Industry & Trade Archives - Panorama Insurance Brokers

Ericsson Partners with LPTIC to Equip Libyan Graduates with Digital Skills

Ericsson said it was partnering with the Libyan Post Telecommunication and Information Technology Holding Company (LPTIC) to deploy the “Ericsson Educate” learning program in Libya and build digital skills for Libyan university students. Ericsson’s report revealed that 150 Libyan students will have access to an e-learning portal featuring courses on 5G networks, IoT, data science,… Read More

Libyan Parties Agree on Unified National Budget

Libyan parties agree on a two-month unified National Budget and Work to Address the Banking Crisis This week, two important decisions were taken that will positively affect the economy and create momentum towards unifying the national financial institutions. On 3 February 2021, the Council of Ministers promulgated a two-month interim budget for 2021. This is… Read More

Pakistan “must Exploit Huge Potential of Libya”

By John Lee. The Pakistani Ambassador to Libya has reportedly said that his country should exploit the huge potential for reconstruction in Libya. Major General (retired) Rashad Jeved Hilal-i-Imtiaz is quoted as telling Faisalabad Chamber of Commerce and Industry (FCCI) that the elections expected on December 24 will usher a new era of reconstruction, with… Read More

Libya receives Shipment of 4,000 Cars from S Korea

By John Lee. CEVA Logistics has said on Wednesday that it has successfully completed a full RORO charter for almost 4,000 cars between South Korea and Libya. The company, which is part of the French-based CMA CGM Group, loaded the cargo of cars, SUVs and small trucks at Incheon in early January. It’s press release… Read More

UNICEF Concerned over Water situation in Libya

Over 4 million people, including 1.5 million children, will face imminent water problems if immediate solutions are not found and implemented. The prolonged crisis has left the sector facing great challenges, leading to a significant decline in services. This is mainly attributed to the lack of required budgets for the purchase of equipment, operational materials… Read More

New Gas-Fired Power Plant for Zliten

By John Lee. The General Electricity Company of Libya (GECOL) has reportedly announced plans to build a new gas-fired power plant in Zliten. According to Construction Review Online, the $134-million project will be completed within the next five months, and include the installation of four 41-MW turbines. More here. (Source: Construction Review Online)

EWG Meets to address Urgent Economic Issues

On 21 January, the co-chairs of the International Follow-Up Committee on Libya’s Economic Working Group (EWG), including Acting Special Representative of the Secretary-General for Libya Stephanie Williams and representatives of Egypt, the United States and the European Union, convened a meeting to discuss urgent economic issues including the need to manage the impacts of a… Read More

UN appoints Jan Kubis as Special Envoy on Libya

Secretary-General appoints Mr. Ján Kubiš of Slovakia as his Special Envoy on Libya and Head of United Nations Support Mission in Libya United Nations Secretary-General António Guterres announced today the appointment of Ján Kubiš of Slovakia as his Special Envoy on Libya and Head of the United Nations Support Mission in Libya (UNSMIL).  This position is… Read More

Enka, Siemens, to start work on Libyan Power Plants

By John Lee. The Turkish engineering and construction firm Enka, in consortium with Germany’s Siemens, is about to start the construction at the Misurata [Misrata] 650 MW Simple Cycle Power Plant and Tripoli West 671 MW Simple Cycle Power Plant in Libya. According to a statement from Enka. the contracts have been signed with the… Read More

UK Libya Sanctions Guidance

Libya (Sanctions) (EU Exit) Regulations 2020 The Office of Financial Sanctions Implementation (OFSI), part of HM Treasury, is responsible for improving the understanding, implementation and enforcement of financial sanctions in the United Kingdom. OFSI publishes a list of individuals and organisations subject to financial sanctions as well as general guidance to promote compliance. Click here… Read More