Libya seeks UK firms to develop oil sector and construction industry

Libya began touting itself as the next Dubai to UK investors, as the country’s government said it would reward its “friends” when it begins selling off lucrative oil contracts. Representatives of the country’s National Transitional Council called City executives to a central London hotel to drum up British interest in the “massive opportunities” on offer […]

The EU opens a new delegation in Libya

The EU High Representative Catherine Ashton officially inaugurate the new Delegation of the European Union in Libya. At the inauguration she underlined that the Delegation is much more than a building, it is a symbol of EU determination to stand with the people of Libya into the future. Catherine Ashton, EU High Representative for Foreign […]

Libya’s Waha Oil strike over as new chairman named

A strike at Libya oil producer Waha Oil, which pumped around around a quarter of pre-war output, has ended after workers’ demands for a new chairman were met, a workforce representative said on Monday. The oil and finance ministry had overturned an initial agreement to remove chairman Bashir Alashab, who workers accused of cooperating with […]

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 […]

Libyan Oil Output to Reach Pre-War Levels By End of Next Year

Libya’s oil production will not return to pre-civil war levels until the end of next year, while 10 percent of the nation’s energy infrastructure remains badly damaged. Speaking at an economic forum in Doha, Qatar, Nuri Berouin, the chief of Libya’s National Oil Corp. said crude oil output should reach pre-war levels of 1.7 million […]

Tunisians, Turks Can Enter Libya Without Visa

The head of the Libyan National Transitional Council, Mostafa Abdul Jalil has recently announced that  Tunisian and Turkish passport holders will be allowed to enter Libya without applying for a visa. However, other nationalities such as Algerians, Moroccans, Syrians, and many other African Nationalities; are not allowed to enter the country without a visa. Mr. […]

AKE Lowers Libya Risk Rating

AKE has lowered the security risk rating for Libya following an improvement in conditions in recently liberated parts of the country. It is now rated at 35 on AKE’s 1-100 scale which is a notable improvement from the ratings of 63 and 64 which the country was assigned between March and October.   However, the rating denotes […]

Foreign Firms Warned in North Africa

Terrorists in North Africa may be preparing for renewed attacks against foreign interests. US officials received intelligence last week suggesting forthcoming attacks in Algeria, while terrorists may have acquired new weaponry during the chaos of the Libyan conflict.   Local sources claim that potential targets include foreign oil firms operating in North Africa and the […]