Tag Archives | Switzerland

Libya’s Tamoil pledges cash to save Swiss refinery

Libyan-owned Tamoil’s Swiss branch said it will spend “tens of millions” of Swiss francs on its Collombey refinery after cantonal authorities issued an ultimatum on a clean-up of the plant and threatened to force it to suspend operations. The Swiss canton of Valais, best known for the “Toblerone mountain” and world-class ski resorts, in March […]

Trade boom with Libya on Lebanon’s horizon

Libya’s recent decision to lift its economic embargo on Lebanon will boost bilateral trade and open up opportunities for businesses in Libya’s reconstruction and energy sectors, experts said. A statement issued by the newly appointed Libyan Cabinet announced the decision earlier this week. The Cabinet has also lifted a similar trade embargo on Switzerland. “We […]

Switzerland eases sanctions on Libya

Switzerland will on Thursday unblock some frozen Libyan assets and allow the transfer of money to some state institutions, the Swiss government said on Wednesday. The move will allow the transfer of money and other assets to the Central Bank of Libya, the Libyan Investment Authority, the Libyan Foreign Bank and the Libyan Africa Investment […]