Tag Archives | Arab Banking Corporation (ABC)

Managing Libya's $67bn Sovereign Wealth Fund

By Padraig O'Hannelly. Libya is complicated. With two rival governments, controlling rival armies that themselves contain competing factions, it's hardly surprising that control of one of Libya's biggest assets, its $67-billion sovereign wealth fund, is also contested. To some extent, the battle for control of the Libyan Investment Authority (LIA) mirrors the divisions within Libya […]

Libyan to Head Arab Banking Corporation

The Arab Banking Corporation (ABC), Bahrain’s largest bank and the leading regional bank in the Middle East, announced today the appointment of Dr. Khaled Kawan (pictured), a Libyan, as President and Chief Executive of the ABC Group. The bank is 59 percent owned by the Libyan Central Bank. Dr. Kawan comes from serving as Acting […]

Central Bank Denies Licensing Foreign Banks

The Central Bank of Libya has denied that it had issued licences to foreign banks to operate independently in Libya, saying that any licences issued to foreign banks  had to be in partnership with a Libyan bank. According to a report from Libya Herald, the CBL also denied rumours that it plans to sell the […]