"Libya's economy is strong, with no domestic debt, a budget surplus and lots of opportunities for investment," says Suliman Salaem Al Shahomy, chairman of the Libyan stock market. And Libya is quickly expanding its financial infrastructure to make investing through its infant stock exchange easier for both locals and foreigners.
The Libyan Stock Market (LSM) was established in 2008 with the main operations in the country's capital, Tripoli, and a branch in Benghazi, and Mr Al Shahomy is keen to make the exchange a key part of the country's economic reforms. The number of listed companies it houses has risen to 10 and, with new laws that would enhance the role of the private sector and a booming economy, the chairman expects this number to grow to 14 by the end of 2010.
