Archive for: libyan war

Protests at key Libya oil refinery costing millions

Protests at key Libya oil refinery costing millions

A senior Libyan official said protests held by former rebels demanding medical treatment and jobs has costed Libya around $30 million so far. “The demonstration has cost the country at least $30 million until now,” outgoing deputy oil minister Omar al-Shakmak told AFP when asked about the demonstrations in the […]

 
 

Middle East Business News Review – 1 November

Middle East Business News Review – 1 November

Today’s top business and economy news from the Middle East and North Africa: Dubai’s bullish economic growth bears new risks: Citigroup report Citigroup’s chief economist for the Middle East said in a study published on Wednesday Dubai’s exposure to world economy bears downwards risks despite outperforming Abu Dhabi and other major […]

 
 

Middle East Business News Review – 3 September

Middle East Business News Review – 3 September

Today’s top business news from the Middle East and North Africa: GCC integration plan needs more discussion – statement A plan to integrate six Gulf countries as proposed by Saudi Arabia last year in response to Middle East turmoil needed more discussion, Gulf Arab foreign ministers said on late Sunday after […]

 
 

Libya readies first post-Gaddafi era fuel export

Libya readies first post-Gaddafi era fuel export

Libya is ready to export the first post-Gaddafi era shipment of fuel oil from Ras Lanuf, the country’s largest refinery, this week, a local shipping agent said on Monday. According to Al Omran Shipping Agencies and Maritime Services, the 45,000 tonne cargo is due to load on 5 September. Ras Lanuf, […]

 
 

Libyans favour close relations with Western regimes – survey

Libyans favour close relations with Western regimes – survey

A majority of Libyans (54%) surveyed in March and April 2012 approve of the leadership of the US – among the highest approval Gallup has ever recorded in the Middle East and North Africa region, outside of Israel – a survey showed. Last week, Libya’s National Transitional Council (NTC) handed over […]

 
 

Arab Spring creating major humanitarian challenges across Middle East – Red Cross

Arab Spring creating major humanitarian challenges across Middle East – Red Cross

International Committee of Red Cross annual report said major crises that erupted in 2011 in the Middle East and North Africa caused immense suffering among millions of people that lasted well into 2012 and made them heavily dependent on aid. The report added that increasing food demand in several parts […]

 
 

Tripoli assures medical bills to be paid soon as Jordan hospitals stop admitting more Libyans

Tripoli assures medical bills to be paid soon as Jordan hospitals stop admitting more Libyans

A Libyan official said on Saturday his government will hire a Jordanian firm to help process financial claims filed by hospitals in Amman that treated around 55,000 injured patients flown from Libya over the past year. Private Hospitals Association chairman Fawzi Hamouri and director of the Libyan health office in […]

 
 

Libya seeking return of assets ‘lost’ by Goldman Sachs, SocGen

Libya seeking return of assets ‘lost’ by Goldman Sachs, SocGen

The Libyan sovereign wealth fund chairman announced on Wednesday investigations on investment losses of $1.75 billion on structured products managed by Goldman Sachs and Societe Generale are underway. Mohsen Derregia, chairman of the Libyan Investment Authority (LIA), told reporters in Milan that the LIA is looking into how these investments were […]

 
 

Middle East Business News Review – 18 June

Middle East Business News Review – 18 June

Middle East Business News Review – A look at today’s important financial news and business updates from the Middle East and North Africa region: Oman Air posts record 28% revenue rise in 2012 Oman Air announced on Monday its passenger revenue increased 28% during the first five months of the […]

 
 

Struggling Jordan demands Libya to pay bills

Struggling Jordan demands Libya to pay bills

Jordan has demanded Libya to pay more than $200 million in medical and hotel bills for tens of thousands of Libyans who were flown for hospital treatment in Amman after the overthrow of Gaddafi’s regime in an armed uprising. The Hashemite Kingdom, a top destination in the Arab world for medical care, is desperate […]

 
 

Libya economy gets new boost as cash withdrawal limit lifted

Libya economy gets new boost as cash withdrawal limit lifted

Authorities in Libya announced on Thursday the scrapping of a limit on cash withdrawals, as part of plans to rebuild confidence in its banks amid liquidity crisis stemming from last year’s war. “We have lifted the ceilings … There are no limits any more,” central bank governor Saddek Omar Elkaber told […]

 
 

Libya approaching pre-civil war oil production capacity

Libya approaching pre-civil war oil production capacity

The Libyan national oil company chief has claimed production has approached a level close to that seen before NATO-led intervention ground it to a halt. The North African nation’s oil production fell to 3% of its usual level last year with output reaching only 45,000 barrels per day (bpd) rather than […]

 
 

Islamic banking in great demand as Libyans revive war-torn economy

Islamic banking in great demand as Libyans revive war-torn economy

Libya’s interim government said it is introducing a law that will allow the establishment of stand-alone Islamic banks in order to attract cash and rebuild the war-torn economy. “When the people see Islamic banks, they’ll put this money there,” Deputy Central Bank Governor Ali Mohammad Salem said in an interview in […]

 
 

Libyan NTC suspends former rebel handouts amid widespread fraud

Libyan NTC suspends former rebel handouts amid widespread fraud

Libya’s interim government has announced it is ceasing cash payments to former rebels following revelations of widespread fraud worth hundreds of thousands of Libyan dinars. The post-Gaddafi government had been making payments to civilians-turned-fighters who joined the rebellion against former leader Muammar Gaddafi. “Payment of rewards to rebels have been […]

 
 

Middle East Business Review – 29 Mar

Middle East Business Review – 29 Mar

A look at today’s financial news and business updates from the Middle East region: Dubai shows impressive performance in The Wealth Report 2012 Dubai found a place amongst world’s fastest growing cities in importance for high net worth individuals (HNWIs). For quality of life, Dubai ranked 10th globally while it was […]

 
 

Italy moves on to seize late Gaddafi’s assets worth billions

Italy moves on to seize late Gaddafi’s assets worth billions

The Italian tax police on Wednesday moved to confiscate assets of former Libyan ruler and his relatives worth €1.1 billion ($1.46bn). The measures included a seizure of a 1.5% stake in the Juventus football club. The Italian Carabinieri announced the seizure will also include the properties of former Libyan secret […]

 
 

Middle East Business Review – 8 February

Middle East Business Review – 8 February

A survey conducted by the UAE branch of Great Place to Work Institute has named FedEx Express as the best company to work for in the UAE. Microsoft Gulf won the second position on the top 10 chart while Marriott Hotel came third. Pepsi Cola’s Middle East, Asia and Africa […]

 
 

Middle East Business Review – 5 February

Middle East Business Review – 5 February

The Department of Economic Development’s foreign direct investment office said Dubai managed to attract AED3.44 billion in capital from 77 companies with a collective turnover of AED16.57 billion. “The past year also saw significant gains by Dubai FDI in strengthening its links with governments, investment promotion agencies and the investor […]

 
 

Middle East Business Review – 30 January

Middle East Business Review – 30 January

According to Reuters, Dubai Investments recorded quarterly losses of AED61.4 million ($16.72 million) when its manufacturing businesses received hit by political uprisings in Libya and Syria last year. The conglomerate recorded a profit to the tune of AED117.4 million ($31.96 million) during the same period in 2010. “The profit for […]

 
 

Saudi posts strong GDP growth thanks to high oil prices, Libya crisis

Saudi posts strong GDP growth thanks to high oil prices, Libya crisis

Saudi American Bank Group (SAMBA) projected a rise of 6.9 percent this year in Saudi Arabias GDP, recording its highest growth rate in eight years. SAMBA predicted a rise in fiscal surplus despite a surge in public spending by a third announced by King Abdullah in 2011,recording its highest increase […]

 
 

EU vessels ‘illegally’ fishing Tuna in Libyan waters

EU vessels ‘illegally’ fishing Tuna in Libyan waters

Evidence is emerging of unregulated and probably illegal tuna fishing in Libyan waters during this year’s conflict. Signals recorded from boats’ electronic “black boxes” show a large presence inside Libyan waters, a major spawning ground for the endangered bluefin tuna. Strands of evidence, including a letter from a former industry […]

 
 

Newspaper Review: Gaddafi’s gruesome execution raises questions over Libya’s future

Newspaper Review: Gaddafi’s gruesome execution raises questions over Libya’s future

Gaddafi’s last moments and brutal death at the hands of his captors has taken UAE’s newspapers by storm. Gulf News published the photograph of Gaddafi’s bloodied body lying in a storage freezer in a Misurata market. The paper’s main headline “UN calls for Gaddafi probe” entails information about the circumstances […]

 
 

Newspaper review: Dubai tech fair big hit; Karman’s Nobel prize lauded

Newspaper review: Dubai tech fair big hit; Karman’s Nobel prize lauded

While UAE newspapers are quite diverse with their front page stories, Dubai’s technology trade show has managed to capture prominent space. Both Gulf News and Khaleej Times have published snaps of the Gitex Shopper which opened at the Airport Expo Dubai on Saturday. The week-long event will feature conferences, discussions […]

 
 

Newspaper Review: UAE govt. adviser urges education reforms; Libya cabinet formed

Newspaper Review: UAE govt. adviser urges education reforms; Libya cabinet formed

The National’s headline says ‘Poor quality education failing our children’ as top ministry adviser has called for reforms. The paper quoted Dr. Abdulla Al Amiri, adviser to the Minister of Education, as saying that public school system with no clear vision and accountability fail to produce acceptable results. Gulf News […]

 
 

Newspaper review: Papers report regional uprisings in Syria, Libya

Newspaper review: Papers report regional uprisings in Syria, Libya

Today’s newspapers reflect the regional disturbances in Syria, Libya and Yemen. Gulf News reported signs of civil war in Syria after troops loyal to Baathist regime pounded the rebel-controlled town of Rastan and claimed taking control of it after heaving fighting. The paper quoted a claim made by Omar Al […]

 
 

Gaddafi’s yellowcake stockpile found in Libyan desert

Gaddafi’s yellowcake stockpile found in Libyan desert

UN official said Libya’s new rulers had found uranium yellowcake, partly refined uranium ore, which was a left over of the former regime’s nuclear programme. The official, who spoke on condition of anonymity because he is not authorised to release the information, said the material was “slightly radioactive” but posed […]

 
 

Newspaper Review: FNC election campaign bemoaned

Newspaper Review: FNC election campaign bemoaned

Monday’s UAE papers are quite diverse with their front page news items. Gulf News says Palestine bid is a test for Obama as the US is lobbying support from undecided Security Council members. The paper adds that the US president is going through his ‘worst week’ as he heads to […]

 
 

Newspaper Review: Libya fighting, Pakistan floods and FNC slowdown

Newspaper Review: Libya fighting, Pakistan floods and FNC slowdown

Heavy fighting in Libya and floods in Pakistan dominate the front pages of The National and Khaleej Times with big photographs of the affected people wading through knee-deep waters taking centre stage. Gulf News, however, has published a 5-column wide photograph of the air show tragedy in Reno, Nevada in […]

 
 

Western firms aided Gaddafi’s spy network in Libya

Western firms aided Gaddafi’s spy network in Libya

In another embarrassing revelation on how Western corporations prior to the Arab Spring uprising in Libya collaborated with the Gaddafi regime, the Wall Street Journal exposes how these firms, as well as a South African and Chinese company, were providing high tech equipment and expertise to help create a total […]

 
 
 
 
 

Address

Arabian Gazette – Netilligence Business Systems LLC
PO Box 122392, Bur Dubai
Dubai, United Arab Emirates

Tel: 00971-4-3966592
Fax: 00971-4-3966593
Mobile: 0091-50-4568483

About us

Arabian Gazette is your window to the Middle East and North Africa region that provides you with insightful news, features and analysis about matters related to business, economy, finance, society, technology and environment.

[email protected]
http://facebook.com/arabiangazette [why not 'Like' us!]
@arabiangazette