Eni SpA has reported that its first-quarter profits rose 42% due to increased production in Libya.
Oil and Gas Summit in Rome, session on Libya
The Korean Trade-Investment Promotion Agency (KOTRA), has reported that Korea is intending to restore its distinguished business activities in Libya again.
The Libyan capital Tripoli is going to be the destination of many international companies for hosting the Libya Build 2012 conference.
Libya hosted a major oil and gas conference in Tripoli striving to reach and exceed its pre-civil war oil production levels with the help of foreign firms. VOA's Ndimyake Mwakalyelye reports.
The Italian air company Alitalia has declared it is launching two weekly flights between Rome and Tripoli from June.
In an official statement, the Libyan National Oil Corporation )NOC( declared that Libya’s oil income has exceeded 12 billion dollars in the first quarter of 2012.
14 April 2012. Canada has made a voluntary contribution to the OPCW of CAD 6 million (€ 4.53 million) for the Organisation to support the Libyan Government's efforts in resuming and completing the destruction of its remaining stockpile of chemical weapons.
An official visit to Libya was paid by the US-Libya Business Association (USLBA) delegation headed by US Assistant Secretary of State for Economic and Business Affairs Jose Fernandez to Libya between 20th and 28th of April.
Under the authority and support of the Libyan National Transition Council (LNTC), Tripoli hosts the Infrastructure Libya 2012 conference between 23rd and 26th of April.
In a conference held in Tripoli on Monday, the Libyan Oil Minister Abdul Rahman Ben Yazza stated that Libyan oil production has increased to about 1.5 million barrels per day (bpd) and that Libya hopes to reach the pre-conflict levels of production by mid-year.
The Libyan British Business Council (LBBC) concluded a successful visit to Libya from 15 to 19 April.
Al Jazeera eng. TV, April 6, 2012
In a visit to Abu Dhabi on Tuesday, the Libyan Minister of Economy Ahmed al-Koshli declared that Libya is setting up a new law that protects foreign investors in Libya and provides them with electronic business services.
Libya has requested the handover of Muammar Gaddafi's intelligence chief after his capture in Mauritania. Al Jazeera's Nicole Johnston reports from Tripoli.
A Libyan delegation has offered a bundle of 3 billion dollar projects to be implemented by Egyptian companies during the coming two months. The offers were made during the Libyan contribution to the Cairo Metal Industries conference.
Even when Libya's economy begins to recover with an oil industry which is resuming its production levels. The population can't see reflected this boom on their pocketbooks, by contrast, they have to resist the loss of government support and the high cost of living. teleSUR
Meeting with four women, during the Progressive agenda for a new Arab world, Tunis, March 30th 2012: Rowyda Omar (Democratic Transition EDA, Egypt) Farida Elallagi (National Consortium of Libyan women) Amal Al Yusuf (Al Wefaq Political Society, Bahrein) Samira Qasem Al-Fuhidy (Yamaniya newspaper Equal Citizenship, Yemen)
Libya’s Bank of Commerce and Development (BCD) has agreed to sell a 49 percent stake in itself to the Qatar National Bank (QNB) for an undisclosed amount. The decision was made by BCD shareholders at an extraordinary general meeting held in Benghazi yesterday.
Ali Shareef Al-Emadi, QNB Group CEO said the deal was in line with the company’s strategic plan of international expansion in selected and promising markets, of which Libya was clearly one.
“The QNB group looks forward to increasing fields in the Libyan market which is anticipated to record healthy growth rates, paving the way for a wide range of banking services in partnership with the BCD.”
Privately-owned BCD was set up in 1993 but did not begin operations until June 1996. Headquartered in Benghazi, it now has 32 branches throughout the country with 820 staff a network 82 ATMs.
QNB’s first foray into North Africa was the representative office it opened in Tripoli in 1996. It has offered banking facilities to major Libyan corporate and financial institutions, promoting in particular operations to Europe using the QNB branches in Paris and London.
QNB has branches, subsidiaries or associate institutions in 25 countries. It employs some 7,000 staff, supplying an array of global standard banking services through 335 outlets with an ATM network of more than 650 machines. QNB has been a regular winner of international awards, including the leading bank in the Middle East and North Africa (MENA) and most recently among the top 50 safest banks in the world. [Source: Libya Herald]
Serious steps have been taken by the newly elected Russian President Vladimir Putin and the Libyan National Transition Council to restore the Russian-Libyan economic cooperation.
He added that, in his view, the best way to achieve this was to develop Russia’s own economy, so that cooperation with Russia became “attractive” and did not depend on “regime changes in any countries.” According to Bloomberg, Libya bought 50,000 metric tons of Russian-grown wheat on international markets, Paris-based farm adviser Agritel reported on its website today, without saying where it got the information. It is expected that new contracts in the energy sector will be signed soon between the two countries.