Categories: News

Libya’s $70bn wealth fund sees thaw in UN asset freeze by year-end

LONDON: The Libyan Investment Authority is expecting UN sign-off by the end of the year to actively manage its $70 billion in assets for the first time in more than a decade, its chief executive told Reuters.
The LIA, set up under Muammar Qaddafi in 2006 to manage the country’s oil wealth, has been under a United Nations asset freeze since the 2011 revolution that toppled Qaddafi.

Recent Posts

I am hearing from farmers who are confirming – given diesel prices, they are walking away from their crops. – Ice Age Farmer

 I am hearing from farmers who are confirming — given diesel prices, they are walking…

14 hours ago

Leo Terrell, Head Of The Anti-Semitism Task Force, Says Free Speech Doesn’t Protect Criticism Of Jewish Communities. – Rabbi Jeff

 Leo Terrell, Head Of The Anti-Semitism Task Force, Says Free Speech Doesn’t Protect Criticism Of…

14 hours ago

Folks in SE Michigan, N. Texas, and Orlando reporting no diesel. – Ice Age Farmer

 Folks in SE Michigan, N. Texas, and Orlando reporting no diesel. Apparently some signs can…

14 hours ago

🇮🇱🇺🇸⚡️🇮🇷 Netanyahu on dragging the U.S. into his war: I’ve been dealing with Iran for close to 40 years. – DDGeopolitics

 🇮🇱🇺🇸⚡️🇮🇷 Netanyahu on dragging the U.S. into his war: I’ve been dealing with Iran for…

3 weeks ago

This website uses cookies.