Tag Archives | United Kingdom

Video: Libya, UK ‘work closely’ to investigate Manchester Bombing

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Libya Business News. Libya’s UN-backed government says it is working with British authorities to identify what it describes as terrorist networks behind a bombing in the English city of Manchester. UK officials say the attack was carried […]

UK Investigator Seeks Libya Files From SocGen

By John Lee. The UK’s Serious Fraud Office (SFO) has reportedly sought documents from Societe Generale (SocGen) regarding its relationship with the Libyan Investment Authority (LIA). Last week, the French banking giant agreed to pay 963 million euros ($1.1 billion) as part of the agreement between the two companies to resolve all matters between them concerning […]

New App for People with Disabilities in Libya

By John Lee. Wosoul, a Libyan-based NGO that advocates for more rights for people with disabilities, has announced a new website and phone app developed to help those who are disabled. The organisation aims to build an interactive map where people with disabilities can easily find accessible places around them and rate these places. The […]

LIA CEO targets Unity, Inward Investment, London Office

By John Lee. The chief executive of the Tobruk-based Libyan Investment Authority (LIA) has told Reuters that he is working to unify the organisation. Ali Shamekh was appointed CEO by the board of directors of the Tobruk-based LIA in August, while the United Nations-backed Government of National Accord (GNA) also named a Steering Committee headed by […]

LAIP wins Court Appeal against CMS

By John Lee. The Libya Africa Investment Portfolio (LAP/LAIP) hs announced that it had won its legal battle against Dubai-based Catalyst Managerial Services (CMS). A London court had previously awarded $15.4 million in damages to CMS for alleged unpaid invoices and wrongful termination of its contract with LAIP prior to the revolution. But following an appeal […]

UK Lawmakers push for Urgent Engagement with Haftar

A report by the Conservative Middle East Council (CMEC) — an influential body set up to ensure that British Conservative parliamentarians understand the Middle East — has urged the UK to engage with Khalifa Haftar, the Libyan National Army (LNA), and the Tobruk-based House of Representatives (HoR). It also says the UK should reconsider its relationship […]

New Banknotes delivered to Central Bank in Tripoli

The Central Bank of Libya (CBL) received on Wednesday 22nd of February a new shipment of Libyan currency estimated to be 250 Million Dinars. This shipment that arrived from Britain at Mitiga Airport is considered the fourth that the Central Bank receives this month. As usual this shipment will be distributed around various commercial banks […]

Int’l Community ready to Support Libya

Joint Statement by the Ambassadors of France, Germany, Italy, Spain, the United Kingdom, and the United States to Libya (25.02.17): The Ambassadors of France, Germany, Italy, Spain, the United Kingdom, and the United States reiterate our commitment to preserving the sovereignty, territorial integrity, unity, and national cohesion of Libya and our support for the Libyan […]