Tag Archives | Private Sector

Private Sector to Restore Oilfields

By John Lee. The Chairman of the National Oil Corporation (NOC) held a meeting with Chairman and Members of the Libyan Businessmen Council on Thursday. Mustafa Sanalla opened the meeting referring to the decline of the exchange rate of the Libyan Dinar and its impact on the national economy. He also mentioned the efforts exerted […]

Libyan Hopes Pinned on Private Sector

According to a report from AFP, small businesses are prospering in Libya’s major cities even as the economy at large is being throttled by the security problems and industrial action which has hit oil revenues. Chamber of commerce chief, Idriss Abdelhadi, said: “These investments [in shops and boutiques] are thanks to partnerships with foreign investors […]

Old Attitudes to the Private Sector Must Change

By Padraig O'Hannelly. Last week I had the pleasure of attending an excellent panel discussion hosted by the Legatum Institute in London. Addressing the topic of Reforming Libya’s Financial Sector, and the Politics That Go With It, were banker Mark Dempsey, of Brehon Advisory, former Libyan Health Minster, Dr Fatima Hamroush, and Mary Fitzgerald, Foreign […]