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Libya Africa Investment Portfolio
The Libyan Investment Authority (LIA; ) is a government-managed sovereign wealth fund and holding company headquartered in Tripoli, Libya. It was established on August 28, 2006, by Decree 208 of the General People's Committee of Libya (GPC), after the lifting of economic sanctions that had previously precluded foreign investment in Libya. The LIA oversees and manages investments in various areas including agriculture, real estate, infrastructure, oil and gas and in shares and bonds. It is Africa's largest sovereign wealth fund. The fund is a member of the International Forum of Sovereign Wealth Funds and is therefore signed up to the Santiago Principles on best practice in managing sovereign wealth funds. As of 2019, the date of its last valuation, the fund owns US$68 billion in assets. Purpose The LIA was established in August 2006 to manage Libya's mounting oil revenue surplus and is headquartered in Tripoli. The LIA main subsidiaries consist of the ''Libyan Foreign Investme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State-owned Enterprise
A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goods at lower prices, implement government policies, or serve remote areas where private businesses are scarce. The government typically holds full or majority ownership and oversees operations. SOEs have a distinct legal structure, with financial and developmental goals, like making services more accessible while earning profit (such as a state railway). They can be considered as government-affiliated entities designed to meet commercial and state capitalist objectives. Terminology The terminology around the term state-owned enterprise is murky. All three words in the term are challenged and subject to interpretation. First, it is debatable what the term "state" implies (e.g., it is unclear whether municipally owned corporations and ente ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Oil Corporation
The National Oil Corporation (NOC; ) is the national oil company of Libya. It dominates Libya's oil industry, along with a number of smaller subsidiaries, which combined account for the vast majority of the country's oil output. It is led by Farhat Bengdara, appointed in July 2022. Of NOC's subsidiaries, the largest oil producer is the Waha Oil Company (WOC), followed by the Arabian Gulf Oil Company (Agoco), Zueitina Oil Company (ZOC), and Sirte Oil Company (SOC).EIA 2007 Libyan oil sector: overview Libya is a member of the Organization of Petroleum Exporting Countries (OPEC) and holds the largest proven oil reserves in Africa (followed by Nigeria and Algeria), as of January 2007, up from in 2006. About 80% of Libya's proven oil reserves are located in the Sirte Basin Province, which accounts for 90% of the country's oil output. The province ranks 13th among the world's petroleum provinces, having known reserves of of oil equivalent (367,00 of oil, of gas, of natural gas l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Goldman Sachs
The Goldman Sachs Group, Inc. ( ) is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered in Lower Manhattan in New York City, with regional headquarters in many international financial centers. Goldman Sachs is the second-largest investment bank in the world by revenue and is ranked 55th on the ''Fortune'' 500 list of the largest United States corporations by total revenue. In the Forbes Global 2000 of 2024, Goldman Sachs ranked 23rd. It is considered a systemically important financial institution by the Financial Stability Board. Goldman Sachs offers services in investment banking (advisory for mergers and acquisitions and restructuring), securities underwriting, prime brokerage, asset management, and wealth management. It is a market maker for many types of financial products and provides clearing and custodian bank services. It operates private-equity funds and hedge funds. It structures complex and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Abdulrahman Ben Yezza
Abdulrahman Ben Yezza () is a Libyan businessman and politician who is the Oil Minister in the government of Abdurrahim El-Keib. Prior to the 2011 Libyan Civil War, Ben Yezza served as "chairman of the operator's management committee" for Italian oil company Eni. He also worked for Libya's National Oil Corporation during Libya's governance by Muammar Gaddafi, but he quit the company voluntarily due to reported differences with its then-leader Shokri Ghanem, a member of Gaddafi's inner circle. In 2014 the Libyan government has named Abdulrahman Ben Yezza as chairman of the Libyan Investment Authority (LIA). He temporarily replaced AmbdulMagid Breish who had to step out pending investigation into his role in the Gaddafi administration. Ben Yezza was originally considered for an appointment to government under the interim administration of Mahmoud Jibril, the National Transitional Council's prime minister during the fight to overthrow Gaddafi. Jibril's overt contemplation of naming ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ali Tarhouni
Ali Abdussalam Tarhouni (; born 1951) is a Libyan economist and politician. Tarhouni served as the minister for oil and finance on the National Transitional Council, the provisional governing authority in Libya, from 23 March to 22 November 2011. For a little over a week, he acted in the capacity of interim prime minister of Libya during the departure of outgoing incumbent Mahmoud Jibril from 23 October 2011 until Abdurrahim El-Keib was formally named to succeed Jibril on 31 October. Early life and education Born in Libya, Tarhouni studied economics at the University of Libya, until fleeing the country in 1973. He was stripped of citizenship, sentenced to death in absentia, and put on a government hit list in 1981. After immigrating to the United States, Tarhouni continued his studies, earning a master's degree (1978) and a PhD (1983) from Michigan State University. From 1985 up until the outbreak of the Libyan revolution, he had been a popular senior lecturer in business eco ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
KPMG
KPMG is a multinational professional services network, based in London, United Kingdom. As one of the Big Four accounting firms, along with Ernst & Young (EY), Deloitte, and PwC. KPMG is a network of firms in 145 countries with 275,288 employees, affiliated with KPMG International Limited, a private English company limited by guarantee. The name "KPMG" stands for "Klynveld Peat Marwick Goerdeler". The initialism was chosen when KMG (Klynveld Main Goerdeler) merged with Peat Marwick in 1987. KPMG has three lines of services: financial audit, tax, and advisory. Its tax and advisory services are further divided into various service groups. In the 21st century, various parts of the firm's global network of affiliates have been involved in regulatory actions as well as lawsuits. History Early years and mergers In 1816, Robert Fletcher started working as an accountant and in 1839 the firm he worked for changed its name to Robert Fletcher & Co. William Barclay Peat join ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Times
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and also published digitally that focuses on business and economic Current affairs (news format), current affairs. Based in London, the paper is owned by a Japanese holding company, Nikkei, Inc., Nikkei, with core editorial offices across Britain, the United States and continental Europe. In July 2015, Pearson plc, Pearson sold the publication to Nikkei for Pound sterling, £844 million (US$1.32 billion) after owning it since 1957. In 2019, it reported one million paying subscriptions, three-quarters of which were digital subscriptions. In 2023, it was reported to have 1.3 million subscribers of which 1.2 million were digital. The newspaper has a prominent focus on Business journalism, financial journalism and economic analysis rather than News media, generalist reporting, drawing both criticism and acclaim. It sponsors an Financial Times and McKinsey Business Book of the Year Award, annual book ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2008 Financial Crisis
The 2008 financial crisis, also known as the global financial crisis (GFC), was a major worldwide financial crisis centered in the United States. The causes of the 2008 crisis included excessive speculation on housing values by both homeowners and financial institutions that led to the 2000s United States housing bubble, exacerbated by predatory lending for subprime mortgages and deficiencies in regulation. Cash out refinancings had fueled an increase in consumption that could no longer be sustained when home prices declined. The first phase of the crisis was the subprime mortgage crisis, which began in early 2007, as mortgage-backed securities (MBS) tied to U.S. real estate, and a vast web of Derivative (finance), derivatives linked to those MBS, collapsed in value. A liquidity crisis spread to global institutions by mid-2007 and climaxed with the bankruptcy of Lehman Brothers in September 2008, which triggered a stock market crash and bank runs in several countries. The crisis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Juventus F
Juventus Football Club (; from , ), commonly known as Juventus or colloquially as Juve (), is an Italian professional football club based in Turin, Piedmont, who compete in Serie A, the top tier of the Italian football league system. Founded in 1897 by a group of Turinese students, the club played in different grounds around the city, and plays now in Juventus Stadium. Nicknamed ("the Old Lady"), it has won 36 official league titles, 15 Coppa Italia trophies and nine Italian Super Cups, being the record holder for all these competitions; they also hold two Intercontinental Cups, two European Cup / UEFA Champions Leagues, one European Cup Winners' Cup, three UEFA Cups (Italian record), two UEFA Super Cups and one UEFA Intertoto Cup (Italian record). Consequently, the side leads the historical Federazione Italiana Giuoco Calcio (FIGC) classification, whilst on the international stage the club occupies the sixth position in Europe and the twelfth in the world for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Terrorism
Terrorism, in its broadest sense, is the use of violence against non-combatants to achieve political or ideological aims. The term is used in this regard primarily to refer to intentional violence during peacetime or in the context of war against non-combatants. There are various different definitions of terrorism, with no universal agreement about it. Different definitions of terrorism emphasize its randomness, its aim to instill fear, and its broader impact beyond its immediate victims. Modern terrorism, evolving from earlier iterations, employs various tactics to pursue political goals, often leveraging fear as a strategic tool to influence decision makers. By targeting densely populated public areas such as transportation hubs, airports, shopping centers, tourist attractions, and nightlife venues, terrorists aim to instill widespread insecurity, prompting Public policy, policy changes through Manipulation (psychology), psychological manipulation and undermining confidence ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wouter Bos
Wouter Jacob Bos (; born 14 July 1963) is a retired Dutch politician of the Labour Party (PvdA) and businessman. Bos attended the Christian Gymnasium in Zeist from June 1975 until July 1980 and applied at the Vrije Universiteit Amsterdam in June 1981 majoring in Political science and Economics obtaining a Bachelor of Social Science degree and a Bachelor of Economics degree in June 1984 before graduating with a Master of Social Science degree and a Master of Economics degree in July 1988. Bos worked as a human resource manager for Royal Dutch Shell from August 1988 until May 1998 in Pernis from August 1988 until September 1989 in Rotterdam from September 1989 until July 1991 in Bucharest, Romania from July 1991 until April 1993 in Hong Kong from April 1993 until November 1995 and in London, England from November 1995 until May 1998. Bos was elected as a Member of the House of Representatives after the election of 1998, taking office on 19 May 1998 serving as a frontbe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fortis (finance)
Fortis N.V./S.A., was a Benelux-centered global financial services group active in insurance, banking and investment management, initially formed in 1990 by a three-way Belgian-Dutch merger and headquartered in Brussels. It grew rapidly through multiple acquisitions, and in 2007 was the 20th largest financial services business in the world by revenue. It was listed on the Euronext, Euronext Brussels, Euronext, Euronext Amsterdam, and Luxembourg Stock Exchange, Luxembourg stock exchanges. Fortis encountered severe problems in the 2008 financial crisis, not least as a consequence of participating in 2007 in the joint acquisition of ABN AMRO together with Royal Bank of Scotland Group and Banco Santander. It received an emergency bailout from the governments of Belgium and the Netherlands and was broken up soon thereafter. As a consequence: * Fortis Bank Nederland was nationalisation, nationalised by the Dutch government and merged in July 2010 with ABN AMRO's former Dutch operation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
