Tag Archives | Husni Bey

Looking for Cheap Stocks? Try Libya

According to a report from Reuters, investing in Libyan stocks may sound like an absurd idea, but despite the turmoil, Libya’s stock market is getting ready for the first launch of Islamic investment funds, the most prominent bourse debut since the uprising. A recent sell-off has made Libyan stocks cheaper than other regional bourses, with […]

British Department Store Opens in Tripoli

British department store Debenhams has officially opened its first branch in Tripoli on Tuesday. The store in the Siyahiya end of Gergarish had had its “soft opening” two weeks ago and was reported to be already doing good business. It is owned and operated by the United Fashion Group, part of the Husny Bey [Husni Bey] […]

Husny Bey Courts Italian Distributor

Libyan entrepreneur Husni Bey has told ANSAmed that his HB Group “would be interested in bringing an Italian large-scale distribution company to the Libyan market.” He has already brought French retailer Monoprix to the country through a franchise with the Tunisian Société Nouvelle Maison de la Ville de Tunis (SNMVT), which uses the Monoprix name. […]

Monoprix Opens Store in Tripoli

The first Monoprix store in Libya opened in Tripoli’s Sabaa district on Thursday, reports Libya Herald. The Tunis-based chain, which is separate from but linked to the French company of the same name, has been brought to Libya in a joint venture with Libyan businessman Husni Bey. The new food and consumer goods store, employing […]

What Prospects for Libya’s Private Sector?

By Padraig O’Hannelly. Husni Bey, the chairman of HB Group — according to some, Libya’s richest man — is not happy with Libya’s lack of progress towards a free market economy. In an interview with Voice of America, he criticised what he sees as a national mentality that wants everything from the government, and said […]

Husni Bey to bring Monoprix to Libya

The Tunisian company Société Nouvelle Maison de la Ville de Tunis (SNMVT Monoprix), has reportedly signed a partnership agreement with Libya’s HB Group to open 30 Monoprix stores in Libya. HB Group, which is said to be the largest private holding company and largest private employer in Libya, is headed by well-known Libyan businessman Husni […]

Libyan Tycoon Husni Bey Tells All

The chairman of HB Group certainly has a role in Libya’s future, but he has to answer questions about his past “They all want to be like Husni Bey, yes. For many kids, for many youth, for many grown-ups, I’m the role model for them,” says Husni Bey Husni, on an early November visit to […]