Tripoli Business News

With federal agents mounting a probe into his offshore bank, billionaire Allen Stanford drove up a dirt road, hauling records from his headquarters to the top of a lush, tropical mountain. As the sun set over the island, the banker...

FOR a sector that is already heavily concentrated, financial services certainly generates a lot of deal-making intrigue. Suncorp-Metway yesterday sent the message that its banking division was off the market, except for some underperforming loans it will attempt to sell...

Egyptian investment bank Beltone Financial has begun operations in Libya, hoping to take advantage of a potential boom in new share offerings, a company official said on Sunday. As many as 25 initial public offerings (IPOs) by both private and...

It said the A1-18/01 (Caliph) well in a frontier area offshore Libya had been plugged and abandoned after fishing attempts were unsuccessful. Global oilfield services provider Schlumberger defines fishing as "the application of tools, equipment and techniques for the removal...

Two DUP MPs from a cross-party group pressing for compensation for victims said meetings with Libyan officials were "positive and constructive". Colonel Gadaffi's regime supplied the IRA with arms during the Troubles. Hailing their mission a success, the MPs said...

Etisalat aims to sell bonds, possibly Islamic, this year or by early 2010, to help finance overseas expansion, its chief financial officer said yesterday. Salem Al Sharhan said the firm was looking to finalise a medium-term note prog-ramme targeting international...

Rocky Mountain CyberKnife in Boulder has completed an upgrade to the next-generation CyberKnife system. General Capital Partners , a Denver-based turnaround-management and investment-banking firm, has been retained by a middle-market asset-based lender to locate a purchaser for the assets...