Latest articles from Libya

Libyas banks face an uphill battle

Libya's banks face an uphill battle

August 1, 2014

Awash with hydrocarbons and boasting a highly liquid banking sector, Libya's potential is vast. However, continued political and social unrest, combined with the dominant position of state-owned banks, mean that the country's private sector banks have numerous obstacles preventing them from realising this potential.

North African Islamic finance in the post Arab Spring world

North African Islamic finance in the post-Arab Spring world

November 7, 2012

The Arab Spring uprisings have brought change on an unprecedented scale to north Africa over the past couple of years, but what impact have these changes had upon the region's appetite for Islamic finance?

Hussain Al Qemzi

Noor Islamic Bank pushes Islamic finance towards maturity

November 7, 2012

Islamic finance is increasingly being viewed as a credible alternative to conventional finance, but Hussain Al-Qemzi, group chief executive of Dubai-based Noor Investment Group and chief executive of Noor Islamic Bank, recognises that Islamic institutions must work together if they are to compete with conventional banks.

Resilience underpins Arab banks

Top Arab banks ranking, 2012

October 1, 2012

Arab banks offset the turmoil of the Arab Spring and offered a robust performance in 2011 with impressive growth across the key financial indicators. And with minimal exposure to the eurozone crisis, the region's banks are expected to continue their recovery from the global financial crisis.

Libya hopes for privatisation boost

Libyan Stock Market chief looks to privatisation drive

March 1, 2012

The general manager of Libya's stock market says the recently reopened exchange will help to quicken the country's recovery from its revolution last year by reigniting its privatisation process.

libya banking

Libya: what now?

March 1, 2012

As Libya emerges from 42 years of state domination under former leader Muammar Gaddafi and an eight-month civil war, the country’s banking sector faces opportunities and challenges in almost equal measure. 

The funds to fix Libya

Will Libya's state-run financial institutions lead its revival?

March 1, 2012

After years of economic mismanagement, Libya's two key state financial institutions – the Libyan Foreign Bank and the country's sovereign wealth fund, the Libyan Investment Authority – are restructuring and carving out new strategies as the country wakes up to a new economic dawn.

Libyans play economic waiting game

March 1, 2012

Amid the celebrations to mark the first anniversary of Libya's revolution, strong economic leadership of the country is yet to emerge.

Farhat Bengdara

Libya seeks outside help to modernise banking sector

October 3, 2011

Libya's former central bank governor tells how the country's uprising will lead to many opportunities for investors in the oil, tourism, mining and banking sectors, as long as there is a return to stability.

Freedom pass

August 30, 2010

Recent laws passed in Libya are aimed at removing the obstacles of previous legislations, allowing local businesses to compete and operate internationally, and bringing the economy into the modern age. Stephen Timewell reports.

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