Tunisian Employers Concerned at Border Closure

The Tunisian Union for Industry and Commerce (UTICA), in a joint statement with the Tunisian-Libyan Chamber of Commerce, has expressed its concern at the closure of thee border between Libya and Tunisia. The situation, caused by a lack of security at the border, is said to be damaging trade between the countries. The UTICA has […]

20 Smuggled Migrants Killed in Libya

Twenty Somali migrants were killed and another 55 injured as they were being smuggled into Tripoli, Libya Herald reports. They were travelling in a secret compartment in a lorry when the vehicle had an accident, causing the bricks and steel used to conceal them to collapse on top of them. It is understood that the […]

Harouge Pre-Qual Tender for "General Services"

Harouge Oil Operations has issued an open invitation for a pre-qualification tender for "general services" at Jofra, Ghani, Ennaga, Amal, and Ras Lanuf oil fields. The required information must be delivered between Sunday, 6/01/2013 to Thursday 10/01/2013, between 9:30 am and 12:00 pm to The Office of the Secretary of the Tender Committee, Room 541, […]

Civital Considers Misurata Free Zone

The Swiss-Algerian company Cevital Company is reported to be considering investment opportunities in the petrochemical sector at the Misurata Free Zone. Jamal Alghariani, head of administration of Misurata Free Zone, met with a high-level delegation from the company and confirmed that investment interest in the area is increasing. (Source: Libyan Investment)

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 […]