Credit Union Development in Libya

Rebuilding from a civil war and international attention following the Benghazi attacks, Libya's transitional government is beginning the road to economic recovery. Civil society groups in the country are looking for ways to strengthen a democratic base, and business groups are seeking ways to update and finance new industry and commerce. World Council of Credit […]

Deloitte Reports on MENA Oil, Gas M&A

A new report from Deloitte, entitled "Mergers and Acquisitions in the Oil and Gas Industry -- Current upstream M&A issues and transaction considerations", looks at the factors affecting investment in Libya. "Libya is now poised to return to full-scale oil production in the not-too-distant future and Iraqi production, which has now passed the 3 million […]

Dubai's Al Danube Enters Libyan Market

Dubai's Al Danube, the UAE’s biggest building materials supplier, has expanded into Libya with a franchise outlet in Benghazi. The 35,000-square-foot showroom houses an extensive collection of products including sanitary ware, ceramic tiles, parquet, flooring, chandeliers, garden furniture, timber, steel and other hardware. Danube also foresees expansion in other areas of Africa such as Ethiopia […]

$9bn Illicit Capital Outflow from Libya

Libya ranks in 54th place worldwide for the amount of money flowing out via crime, corruption and tax evasion over the past ten years, according to Global Financial Integrity (GFI), a Washington-based research and advocacy organization. Illicit outflows of cash averaged $902 million per year from 2001 to 2010. In 2010 alone, an estimated $2.1 […]

UN Special Representative visits Misrata

The Special Representative of the United Nations Secretary- General for Libya, Mr. Tarek Mitri, has visited Misrata [Misurata] to meet with the city's Local Council, Advisory Council and civil society organizations. Discussions during these meetings covered a range of issues, including decentralization, national reconciliation, transitional justice, the selection of the constitution drafting body, and local […]

$400m may be Allocated to Revolutionaries' Businesses

Libya Herald reports that the Warriors Affairs Commission is preparing to launch a potentially ground-breaking programme to kick-start Libya’s faltering private sector and reintegrate former revolutionaries into society. If the Zeidan Government gives the green light, LD 500 million ($400 million) will be set aside to assist 5,000 former fighters to establish their own small-to-medium […]

London Workshop: Doing Business in Libya

Following the Middle East Association (MEA)’s successful trade mission to Libya in December 2012 and ahead of it’s follow-up mission in March 2013, the MEA, supported by UKTI, will be hosting an innovative workshop on how to do business in Libya for UK businesses looking to invest in the country. This will take place at […]

Mellitah Pre-Qual for Underwater Inspection Contractors

The Mellitah Oil & Gas Company intends to issue the below tender and wishes to invite for pre-qualification interested, experienced and reputable contractors specialized in providing similar services. The pre-qualification submission will be evaluated to establish the Bidder List for the tender: TENDER NO. (710) UNDERWATER INSPECTION CONNTRACTORS SCOPE OF WORK: Mellitah Oil & Gas […]