Tag Archives | HSBC

HSBC Pulls Out of Libya

The Telegraph reports that HSBC is cutting its ties with Libya with the closure of its representative office in Tripoli, ending a presence in the country that dates back more than 50 years. The office, which manages investments in the North African state, opened in 2006 as part of an expansion in the Middle East […]

Libya tries to calm wary investors over review

Libya is seeking to reassure investors concerned about a major review of nearly 10,000 business contracts that were signed by the government of the late Muammar Qaddafi.   A group of 20 people appointed by the National Transitional Council (NTC), the temporary government, is scrutinising the contracts to ensure fairness and hunt for evidence of […]

HSBC re-opens in Libya

 HSBC closed its Tripoli office in February. With the end of hostilities and the rapidly normalising situation on the ground, the bank said it is able to re-open for business. HSBC’s representative office was first established in 2006, although the bank’s presence in Libya goes back almost 60 years, having opened its first branch in […]

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