imported 2024-03-17 17:43:07
One of the more challenging aspect of banking in Libya is the lack of adequate lending to the private sector. Moreover, with the Islamic banking reform (all banks in Libya must become Islamic by 2015), many banks are hesitant to lend money on the backdrop of uncertain future.
Ahmed Rajab, General Manager of Jumhouria bank – the largest bank in Libya, discusses the liquidity issues in the banking system in Libya.
The most important role of the banking sector is in Libya’s reconstruction. Many banks are currently lending or granting facilities to the contractors that have contracts with the government for construction.
Salah Ibrahim Mokhtar, CEO of Libyana
Libyana is the largest mobile operator in Libya with a total market share of 72-73% (voice and data). According to the CEO of Libyana Mr. Mokhtar, the mobile operator is now primarily focusing on the reconstruction of the ICT sector in Libya. As a part of its network modernisation project, Libyana aims to introduce new data services, including HSBA service and LTE in the main hotspot areas. The operator is taking all necessary steps to ensure that even the most distant places in Libya will soon enjoy solid telecom connections.
Jumhouria is the number one bank in Libya. The creation of Jumhouria Bank was the result of a merger between Al Ummah Bank and Jumhouria Bank. Today, the bank has a total capital of about LYD 1 billion and total assets for 2012 of LYD 33 billion on balance sheet and about LYD 12 billion dinar off balance sheet for a total of about LYD 44 billion.
Best Hotels in Libya
Marcopolis.net presents the best hotels in Libya.
Investment Companies in Libya | Largest Investment Companies in Libya
Marcopolis.net presents top oil companies in Libya.
Libya holds billions of dollars in assets in Africa through subsidiaries of its US $70 billion sovereign wealth fund. Most of the assets were frozen as a result of the 2011 uprising. Libya is one of the largest investors in Africa.
Some assets continue to be frozen.
Largest Industrial Companies in Libya
Marcopolis.net presents largest industrial companies in Libya.
Major industrial companies in Libya are controlled by the Ministry of Industry. There are 9 companies that are directly owned by the Ministry and there are also some other companies belonging to other sectors, including the Ministry of the Economy and the Investment Fund.
Largest Airports in Libya
Marcopolis.net presents largest airports in Libya.
Libya’s civil war in 2011 has crippled the country’s transportation sector. Prior to the revolution Libya was on track to modernize its infrastructure and airports. There are about 26 airports in Libya of which 3 are international.
Top Airlines in Libya
Marcopolis.net presents top airlines in Libya.
The civil war in 2011 has crippled the transportation sector and airlines in Libya. Libya is home to 2 national airlines; the larger and older Libyan Airlines and newer Afriqiyah Airways, which was originally established to bridge Africa with Europe.
