Libyan PM seeks Exxon Mobil, Microsoft investment

Libyan Prime Minister Abdurrahim al-Keib appealed to U.S. companies, such as Exxon Mobil Corp. and Microsoft Corp., to invest in his oil-rich country, saying Italian and French companies are already moving quickly to take advantage of opportunities in energy and infrastructure. “The new Libya is open for business,” he said Friday in an interview during […]

Thousands rally in Libya against autonomy for east

Thousands of people protested in Libya’s two biggest cities on Friday in a show of opposition to moves from some in the oil-producing east to declare autonomy from central rule. A group of civic leaders in the eastern city of Benghazi this week said they would run their own affairs, defying the government in Tripoli […]

Travel groups pour into open-for-business Africa

The world’s big hotel chains and airlines are rushing to serve new corporate customers in Africa, as Chinese and Middle East investment boosts business interest in the resource-rich region. “Africa is becoming the next frontier, perhaps the last frontier,” Ethiopian Airlines Chief Executive Tewolde Gebremariam told Reuters at the ITB travel fair in Berlin, saying […]

Libyan Government Buys LAAHC

Libya’s ministry of finance, has been authorised to buy the shares of the four companies that currently own the Libyan Afriqiyah Aviation Holding Company, LAAHC, that was set up in 2007 and incorporates the Libyan National Social Fund, the Libyan National Investment Company, the Libya-Africa Investment Fund and the Libyan Foreign Investment Company. LAAHC has […]

Sudan, Chad and Libya establish joint patrols to control common border

Sudan’s Defense minister, Abdel Rahim Hussein said Wednesday that a tripartite force composed of Chad, Libya and Sudan will be formed soon to monitor their common borders. Sudan and Chad established a joint force in January 2010 to monitor their borders within the framework of a normalisation process after long years of proxy war in Darfur and […]

Libya up to 4th in Germany’s Jan oil imports

A recovering Libyan oil sector sent 595,000 tonnes of crude to Germany in January, up from 388,000 tonnes in December and fourth highest in Germany’s oil imports, economic and foreign trade statistics office BAFA data showed on Wednesday. The figure was down from 748,000 tonnes in January 2011. Fighting broke out in Libya in February […]

China asks Libya to compensate for companies’ losses

Minister of Commerce Chen Deming said Wednesday China has requested Libya to compensate Chinese firms that suffered losses during the country’s civil war. Speaking at a press conference on the sidelines of the annual parliamentary session, Chen said that according to international law and practise, China requires the Libyan authorities to properly handle the issue […]

Libya: Conference on rebuilding Libya infrastructure

A conference on the rebuilding of Libya’s infrastructure will be held on 27-28 June in Dubai, United Arab Emirates (UAE), with the support and endorsement of Dubai Chamber of Commerce & Industry, according to a statement sent to PANA by the Chamber. The conference will bring together production, service and supply companies from the world’s […]