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Released:  06/02/20142014-02-06
Word count:  257

Studying abroad and learning English featured at this week’s Education and Training Fair at Tripoli University.

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Libya herald
Several Tripoli-based English language schools were represented, including the Oxford English Academy and the Janzour School. Both schools also offer students opportunities to study abroad. A teacher from the Janzour School, Rasha Ben Saleh, said that the institution was getting a lot of interest in pilot training programmes and engineering MScs at Maltese academies. English, however, remained the most popular subject. “People nowadays are really interested in learning English,” Ben Saleh said. “Most of our students have quite a low level of English to start with but they are very enthusiastic and willing to learn.” There were several colleges based in the UK there, including the Oxford Business College. “It is a delight to be here and the response has been overwhelming,” college director Padmesh Gupta told the Libya Herald. “People have been telling us they want to go abroad to learn English and then return to Libya to make a contribution.”

The college has also signed a contract with the Ministry of Labour to take 200 students, who are expected to start English language courses in Oxford in April. However, after their visit had shown how many opportunities there were in Libya, Gupta said, the college was thinking of opening a institution in Tripoli.

The Canadian School in Libya was there, as was a new Canadian school, the Libcan Academy, which opens next week. Initially offering short courses, including English language, for adults, the school plans to open for primary school children in September.

The fair, which ended today, was sponsored by the Ministry of Higher Education.
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Business News

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Libyan Italian cooperation agreement in the field of maintenance and restoration of monuments.

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Libyan investment
An agreement for cooperation in the field of maintenance and restoration of monuments was signed in Italy on the exchange of experiences and organizing a training course for a number of elements working in the field of archeology for three years.
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Oil & Gas News

Oil & Gas News Business News
Released:  06/02/20142014-02-06
Word count:  321

Austrian oil and gas group OMV's production in Libya has recovered sufficiently to support its full-year output target if it continues at current levels, its chief executive said.

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Trade Arabia
Gerhard Roiss said production in the war-torn country had been between 50 and 75 per cent of pre-war levels since the start of the year, and reaffirmed OMV's 2014 production target of 320,000 to 340,000 barrels of oil equivalent per day.

"With this range, we have enough leeway," Roiss told business journalists in Vienna on Wednesday. "We cannot manage the risk in Libya. Therefore we have invested in regions we believe to be more predictable."

Libya constituted about 10 per cent of OMV's total production before its 2011 civil war. Protesters have been blockading eastern oil ports for the past six months and production at some oil fields has also been disrupted.

OMV is investing in new fields in the Black Sea and the North Sea to balance the risk of its operations in politically unstable countries including Libya, Yemen and Iraq.

In August, it made the biggest investment in the company's history with the $2.65 billion acquisition of stakes in North Sea oil fields from Norway's Statoil.

OMV is also scaling back on downstream activities such as filling stations and refineries in a difficult European market for gas, which is struggling to compete with heavily subsidised renewable energy sources and cheap coal.

Roiss said OMV's refining margin, a key measure of profitability for the company, was not yet showing signs of recovery from last year's historic lows. "Q4 was very bad in Europe. I don't see any improvement yet in Q1," he said.

OMV's gas-trading unit EconGas has been helped, however, with the renegotiation of a long-term gas-supply contract with Russia's Gazprom. The two parties came to an interim agreement in December after months of talks.

Roiss said the temporary agreement, backdated to April 1, 2013, was still linked to oil prices, which have outpaced gas prices. "It has substantially improved but we're not where we want to be," he said.

OMV shares were up 0.8 per cent to 31.58 euros by 1141 GMT, outperforming a flat European oil and gas index. – Reuters
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Business News

Business News
Released:  05/02/20142014-02-05
Word count:  124

A group of Tunisian businessmen were this week in Misrata to investigate the potential for business and setting up operations there.

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Libya herald
They were accompanied by Tunisia’s ambassador to Libya, Redha Bukadi, and a delegation that included the Embassy’s Commercial Attaché, Lutfi Shalli, and the Foreign Affairs Attaché in charge of Economic Matters, Fareed Almashriqi.

The group was received by the President, the General Manager and members of the local Libyan Businessmen Council. It visited Misrata Free Zone where it was briefed on how it operates as well and the facilities and privileges granted by the Free Zone to investors.

The delegation also visited the industrial zone and in particular private sector factories in the field of paints and coatings. During the visit, a number of potential investments as well as aspects of cooperation, trade exchange and ways to strengthen economic ties were discussed.  
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Business News

Business News
Released:  05/02/20142014-02-05
Word count:  153

Libya has instituted a court action against US financial group, Goldman Sachs, in a bid to recuperate funds, estimated at more than US$ 1 billion, and to seek the reimbursement of premiums that the government paid to the bank for its services, PANA reported from the Libyan capital

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African manager
In a communique issued Monday, the Libyan Sovereign Fund said it had taken the matter to a London High Court to obtain the cancellation of the transactions and the reimbursement of parts of the investment that allowed the US bank to realize important benefits to the order of US$ 350 million on the said transactions.

The Libyan Fund accused Goldman Sachs Bank of having encouraged it to invest in transactions without any interest for it.

The Libyan Fund, created in 2006 to manage the oil revenue of the country, also accuses the US bank of taking advantage of the little experience of its officers to have them enter into “insufficiently documented transactions.”

According to the Fund, that is worth US$ 60 billion, the US bank exploited “the weakness of the Libyan investment power to encourage it to take shares in Citigroup and Electricite de France (EDF) in a bid to realize benefits estimated at US$ 1 billion.  
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Released:  05/02/20142014-02-05
Word count:  243

GIALO, LIBYA, Feb. 4, 2014 -- A 600 m3/day reverse osmosis (RO) water plant, provided by Zulal Water Technology (Zulal), was recently commissioned at Waha Oil Company's (WOC) Gialo field located in Tripoli, Libya.

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Water world
The Gialo plant is part of a wider EPC project awarded to Zulal in 2013 to replace WOC's existing GE-Ionics plants at Gialo, Waha Waha and Es-Sider fields. Zulal has been working at all three sites concurrently in an effort to execute the project in the shortest timeframe possible and expects to commission the remaining two plants during the first quarter of 2014. Likewise, the faciity was completed in only nine months on a full turnkey basis.

The scope of works included civil works; water plant building; electricals; design, installation and commissioning of the RO plant; tie-ins; and provision of stand-by equipment. The RO plant was manufactured in the Netherlands to the highest standards using the latest technologies and components, and extensive training has been provided to WOC engineers in both Amsterdam and at site. Further, the plant is producing excellent quality of water and should provide the people at Gialo field with a reliable supply for many years to come.

About Zulal Water Technology Zulal Water Technology is a Libyan registered Company with headquarters in Tripoli, primarily focusing on turnkey Libyan Water & Waste Water solutions. The company engages in an effective team process with its clients, to incorporate their requirements and technical needs, when working on a project keeping in view the Libyan conditions. It offers a complete turnkey package inclusive of design, planning installation and commissioning together with full operation and maintenance for all our plants. For more information, visit www.zwt.ly/
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Global Aviation & Services Group (GASG) and SkyLink Aviation Inc. has signed an agreement on combining SkyLink’s global reach and GASG’s local expertise and experience, to build and enhance aviation related business in Libya.

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Libyan investment
SKYLINK brings over 25 years aviation experience in 75 countries doing airlift, passenger and cargo charters, medical evacuation, ground operations in remote sites and camp management, aircraft fuel supply of JET A1 and AVGAS.

Global Aviation and Service Group (GASG) a privately owned airline, proudly completed its 10 years of operation meeting all applicable standards and acquired its first LIBYAN Air Operator Certificate on January 4, 2006 ( A.O.C ) as an international cargo and passenger airline. GASG is currently operating from Tripoli to Ostend, Dubai and Istanbul to provide dependable, comfortable and safe air transportation to its clients, along with aviation related services.

SkyLink’s President & CEO Mr. David Dacquino said, “We are very proud to work side by side with the Global (GASG) team in this important national air transportation initiative which is key to attracting international business & Investment to Libya.”

GLOBAL’s Chairman Capt. A. Aradi said, “The relationship with SkyLink spans at least a decade and our combined capabilities will bring vital aviation services to the new Libya. This completely changes the level of quality and safety.”

SkyLink’s Senior Vice President of Operations & Project Support Mr. Praskash Noronha added, “I am very excited that after a decade of being involved personally with aviation services in Libya, we will achieve this upgraded standard which will be extended to the commercial & oil & gas industry critical for new Libya’s growth.”  
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Business News

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Released:  04/02/20142014-02-04
Word count:  102

Maltese engineering services company Motherwell Bridge has been appointed representative in Libya and Malta for German tool-maker Hoffmann Group.

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Libya herald
For Hoffman, which last year increased its turnover last year by 10 percent to almost €1 billion, this is its first venture into the Libyan market.

Under Libyan regulations, non-Libyan firms cannot act as agents for a foreign company. However, that does not apply in this case as Motherwell Bridge, through its involvement in Malta-based Hili Company, has a local Libyan partner and a local office in Janzour.

Munich-based Hoffmann makes some 55,000 different types of tools and machinery from small screwdrivers to highly specialised industrial and pharmaceutical tools and workshop accessories. The company sees Libya as a “market opportunity” which it wants to develop.
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Business News

Business News
Released:  03/02/20142014-02-03
Word count:  80

Tripoli Food & Pack Show is a premier trade fair for food and food technologies and packaging machinery industry in Tarabulus. The event provides the unique opportunity to meet all the professional form related industry under one roof.

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Exhibitor Profile

Profile for exhibit includes Meat & Meat Products, Alcoholic & Nonalcoholic, andy Products, Oil & Oil Products, Chocolate, Biscuits, chewing gum & Gofret Products, Vegetables & Natural Products, Milk & Dairy Products, Fish & Fish Products, Raw materials & semi-products of Article, Packaging Materials, Packaging & Packaging Accessories, Packaging Machinery & Equipment, Food Packaging, Packaging Production Machines.

Venue Information Tripoli International Fairground Omar Muktar Street Tripoli, Libya

Organizer Senexpo International Fairs Inc.

Hurriyet Mah. Dr. Cemil Bengu Cad. No. 103, K.1 D.1 Turkey

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The Ministry of Transport has invited the private sector to participation in establishing a public bus system.

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Libya herald
Speaking at a seminar organised last Wednesday in Tripoli by the Tripoli Chamber of Commerce, Abdulrizag Al-Houd, Deputy Transport Minister for Roads and Land Transport made a presentation on a proposal for a private sector or a PPP nationwide public bus transport system.

The seminar on Libya’s land, air and maritime transport sectors was attended by the three Deputy Ministers for Land, Air and Maritime Transport, members of the Chambers of Commerce, the business community and specialists in the various transport sectors.

The aim of the seminar was to identify the barriers to the improvement of Libya’s transport sector and provide suggested solutions in line with the country’s target to diversify its economy away from the hydrocarbon sector and through the private sector.

During his presentation, Deputy Transport Minister Al-Houd said that it was very important that there is “an introduction of a public transport culture” that had been missing in Libya for decades. However he was stressed that public buses did run successfully in Libya even in the early 1970′s. Al-Houd noted that in many other countries it was the private sector that invested in public transport, and therefore there was no reason why this could not be replicated in Libya.

The Minister said that his Ministry is proposing a pilot project of a public bus system in one of Libya’s cities. This proposal was based on an extensive study based on visits to numerous countries and bus factories in order to gather information.

Al-Houd noted that if Libya was indeed to host the 2017 African Cup, initiating a public bus system was an important target. Answering comments from the participants, the Deputy Minister agreed that a good public bus system needed a good road system, however he felt that Libya could not wait for either to be fully developed first, but had to push ahead on all fronts simultaneously.

Participants highlighted the need for a total transport system which needed to start with master planning, which needed to cover all land, air and maritime transport, if Libya was to leverage its transport infrastructure in order to activate a diversified economy to augment its hydrocarbon sector.

In conclusion it was decided to create three specific committees; land, air and maritime transport committees to liaise with the Ministry of Transport on moving the sector forward.
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Business News

Business News
Released:  03/02/20142014-02-03
Word count:  337

Irish live sheep exports almost doubled to approach 70,000 head in 2013, and the new market of Libya is proving key. This is according to Declan Fennell, meat division of Bord Bia.

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Agriland
Seventy per cent of this trade was destined for the EU, he outlined in its latest Food Alert, with Germany (16,137 head), Italy (11,108 head) and France (10,964) being the core markets. In a new development in 2013, Ireland exported 21,400 live sheep to the North African market of Libya, which is proving a key for this market, he said.

In the context of EU live sheep exports, a total of 1.2 million head were exported in the first eight months of 2013. This live trade was dominated by Romania (781,000 head), Spain (295,000 head) and France (31,000 head), with Ireland emerging as the fourth largest EU exporter, he added.

“The vast proportion of live trade to these non-EU markets consisted of adult sheep, mainly culled ewes. It is understood that the vast majority of live exports are for immediate slaughter, hence the heightened demand around the Muslim festivals such as Ramadan.”

The Bord Bia expert noted that in the past two years, there has been a major shift in trade, with EU live exports to Turkey almost ceasing. “Instead, it is now Libya which is driving EU exports. Interestingly, demand has surged in Libya since the fall of the Gaddafi regime in 2011. Back in 2009, almost 29,000 live sheep were exported into Libya; this compares to a staggering 845,000 head in the period January to August 2013.”

With a clear shortage in domestic production relative to market demand, Libya has emerged as an important market for the EU, he said. “However, one word of caution should be noted on a growing instability and turmoil in this market. With a reduction in oil exports, the economy is undergoing severe pressure to curb current spending and public sector employment. It remains to be seen how it will impact on trade.”

Libya was a valuable market for Irish live cattle exports in the past, taking 81,420 cattle valued at more than €70m in 1995. However, in 1996 Libya banned beef imports from the EU because of the BSE outbreak. Its ban was lifted last year and trade with Ireland once again commence after a 17-year gap.
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Business News

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The General Company for Electricity (GECOL) for extension of the period presentations referred

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General Electricity Company of Libya (GECOL)
The General Company for Electricity (GECOL) for extension of the period presentations referred to below by asking open tender on :

the establishment of seven (7) fuel tanks in each of the stations Benghazi north - Musrata - Alkhums - Alhira and until the date of 15.02.2014  
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bernard butty
8 months ago

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bernard butty
8 months ago

News Releases

News Releases Business News
Released:  31/01/20142014-01-31
Word count:  224

KARACHI: Welcoming the offer of investment in Pakistan by Libya, Finance Minister Ishaq Dar said that the huge market and potential in Pakistan presents a unique opportunity to investors and assured of transparency and zero tolerance for corruption.

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Daily times
He stated this during a meeting with Libyan Foreign Investment Company Managing Director Khaled Amr E Algonsel at the Finance Ministry on Thursday. During the meeting they discussed issues of bilateral economic interest. The finance minister said, “Pakistan and Libya enjoy close relations and there was a great potential of expansion of trade between the two countries.”

The Libyan delegation evinced keen interest in making further investments in Pakistan specially in public sector entities being disinvested by the government of Pakistan.

The Libyan delegation also praised the financial sector in Pakistan was very developed and therefore desired that the Libyans be trained in this field by institutions in Pakistan.

The finance minister welcomed the interest shown by the Libyan government in making investments in Pakistan and said that the government was prepared to impart training to improve the capacity of Libyans in the financial sector. He further said that Pakistan had embarked on a plan to impart skills for use of its manpower according to the specific requirements of Middle East including work on transmission lines and oil industry.

The meeting was also attended by Pak-Libya Holding Co (Pvt) Ltd Chairman Bashir Blkasm Omer, MD/CEO Abid Aziz, D MD Khalid St Benrjoba, Adviser to Finance Division Rana Asad Amin, Finance Secretary Dr Waqar Masood Khan and senior officials of the Ministry of Finance.
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Contract News

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France-based telecommunications company Alcatel Luscent has been awarded a $58 million contract to install a high-speed underwater broadband cable between Benghazi and Tripoli.

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Libya herald
The undersea cable will run from Tripoli to Benghazi with two additional onshore ‘terminals’ in Ajdabiya and Misrata, promising a broadband capacity of up to ten terabytes. It will be buried at a depth of one kilometre and should provide necessary foundations for the introduction of mobile broadband and high-speed internet access. The joint project between Alcatel Luscent and the Libyan International Telecom Company should be completed in the next 16 months.

Deputy Minister for Communication Mohammed Bilrasali told the Libya Herald that the new cable would address the “data tsunami” expected to follow the implementation of internet broadband. “This is a very important project for the Libyan ICT sector, which will provide the backbone for a national network,” he said. “It will also link the two international information gateways in the east and in the west.”

Bisrasali said the Ministry of Communications was very happy to be working with Alcatel Luscent, describing it as “one of the leading companies in submarine cable technology.” The French company has previously worked in Libya installing a similar underwater line between Khoms and Misrata.

He added that finalising the deal had taken a year, during which Alcatel Luscent had seen off competition from Chinese, Japanese and American companies.

This is the latest step being taken by the Ministry of Communications to modernise the country’s infrastructure and provide better internet and telecoms services. New contracts for upgrading the country’s mobile networks for on-the-go internet are also expected to be announced soon.
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Oil & Gas News

Oil & Gas News Business News
Released:  30/01/20142014-01-30
Word count:  81

VIENNA (Reuters) - Austrian oil and gas group OMV said production in Libya resumed at the start of 2014 after disruptions due to port blockades, and levels were now in line with its guidance.

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Yahoo news
Production in the fourth quarter was roughly flat compared with the third quarter at 277,000 barrels of oil equivalent per day (boe/d).

OMV said on Thursday that its EconGas gas-trading unit was profitable in the quarter, thanks to an interim agreement on its long-term gas-supply contract with GazProm.

OMV said it would take net special charges of 190 million euros in its fourth-quarter operational result, mainly due to a German gas-storage impairment, plus a 120 million-euro charge for the writedown of financial assets.

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bernard butty
8 months ago

News Releases

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Released:  30/01/20142014-01-30
Word count:  222

A Dale Carnegie centre has opened in Tripoli and is now offering its first courses to the public, with plans to start training for corporate clients in the near future.

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Libya herald
CEO of Dale Carnegie in Libya, Khaled Elaghel, acquired the franchise for the training company in March 2013 and expects to soon have between four and six local trainers working at the centre. Dale Carnegie plans to offer a range of training, including in sales skills, presentation techniques and management. Elaghel, who worked as a medical supplies importer before the revolution knew, from his own experience, that the demand for internationally-recognised training was strong in Libya. ”My thinking was that we needed an institute which trains ‘soft skills,’ which Libyans have been exposed to less,” he told the Libya Herald. ”In every field you see different graduates who don’t know how to promote themselves, managers who don’t know how to speak publicly and don’t know how to manage relations between their employees.”

He said he hoped to create a culture that did not need to rely on overseas training for Libyans working for the government or domestic companies.

At the end of the first week, feedback was overwhelmingly positive, Elaghel said. Trainees said they had been exposed to teaching methods and ways of thinking they had never before experienced in a formal educational setting.

Dale Carnegie in Libya is also working on a number of contracts with large corporations in the country which Elaghel is confident will be finalised soon
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Contract News

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Upgrade to 10,000km subsea system linking South Africa to Sudan will further boost ultra-broadband capacity and strengthen onward connectivity between eastern & southern Africa and Europe, the Middle East and Asia.

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alcatel-lucent.com

Paris, January 22, 2014 — Alcatel-Lucent (Euronext Paris and NYSE: ALU) is to upgrade the EASSy submarine cable system, one of the largest and most modern systems serving Africa, with the deployment of the latest 100 gigabit-per-second (Gbit/s) technology.
Alcatel-Lucent‘s 100G technology will enable the system to ultimately carry capacity in excess of 10Tbit/s, further complementing its ability to carry high volumes of data capacity on the EASSy system, which runs 10,000km from South Africa to Sudan, in support of the continued explosion of data traffic in Africa.  Alcatel-Lucent will leverage its unmatched experience of deployments around Africa to provide this upgrade within EASSy’s requested timeframe.
EASSy is owned and operated by a group of 17 African and international shareholders - all telecommunications operators and service providers. The system is implemented in a protected ring configuration linking eight countries from Sudan to South Africa, via Djibouti, Kenya, Tanzania, Madagascar, Comores and Mozambique. Landings are located in Port Sudan, Djibouti (Djibouti), Mombasa (Kenya), Dar Es Salaam (Tanzania), Moroni (Comores), Toliary (Madagascar), Maputo (Mozambique) and Mtunzini (South Africa). The system also addresses a wide range of international destinations through interconnection with multiple international submarine cable networks for diverse, seamless onward connectivity to Europe, the Americas, the Middle East and Asia.
Chris Wood, Chairman of the EASSy Management Committee said: “Since EASSy entered service in 2010, we have seen enormous growth in demand for capacity on the system, reflecting the service quality and reliability that we have been able to offer. This upgrade will add an additional 400Gbps of capacity throughout the system, using Alcatel-Lucent’s advanced coherent 100Gbit/s technology, and enables us to take a further step in offering our customers the ultra-broadband capacity needed for innovative services and applications.”
Philippe Dumont, President of Alcatel-Lucent Submarine Networks, said: “We are pleased to continue our cooperation with EASSy owners following the initial deployment and subsequent upgrades to higher speeds. With staged upgrades until now, this latest upgrade using our 100Gbit/s technology confirms Alcatel-Lucent as the leading innovation partner to address evolving connectivity needs over time whilst meeting the low-latency and the resilience requirements that our customers demand.”
About the Alcatel-Lucent solution
The Alcatel-Lucent solution is based on the 1620 Light Manager (LM) submarine line terminal equipment using coherent technology at 100Gbit/s to provide the most efficient use of the available optical spectrum. The 1620 LM offers optimal scalability and flexibility thanks to its use of Alcatel-Lucent’s advanced coherent technology, which also incorporates the latest Soft Decision Forward Error Correction (SDFEC) technology to provide highest ultimate capacity at the same time as lowest cost per bit. Additionally, Alcatel-Lucent’s technology offers multi-vendor adaptability. With more than 100 upgrades completed over the years, Alcatel-Lucent’s field-proven submarine technology offers carriers, service providers, multi-media and content providers a seamless path to expand their networks in an efficient and cost-effective way thanks to the 1620LM’s compatibility with the latest state-of-the-art technology without modification to the existing hardware infrastructure.
More about EASSy
About EASSy – Description: external linkwww.eassy.org

EASSy is based on a two-fibre-pair “collapsed ring” configuration, providing traffic protection in the event of branch cable cuts or equipment failures - delivering a high degree of robustness, high reliability and low outage time. It interconnects with multiple submarine cable and terrestrial fibre-optic networks for onward connectivity into Africa, Europe, the Americas, the Middle East and Asia. In related projects, investors in the EASSy system, and others, continue to extend connectivity inland via terrestrial fibre networks that link coastal and land-locked countries to the cable.

EASSy is owned and operated by a group of African (92%) and international (8%) telecom operators, namely: Botswana Fibre Networks, British Telecom, Comores Telecom, Etisalat, Orange, Mauritius Telecom, MTN Ltd, Neotel, Network i-2-i (Bharti), Saudi Telecom Company, Sudan Telecom Company (Sudatel) , Tanzania Telecommunications Company Ltd, Telecom Malagasy, Telkom SA SOC Ltd, Vodacom (Pty) Ltd, Zambia Telecommunications Company Ltd and WIOCC (comprising Botswana Fibre Networks, Dalkom Somalia, Djibouti Telecom, Gilat Satcom Nigeria Ltd, Seychelles Cable System Company, Lesotho Communications Authority, Libya Post Telecom and Information Technology Company (LPTIC), Onatel Burundi, Telkom Kenya Orange, TDM Mozambique, TelOne Zimbabwe, U-COM Burundi, Uganda Telecom and Zantel (Tanzania)).

ABOUT ALCATEL-LUCENT (EURONEXT PARIS AND NYSE: ALU)
Alcatel-Lucent is at the forefront of global communications, providing products and innovations in IP and cloud networking, as well as ultra-broadband fixed and wireless access to service providers and their customers, enterprises and institutions throughout the world.
Underpinning Alcatel-Lucent in driving the industrial transformation from voice telephony to high-speed digital delivery of data, video and information is Bell Labs, an integral part of Alcatel-Lucent and one of the world’s foremost technology research institutes, responsible for countless breakthroughs that have shaped the networking and communications industry. Alcatel-Lucent innovations have resulted in the company being recognized by Thomson Reuters as a Top 100 Global Innovator, as well as being named by MIT Technology Review as amongst 2012’s Top 50 “World’s Most Innovative Companies”. Alcatel-Lucent has also been recognized for innovation in sustainability, being named Industry Group Leader for Technology Hardware & Equipment sector in the 2013 Dow Jones Sustainability Indices review for making global communications more sustainable, affordable and accessible, all in pursuit of the company’s mission to realize the potential of a connected world.
With revenues of Euro 14.4 billion in 2012, Alcatel-Lucent is listed on the Paris and New York stock exchanges (Euronext and NYSE: ALU). The company is incorporated in France and headquartered in Paris.
For more information, visit Alcatel-Lucent on: http://www.alcatel-lucent.com, read the latest posts on the Alcatel-Lucent blog http://www.alcatel-lucent.com/blog and follow the Company on Twitter: Description: external linkhttp://twitter.com/Alcatel_Lucent.

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News Releases

News Releases
Released:  29/01/20142014-01-29
Word count:  113

British Airways will be increasing its schedule of flights to Libya with a fifth weekly service from London to Tripoli starting at the end of February.

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Libya herald
The first Wednesday flight is scheduled for 26 February, departing from London Heathrow at 9:20 am and arriving in Tripoli at 2:50 pm. The return flight leaves Tripoli International Airport at 3:50 pm and arrives in London at 5:40 pm.

“The flights are scheduled on popular travel days for business customers, and arrive and depart at reasonable times, so they are able to make onward connections,” said British Airways’ commercial manager for North Africa Sarah Cain. She added that the extra service would offer customers greater convenience and flexibility.

From the 26 February, British Airways will fly between Tripoli and London on Sundays, Mondays, Tuesdays, Wednesdays and Thursdays.

Tickets for the additional Wednesday flight are available with immediate effect.  
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Business News

Business News
Released:  29/01/20142014-01-29
Word count:  77

African Manager reported that Poulina Group Holding recorded a significant increase of 21% in revenues during the Q4 of 2013 compared to the Q4 of 2012: this increase was posted in all the trades that have all performed well during the quarter and even throughout the year 2013.

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Steel guru
Regarding investment, PGH has allocated LYD 95 million for new investments during the year 2013. However, the gap between 2012 and 2013 is justified by the strategic investment on equity in Ennakl in 2012.

In the steel trade, PGH reported the commencement of operations at the end of the year of the new plant of steel tubes in Libya. Moreover, the new building facilities manufacturing plant in China will be completed by year end, (in partnership with European leaders).

Source – Africanmanager.com  
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Business News

Business News
Released:  29/01/20142014-01-29
Word count:  506

Pakistan's Ambassador Designate to Libya, Lieutenant General Javed Zia, while assuring to make all-out efforts to enhance trade ties between Pakistan and Libya, said that Libya is an emerging economy and it offers immense opportunities to Pakistani business community to export various products and services.

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"We must put our act together and need to boldly address issues hindering trade between the two countries and Libya is looking forward to enhance its imports from Pakistan but unfortunately Pakistan has not paid any attention and is looking at other destinations for enhancing its exports", he added.

Speaking at meeting during his visit to the Karachi Chamber of Commerce and Industry (KCCI) on Tuesday, Javed Zia said that most of products being used in Libya are currently imported from various countries including India, China and Turkey whereas Pakistan can also enhance its export and easily penetrate into this huge market.

President KCCI, Abdullah Zaki, Senior Vice President KCCI, Muffasar A. Malik, Vice President KCCI, Muhammad Idrees, Chairman of Fairs, Exhibitions & Trade Delegations, Naveed Farooki, Former Presidents KCCI, Majyd Aziz, Saeed Shafiq and other members of the Managing Committee were also present at the meeting. Commenting on overall security situation in Libya and the concerns raised by KCCI members, he stated that security situation in Libya was not that bad. "If you can do business in Pakistan despite severe security concerns than doing business or visiting Libya should also not be a problem", he added.

Lieutenant General Javed Zia, while referring to 41st Tripoli Trade Fair in the month of April 2014, assured full support to the Karachi Chamber during its participation in this important trade fair, which will certainly create immense opportunities for Pakistani exporters. "Pakistan's Embassy in Libya will certainly facilitate KCCI delegation during its stay in Libya. We will also organize joint meetings of KCCI and its counterparts in Libya on the sidelines of Tripoli Trade Fair in order to create strong business linkages and pave way for improved trade relations", Javed Zia assured.

Stressing the need to revitalise the performance of Pakistani embassies, he said that the Indian Embassies are acting as the hub of trading activities and Pakistan must also do the same. Earlier, while welcoming the Ambassador, President KCCI, Abdullah Zaki informed that Karachi Chamber of Commerce, being the leading chamber of the country, is playing an active role of a bridge between the business communities, governments and various embassies in Pakistan. He hoped that Javed Zia will also maintain close liaison with KCCI and actively work during his tenure as Pakistan's Ambassador in Libya by effectively promoting and marketing Pakistani products, besides facilitating Pakistani businessmen who are willing to enhance exports to Libya.

Vice President KCCI, Muhammad Idrees agreed that there is a huge potential for various Pakistani products including mangoes, rice, oranges, marble and cement etc. Pakistani businesses are capable of seizing a huge share of Libyan market. To further enhance trade, he suggested frequent exchange of trade delegations along with organising single country exhibition, which will help in bringing the business communities of both countries closer. He also asked the Ambassador to promote KCCI's forthcoming 'My Karachi - Oasis of Harmony' Exhibition in Libya and encourage Libyan business community to be part of this event which is scheduled to be held from 20th to 22nd June 2014.-PR
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