imported 2024-03-17 17:43:07
One of the major challenges for airlines in Libya is the EU ban of flights from Libya. For the past few years the Libya’s Civil Aviation Authority (LYCAA) has been trying to revoke the bank that is putting the strain on both 2 local airlines. As a result of this, Libyan Airlines is currently wet-leasing aircraft and flight-deck staff to service its European routes.
Khaled Ben Alewa, CEO of Libyan Airlines, largest airlines in Libya talks about the reorganising, expanding, restructuring of the airlines and purchasing of new airplanes.
Suleiman Ali Al-Taif Al-Fitur, Libyan Minister of Industry, answers the question about competitiveness of Libyan industry. According to the minister, “Libya can be a great competitor in heavy industries, we have the example of the Misurata steel industry, we are competitive in cement, petrochemicals, refining, and power generation, for example solar and wind energy.”
Suleiman Ali Al-Taif Al-Fitur, Libyan Minister of Industry, talks about the role of industry in Libya. According to Al-Fitur, the new Libya recognizes the strategic importance of industry and plans to increase the role of industry in the GDP to 30% by 2030.
Eng. G.I. Guider, Chairman of the Privatization and Investment Board (PIB), discusses the level of FDI in Libya and type of FDI Libya is planning to attract.
Eng. G.I. Guider, Chairman of the Privatization and Investment Board (PIB), discusses the new investment plan for Libya.
Ahmed Rajab, General Manager of Jumhouria Bank, shares his prediction for 2013-2014 banking sector. Jumhouria Bank, the largest bank in Libya, is expected to grow by 15% in 2013-2014.
Ahmed Rajab, General Manager of Jumhouria Bank, talks about money laundering prevention, regulations of the banking sector and safe transfers in Libya.
One of the challenges in the banking sector in Libya is inadequate core banking system. The largest bank in Libya is trying to adopt and implement the latest core banking system to streamline the operations.
One of the main challenges in Libyan banking system is the banking infrastructure. For a country to effectively attract foreign investment and boost domestic economic growth, a sound banking infrastructure is a must.
