UAE opposes appointment of former Algerian top diplomat as UN envoy to Libya

The United Arab Emirates, UAE, on Monday expressed its opposition to UN Secretary-General Antonio Guterres’s decision to appoint former Algerian Foreign Minister Sabri Boukadoum as UN envoy to Libya, Libya Observer reports, citing diplomatic sources. The Gulf country, the sources Read more

UAE’s Alpha Dhabi to invest in Libya’s green energy sector via subsidiary W Solar Investment

W Solar Investment, a subsidiary of UAE’s Alpha Dhabi, signed Monday a memorandum of understanding with the General Electricity Company of Libya (GECOL) to develop a long-term partnership in Libya’s renewable energy sector, Zawya reports. Under the agreement, the investment Read more

IFC invests $5 million in Egypt-based Fintech venture capital

The International Finance Corporation (IFC), a member of the World Bank Group, announced Wednesday the investment of $5 million a new venture capital fund from Disruptech Ventures to support development in Egypt’s fintech sector and help expand access to financial Read more

Haftar gathers several presidential candidates as Libyan presidential polls are set for postponement

Khalifa Haftar, a presidential candidate for almost impossible Libyan Dec. 24 elections and strongman of the oil-rich African country’s eastern regions, marshalled around him Tuesday several other candidates including former powerful Interior minister Fathi Bashagha, to bring together their visions Read more