Archive | Investment

Libya Targets Foreign Investors in “Vast” Reconstruction Drive

By John Lee. Libya is reportedly preparing to launch a comprehensive reconstruction program with the support of international organizations including the World Bank. Xinhua quotes Libyan Minister of Planning Taher Al-Juhaimi as saying that the Libyan government is reviewing its five-year development plan by redefining the priorities of some 4,000 projects worth around $100 billion. […]

LBBC to hold Conference in Tunis in November

The Libyan British Business Council (LBBC) has announced that it will be taking a business delegation to Tunis again this year – from Monday 18 to Thursday 21 November, 2019. This follows on from last year’s very successful trade and investment mission, when it took over 60 representatives from 36 member companies to Tunis to […]

Outsiders’ Battle to Rebuild Libya is “Fueling Civil War”

By Samuel Ramani, for Foreign Policy. Any opinions expressed here are those of the author and do not necessarily reflect the views of Libya Business News. Outsiders’ Battle to Rebuild Libya Is Fueling the Civil War There In competing for lucrative reconstruction contracts, China, Italy, France, Russia, and others are preventing the conflict from ending. […]

New York Lobbyists to represent LIA

GerstmanSchwartz, LLP, a New York-based law practice, has announced that it will act on behalf of the Tripoli-based Libyan Investment Authority (LIA). In recently-filed Foreign Agents Registration Act (FARA) documents, the firm says that Stephen (Shai) Franklin will provide consultancy services to the LIA on its behalf. The firm is 50-percent owned by Bradley Gerstman […]

Libya joins European Bank for Reconstruction and Development (EBRD)

Libya has joined the European Bank for Reconstruction and Development (EBRD) as its latest shareholder with a view to becoming a country where the Bank engages with investments and support for policy reforms. The North African country became a shareholder in the EBRD today when membership formalities were successfully concluded. This follows the Bank’s Board […]

Chinese Firms explore Opportunities in Libyan Oil

A senior delegation from the National Oil Corporation (NOC) has visited China at the invitation of the China National Petroleum Corporation (CNPC) to discuss investment and enhanced cooperation opportunities in the Libyan oil and gas sector. The NOC delegation, headed by chairman Eng. Mustafa Sanalla, was welcomed by CNPC’s vice president and president of PetroChina, […]

Investment Resumes in Libya

As central Tripoli comes under greater threat of devastation, other parts of the country appear to be attracting investment. Misrata, once known internationally for suffering a protracted siege in 2011 by Colonel Mu’ammar Qadhafi’s regime, is once again a bustling commercial centre. While Benghazi which, in the eyes of the US since 2012 has become […]