Archive | Investment

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 […]

Russian Presence in Libya a New Challenge for the West

By John Lee. A new article published by the London-based policy institute Chatham House (the Royal Institute of International Affairs) suggests that the real driving forces behind Russian involvement in Libya are a mixture of ambition, opportunism and anti-Western sentiment. Commercially, while the overall scale of Russia’s losses in Libya is unknown, author Nikolay Kozhanov describes them […]

UK Investigator Seeks Libya Files From SocGen

By John Lee. The UK’s Serious Fraud Office (SFO) has reportedly sought documents from Societe Generale (SocGen) regarding its relationship with the Libyan Investment Authority (LIA). Last week, the French banking giant agreed to pay 963 million euros ($1.1 billion) as part of the agreement between the two companies to resolve all matters between them concerning […]