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The following is the full text of the speech given by US Secretary of State Hillary Clinton to the G-8 on the subject of Arab Countries in Transition:

Good morning. Let me start by thanking everyone for the contributions that you have already made to this partnership, and for your support of democracy in the Middle East and North Africa. In Deauville, during the G-8…

In a strong validation of its increasingly robust fundamentals, Arab Petroleum Investments Corporation (APICORP), the Multilateral Development Bank of the Organisation of Arab Petroleum Exporting Countries (OAPEC) in which the Libyan government has a 15% stake, has announced that Moody’s has upgraded its issuer and senior unsecured rating from A1 to Aa3, while maintaining a stable outlook. 



The substantial jump in…

Italian networking and engineering company Sirti has reportedly won a contract to build a long-distance fiber-optic network in Libya.

According to Dow Jones Italian service, the Libyan Minister of Telecommunications, Anwar Elfeitori; the Italian Ambassador to Tripoli, Giuseppe Buccino Grimaldi; and the CEO of Sirti, Stefano Lorenzi, attended the launch of the new venture.…

Former U.S. President Bill Clinton opened his annual philanthropic summit on Sunday by urging business leaders to do more to alleviate poverty and improve the environment.

"We live to prove that cooperation works better than conflict," Clinton said at the opening session of the eighth Clinton Global Initiative in New York. "Today we want to talk about how you can design your actions in advance to make it more likely…

Libya’s popular revolution of 2011 has unleashed the potential for more active growth and currently the country faces the complex tasks of rebuilding its economy a…

Libya’s Ministry of Economy has issued a new decree allowing foreign companies to enter joint ventures and open a representative office to study the Libyan market. It is aimed at reorganising and facilitating the process of foreign-local partnership.



The decree No. 103 of the year 2012 issued on May 13 is setting out the purposes, conditions and percentages for foreign individuals or companies to set up business in Libya.



It is entitled The…

Mediterranean Maritime Services, a newly registered company formed between VPJ Limited and Kucuk Shipping Limited, has launched a cargo service operating a weekly roll on-roll off cargo vessel connecting Augusta to Valletta and to Tripoli and Misurata.



The route will be serviced by the Fehim Bey, which is based at the Valletta Gateway Terminal. The service is operating twice weekly Malta-Sicily-Malta and once-a-week Malta-Libya.



The scheduled service departs Malta…

Around 2.9 million Libyans will head to the polls on 7 July to elect a General National Congress as part of efforts to create a new political system after the toppling of Muammar Gaddafi.



What is the congress’ role?



The upcoming General National Congress (GNC) will replace Libya’s National Transitional Council (NTC), the country’s interim legislative body that was established days after the beginning of a popular uprising against Col…

Libya’s interim government will deploy more than 13,000 troops along with aircraft and naval vessels to ensure security during the the country’s first free national elections since the removal of Muammar Qaddafi.



Officials have set up an operations room to coordinate the troops, interior ministry forces, plus naval and air elements ahead of the July 7 vote, the state-run Libya News Agency reported, citing Youssif El-Mangoush, the army chief-of-staff.



El-Mangoush…

Arab Finance: Eng. Naguib Sawiris, CEO of Orascom Telecom Media & Technology Holding SAE (OTMT), revealed that OTMT is seeking management contract of two telecom firms in Libya, Alborsa newspaper reported.



He pointed out that the company is conducting talks to Libyana and Almadar Aljadid “The New Orbit” over management contracts and reactivating and development of networks.





He asserted that, OTMT interest may exceed management in case the Libyan…

Tripoli - Libyans vote on Saturday for a constituent assembly, the first body elected since the ouster of dictator Muammar Gaddafi, tasked with steering the country through its critical transition.



“All fundamental questions have to be decided by this elected group of 200 people,” Sami Zaptia, managing editor of Libya Herald, told AFP.



“It is very important. You don't write a constitution every day,” he added.



To be chosen is the General National…

The fall of Moammar Gadhafi has paved the way for the U.S. business community to invest in Libyaas the troubled Middle Eastern nation tries to rebuild itself after a civil war tore the country apart last year.

After a trip last month to the new Libya, the …

TRIPOLI — The chief of Libya's election commission said on Sunday that 330,000 people have so far registered as voters to elect the nation's first constituent assembly in June.

"The number of voters registered by yesterday (Saturday) evening is 330,000," Nuri al-Abbar told a news conference in Tripoli.

Abbar said that the number was a "positive indicator" that an increasing number of citizens would register as voters at 1,473 centres nationwide.

Voter registration began…

This week, Malta Chamber Council Member and President of the Libya Maltese Chamber, Mr. Frank V. Farrugia and Director General Mr. Kevin J. Borg met with Ms Mikaela Fenech Pace, Head of the Strategic Policy Secretariat, in the Office of the Prime Minister to discuss a number of pending issues related to doing business with Libya, including visas. It was agreed that the Malta Chamber’s Libya Action Committee would compile a list of formal proposals recommending how to facilitate the…

The Minister of Communications and Transport, Yousef Weheshy, highlighted the importance of the investment in tourist areas in the strengthening of the economy and the creation of an alternative national resource to oil and gas.

Commenting at yesterday’s official re-opening ceremony of Ghadames airport, he stressed that his Ministry has made tourism areas in Libya, including the area of Ghadames, amongst its priorities.

These priorities included the creation of all the…

The first British Airways flight since the revolution began last year flew from London to Tripoli today, Tuesday.  As of today, the airline is operating three flights a week between Tripoli and London — on Tuesdays Thursday and Sundays.

“We are extremely pleased to be returning to this ket North African market and we anticipate strong demand as companies return…

"Registration for voters and candidates opened today," Nuri Abbar, head of the Libyan electoral committee, has been reported telling AFP on Tuesday.



The vote will mark the first nationwide poll after decades of dictatorship.



Abbar said there are 1,350 voter registration centres across Libya, including…