Author Archive | editor2

EFG Hermes Eyes Expansion into Libya

Egyptian investment bank EFG Hermes is planning to expand into Turkey, Iraq and Libya, according to a report from Reuters. The company also plans to grow its asset management arm by 50 percent after the completion of its joint venture with Qatar's QInvest. QInvest will hold 60 per cent and EFG's holding company will own […]

Govt Must Steer a Careful Path

As Americans go to the polls to elect a new President, few would have guessed that the tragic events of two months ago in Benghazi might be the deciding factor in determining who will win. But whatever the truth about these events, it's clear that security will be the biggest challenge for the incoming administration. […]

Tags:

Libyan Fund to Buy French Refinery?

Libya's sovereign wealth fund, the Libyan Investment Authority (LIA), is reported to be interested in taking over the Petroplus oil refinery in northwestern France, which is currently in bankruptcy proceedings. France's Industry Minister Arnaud Montebourg told RTL Radio that he had received a letter from the fund saying they would like to examine the possibility […]

Profile of Libya's New Oil & Gas Minister

By Ibrahim El Mayet, of ie. consultancy. Profile of Libya's New Oil & Gas Minister, Dr. Abdulbari Ali Elhadi Alarusi. Dr. Alarusi [Al Arusi] (51), from Zawia in Western Libya, studied Engineering, earning a Bachelor's degrree in Chemical Engineering before embarking on a career in the oil industry. He later earned a Master’s degree (1987 […]

Minister Resigns Before Taking Up His Post

Libya's Minister of Martyrs and Missing, Sami Mustafa Al-Saadi, has announced his resignation on television before even taking up his post, accusing the new government of including members of the old regime. When asked why he did not simply refer the issue to the National Integrity Commission, he implied that there were double standards in […]

Tags:

Applications for Chevening Scholarships Open

The British Embassy in Libya has announce that applications for Chevening Scholarships are now open and will remain so until 2 January 2013. Chevening Scholarships are the UK Government’s global scholarship programme, funded by the Foreign and Commonwealth Office. They are awarded to outstanding scholars with leadership potential and are usually for a one-year Master’s […]

BP Plans 17 New Libyan Wells

BP has confirmed that it will drill 17 new wells as part of its exploration program in Libya. “We have lifted force majeure and started the programme ” Jasper Peijs, BP’s exploration manager-eastern hemisphere told a African oil conference in Cape Town. BP announced in May that it was resuming operations in Libya, and in […]

Libya Plans Forestation Project

Libya's Ministry of Agriculture is planning a national forestation campaign, to be carried out over the next 12 months. The scheme will include the planting of 5 million seedlings provided by the Tunisian Ministry of Agriculture. According to Libya Herald, during the Qaddafi era there was considerable loss of tree cover due to a general […]