Tripoli links with US-Arab Chamber

In a ceremony in Washington, the Tripoli Chamber of Commerce has linked with the National US-Arab Chamber of Commerce (NUSACC) to create a new body to boost trade between the two countries. The new Libya-US Joint Business Council is, says the NUSACC, designed “to build capacity, promote entrepreneurship and encourage best practice”. It hailed the […]

Libya, Syria turmoil posing problems for economy, Pranab Mukherjee says

India is concerned about the political turmoil in Libya and Syria as unstable situations in there are posing serious problems for the Indian economy, Union finance minister Pranab Mukherjee said on Sunday. “We are concerned about what is happening in Libya and Syria,” Mukherjee said at a programme organised by industry body Assocham. He said […]

8,000 Libyans enlist to protect borders, oil

The Libyan ministry of defence on Saturday enlisted more than 8,000 former rebels who will be trained in the protection of borders and strategic sites including the nation’s vital oil installations. “The 8,000 who joined are from all over Libya,” said the deputy defence minister, Sadiq al-Obeidi, at the signing of an agreement to bring […]

Malta Enterprise to lead first business delegation to new Libya

Malta Enterprise is organising a business delegation to Libya with a specific focus on the ports and maritime services, thus providing companies operating in this sector the opportunity to explore the business and investment opportunities that post-revolution Libya is offering. Led by Ministers Tonio Fenech and Jason Azzopardi, the visit will take place between 16 […]

Turkey to cut purchases of Iran oil by 10 percent: energy minister

Turkey will reduce the amount of oil it buys from Iran by around 10 percent, Energy Minister Taner Yildiz said Friday, a week after Washington warned Iran’s customers they could be subject to U.S. sanctions unless they significantly cut purchases. Turkey will partly replace the oil with 1 million tons it expects to buy from […]

Libya spurs Opec crude production

Opec oil output has risen in March to its highest since October 2008 as higher supply from Iraq and further recovery in Libya’s production offset a drop in shipments from Iran, a survey found yesterday. Supply from the 12 Opec members has averaged 31.26 million barrels per day, up from 31.16m bpd in February, the […]

Pure Technologies to resume Libya project, shares rise

Canada’s Pure Technologies Ltd said it will resume normal activities in Libya following receipt of a C$16 million payment from Man-Made River Authority, sending the infrastructure inspection company’s shares up 11 percent. Pure has an inspection and monitoring contract with the Man-Made River Authority, which supplies most of Libya’s drinking water. The payment constitutes 70 […]

Medical company strengthens its Libyan links with second contract

A NORTHERN Ireland medical supplies firm which has kept loyal ties to business contacts in Libya, despite ongoing conflict, has announced a second contract in the troubled country.CIGA Healthcare employs 15 people, making self-diagnostic kits, in Ballymena and gained its first contract in Libya in 2011 for its SureSign range, on sale in more than […]