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Sharjah’s Crescent Petroleum fill the gaps

United Arab Emirates-based Crescent Petroleum is gearing up for expansion in the Iraqi oil and gas sector and a debut into Libya and Lebanon, its…

November 13, 2012 8:33

Arab Spring states revel in Olympic pride

The Egyptians are keen to show that they too have managed to field a team despite the crises that have convulsed the world's most populous Arab state

July 31, 2012 9:37

BP to resume operations in Libya

Shell to quit fields but says not leaving Libya; BP's Libya role triggered earlier political row over Megrahi; BP says security situation "manageable"

May 30, 2012 1:27

BP resuming operations in Libya – NOC

BP will return to Libya to resume oil and gas exploration work, which it halted last year due to the uprising against Muammar Gaddafi's rule, Libya's state oil company NOC said.

May 30, 2012 12:39

Qatar National Bank Buys 49 Pct Stake in Libyan Bank

Qatar National Bank (QNB), the Gulf state's largest bank, has acquired a 49 percent stake in Libya's Bank of Commerce and Development as part of the Qatari lender's aggressive expansion strategy.

April 15, 2012 2:42

FOCUSED: International Telcos Eye Libya As Elections Near

High incomes, low data penetration give room for growth; War caused hundreds of millions of dollars of damage; “At least three or four" foreign firms interested; Authorities say local operators' shares to be listed; But no policy decisions before June elections

April 7, 2012 1:40

Cash-strapped Libyans ransack Istanbul consulate

Turkish police detained more than two dozen Libyans after they occupied and ransacked the Libyan consulate in Istanbul on Friday to protest at a lack of financial support from their government while in Turkey for medical treatment.

March 24, 2012 3:39

Libya 2012 budget spending to reach 68.5B Dinars

Libya's government budget provides for up to 68.5 billion dinars ($52.7 billion) in spending this year, as the country tries to rebuild from last year's war which ousted Muammar Gaddafi.

February 29, 2012 1:32

Libya amending bank law to attract foreigners

Libya is amending its banking laws to attract foreign investment and stimulate its private sector as it seeks to create an investor-friendly environment following last year's war that ousted Muammar Gaddafi, the central bank governor said.

February 26, 2012 11:35

UAE telco Etisalat wants piece of Libyan market

Etisalat, the Gulf's largest telecom firm, wants to acquire a licence in Libya or invest in one of the North African country's existing operators, its chairman told Reuters on Monday.

February 14, 2012 2:46

China seeks reconstruction role in Libya

China has sent a team of government officials and company executives to Libya to discuss post-war reconstruction and how to protect Chinese assets, the official Xinhua news agency reported on Sunday.

February 5, 2012 12:42

OPEC oil output hits highest since 2008 – survey

Libya again leads increase in OPEC oil supply; OPEC output almost 1 million barrels per day above target; OPEC sec-gen says not worried about extra production

February 1, 2012 1:19

More oil, not less, this year despite Iran ban

Saudi Arabia, Iraq and Libya are increasing supply to make up for lost Iranian oil, which are now likely diverted to Asia. Extra oil could be up to 1 million bdp.

January 31, 2012 4:11

IFC plans $1B MENA investments by end-June

International Finance Corp., a unit of the World Bank, plans to invest close to $1 billion by the end of June in countries including Egypt, Iraq, Jordan and Libya, its regional director said on Sunday.

January 15, 2012 2:45