Latest in Tag: libya Highlight

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Latest in Tag: libya


Libyan fund sues France’s SocGen for $1.5bn

AFP – Libya’s sovereign wealth fund is suing French bank Societe Generale in a British court for $1.5bn (€1.1bn) for allegedly channelling bribes to allies of the son of slain dictator Moamer Qadhafi, officials said on Monday. The Libyan Investment Authority is seeking compensation from the bank and from WalidGiahmi, an alleged associate of Saif …

Daily News Egypt

Car bomb in Libya’s Benghazi kills at least 5: hospital

AFP– A car bomb Monday targeting a military academy in Libya’s restive eastern city of Benghazi killed at least five soldiers and wounded more than 10, military and hospital sources said. The medical centre in Benghazi reported that “five bodies plus an indeterminate number of body parts” had arrived at the hospital, along with “more than 10 …

Daily News Egypt

Hopes pinned on private sector as Libya economy slumps

AFP – Small businesses are prospering in Libya’s major cities even as the economy at large is being throttled because of security problems and industrial action which has shrunk lifeline oil revenues. Its financial woes combined with lawlessness has so far discouraged the return of multinationals, three years after the outbreak of an armed revolt …

Daily News Egypt