Archive | Investment

Order from Chaos: Stabilising Libya the Local Way

By Tarek Megerisi, European Council on Foreign Relations (ECFR): Instability resulting from Libya’s revolution and civil war has never fully come under control. It has worsened with political infighting, the failures of the GNA, and the emergence of a rival government in the east of the country. The inadequacy of the international community’s early “light […]

Libya, Turkey Review Cooperation

By John Lee. Mohamed Amari, a member of the Libyan Presidential Council, reportedly met with Turkish ambassador Ahmet Dogan to discuss political, economic and security matters. Among the issued discussed was the possible resumption of operations by Turkish Airlines and other Turkish companies in Libya. Amari also thanked Turkey for its support in the search […]

EU’s External Investment Plan: First Projects in Africa

As part of its External Investment Plan, the EU gave its green light to a package of financial guarantee programmes worth around €800 million on 10 July. This will help leverage an estimated €8-9 billion in public and private investment in Africa and the Neighbourhood. Yesterday’s decision is a major milestone towards delivering investments in […]

Seedstars Tripoli: Finding the Best Start-Up in Libya

On August  6th, 10 of Libya’s best seed-stage startups will compete to represent the country at the Seedstars Summit in Switzerland and win up to USD 1 million in equity investments and other prizes. The first Seedstars competition in Tripoli is marked by the excitement and commitment of Seedstars and its partners in investing in […]

Libya to join China’s Belt and Road Initiative

By John Lee. The Chinese Foreign Ministry has announced that Libya is to join China’s Belt and Road Initiative (BRI). Foreign Minister Wang Yi held talks in Beijing with Foreign Minister of the Government of National Accord (GNA), Mohamed Taha Siala (Sayala), who was in China for the 8th Ministerial Meeting of the China-Arab States […]

FMCP wins Libyan Fraud Case

By John Lee. London-based asset manager FM Capital Partners (FMCP), has reportedly won a court case against its former CEO over allegations of fraud and corruption relating to a Libyan sovereign wealth fund. Earlier this year, London’s Commercial Court heard evidence alleging that Frederic Marino and former Julius Baer banker Yoshiki Ohmura conspired to improperly […]

Libya and Oil: Common Sense Prevails

By Sir Vincent Fean, The Ambassador Partnership LLP. Any opinions expressed are those of the author, and do not necessarily reflect the views of Libya Business News. Sir Vincent Fean’s 39 years of diplomatic experience include serving as Consul-General in Jerusalem, Ambassador to Libya (2006-10), and High Commissioner to Malta.  An Arabist, he has engaged […]

Meeting addresses Property Disputes in Libya

The United Nations Support Mission in Libya (UNSMIL) and the Libyan branch of the United Nations Development Programme (UNDP) are currently hosting a meeting in Tunis to address the legacy of land and property violations in Libya from Ottoman times to the post-revolutionary period. The two-day meeting will involve experts, activists, and officials to identify […]