Archive | Investment

Libya “needs $60bn” to overhaul Energy Infrastructure

By John Lee. Libya needs up to $60 billion in investment to revive its energy industry, according to a report from The National. It quotes National Oil Corporation (NOC) chairman Mustafa Sanalla as saying that $40 billion is required to raise refining capacity to a million barrels per day, with another $20 billion needed over […]

NOC discusses Cooperation and Investment with UAE

National Oil Corporation (NOC) chairman Mustafa Sanalla met with His Excellency Eng. Suhail Mohamed Faraj Al Mazrouei, United Arab Emirates Minister of Energy & Industry; and separately with His Excellency Dr Khaldoon Khalifa Al Mubarak, managing director and group chief executive officer of Mubadala Investment Company (MIC), the strategic investment arm of the UAE government, […]

Libyan British Business Council mission to Tunis

LBBC Mission to Tunis, 22-24 October 2018 The Libyan British Business Council members’ mission to Tunis later this month offers an opportunity to generate increased Trade and Investment between our two countries. Deputy Prime Minister Ahmed Maiteeg will speak to the opening session of the 23 October Conference, addressing LBBC member companies and our Libyan […]

LIA Leadership Battle “appears sub judice” in Libya – UN

By Padraig O’Hannelly. Those following the continuing battle for control of Libya’s sovereign wealth fund, the Libyan Investment Authority (LIA), may be interested to read the summary compiled by the UN’s Panel of Experts on Libya. In its final report, the Panel finds that the matter of legality of the formation and functioning of the […]

LIA asks English Court to Discharge Receiverships

 Libyan Investment Authority: Statement regarding Commercial Court application to discharge English Receiverships The Libyan Investment Authority (LIA) has applied to the English Commercial Court to discharge three receiverships in England by formally recognising the LIA’s Board of Directors, chaired by Dr Ali Mahmoud Hassan Mohamed, as appointed by the LIA’s Board of Trustees, which was […]

Elham Education wins Seedstars Tripoli

On August 6th, during Seedstars Tripoli, Elham Inspire won the Libya round of Seedstars World and will represent the country at the Seedstars Summit in Switzerland to compete for up to USD 1 million in equity investment and other prizes. Seedstars World, the largest seed-stage startup competition for emerging markets and fast-growing startup scenes, brought […]

Addressing Property Ownership Grievances in Libya

State representatives and experts discuss best remedies to address grievances resulting from past property ownership laws and practices in Libya A thematic meeting on real estate, land and property rights in Libya was organized in Tunis by UNSMIL and UNDP on 9-10 July as part of the project “Towards National Reconciliation in Libya”. The meeting […]

CMS case against LAIP ends in Court

Strike out of CMS case against LAIP confirmed by Court of Appeal in London The English Court of Appeal has reportedly confirmed the striking out of a claim by Catalyst Managerial Services (CMS) against Libya Africa Investment Portfolio (LAIP). The case had originally been struck out by the English High Court in 2017. According to […]