Archive | Investment

Arab Spring’s business mode

Regime change in Tunisia, Egypt and Libya is already celebrated in the West as a crucial step towards political freedom. Elections aim to lay the foundation for the democratisation of the region. The logical assumption is that the ongoing political reform process will fundamentally change the face of the Arab World. These developments, however, are […]

Ambassador to Libya stresses ‘long-term plan’

South Korea needs a long-term, diversified plan to set up new diplomatic ties with Libya as it transitions from Moammar Gadhafi’s decades-long rule, Seoul’s top diplomat to the North African state said Friday. “Economy should not be the only focus,” Cho Dae-sik, the South Korean ambassador to Libya, told reporters in Seoul. “We need a […]

Libya Open for Business

Libya has declared itself open for business. A conference in London next week will promote Libya as an investment opportunity for British business. Billed as a sequel to a similar initiative in September, the conference aims to capitalize on the expectation that the new government of Prime Minister Abdel Rahim El-Keib will be favourably disposed […]

Turks, Europeans Lead Charge On Libyan Investment

Libya may be months from a new government, but the still-infrequent international flights to Tripoli are packed with businesspeople looking to land contracts with this oil-rich North African state. The Turks and Europeans appear to be moving quickly, while the Americans seem to be several steps behind. On one recent afternoon, the plush Rixos hotel […]

Libya Explores Fund to Channel Investment Tied to Security Deals

Libya is considering the creation of funds to manage investment in infrastructure pledged by defense and security companies to win government contracts, according to consultancy Blenheim Capital Services Ltd. Blenheim has held initial talks with Libya’s interim National Transitional Council with a view to being taken on as an adviser to help set up the […]

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West sees business opportunities in Libya

The guns in Libya have barely quieted, and NATO’s military assistance to the rebellion that toppled Moammar Gadhafi will not end officially until Monday. But a new invasion force is already plotting its own landing on the shores of Tripoli. Western security, construction and infrastructure companies that see profit-making opportunities receding in Iraq and Afghanistan […]