Archive | Industry & Trade

Experts eye impact of Sharia law on Maltese business with Libya

It is too early to determine the implications of Libya’s plans for an Islamic banking structure for Maltese firms operating there, but they will certainly have to heighten their cultural awareness, Islamic finance expert Reuben Buttigieg told The Times Business. Declaring Libya liberated on Sunday, three days after the death of Colonel Muammar Gaddafi, transitional […]

Pragmatic China goes to work in new Libya

China faces mounting challenges in its struggle to build favour and protect its business interests and infrastructure projects in Libya after being seen to be slow-moving in its support for the African oil-producing country’s transitional government. Analysts say Beijing has been subtly changing its tone and tactics since the death of Colonel Muammar Gaddafi last […]

Switzerland eases sanctions on Libya

Switzerland will on Thursday unblock some frozen Libyan assets and allow the transfer of money to some state institutions, the Swiss government said on Wednesday. The move will allow the transfer of money and other assets to the Central Bank of Libya, the Libyan Investment Authority, the Libyan Foreign Bank and the Libyan Africa Investment […]

French business sees $200 billion Libyan opportunity

Rebuilding Libya could be worth at least $200 billion (125 billion pounds) over 10 years, but France’s role in ousting Muammar Gaddafi will not be enough to seal deals, the chief of France’s overseas business federation said on Wednesday. French President Nicolas Sarkozy has spearheaded military intervention in the OPEC producer and France’s top firms […]