INTERNATIONAL. The war in Libya has been under way for months, without any indication of when it might end. Libyan leader Moammar Gadhafi’s faction has been stronger and more cohesive than imagined and his enemies weaker and more divided.
This is not unusual. There is frequently a perception that dictators are widely hated and that their power will collapse when challenged. That is certainly true at times, but often the power of a dictator is rooted in the broad support of an ideological faction, an ethnic group or simply those who benefit from the regime.
As a result, naive assumptions
Posted: April 19, 2014
LIBYA. Abdulmagid Breish, the chairman of Libya's US$66 billion sovereign wealth fund, said it plans to hire external companies to manage about US$11 billion of its assets under a restructuring plan.
Posted: April 16, 2014
Libya. The central government reached an agreement with some rebels earlier this month to open the Hariga and Zueitina oil terminals, which have combined capacity of 180,000 barrels a day.
Posted: April 11, 2014
INTERNATIONAL. Down 550,000 barrels per day from February on Saudi, Iraqi and Libyan cuts, according to the latest Platts survey of OPEC and oil industry officials and analysts.
Posted: April 10, 2014
INTERNATIONAL. OPEC foresees gradual increases from Iraq and Iran, while Libya is capable of boosting output by as much as 1 million barrels within a month, Secretary-General Abdalla El-Badri said.
Posted: April 4, 2014
LIBYA. The prospects for a recovery in oil exports moved closer after rebels said they agreed in principle with the government to allow a resumption.
Posted: April 1, 2014
LIBYA. The Libyan Investment Authority said in a US$1.5 billion lawsuit that Societe Generale SA paid about US$58 million to a friend of the Qaddafi family to secure investments.
Posted: March 11, 2014
INTERNATIONAL. Production climbed by 240,000 b/d following a surge in Iraqi exports and despite new setbacks in Libya, a just-released Platts survey showed.
Posted: February 16, 2014
INTERNATIONAL. A short term focus on political and security concerns has stood in the way of the structural reforms needed for growth and stability.
Posted: January 7, 2014
INTERNATIONAL. Libyan armed forces warn oil tankers away from seized ports; Violence in Iraq sparked concern about supply; Freezing weather threatens to curtail U.S. oil production.
Posted: December 17, 2013
LIBYA. A Libyan rebel leader refused to hand over control of three oil ports to the government, keeping a lid on the North African nation's crude sales.
Posted: December 10, 2013
INTERNATIONAL. Output from Saudi Arabia fell to a five-month low of 9.63 million barrels a day last month from 9.71 million in October, according to OPEC's monthly report.
Posted: December 8, 2013
UAE. "As these countries have implemented new tax regimes and expanded their commercial laws relating to inward investment in recent years, businesses will be taking a closer look at where they can capitalize on these changes."
Posted: December 5, 2013
INTERNATIONAL. A new research report by Jones Lang LaSalle on Africa, reveals that, as the world's most rapidly urbanising continent, the Sub-Saharan African commercial real estate market is primed for a "once in a lifetime" positive growth opportunity.
Posted: December 5, 2013
INTERNATIONAL. "We have rolled it over,' Saudi Arabia's Oil Minister Ali al-Naimi told reporters at the end of three hours of closed-door talks in Vienna. "We are all satisfied."
Posted: November 13, 2013
INTERNATIONAL. Increased output in October from Iraq and Libya of 360,000 b/d was almost completely offset by reductions totaling 340,000 b/d, of which the biggest single cut was from Saudi Arabia.
date:Posted: April 17, 2014
KUWAIT. According to a newly released report by Kuwait Finance House Research, the global sukuk market saw a modest volume of US$31.14 billion in new sukuk issuances in 1Q2014. This volume represents a drop of 9.82% compared to US$34.53 billion worth of issuances in 1Q13.
date:Posted: April 16, 2014
INTERNATIONAL. The WGC pointed out that the Chinese bank savings amount to US$7.5 trillion but only about US$300 billionn is allocated to gold, signifying the potential for gold demand to grow as Chinese wealth climbs.