Archive | Industry & Trade

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 […]

A new partnership between the UK and Libya

The Minister for the Middle East and North Africa Alistair Burt completed a three day visit to Libya on 8 December. This is the first visit by a UK Minister since the formation of the new Libyan Government.   During his visit he met the Libyan Foreign and Interior Ministers and discussed with them a […]

Turkish Oil Company Eager to Resume Work in Libya

The head of the Turkish Petroleum Corporation, TPAO, office in Libya, Ahmet Tandircioglu has been reported saying that his company was eager to resume its oil exploration and other projects in the new Libya.  The TPAO executive said that the companies that served TPAO suffered losses and damages during the eight-month long armed conflict that […]

Qatari Investments in Libya accounting for around USD 10 billion

Before the collapse of the Libyan regime led by Gaddafi, several Libyan-Qatari agreements were concluded covering common investments that exceed USD 10 billion. After the National Transitional Council (NTC) took power in Libya, the Qatari Government started to observe cautiously, like all the other countries that supported the NTC, the size of its projects and […]

Libya's NTC sets up committee to probe oil graft

Libya's National Transitional Council has set up a committee to investigate corruption in the oil sector during the rule of Muammar Gaddafi, a member of the committee told Reuters on Sunday. A wide-reaching probe of oil deals could lead to a re-allocation of lucrative contracts awarded to foreign oil majors under Gaddafi, disrupting the companies' […]

UAE embassy in Tripoli re-opened

TRIPOLI - UAE Ambassador to Libya Sultan Rashid Al Kaytoub today opened the UAE embassy in Tripoli, in presence of Abdul Karim Bazma, Secretary of the Libyan National Transitional Council & National Security Advisor. Also presents were the heads of diplomatic missions accredited by Tripoli and Salem Ibrahim Al Naqbi, 1st Secretary at the UAE […]