Libya bourse resumes trading after year closure

Libya's Stock Exchange resumed trading on Thursday just over a year after the country's conflict forced it to close. Officials on the trading floor rang a bell then shouted "Allahu Akbar!" or "God is great!" to signal the start of trading on a bourse which, its backers say, could take off now that it is […]

Gonzi addresses London-based investors as visit comes to an end

Prime Minister Lawrence Gonzi this morning addressed a business breakfast in London, where he touched upon Malta's strengths and was questioned about Libyan opportunities, economic crises and oil exploration. The event, hosted at Corinthia Hotel in London, brought together some 50 members of the Malta Business Network, which launched its website today at the British […]

OPEC Output Rises to Three-Year High on Saudi Arabia, IEA Says

OPEC’s crude oil production rose for a fifth month to the highest in more than three years as Saudi Arabia and Libya boosted supply, according to the International Energy Agency. The 12 members of the Organization of Petroleum Exporting Countries produced 31.42 million barrels a day of crude last month, the most since October 2008, the Paris-based agency […]

Climate Conversations - Building a new Libya in a new climate

Free Libya. This was one of the main rallying cries last year for the Libyan opposition, which with NATO assistance toppled the brutal 40-year reign of Muammar Gaddafi. But four and a half months after Gaddafi’s downfall, Libya, under the leadership of the interim National Transitional Council (NTC), is facing the problem of reconciling the […]

Weekly Security Review

AKE Oil Infrastructure Report AKE has produced the first independent security and risk assessment of Libya’s major oil producing and refining facilities. Designed to provide accurate and actionable information to companies looking to enter or re-enter the oil-rich North African state, the project aimed to assess the threat level in the areas most associated with […]

Telecom operator returning to Libya

The Ugandan government announced on Monday that Libyan assets, including Uganda Telecom (UTL), seized by the government last year as part of United Nations (UN) sanctions on Libya, will be returned. The government said, in a press statement published by the WallStreet Journal, once UN sanctions against the North African country were lifted in December […]

Finnish know-how sought in Libya rebuilding

Finnish experts will soon start working in Libya to help the country get back on its feet after the civil war. Libya needs support in areas including border control, healthcare and forensic medicine. Post-war Libya faces the challenge of rebuilding and providing services to its citizens. Finland is pitching in at Libya's request for expert […]