a conference on Rebuilding Libya. It was the third conference involving UK […]

Opportunity: Libya

Following the ousting of Colonel Muammar Gaddafi, oil production has resumed – and rapidly. Libya’s re-entry into the world oil market has recommenced in an astonishing way, exceeding expectation, and causing experts to re-assess Libya’s capabilities. Opinions vary on the final trajectory, but the pace at which Libya is getting back on track is indisputable. […]

Lord Green Speech – Rebuilding Libya: Opportunities for British Business

This page contains the text of a speech given by Stephen Green at the Rebuilding Libya: Opportunities for British Business event on 14 December 2011, organised by UK Trade & Investment, in conjunction with Libyan-British Business Council, British Expertise and the Middle East Association. Rebuilding Libya The UK is committed to helping the Transitional Government, and any […]

Libyan Tycoon Husni Bey Tells All

The chairman of HB Group certainly has a role in Libya’s future, but he has to answer questions about his past “They all want to be like Husni Bey, yes. For many kids, for many youth, for many grown-ups, I’m the role model for them,” says Husni Bey Husni, on an early November visit to […]