By Vanessa Tomassini. While protests rage in Libya over dire economic situations and widespread corruption of state officials, on August 4, Ali Mahmoud Hassan Mohamed, chairman of the Libyan Investment Authority (LIA), following consultations with the head of Presidential Council […]
By Masinessa “Omar” Khattaly Even though the first thoughts that come to many when hearing the words “state-owned” next to “economic recovery” are socialism, government control and bureaucracy, according to accounting firm PwC, the proportion of State-owned Enterprises (SOEs) among the Fortune […]
By Masinessa “Omar” Khattaly Even though the first thoughts that come to many when hearing the words “state-owned” next to “economic recovery” are socialism, government control and bureaucracy, according to accounting firm PwC, the proportion of State-owned Enterprises (SOEs) among the Fortune […]
By: Masinessa “Omar” Khattaly February 2018 Norway’s Sovereign Wealth Fund (SWF), Government Pension Fund Global (GPF-Global) started in 1990 as a future generation financial cushion and as the population’s pension fund. A fund that receives its financing from the country’s […]
By: Masinessa “Omar” Khattaly January 2018 The Egyptian tourism sector, one of the country’s main sources of foreign currency reserves and national income, expected to grow after the Russian decision to lift the travel ban to Egypt. On December 15, […]
Norway has taken money from its sovereign wealth fund for the first time since it was set up in 1996. Local newspaper Dagens Naeringsliv said that 6.7 billion kroner, or $780 million, was withdrawn pay for public spending. Norway usually pumps 200 […]
Hazel Sheffield Norway is not the only oil-reliant nation to turn to its sovereign wealth fund to plug the gap in oil revenue Rex Norway has taken money from its sovereign wealth fund for the first time since it was […]
Countries from Norway to Russia to Saudi Arabia have begun drawing down their reserve funds to plug budget gaps and defend currencies. Jess Delaney The last thing Libya needs is low oil prices. Racked by a civil war that’s ground […]
By Omar Khattaly: The drop in oil prices in the last 12 months has taken markets and investors by surprise. State institutions such as Sovereign Wealth Funds (SWF) have been affected and state budgets have suffered. SWF will grow slowly […]
Libya Observer
By Omar Khattaly
The drop in oil prices in the last 12 months has taken markets and investors by surprise. State institutions such as Sovereign Wealth Funds (SWF) […]