Russia Delivers Humanitarian Aid to Libya

The Russian emergencies ministry’s plane landed late on Wednesday in the Libyan capital Tripoli to deliver humanitarian aid, a ministry spokesman said. “At 23:10 Moscow time an Il-76 plane carrying 15 metric tons of humanitarian cargo landed in the Libyan capital Tripoli,” the source said. The cargo consists mainly of medical equipment and medicines. A […]

Malta wants Libya to sign refugee rights convention

Malta wants Libya to sign the Geneva Convention that protects the rights of refugees, according to Foreign Minister Tonio Borg. The statement is symptomatic of the island’s new relations with Libya after the Gaddafi regime was deposed in a bloody revolution last year. Libya’s absence from the convention was consistently criticised by human rights groups […]

Libya may reshuffle government in next few weeks-spokesman

Libya’s ruling National Transitional Council is reviewing the work of some of the government’s ministers and may choose to replace them, an NTC spokesman said on Tuesday. Mohammed al-Harizy declined to say which ministers were under review or whether the prime minister was among them, but said there could be a reshuffle in the next […]

Takaful premium rose 19 percent to $8.3bn led by GCC countries

The global Takaful contributions grew by 19 per cent to $8.3 billion in 2010 and of these, the Gulf Cooperation Council (GCC) contributed $5.68 billion and South East Asia contributions were $2 billion, according to the 5th edition of Ernst & Young’s World Takaful Report 2012 report. In 2010, growth in the GCC slowed to […]

Libyan premier in Doha talks

HE the Prime Minister and Foreign Minister Sheikh Hamad bin Jassim bin Jabor al-Thani yesterday held official talks with Abdel Rahim al-Kib, the premier of Libya’s transitional government. Discussions explored “ways of expanding co-operation in various sectors and focused on the latest developments in Libya as well as ways of realising the aspirations of the […]

Qatar buys into Libyan bank

Qatar’s top bank has purchased a major stake in one of Libya’s leading privately held financial institutions. The deal strengthens the commercial ties between two countries already bound together politically in the wake of the Arab Spring uprisings. Following months of negotiations, Qatar National Bank, the energy-rich Arabian Peninsula kingdom’s largest financial institution, paid an […]

Investment and maritime services top agenda in Libya visit

  On the margins of the business delegation to Libya, organised by Malta Enterprise with a specific focus on the maritime and port sectors, Finance Minister Tonio Fenech Minister and Minister for Fair Competition, Small Businesses and Consumers Jason Azzopardi yesterday met Yousef Al Wehishi, Minister of Communications and Transport, Rajab Khalil, the deputy Minister […]

Tatneft 2011 Net Profit Rises 31.7% to $2.06 Bln

Tatneft, Russia’s sixth largest crude oil producer, saw 2011 net profit jump 31.7 percent year-on-year to 61.428 billion rubles ($2.06 billion) to US GAAP, the company said in a statement on Monday. Revenue rose 31.6 percent in 2011 to 615.867 billion rubles, while pre-tax profit grew 33 percent to 85.909 billion rubles. The company’s short-term […]