By John Lee. Analysts from Citigroup have said cast doubt on last week's deal between the Tripoli-based Presidential Council and Petroleum Facilities Guard (PFG), describing it as “likely another headfake.” They said in a report that the nation “has devolved into a genuine failed state, run by competing militias, and moving a state from the […]
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Libya Scrambles to find Gadhafi's Missing Billions
By Samir Sobh for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Libya Business News. Apart from the outcomes of the UN-brokered peace deal that was signed July 11, in Skhirat, Morocco, the fact that some parties to the conflict objected on its articles, and that others […]
Tags: Banco Santander, Central Bank of Libya (CBL), Citigroup, Electriciete de France (EDF), Eni, LAP, Libyan Africa Investment Portfolio, Libyan Arab Foreign Investment Company (LAFICO), Libyan Investment Authority (LIA), Libyan Local Investment & Development Fund (LLIDF), Oilinvest
LIA Cooperates With SEC on Goldman Probe
The Libyan Investment Authority (LIA), the country's sovereign-wealth fund, is reportedly helping the US's Securities and Exchange Commission’s bribery probe into Goldman Sachs. According to The Wall Street Journal, the fund is cooperating with the SEC on an investigation into whether Goldman violated American anti-corruption laws, after the fund lost 98 percent, or $1 billion, […]