Libyan Foreign Bank files for US$ 100 million lawsuit against Zimbabwean entities for a 2001 debt
Jan 30 Sami Zaptia

Libyan Foreign Bank files for US$ 100 million lawsuit against Zimbabwean entities for a 2001 debt

Bloomberg reported last Wednesday (28 January) that the Libyan Foreign Bank (LFB), a subsidiary of the Central Bank of Libya, has filed a lawsuit agai...

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Wahda bank holds meeting to discuss recovering its debts
Jun 18 Sami Zaptia

Wahda bank holds meeting to discuss recovering its debts

By Sami Zaptia.London, 18 June 2020:Wahda bank reported that it held a meeting on 15 June of the Debt Departments and Credit Departments of its Bengha...

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Italy to compensate Italians for losses in Libya since 2011
Dec 22 Michel Cousins

Italy to compensate Italians for losses in Libya since 2011

By Hadi Fornaji. Alfano with Ahmed Maetig in July (File photo)Tunis, 22 December 2017:The Italian government has announced that it will compensate Ita...

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Aug 26 Sami Zaptia

APR receives some debt payments and recovers majority of its Libya assets

By Libya Herald reporter.(Photo Ministry of Electricity).Malta, 26 August 2015:APR Energy has revealed that it has made significant progress in removi...

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Mar 15 thomwestcott

Recouped Libyan funds help put American construction firm back in profit

Tripoli, 15 March 2014:The American construction management company Hill International has announced a net profit of $1.6 million for 2013, a figure b...

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Wood Group holds off from Libya until paid in full
Aug 29 Nigel Ash

Wood Group holds off from Libya until paid in full

By Tom WestcottLondon, 29 August:Scottish based Wood Group, which was recently paid $5.8 million of a $13 million debt, is not planning to undertake m...

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