FINANCE & ECONOMY

July 9, 2020

Protect local investments and strengthen intra-African trade’

The African Economic Research Consortium (AERC) recently held its virtual 52nd Plenary Session with the official opening and keynote by Betty C. Maina Kenya Cabinet Secretary – Ministry of Industrialization, Trade and Enterprise Development.

Themed"...

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July 9, 2020

PFG prevents NOC tanker from loading crude oil at Es Sider oil port

Libyan National Oil Corporation attempted Wednesday a technical process to load the very large crude oil tanker Delta Ocean at Es Sider oil port. Regrettably, the Petroleum Facilities Guard did not allow the tanker to enter the port.

“NOC"...

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July 9, 2020

NOC fails to force unblocking of oil exports at Es Sider port, thwarted by its own Petroleum Facilities Guards

Libya’s state National Oil Corporation announced today that it had failed in its attempt to force the resumption of oil exports from its Es Sider port. It conceded that its Petroleum Facilities Guards (PFG) at Es Sider oil port prevented a NOC tanker from loading at the port.

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July 9, 2020

Economic Working Group of the International Follow-up Committee on Libya meet

UNSMIL reported yesterday that as part of the ongoing Berlin process, experts of the Economic Working Group of the International Follow-up Committee on Libya met virtually on July 6, in the presence of Acting Special Representative of the Secretary-General for Libya Stephanie Williams and"...

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July 9, 2020

Esri President Jack Dangermond Addresses UN High Level Political Forum

Esri, the world leader in GIS, location intelligence, and mapping technology, today announced that its founder and president, Jack Dangermond, addressed the United Nations’ High Level Political Forum on Sustainable Development. His remarks to the assembly were delivered July 7th at the key annual meeting for UN and Member State review of the Sustainable Development Goals (SDGs) globally. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200708005264/en/ The United Nations Sustainable Development Goals (SDGs) are 17 goals with 169 targets that all 191 UN Member States have agreed......

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July 9, 2020

MHPS’ T-Point 2 Enters Commercial Operation with the World’s Largest and Most Efficient 60 Hz Gas Turbine

Mitsubishi Hitachi Power Systems, Ltd. (MHPS) announced today that its T-Point 2 combined cycle power plant validation facility entered full commercial operation with an enhanced JAC gas turbine that sets the record for output and efficiency. The T-Point 2 plant was commissioned in March"...

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July 8, 2020

Aligning Rent Seeking with Growth of MSMEs

The barbarous gold barons – they did not find the gold, they did not mine the gold, they did not mill the gold, but by some weird alchemy all the gold belonged to them.”

This quote helps bring sharp"...

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July 8, 2020

Prestige Assurance to Raise N6.8bn via Rights Issue

Prestige Assurance is set to raise N6, 817,898,003 through the issuance of 13,635,796,006 shares at N.50 kobo per share.

The firm disclosed this at the signing ceremony of the proposed rights issue yesterday.

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July 8, 2020

Ministry of Finance launches e-platform for 2021 budget preparation

The Ministry of Finance, aligned to Libya’s internationally recognized government in Tripoli, launched an online platform to prepare the state’s 2021 budget.

In its statement today, the Ministry of"...

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July 8, 2020

Benghazi’s Benina airport maintenance and development discussed

Benghazi Municipality and head of the eastern Libya ‘‘Interim Government's’’ General Authority for Transport agreed yesterday to take a number of measures related to the maintenance, expansion and development of the facilities at (Benghazi's) Benina International"...

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