Libyan Government Ready to Make Progress in Payments to Turkish Firms

The head of Libya’s National Transitional Council said on Sunday that the government was ready to make progress in payments to Turkish construction companies. Mustafa Abd-al Jalil said that Libyan government was ready to make some progress in payments to Turkish construction companies that had undertaken several projects in the country some time ago. “Libyan […]

Arabtec targets construction contracts in Libya and Qatar

Dubai-based developer Arabtec Holding is targeting oil and gas projects in Libya and is seeking to grab contracts in Qatar, which is preparing to host the World Cup in 2020, Reuters reported. CFO Ziad Makhzoumi said that the developer’s engineering unit Target Engineering is looking into some projects in Libya’s energy sector. Makhzoumi also said […]

International conference for SMEs’ business opportunities in North African region

A high profile panel debate including investment experts from Libya, Tunisia and Egypt will provide participants with an insight on economic trends as a result of the ongoing political change in these countries, and the business opportunities that may stem from these developments. In light of the recent upheavals that have characterized the political landscape […]

Cemena unveils expansion plans to shareholders

Cemena Holding Company, a Bahrain-based building material company which was set up in 2008 by Gulf Finance House,  outlined plans to expand its business to the region during its annual general meeting. The meeting focused on Cemena’s profitability, returns and plans to diversify its business to become one of the leading building materials companies in the […]

Libya puts back election date by 18 days

Libya’s first election in more than half a century will take place 18 days later than planned because of logistical challenges, the electoral commission has said . The election will now take place on 7 July. Nuri al-Abbar, head of the electoral commission, said crucial preparations for the election – including voter registration and vetting […]

An inevitable delay to Libya’s elections that will solve little

Libya’s first elections since 1964 are scheduled for June 19. However, it is highly likely that the first elections since the fall of Muammar Qaddafi’s regime will be delayed by a few weeks at least. Leaks from within the government in Libya suggest that a delay will be announced due to technical complexities. For instance, […]

Gazprom Neft Says It is Still Interested in Libya’s Elephant Oil Project

Gazprom Neft, the oil arm of Russia’s top gas producer Gazprom, will decide by the year-end whether to proceed with the Elephant [El Fil, El Feel] oil project in Libya, Gazprom Neft’s head said on Friday, Reuters reported. “As far as Libya and the Elephant project are concerned, it is still of interest… A decision […]