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 […]

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 Local newspaper Dagens Naeringsliv said that 6.7 billion kroner, or $780 million, was withdrawn pay for public spending.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 […]

Azerbaijani Vision
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Local newspaper Dagens Naeringsliv said that 6.7 billion kroner, or $780 million, was withdrawn pay for public spending.

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) […]

Peter Kenyon Libya may be months from a new government, but the still-infrequent international flights to Tripoli are packed with businesspeople looking to land contracts with this oil-rich North African state. The Turks and Europeans appear to be moving quickly, […]