Archive | Investment

Advancing Libyan/British Business

“The biggest and best Libyan-British trade/investment gathering in 10 years.” – Sir Vincent Fean, Chairman, Libyan British Business Council (LBBC) “Libya will raise its oil production from 1.25 million barrels a day now to 2.1 mbd by 2024.” – Engineer Mustafa Sanalla, Chairman, National Oil Corporation of Libya Over 150 Libyan state-owned and private businesses […]

Libya Static in Doing Business Index

By John Lee. Libya has been ranked 186th out of 190 countries in the World Bank‘s recent Doing Business 2020 report, maintaining its position from the previous year. Top of the list were New Zealand, Singapore and Hong Kong, with last place going to Somalia, just behind Eritrea and Venezuela. Iran ranked 127th, with Iraq […]

Libya Targets Foreign Investors in “Vast” Reconstruction Drive

By John Lee. Libya is reportedly preparing to launch a comprehensive reconstruction program with the support of international organizations including the World Bank. Xinhua quotes Libyan Minister of Planning Taher Al-Juhaimi as saying that the Libyan government is reviewing its five-year development plan by redefining the priorities of some 4,000 projects worth around $100 billion. […]

LBBC to hold Conference in Tunis in November

The Libyan British Business Council (LBBC) has announced that it will be taking a business delegation to Tunis again this year – from Monday 18 to Thursday 21 November, 2019. This follows on from last year’s very successful trade and investment mission, when it took over 60 representatives from 36 member companies to Tunis to […]

Outsiders’ Battle to Rebuild Libya is “Fueling Civil War”

By Samuel Ramani, for Foreign Policy. Any opinions expressed here are those of the author and do not necessarily reflect the views of Libya Business News. Outsiders’ Battle to Rebuild Libya Is Fueling the Civil War There In competing for lucrative reconstruction contracts, China, Italy, France, Russia, and others are preventing the conflict from ending. […]

New York Lobbyists to represent LIA

GerstmanSchwartz, LLP, a New York-based law practice, has announced that it will act on behalf of the Tripoli-based Libyan Investment Authority (LIA). In recently-filed Foreign Agents Registration Act (FARA) documents, the firm says that Stephen (Shai) Franklin will provide consultancy services to the LIA on its behalf. The firm is 50-percent owned by Bradley Gerstman […]

Libya joins European Bank for Reconstruction and Development (EBRD)

Libya has joined the European Bank for Reconstruction and Development (EBRD) as its latest shareholder with a view to becoming a country where the Bank engages with investments and support for policy reforms. The North African country became a shareholder in the EBRD today when membership formalities were successfully concluded. This follows the Bank’s Board […]