Experts gave their opinions at a political and economic business briefing on Libya which was hosted by the Middle East Association (MEA) in London this week. The MEA has been at the forefront of UK commercial engagement with the Middle East and North Africa for over 50 years and has sponsored a number of trade […]
Tag Archives | Economy
Tags: Conference, Economy
Decree Allows Foreign Investors to Enter Joint Ventures in Libya
Libya’s Ministry of Economy has issued a new decree allowing foreign companies to enter joint ventures and open a representative office to study the Libyan market. It is aimed at reorganising and facilitating the process of foreign-local partnership. The decree No. 103 of the year 2012 issued on May 13 is setting out the purposes, […]
Tags: Economy, Joint Ventures
Restoring oil output key to Libya's recovery: IMF
Restoring oil and gas production in Libya is key to rebuilding the country and reviving the economy after an eight-month civil war, the International Monetary Fund said on Monday, while it warned the government's finances remained "precarious." The IMF forecast that Libya's economic activity would recover in 2012 as more oil production comes on stream […]
Benghazi Made Libya's Economic Capital
The Libyans are making full use of their new-found freedom after 42 years under a dictatorial regime when even the slightest protest could get you in trouble and locked into prison. It did not take tens of thousands of protestors in the eastern city of Benghazi long to organise a spontaneous demonstration to express their […]
Libyan Economy to Contract More Than 50% This Year, IMF Says
Libya’s economy will contract more than 50 percent in 2011 after eight months of fighting that paralyzed its oil industry, the International Monetary Fund said. “The conflict has had a severe impact on economic activity heavily dependent on hydrocarbons,” which account for more than 70 percent of output and 95 percent of exports, the fund […]