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Home Investment

LIA First-Half Profits Over $2 billion

3rd September 2013
in Investment
LIA First-Half Profits Over $2 billion
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The Deputy Governor of the Central Bank of Libya has announced that the Libyan Investment Authority (LIA) made a profit of $2-2.25 billion in the first half of 2013, according to a report from Libya Investment.

The sovereign wealth fund valued its investment portfolio at $64 billion in 2010.

The Deputy Governor said Libya needs a sovereign fund at around $250 billion to ensure the country is not totally dependent on oil revenue.

(Source: Libya Investment)

Tags: Central Bank of LibyaLIALibyan Investment Authority

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