Archive | Investment

NOC to open US Office to support $20bn Spending Prog

By John Lee. National Oil Corporation (NOC) Chairman Mustafa Sanalla has announced the NOC will open an office in Houston, Texas, as it embarks on an ambitious $20 billion spending program to restore production capacity over the next three years. “The Houston office puts America’s world-class equipment manufacturers and oil field service providers at the […]

Ahmed Kashadah, MD of LAP, Passes Away

By John Lee. The Managing Director of the Libyan African Investment Portfolio (LAP/LAIP) has reportedly passed away in a hospital in Malta after a long struggle with illness. Ahmed Kashadah (pictured) became managing director of the foreign investment fund in September 2011. More on Ahmed Kashadah’s life and career here. (Source: Libya Herald)

SLEIDSE promotes Access to Finance for Libyan SMEs

The SLEIDSE programme — Support to Libya for Economic Integration Diversification and Sustainable Development — which is financed by the European Union and implemented by Expertise France, gathered public authorities, banks, businesses and international players in order to tackle access to finance issues with the presence of the Ambassador of the European Union, and present their […]

GNA-backed LIA Chairman meets Salamé

The GNA-appointed Chairman of the Libyan Investment Authority (LIA), Dr Ali Mahmoud Hassen Mohammed and his Board of Directors, have received support from key international actors in its bid to alleviate the constraints of the UN Security Council sanctions, allowing better management of Libya’s sole sovereign wealth fund. Continuing this effort, the Authority met last […]

GNA appoints New LIA Board of Trustees

The newly GNA-appointed Board of Trustees for the Libyan Investment Authority (LIA) has been officially announced following its first meeting that took place in Libya’s capital on Saturday. According to a statement issued on their behalf, the Board of Trustees “is the highest governing body of the LIA which is mandated to preserve and protect Libya’s sole Sovereign […]

Italian Firms gather for Italo-Libyan Economic Forum

By John Lee. Presidency Council deputy Ahmed Maiteeg [Maiteeq] and Italian foreign minister Angelino Alfano have headed up the first Italo-Libyan Economic Forum, held at the weekend in the Sicilian town of Agrigento. The Forum included discussion on the prospects the Libyan market can offer to Italian companies once security conditions are re-established, as well […]

LIA-Tripoli Chairman Hits Out at Steering Cmte

By John Lee. The Chairman of the Libyan Investment Authority (LIA) in Tripoli has said hit out at a recent press release from Ali Hassan Mahmoud, the purported Chairman of the Administrative Committee (Steering Committee) of the LIA, saying it “is full of inconsistencies and a major failure to adhere to best-practice reporting of financial […]