«المركزي» يستلم 500 مليون دينار قادمة من بريطانيا

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Hesham Ghrairi, Commercial Attache at the Libyan Embassy speaks of the role of the Embassy in assisting British Companies wishing to do business in Libya.

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Comments:

We are an Indonesian Company, are there any opportunity? We are running seismic data processing, we base in Jakarta Indonesia.

Masdar Simbolon

Masdar Simbolon
5 yearss ago

I like this video much, thanks for posting

Hend Al-jaberie
5 yearss ago

informative interview good work LBTV team http://libyabusinessguide.tv/

Khaled Montasir
5 yearss ago

Oil & Gas News

Oil & Gas News

With the recent oil and gas developments across Libya, Tunisia, Algeria and Morocco, the North Africa Oil and Gas Summit will provide a critical analysis of the region to help IOCs and NOCs adapt their operations in accordance with the emerging opportunities.

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ameinfo.com
Organised by The Energy Exchange, the North Africa Oil and Gas Summit will be held in Vienna from 6 - 8 November 2012 and will provide attendees with a concrete understanding of the available blocks, evolving fiscal and legal frameworks and contractual terms from strategy leaders in the region.

Elodie Huiban, Event Director, The Energy Exchange, said: "The North Africa Oil and Gas Summit is developed in conjunction with, and supported by the major IOCs operating in the region. Attendees can be sure to receive the latest up-to-date information on the hottest oil and gas topics that are flooding the region. Representation is guaranteed at the most senior level from Algeria, Libya, Egypt, Morocco, Tunisia and Mauritania."

Libya will be one of the prime areas of focus at the conference. With revenue from Libyan oil production reaching $30.4bn, a thorough analysis will be provided on whether this is sustainable, especially since earnings from oil exports account for more than 90% of Libya's income.

Furthermore foreign investment opportunities in Libya will also be discussed as the country's oil and gas professionals and leaders will explore other avenues of interest, such as hydrocarbon potential, partnerships in operating at all levels in Libya, unlocking more reserves and overcoming technical challenges through the utilisation of cutting-edge technologies and innovations.

Inger Andersen, World Bank Vice-President for the Middle East and North Africa, recently met with Moroccan officials and civil society representatives to address the country's most important challenges.

Andersen had said: "Youth make up a significant proportion of Moroccan society and tackling the unemployment that plagues their young ambitions must be a priority for all of us."

She further added that the World Bank is conducting analytical work and designing projects to support the participation of young people in Morocco's economy, and to ensure that their skills match labour-market demands. Equally important is a strong enabling environment for business development and to help Morocco achieve this, the Bank is working on a new initiative to underpin economic competitiveness.

At the request of Moroccan officials and with the overwhelming support received by Morocco from the World Bank, improving social protection through the reform of the subsidy system tops the World Bank's agenda in Morocco.

The collaboration between Morocco and the World Bank and its outcomes will be discussed at the North Africa Oil and Gas Summit. Speakers will explain why this country is an investment destination, the current business climate, exploration and production developments and much more.

According to the US Energy Information Administration, Egypt has proven gas reserves of 77.1 trillion cubic feet (tcf).

Robert Dudley, Chief Executive of BP recently announced the company would invest $10bn in Egypt's natural gas production. Furthermore, the company's offshore gas project is expected to add 20% to Egypt's natural gas production.

Speakers at the conference will provide a comprehensive analysis on the current situation and future of Egypt. A roundtable discussion will take place that will explore opportunities of Egypt being an importer or exporter of gas. It will highlight its interaction potential with Israel and launch bids for licenses in the Eastern Mediterranean basin along with updates on LNG and pipeline projects and more.

Shell recently won $150m contract to explore oil in Tunisia. Mark Liebster, General Manager North Africa Upstream and Country Manager Tunisia, Shell is confirmed to participate at the North Africa Oil and Gas Summit, and will explore how to maintain existing business and capitalise on new, emerging opportunities to achieve a healthy economic position.

Confirmed to participate at North Africa Oil and Gas Summit include: Abdurahman A. Benyezza, Minister of Oil & Gas, Libya; Dr Nurri Berruien, Chairman NOC Libya; Salim Lahsini, Senior Geologist, ONHYM; Rafaat El-Beltagy, Vice Chairman Field Development and Production, EGAS; Mark Liebster, GM North Africa Upstream and Country Manager, Tunisia, Shell; Jean-Daniel Blasco, VP E&P North Africa, TOTAL; and Jaap Huijskes, Executive Board Member, E&P OMV; amongst others.

The North Africa Oil and Gas Summit is the only event that covers all of North Africa and provides a neutral platform where all players can speak freely and meet decision makers on a one-to-one basis.
Comments:

Financial News

Financial News

Arqaam Capital has reached an agreement to acquire Libya-based Al Rashad Finance and Management Advisory (Rashad). The purchase agreement includes the business, operations and financial services licence of Rashad.

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SyndiGate.info
Following the close of the acquisition, the company will operate under the name Arqaam Capital Libya. Rashad has obtained initial approval for a financial services licence from the Libyan Stock Market and will request that the company’s final licence will allow the company to buy and selling securities; advise on investments in securities; manage security portfolios and investment funds; promote subscriptions in securities; margin funding; and proprietary trading.

Rashad was founded in February 2012 to support institutions, businesses, governments and NGOs to plan, manage and execute development projects. Since then,Rashad has been engaged to support a variety of projects ranging from public financial management and organisational restructurings for government bodies to corporate finance support for a private construction business to the establishment of an NGO. Following the close of the acquisition, the Rashad team will join Arqaam Capital Libya and leverage Arqaam’s regional network to enable clients to participate in projects and investments in Libya.

“We have seen increasing client interest into the region and have already established relationships with key public and private entities in the country,” said RiadMeliti, Chief Executive Officer of Arqaam Capital. “This acquisition will provide us with additional on-the-ground insight into the Libyan market, which we will, in turn, be able to provide to our clients. Building on our recent expansion into Egypt, the addition of a Tripoli office is an important extension of the regional network we offer our clients.”

“The International Monetary Fund has forecasted that Libya’s nominal GDP will grow 121 per cent in 2012. This startling growth projection is in line with our view on the country. We are very positive on the long-term prospects for the country’s economy given its strong fundamentals such as GDP per capita, its youthful population and significant natural resources. We believe that the interim government will be able to leverage these fundamentals to make important strides in its reconstruction efforts and are confident that the country will be able to capture significant growth and stability in the coming years.”

The proposed transaction is subject to regulatory approvals, including consent from the Libyan Stock Market.It is expected that the transaction will close in the fourth quarter of this year.
Comments:

Dear Sir / Madam, Good day and hope this email will find you well.

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Direct Solutions for HR Consulting (KONTA Consulting) is a specialized business management consulting located in Jordan.

We provide our consultancy services to cover locally and Middle East organizations to different industries. We are offering Human Resources Consulting, Recruitment Consulting Services, Business Management Consulting and Professional Training Courses & Development Skills with a very high standards of quality, as well as we assist our clients to achieve and award ISO Certification. Our Consultants & Trainers team has an excellent experience in Hospitals, Hotels, Real Estates, Automotive, Media, Oil & Gas, Hospitality, Malls, International Franchising, Hypermarket and Pharmaceutical Management skills. They have a Practical successful experience in managing and delivering HR and Management projects in many firms, Practical experience in set up HR Department, Pre-Opening and Rebranding Projects, as well as professional training courses.

Our target is helping top executives to make a difference in their decisions, and achieving the results they desire. We guide our clients' steps, to an extreme change in their Management Wisdom, Work Philosophy, Outcome Quality, and Customer Satisfaction in order to enrich their Visions and Insights.

We at KONTA are really very interested in providing your esteemed organization with the highest possible standards of Quality in Human Resources Consulting & Development, Recruitment Services and professional Training Courses. For any further information, please do not hesitate to contact us.

Regards. Nidal Shalabi Managing Director Direct Solutions for HR Consulting (KONTA Consulting) Tel.: +962 6 5699884 Telefax: +962 6 5699880 Mob. : +962 795270367 +962 799497030 Office Mob.: +962 795009305 Skype ID: nidal.shalabi2 P.O. Box: 923334 Amman 11192 Jordan Email: nidalshalabi@kontaconsulting.com Website: www.kontaconsulting.com

Human Resources Consulting Services
5 yearss ago

Business News

Business News
Released:  05/10/20122012-10-05
Word count:  214

Italian energy group Edison says it won a dispute with Eni to review the price of its long-term gas contract in Libya

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Reuters
Italian energy group Edison said on Monday it had won a dispute with Eni to review the price of its long-term gas contract from Libya, its second gas arbitration victory in less than a month. "The overall impact on 2012 accounts of Edison is estimated in more than 250 million euros on EBITDA," the company said in a statement.

In September Edison, which is owned by France's EDF , won in arbitration a 450 million euro discount on its liquefied natural gas (LNG) supplies from Qatar's Rasgas.

Arbitrations and renegotiations of long-term take-or-pay contracts have become widespread across Europe's gas industry as low spot prices on the wholesale market make existing long-term contracts unprofitable.

With import prices under long-term contracts typically indexed to rising oil prices, gas importers have booked heavy losses.

Russia's Gazprom agreed to amend long-term supply deals for Germany's EON in July after the utility lost hundreds of millions of euros on contracts linked to oil prices.

"Once again international arbiters have recognized that the gas market has structurally changed and have imposed a sale's price cut by the producer," Edison said.

Edison, which last year successfully challenged Russian gas export monopoly Gazprom to reduce the cost of long-term gas supplies for 2 billion cubic metres, expects arbitration over its Algerian gas contract to conclude in 2013.
Comments:

good news !

Khaled Montasir
5 yearss ago

Oil & Gas News

Oil & Gas News
Released:  04/10/20122012-10-04
Word count:  209

FRANKFURT Oct 2 (Reuters) - Wintershall, the second-largest foreign oil firm operating in Libya before the civil war, said it would team up with the country's National Oil Co. to build a pipeline to relieve an exports bottleneck.

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Reuters
The company, the oil and gas arm of German chemicals group BASF, said the 55 km-long (34-mile) pipe would help carry crude oil to export port Ras Lanuf in northern Libya and that it expected it to be in operation by spring 2013.

"Wintershall is sending a clear signal of its commitment to building a new Libya," it said on Tuesday.

The company used to produce about 100,000 barrels per day before the conflict which led to Libyan leader Muammar Gaddafi being deposed last year. Output was halted in spring 2011 because of the fighting.

With more than $2 billion invested in the country and 150 wells sunk in Libya, the company was second only to Italy's Eni among foreign firms before the conflict. Libya accounted for almost three-quarters of its oil output.

Wintershall said its daily production in the country had now recovered to 85,000 barrels per day, and it aims to restore its production to pre-war levels next year.

The pipeline will link the Wintershall concession C96, the Nafoora oil field, operated by Libya's biggest oil firm Agoco, and the Amal field, Wintershall said in a statement.

"Wintershall plans to lay the approximately 4,000 parts of the 55-km-long pipeline right through the desert by spring 2013," it said. (Reporting by Vera Eckert; Editing by Pravin Char)
Comments:

"Wintershall is sending a clear signal of its commitment to building a new Libya,"

Khaled Montasir
5 yearss ago

Political News

Political News
Released:  02/10/20122012-10-02

Libyan President Mohammed el-Megarif took the podium and said he would like to apologize for the crimes committed by "the lunatic despot" former Libyan leader Moammar Gadhafi, who was killed by rebels on Oct. 20, 2011. "The Libyan people are determined to build a state ... that respects its international commitments and human rights."

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PBS NEWSHOUR
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Political News

Political News
Released:  02/10/20122012-10-02
Word count:  684

At the lobby of one of Libya’s historic hotels sits Ahlam Ben Taboon, a young Libyan activist, with a group of young journalists and friends – once revolutionaries. Eloquent and energetic, Ahlam works with Foundation for the Future, a human rights NGO, and is also the Vice President of the country’s main civil society association. In both roles, she is involved in capacity building programs on issues ranging from media to elections...

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MAYSAM ALI
Ahlam’s early days in college were far from typical. At an international law course she took as a Political Science and Economics major in what was then known as Nasser University – which then-President Muammar Qaddafi named after former Egyptian President Gamal Abdul Nasser – the curricula were state-dictated. This was at the peak of pan-Arabism in the region, and Qaddafi sought to remodel Libya after the socialist, pan-Arab ideology. At Nasser University, Ahlam and her colleagues studied Muammar Qaddafi’s Green Book. Curious as to how Qaddafi’s rules were held in international jurisdiction, Ahlam once ventured to ask her professor. Within a few hours, she was dismissed from college and made to sign a paper stating that she, “in her full mental capacity,” chose to willingly quit school. A few years later came the revolution.

Though Ahlam’s story is uniquely her own, she is part of a larger trend. Nearly half of Libya’s 6 million inhabitants are under 25 years of age. Not surprisingly, nearly a quarter of Libya’s population is in school. With limited access to quality education and no teaching of foreign languages, Libya’s youth lament the time wasted under the previous regime. Yet they are hopeful that the new Libya offers opportunities to get an education, find a job, and start a meaningful life.

Indeed, those objectives are at the heart of PNB, an initiative housed at the Aspen Institute and chaired by Madeleine Albright, Chair of the Albright Stonebridge Group, and co-chaired by Muhtar Kent of The Coca-Cola Company and Walter Issacson of the Aspen Institute. In each country where this public-private initiative operates, PNB forms local boards of business and civil society leaders and invites them to put together a strategic plan with priorities and projects to enhance economic opportunity and education. PNB then matches them with partners in the U.S. who can help them implement the projects.

Among the upcoming projects in Libya is an education reform effort, led by the Aspen Institute, in collaboration with the U.S. government and American colleges and universities. The delegates will visit Tripoli and Benghazi in order to explore ways they can support the country’s education sector. From English-language teaching to developing business and nursing schools, the delegation aims to create sustainable partnerships between educational institutions in Libya and the U.S. These programs will be among the first local efforts to integrate Libya in the global knowledge economy.

While the Education Ministry has already taken initial steps to purge the curriculum of Qaddafi’s ideology, replacing it will be a monumental task. It takes consolidating the efforts and resources of both the public and the private sector to truly revolutionize Libya’s educational sector – key to self-empowerment and to buildings skills and diversifying the economy away from oil dependence. PNB is also looking to support entrepreneurship programs in order to help the youth start new companies, thus addressing the problem of unemployment and helping build the country’s nascent private sector.

In a similar effort across North Africa, PNB’s North Africa Partnership for Economic Opportunity (PNB – NAPEO) took a higher education delegation to Tunisia, Morocco and Algeria. As a result, Wayne State University has begun conversations to partner with Tunis Business School in order to support its smart center to provide business resources and mentorship for young entrepreneurs.

In Tripoli, there are barely any traces of Qaddafi left. His compounds have been leveled to the ground; buildings and streets now sport names affiliated with the February 17th revolution, or the country’s independence. Nasser University is now Tripoli University; its Administration is working to reform the curriculum and shuffle its faculty. Graffiti on the city’s walls bear witness to the four decades of agony that the people here endured. The Libyans today are longing to come out, meet the world, learn new languages, start their own businesses and connect to a globalized world. And they know they need partners to do it. Thus the need and opportunity for a real beginning in Libya, and another between Libya and the world.

[source: diplomaticourier.com]
Comments:

Business News

Business News
Released:  01/10/20122012-10-01
Word count:  270

Italy will expand its economic and social commitments in Libya even as the North African country continues to battle problems that range from unsecured borders to dangerous armed groups, Italy's foreign minister said Friday.

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By MARIA SANMINIATELLI Associated Press
A former colonial ruler of Libya, Italy has decades-solid trade ties with Tripoli, including extensive gas and oil interests.

"We are encouraging Libyan authorities to urgently tackle the issue of safety," Foreign Minister Giulio Terzi told The Associated Press in an interview on Friday.

He noted that Libya's weak security instability contributed to the killing of the U.S. ambassador to Libya, Chris Stevens, along with three other Americans in an attack on the U.S. consulate in the eastern city of Benghazi. And Libya's unsecured borders are a top priority that "must be resolved rapidly," Terzi said.

"We want to expand our partnership with this country, which is so important economically and politically," Terzi said.

He gave no details, but Italy's ties to Libya are strong.

Italy was Libya's colonial ruler in fascist times and went on to develop into Libya's largest trading partner as old resentments matured into mutually beneficial economic ties — worth €11 billion before trade was halted in February with the outbreak of civil war. Italy also is dependent on the Arab country's oil.

But Libya has suffered a big security vacuum following last year's killing of longtime dictator Moammar Gadhafi and the collapse of his regime.

The void was quickly filled by local militia groups formed initially of rebel forces that fought Gadhafi's forces in an eight-month rebellion. Since then, they have grown in number and their ranks swelled with youths ready to take the law into their own hands.

"Italy is viewed by Libyans as their first point of reference in Europe," Terzi said. "We intend to increase our presence in every field."

[Associated Press]
Comments:

"We want to expand our partnership with this country, which is so important economically and politically," Terzi said.

Khaled Montasir
5 yearss ago

Financial News

Financial News
Released:  01/10/20122012-10-01
Word count:  333

KUWAIT (Reuters) - Libya hopes to start implementing its new Islamic banking law by the end of the year and expects strong demand among the public for sharia-compliant financial services, Libyan central bank governor Saddek Omar Elkaber said on Monday.

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Reuters
The country approved an Islamic banking law in May and has been working to amend its legislation to attract foreign investment and stimulate its private sector following last year's war that ousted Muammar Gaddafi.

"The demand is so high in Libya so we set up a higher committee for Islamic finance...Now they are working to set up a road map for Islamic finance in Libya," Elkaber told reporters on the sidelines of an Arab central bankers' conference in Kuwait.

Asked when Libya might be able to start implementing the rules, he said: "Hopefully very soon. Hopefully this year."

He said the authorities envisaged several options for Islamic banking services. One would be to allow conventional banks to open branches or windows for Islamic finance; another would be permitting conventional banks to become Islamic. Libya is also looking at introducing a special licence for Islamic banking, he said.

The licensing option is still under discussion because authorities have yet to agree on capital requirements, he added.

Apparently for ideological reasons, Gaddafi did not support the development of Islamic banking, which follows religious principles such as bans on interest and pure monetary speculation.

Libya's banking system under his regime was dominated by a few state-owned institutions; most ordinary Libyans did not use credit cards and their banking services were largely limited to basic cash deposits and withdrawals, making it easier for Gaddafi to keep control over the economy and society.

The country's new authorities want to develop the financial sector and the central bank has been looking to update a 2005 banking law which first allowed foreign banks into Libya.

Asked whether planned changes to the law might mean that Libya would start awarding new foreign bank licences soon, Elkaber said that topic was under assessment.

"We asked the World Bank to do a financial sector review - they sent the first draft and we need to review it. Then we will decide," he said. "But Libya will be an open market anyway, for everyone."
Comments:

Apparently for ideological reasons, Gaddafi did not support the development of Islamic banking, which follows religious principles such as bans on interest and pure monetary speculation.

Khaled Montasir
5 yearss ago

Financial News

Financial News
Released:  28/09/20122012-09-28
Word count:  176

A new financial alliance between the Egyptian Housing and Development Bank and the Libya Bank of Commerce and Development has been established.

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Mina Monir - Chief Editor of Libya Business TV
The alliance, which is the first of its kind between Egyptian and Libyan banks, is a result of a protocol signed by the presidents of the banks on the 28th of September. The vice president of the Housing and Development Bank, Mr. Essam Abou Hamid, stated that the protocol aims to make use of real-estate activities in Libya, as well as establishing a set of new co-projects in the emerging Libyan market. Mr. Hamid added that the Libyan experience in banking sectors should be improved by the protocol, in order to help creating better development opportunities in the Libyan estates market.

The vice president of the Egyptian bank said that the protocol will assist in the establishmeht of a new joint company specialised in real estate development and tourism. It will have a capital of 10 Libyan dinars and the Libyan bank will have 51% share of the company.

The Libyan Bank of Commerce and Development was established in 1995 and it enjoys a large network of branches, more than 820 employees and a total capital reaching 2 billion US dollars.
Comments:

Dear Sir / Madam,

Good day and hope this email will find you well.

First and foremost, we would like to extend our gratitude and honor for the opportunity of offering our consulting services to a highly regarded, reputable, and proficient organization as your esteemed organization. Direct Solutions for HR Consulting (KONTA Consulting) is a specialized business management consulting located in Jordan.

We provide our consultancy services to cover locally and Middle East organizations to different industries. We are offering Human Resources Consulting, Recruitment Consulting Services, Business Management Consulting and Professional Training Courses & Development Skills with a very high standards of quality, as well as we assist our clients to achieve and award ISO Certification. Our target is helping top executives to make a difference in their decisions, and achieving the results they desire.

We guide our clients' steps, to an extreme change in their Management Wisdom, Work Philosophy, Outcome Quality, and Customer Satisfaction in order to enrich their Visions and Insights.

We at KONTA are really very interested in providing your esteemed organization with the highest possible standards of Quality in Human Resources Consulting & Development.

For any further information, please do not hesitate to contact us.

Regards.

Nidal Shalabi Managing Director Direct Solutions for HR Consulting (KONTA Consulting) Tel.:+962 6 5699884 Telefax:+962 6 5699880 Mob: +962 79 9281380 +962 79 5270367 Office Mob:+962 799497030 Skype ID: nidal.shalabi2 P.O. Box 923334 Amman 11192 Jordan. Email: nidalshalabi@kontaconsulting.com Website: www.kontaconsulting.com

Anonymous
5 yearss ago

economy is the best way for integration.

Khaled Montasir
5 yearss ago

Business News

Business News
Released:  27/09/20122012-09-27
Word count:  181

Khartoum, 20 (SUNA) - The Minister of Minerals Kamal Abdal-Latif said that his ministry intended to change the Mining Act of 2007 because it is no longer cope with the development in the mining sector which necessitates introduction of some modifications to the law.

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Mina Monir - Chief Editor of Libya Business TV
The minister added, in a press statement followed a meeting with the Libyan Minister of Industry Dr. Mahmoud Al-Fetaisi and the Chairperson of the Libyan Foundation for Mining Ibrahim Obeid, that they discussed ways of developing the relations between the two countries in the field of mining, pointing out that the two sides agreed to plan for a joint mining project between them on mineral exploration in the Mountain of Uweinat on the Sudanese-Libyan borders. Abdal-Latif stated that the two sides agreed upon development of the mining industry as well as adoption of joint initiatives by the two sides for the Twelfth Conference for Mineral Resources scheduled to be held in Khartoum at the end of next November on the reform of the Arab Mining Company. Dr Al-Fetaisi, meanwhile, explained that the two sides discussed a number of common issues and preparations for other activities between the two parties in mining projects, especially the exploration on the border areas between the two countries, pointing to the initiation of meetings of experts from the two countries to begin in advanced practical steps.
Comments:

good news

Khaled Montasir
5 yearss ago

Political News

Political News
Released:  27/09/20122012-09-27
Word count:  242

TRIPOLI (Reuters) - Libya's ruling congress on Wednesday said it threatened to dismiss the new prime minister if he fails to name his new Cabinet by October 8.

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Reuters
A spokesman for the congress told reporters the ultimatum was given after Prime Minister-elect Mustafa Abushagur asked to extend the period in which he can form a government by 10 days.

Abushagur, elected by the congress on September 12, was due to present his government list to the national assembly for approval by September 28.

"If he fails to submit his proposed Cabinet by the deadline, we would consider his position as resigned, and there will be a vote for a new prime minister," spokesman Omar Homaidan told reporters.

In an emailed statement to Reuters, Abushagur's office said he would meet the deadline, adding he was working on forming a "coalition government."

"He will present his government before the end of the period identified on Oct 8," the statement said.

"He would like to form a national coalition government in what is still a critical stage of Libyan history ... There is a committee studying all the candidate applications for the government since a week ago."

Abushagur told Reuters this month his government would have a "geographical balance" in a country where regional rivalries are still rife.

He said improving security would be a priority after a deadly attack on the U.S. Consulate in Benghazi, in which the U.S. ambassador and three other Americans died.

The interim administration, in which Abushagur was deputy prime minister, has struggled to impose its authority on a myriad of armed groups who have refused to lay down their weapons.
Comments:

Construction News

Construction News Business News
Released:  26/09/20122012-09-26
Word count:  358

A project rail boom within the transport sector in the Middle East and North Africa (Mena) is expected to materialise in the next three years as the region allocates more than $250 billion worth of investments in various rail projects.

Play
SyndiGate.info
The region has one of the lowest density rail networks in the world, with just under 34,000km of track over a landmass of 15 million square kilometre, said a press release. The boom in the construction of railway infrastructure is expected to double the track network to 67,000km and create huge opportunities for local and international businesses. This year, there are currently $156 billion worth of rail projects planned or under way in the region, according to projects tracker MEED Projects.

Nearly 29 per cent of these are currently being built and 12.5 per cent are currently being tendered. The most active countries are those that cover large areas and have comparatively large populations. Iran has the most projects planned or under way with $34 billion of schemes, closely followed by Saudi Arabia with $31 billion.

Other markets with more than $10 billion of projects are Iraq with $13 billion, Kuwait with $14 billion, Qatar $13 billion, and the UAE with $14 billion. "With governments across the region investing heavily in rail mega projects, the vision of the railway pioneers to link cities across the Middle East and beyond is finally being realised.

MEED's MENA Rail Projects conference has been designed to provide a review of these major projects which will reveal key challenges, insights and business opportunities for the rail industry focused on projects in the MENA region," said Edmund O' Sullivan, chairman, MEED Events, organisers of the MENA Rail Projects Conference.

However, mega projects in the transport sector in the region come with a myriad of challenges such as interoperability issues, financing and resourcing. Important stakeholders will have the opportunity to dissect these and offer potential solutions and possible business models at the MENA Rail Projects Conference to address projected expansion of the rail network in the MENA region.

Government officials and railway operators in attendance will likewise provide real-time project updates and opportunities, such as railway developments taking place in Jordan, Iraq, Iran, Egypt, Morocco, Algeria and Libya; thus providing visitors the opportunity to capitalise on the opportunities in these exciting new markets. For new work in the near future, different markets will dominate as smaller rapidly growing countries develop urban rail schemes. [source: SyndiGate.info]
Comments:

Government officials and railway operators in attendance will likewise provide real-time project updates and opportunities, such as railway developments taking place in Jordan, Iraq, Iran, Egypt, Morocco, Algeria and Libya; thus providing visitors the opportunity to capitalise on the opportunities in these exciting new markets. For new work in the near future, different markets will dominate as smaller rapidly growing countries develop urban rail schemes.

Khaled Montasir
5 yearss ago

Business News

Business News
Released:  26/09/20122012-09-26
Word count:  161

TRIPOLI, Libya, Sept. 24 (UPI) -- The top executive at Libya's state-run energy company touted his country's natural gas potential during a Monday conference in Tripoli.

Play
UPI.com
Nuri Berruien, chairman of the Libyan state-run National Oil Corp., said the country holds 54.7 trillion cubic feet of natural gas, Bloomberg News reports.

The Libyan energy sector is gaining ground this year after being stopped during the civil war in 2011. The NOC this month said it expected to make around $54.9 billion in revenue this year from exports and taxes on energy companies operating in the country.

NOC subsidiary Arabian Gulf Oil Co. announced the discovery of unspecified volumes of oil and natural gas in an onshore basin about 90 miles southwest of Tripoli.

Most of Libya's natural gas is designated for export through the Greenstream pipeline to Italy. Italy received nearly 10 percent of its natural gas from Greenstream before the Libyan war began in February 2011.

The U.S. Energy Department's Energy Information Administration put the natural gas reserve estimate in Libya at 52.8 trillion cubic feet as of January. That represents a 2 trillion cubic feet decline from the previous year's estimates. [UPI.com]
Comments:

Oil & Gas News

Oil & Gas News
Released:  25/09/20122012-09-25
Word count:  543

TRIPOLI - Libya aims to raise its oil production to 1.8-million barrels a day (bbl/d) next year, overtaking the output before last year's war, as it banks on the return of foreign companies even though security in the country remains precarious.

Play
Reuters
But no new exploration and production contracts are expected for at least a year before a clearer landscape emerges in the North African producer's democratic transition after the war that ousted ruler Muammar Gaddafi.

Oil output has returned close to pre-war levels of around 1.6-million bbl/d from a virtual standstill during the fighting.

About 70% of Libya's crude oil production is currently exported, while the rest is processed in its refineries, all of which are now back in operation.

"The challenge is to maintain and increase this production," Oil Minister Abdulrahman Ben Yazza told the CWC Libya Summit conference in Tripoli.

National Oil Corporation (NOC) Chairman Nuri Berruien said Libya hoped to increase production by the end of the year.

"We're targeting 1.8- (million bbl/d) next year but we're still not quite sure, but it's a target for us next year," he said.

Libya, a member of the Organization of the Petroleum Exporting Countries (OPEC), has Africa's largest reserves and a further target of producing 2-million bbl/d by end-2015.

The country's most senior oil officials have repeatedly said there would be no new contracts for a good while yet, while it studies lessons to be drawn from its four past exploration and production sharing agreement programmes.

"We have to come up right now with the right model, we want to evaluate the four rounds," Berruien said. "We have to make it attractive to everybody, we have to look at it."

Asked about a timeframe for a next round of deals, NOC Exploration Manager Bashir Garea said: "Being very optimistic, I would say in one year's time."

"We would like to have more investors to the country."

A new government, in which Ben Yazza may stay on as oil minister, will be named shortly to take over from the interim administration. Even the incoming government will be transitional until elections after a constitution is drafted next year.

"IS IT SAFE?"

Foreign companies have been returning to Libya, despite concerns over security. Safety was a theme discussed among the foreign oil sector delegates at the plush central Tripoli hotel where the conference was held.

Making continued tensions clear to the visitors, their hotel was targeted by a protest involving dozens of former rebel fighters angry over health compensation issues.

Security fears have heightened after the September 11 attack on the US consulate in the eastern city of Benghazi in which the ambassador and three other Americans were killed.

"All producing IOCs (international oil companies) are back since a long time ago, foreign expats who work in the field are back a long time ago," Berruien said, adding though he welcomed the return of service firms.

Outbursts of violence have deterred foreign firms from bringing back all their expatriates and the sector needs the foreign investment and expertise to increase production.

"International companies have an important role to play in consolidating Libyan oil production," one foreign delegate said.

"But question of 'Is it safe?' remains."

One of the last firms to announce its return to Libya was BP which said in May it would resume exploration activities in Libya. NOC officials said the British company expected to resume drilling next year.

Libya's gas production is still at around two-thirds of pre-war volumes, Berruien said.
Comments:

Asalaam-O-Alikum,

Dear Ahmed,

Greetings from Al Manzel International

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Al Manzel International (OEP) Overseas Employment Promoters PAKISTAN

Tel:+92-62-2443847 Fax:+92-62-2441847 Mob:+92-342 7380847 (PAK) Skype:almanzelint E mail: azam@almanzelint.com URL: www.almanzelint.com YOU THINK WE MAKE POSSIBLE

Al Manzel International (OEP ) Oversaes Employment
5 yearss ago

Dear Sir, Greetings from Al Manzel International. As a leading company dealing with recruitment of Pakistani staff Al Manzel International Pakistan provides professional manpower to the Construction, Oilfield, hospitality & Power plants industry. One of our main policies is not to charge recruiting fees and air ticket charges from the companies. We can guarantee to provide you with the best screened recruits as we selected through two rounds of per-interview by our company, before the selection by foreign company. As a leading company dealing with recruitment of Pakistani staff we are looking companies in Libyan market and encourage you to contact us, please feel free to contact us Best Regards with Respect, Azam Khan Managing Director Mob: +971-50-7613855 Abu Dhabi United Arab Emirates U.A.E. Al Manzel International (OEP) Overseas Employment Promoters PAKISTAN Tel: +92-62-2443847 Fax: +92-62-2441847 Mob: +92-342 7380847 (PAK) E mails: azam@almanzelint.com URL: www.almanzelint.com YOU THINK WE MAKE POSSIBLE Anonymous

Al Manzel International (OEP ) Oversaes Employment Promoters ( Manpower Recruiting Company )
5 yearss ago

Libya aims to raise its oil production to 1.8-million barrels a day (bbl/d) next year, overtaking the output before last year's war, as it banks on the return of foreign companies even though security in the country remains precarious.

Khaled Montasir
5 yearss ago

Business News

Business News
Released:  24/09/20122012-09-24
Word count:  215

The Libyan based Buraq Air is the likeliest candidate to take over a 49% stake in B&H Airlines, local media report. The airline is said to be prepared to heavily invest into the Bosnian carrier, and has presented its plans to the Federation government. The government is willing to sell the share package but not at any cost. A contract will be drafted specifying the exact roles of each part owner so as to avoid a repeat of the failed Turkish...

Play
EX-YU aviation news
The Libyan airline is based in the capital Tripoli. With nine aircraft it operates flights to seven cities. Its destination network use to be significantly larger prior to the Libyan civil war in 2011 with Sarajevo being one of its destinations. The strength of a potential partnership with Buraq would likely be that it wouldn’t use B&H as a feeder airline, rather, it would use it as its window to Europe.

Meanwhile, the government has outlined a range of issues it had with Turkish Airlines since 2008, when it took over a 49% stake in the carrier, until its withdrawal from the arrangement earlier this year. The government blames the Turks for turning B&H into a feeder airline. Furthermore, Turkish managed B&H and made decisions without consulting its majority share holder - the government. It also accuses Turkish Airlines of registering B&H aircraft (the Airbus A319 and Boeing 737-400) in Turkey itself, meaning taxes were payed to the Turkish government, instead of staying in the country. Finally, the government holds Turkish Airlines responsible for failing to develop a domestic network in Bosnia and Herzegovina and leaving B&H with more debt than it had prior to the partnership. B&H Airlines has 120 employees, though experts warn it should have only half of that.
Comments:

Oil & Gas News

Oil & Gas News
Released:  21/09/20122012-09-21
Word count:  247

PT Medco Energi Internasional (MEDC ), a publicly listed oil and gas company in Indonesia, has announced that it will be launching a joint operation company in Libya. The joint operation company which will be initiated next month will be overseeing the development project of its oil field in the country.

Play
Khalid Al Mouahidi
The to-be developed oil fields are found in area 47 which has received the commercial approval of the Libyan government in December. An amount of 18 oil wells have been discovered in the area and they will be exploited by Medco Energi Internasional and the Libyan Investment Authority (LIA).

The stakes of the joint operating company will be divided between three institutions; namely the Libyan government, the Libyan Investment Authority and Medco Energi Internasional with 50% of the stakes accorded to the government and the remainder will be shared among the other two respectively.

Medco president director, Lukman Mahfoedz, said the joint venture will cost US$800 million. Medco will invest US$200 million in the project, funded by internal cash and bond proceeds. He added the project has been in the preliminary engineering stage and it will produce 50,000 barrel oil per day. Production is furcated to begin in 2015. The project according to him was planned during the reign of Ghadaffi but the outbreak of the political conflict which late uprooted him delayed it.

Medco Energi is the first Indonesian company operating in the oil & gas exploration and production business listed in Jakarta Stock Exchange since 1994. And it is trying to stand out at the international stage as it focuses on Oil and Gas, power generation and renewable fuels. Less then two weeks after the ruthless aasasination of US ambassador in Lybia, this new oil exploitation is interpreted as a positive signal by libyan authorities, who were fearing disinvestment. [source: medafricatimes.com]
Comments:

Dear Sir / Madam, Good day and hope this email will find you well. First and foremost, we would like to extend our gratitude and honor for the opportunity of offering our consulting services to a highly regarded, reputable, and proficient organization as your esteemed organization. Direct Solutions for HR Consulting (KONTA Consulting) is a specialized business management consulting located in Jordan. We provide our consultancy services to cover locally and Middle East organizations to different industries. We are offering Human Resources Consulting, Recruitment Consulting Services, Business Management Consulting and Professional Training Courses & Development Skills with a very high standards of quality, as well as we assist our clients to achieve and award ISO Certification. Our target is helping top executives to make a difference in their decisions, and achieving the results they desire. We guide our clients' steps, to an extreme change in their Management Wisdom, Work Philosophy, Outcome Quality, and Customer Satisfaction in order to enrich their Visions and Insights. We at KONTA are really very interested in providing your esteemed organization with the highest possible standards of Quality in Human Resources Consulting & Development. For any further information, please do not hesitate to contact us. Regards. Nidal Shalabi Managing Director Direct Solutions for HR Consulting (KONTA Consulting) Tel.:+962 6 5699884 Telefax:+962 6 5699880 Mob: +962 79 9281380 +962 79 5270367 Office Mob:+962 799497030 Skype ID: nidal.shalabi2 P.O. Box 923334 Amman 11192 Jordan. Email: nidalshalabi@kontaconsulting.com Website: www.kontaconsulting.com

Human Resources Consulting Services
5 yearss ago

An amount of 18 oil wells have been discovered in the area and they will be exploited by Medco Energi Internasional and the Libyan Investment Authority (LIA)

Khaled Montasir
5 yearss ago

Business News

Business News
Released:  20/09/20122012-09-20
Word count:  320

The Libyan Embassy in Seoul promised on Friday its government would ensure the safety of Koreans in the North African country in the wake of violent anti-U.S. protests.

Play
Philip Iglauer
“The government will take all necessary measures to ensure the safety and protection of Korean businessmen, diplomats and companies operating in Libya,” the embassy told The Korea Herald.

The assurances came after angry protesters attacked the U.S. consulate in Benghazi killing four American diplomats, including the country’s top envoy there, and razed the building.

There are about 200 Korean nationals living in Libya, nearly all of whom are business and government officials.

Korea’s investment and commercial presence in Libya has shot up since the collapse of the Gadhafi regime in October 2011, as Asia’s fourth-largest economy eyes massive construction contracts after nearly a year of brutal fighting ravaged the North African country.

Two-way trade before the Arab Spring in 2011 amounted to about $2 billion annually, but it nosedived in 2011 to about $400 million.

Korean investment nerves were frayed after during the Libyan uprising last year, when rioters stormed a Korean construction site near Tripoli on Feb. 21, 2011, seriously wounding two Bangladeshi workers. Additionally, some 1,400 workers working on 300 different building sites were evacuated at the time.

So, Libyan assurances specifically toward Korean government and business officials may sooth jittery investment nerves as billions of dollars in contracts are on the line.

The Korea Trade-Promotion Agency recently speculated that Korea could corner about $40 billion of the some $120 billion available for the construction of housing, hotels and power plants there. This would be a boon for companies like Daewoo Engineering & Construction and Hyundai Engineering & Construction, household names in the region.

KOTRA said it believes that the energy and construction sectors will become a magnet for post-Gaddafi Libya’s Korean interests.

Korean construction companies have long had global brand recognition, whether for Samsung C&T’s world’s tallest building the Burj Khalifa, which opened in Dubai in 2009, or the Petronas Towers in Kuala Lumpur and Taipei 101 in Taiwan, but Korean construction name brands have particular resonance in the Arab world.

[source: The Korea Herald]
Comments:

Dear Sir / Madam, Good day and hope this email will find you well.

First and foremost, we would like to extend our gratitude and honor for the opportunity of offering our consulting services to a highly regarded, reputable, and proficient organization as your esteemed organization.

Direct Solutions for HR Consulting (KONTA Consulting) is a specialized business management consulting located in Jordan.

We provide our consultancy services to cover locally and Middle East organizations to different industries. We are offering Human Resources Consulting, Recruitment Consulting Services, Business Management Consulting and Professional Training Courses & Development Skills with a very high standards of quality, as well as we assist our clients to achieve and award ISO Certification.

Our target is helping top executives to make a difference in their decisions, and achieving the results they desire. We guide our clients' steps, to an extreme change in their Management Wisdom, Work Philosophy, Outcome Quality, and Customer Satisfaction in order to enrich their Visions and Insights.

We at KONTA are really very interested in providing your esteemed organization with the highest possible standards of Quality in Human Resources Consulting & Development.

For any further information, please do not hesitate to contact us.

Regards.

Dr. Yaser Abu Baker Chief HR Consultants Direct Solutions for HR Consulting (KONTA Consulting) Tel.: +962 6 5699884 Telefax:+962 6 5699880 Mob: +962 79 9281380 +962 79 5270367 Office Mob:+962 799 497030 P.O. Box 923334 Amman 11192 Jordan. Email:yaser@kontaconsulting.com Website:www.kontaconsulting.com

Human Resources Consulting Services
5 yearss ago

Dear Sir, Greetings from Al Manzel International. Al Manzel Int young & dynamic recruitment consultancy is focused on providing complete talent management & staffing solution and we supply professional skilled unskilled worker from Pakistan.

Al Manzel International Vision is to help clients achieve their business objectives by providing them with world class recruitment solutions through our qualified management Our Services is authorized by Governments of Pakistan Regards, Azam Khan, MD Office No: +92-62-2443847 Fax No: +92-62-2441847 Mobile UAE: +971-50-7613855 Mobile No +92-342-7380847 Email info@almanzelint.com

Al Manzel International (OEP ) Oversaes Employment
5 yearss ago

The Korea Trade-Promotion Agency recently speculated that Korea could corner about $40 billion of the some $120 billion available for the construction of housing, hotels and power plants there. This would be a boon for companies like Daewoo Engineering & Construction and Hyundai Engineering & Construction, household names in the region. and, the energy and construction sectors will become a magnet for post-Gaddafi Libya’s Korean interests. good optimistic news :)

Khaled Montasir
5 yearss ago

News Releases

News Releases
Released:  19/09/20122012-09-19
Word count:  268

Following on from the success of the sell-out Libya Oil and Gas Summit 2012 in Rome, the organisers International Research Networks and Oliver Kinross are jointly holding the International Infrastructure and Construction Libya Summit 2012. This will be held on the 7th and 8th November in Istanbul.

Play
Mina Monir - Chief Editor of Libya Business TV
This Summit will include a conference and exhibition and bring together senior Libya Government Ministers and senior representatives in the fields of Transportation, Communications, Urban Development, Power, Construction and Health with global international companies with an interest in Libya.

Following the successful transition of a new Libya Government and the announcement of investments in several infrastructure and construction projects, Libya has become a desirable country to invest in.

This Summit will be a unique platform for the Libya Government and Infrastructure leaders to update global investors about the needs of the industry and networking opportunities for those interested in partnership and project opportunities in Libya. The Summit will cover different sectors according to specialisations.

It will also include presentations, panel discussions from experts as well as several networking breaks and a gala dinner.

Examples of current speakers include:

• Mohamed Faiz El Abbar, Chairman, Housing Infrastructure Board (HIB) Libya

• Dr Khairy Agha, Chairman, Renewable Energy Authority of Libya (REAOL)

• Dr Ahmed Shaibi, Deputy Chairman of Projects and Planning, General Electric Company of Libya (GECOL)

• Mayhoub Rafa Al Mayhoub, Manager, Urban Planning Authority Libya

• Taher Siala, CEO Infrastructure Investment Fund, The Libya Investment Authority

• Nouri Sadeq Mohammed, Airports Projects Manager, Transportation Project Board

• Khaled Ben Otman, Chairman, Libya Businessman’s Council

• Jonathan Robinson, Head of Project Finance, MENA HSBC

For more speakers and further details please see the following link on www.libyaconstruction2012.com/. To request an agenda or for any queries please contact: info@libyasummit2012.net +44 207 125 0343

To keep yourself posted about any further updates please subscribe to Libyabusiness.tv

for any enquiries please contact us on mina@libyabusiness.tv

Comments:

Business News

Business News
Released:  19/09/20122012-09-19
Word count:  253

Former UK Ambassador to Libya, Richard Northern, will visit East Yorkshire later this month to speak about business opportunities available in the North African country.

Play
Hull Daily Mail
Mr Northern, who will present a talk entitled Rebuilding Libya: Prospects For Business, will be joined by Alan Fraser, Africa and Middle East Specialist at risk management company AKE Group Ltd, for the World Trade and One event at Two Humber Quays, Hull.

The event is open to businesses from across Yorkshire and Humber and has been organised by the International Trade Centre of Hull and Humber Chamber of Commerce and corporate travel company Good Travel Management.

Kevin Harrison, managing director of Good Travel Management, will also speak at the event about a trade mission the company will be sending to Libya early next year.

Mr Harrison said Libya was very much "open for business" and was in need of the skills UK companies could offer as it undergoes reconstruction following last year's bloody civil war.

He said: "There are many areas of the economy in which British firms can have an impact.

"Opportunities exist in a range of other sectors.

"It is through events like World Trade @ 1 and the trade mission we are organising that we can help Yorkshire businesses unlock the potential there and benefit from the opportunities available."

Pauline Wade, director of the International Trade Centre of Hull and Humber Chamber Of Commerce, said with a post-conflict programme estimated to be worth about US$200bn, now was the time for UK businesses to get involved.

The seminar costs £20, including lunch, and is being supported by Barclays Bank. It will take place at the offices at noon today.

[Hull Daily Mail]
Comments:
Find out what contracts are on offer in Libya
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