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Libya

FEATURED REPORT...
Posted: 09-06-2007
LIBYA. According to Phoenicia Group, a leading US-Libyan diversified business and consultancy group and a strategic partner to several multinational corporations in Libya, business confidence has reached an all time high among the Libyan private sector and foreign companies looking to invest in Libya, a result of astute government policies in streamlining the business and legal regulatory framework and government support of private sector and entrepreneurial growth. Ryad Sunusi, Interim President & CEO of the privately-held Phoenicia Group and founder of the Libyan-American Business Coun
Posted: October 11, 2009
UAE. Oil exporters in the Middle East and North Africa region are expected to increase their international reserve positions by over US$100 billion in 2010 as oil prices rebound, the IMF said on Sunday.
Posted: September 24, 2009
INTERNATIONAL. Libyan leader Muammar Qaddafi unleashed a diatribe against the United Nations Security Council saying the five permanent members had created a 'terror council' to punish small nations.
Posted: September 14, 2009
Libya. Libya approved a US$9.86 billion plan to develop and upgrade 24 oilfields as it seeks to boost output.
Posted: September 5, 2009
INTERNATIONAL. Trade deals with Libya played a ;very big part' in Britain's decision to include the Lockerbie bomber in a prisoner transfer deal with Tripoli, a senior British minister acknowledged in an interview Saturday.
Posted: August 28, 2009
Libya. Saif al Islam Gaddafi, Colonel Muammar Gaddafi's son, said he was understandably delighted with the news that Megrahi was to be released on compassionate grounds, but he is now concerned at the 'misunderstandings' that have followed.
Posted: August 22, 2009
INTERNATIONAL. The British government denied on Saturday that there was any business deal between the UK government and Libya on the release of the Lockerbie bomber.
Posted: August 21, 2009
INTERNATIONAL. British Prime Minister Gordon Brown reportedly wrote to Colonel Gaddafi asking the convicted man not be accorded a hero's welcome upon his return.
Posted: August 2, 2009
INTERNATIONAL. Certiport presented the Inspiration Award recognizing visionary leadership in promoting digital literacy to Khaled El Hamedi, chairman of Eng Holding in Libya.
Posted: July 11, 2009
INTERNATIONAL. Punj Lloyd, an Indian engineering company, said a unit won three projects to build commercial and residential properties in Libya.
Posted: June 23, 2009
LIBYA. Libyan consent to a change of control of Verenex is required under the terms of an Exploration and Production Sharing Agreement entered into by a wholly-owned subsidiary of Verenex, its joint venture partner and the NOC.
Posted: June 18, 2009
LIBYA. The World Health Organization (WHO) is sending an expert to Libya to look into a reported outbreak of bubonic plague not far from the Egyptian border.
Posted: June 18, 2009
LIBYA. Libya is pursuing contract revisions with foreign oil companies to retain a larger percentage of revenue. Some new contracts have already been completed.
Posted: June 13, 2009
LIBYA. Gadhafi held talks on Friday with the powerful business lobby Confindustria on trade and possible investments between the two countries. He also met with hundreds of prominent business women.
Posted: June 12, 2009
Libya. Libyan former foreign minister Ali Triki was elected president of the next UN General Assembly session, marking another step for the once-isolated country as it seeks an increasingly larger role in world affairs.
Posted: May 27, 2009
LIBYA. Analysts say deal could face problems with leasing of land, which extends to over 100,000 hectares.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: November 19, 2009
INTERNATIONAL. A majority of investors expects the US Federal Reserve to hold off from raising interest rates until the second half of 2010, according to the BofA Merrill Lynch Survey of Fund Managers for November.
date:Posted: November 19, 2009
INTERNATIONAL. Faber said, considering the size of the stimulus packages and the monetary printing, the US economy hasn't responded well. What have responded well are asset markets but unemployment is horrrible and the typical household is suffering.
date:Posted: November 18, 2009
INTERNATIONAL. The global health industry is worth around US$4.2 trillion. As GCC countries continue to develop world class healthcare systems, they must avoid pitfalls of the developed markets, according to AT Kearney.
UAE. Dubai ruler Sheikh Mohammed Bin Rashid Al-Maktoum tightened the control of the emirate's largest holding company, the Investment Corporation of Dubai.
INTERNATIONAL. This situation gives rise to increasingly positive prospects for gold and other commodities that may ultimately stand in as the world's reserve currency. And there are some pretty hot speculative prospects - Louis' 'best of the best' - waiting in the wings for the market's next big leg down.