Libya Business News

South Korea — In the opening months of the Korean War, the South Korean military and the police executed at least 4,900 civilians who had earlier signed up — often under force — for re- education classes meant to turn...

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...

Cross-border deals as the costly fiasco of the Bharti-MTN reveals requires special laws, sensitivity to individual countries and can be ambitious, but government needs to fine tune the laws while keeping the risk profile in mind. It’s like an inter-caste...