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Libya Ready to Deploy Its New $40bn Fund Libya Elected to UN Security Council
The government's stated strategy As part of a strategy to reduce the country's oil dependence and diversify sources of income
 On Tuesday, Libya was elected by an overwhelming majority to the world’s premier security body.
Libya plans to sell stake in al Wihda Bank
Libya's Central Bank said on Monday it is offering for sale a stake in the country's fifth-largest state-owned bank.  
   

Libya Ready to Deploy Its New $40bn Fund

The government's stated strategy As part of a strategy to reduce the country's oil dependence and diversify sources of income, Libya has established a sovereign wealth fund is starting to deploy its $40bn (EU28bn) capital on international markets.

Libya Elected to UN Security Council

On Tuesday, Libya was elected by an overwhelming majority to the world’s premier security body. Claiming 178 out of a possible 192 votes from United Nations members, the former state sponsor of terrorism joined Vietnam, Burkina Faso

Libya plans to sell stake in al Wihda Bank

Libya's Central Bank said on Monday it is offering for sale a stake in the country's fifth-largest state-owned bank. The Bank picked Rothschild & Cie as its adviser on the sale of a minority share of al Wihda Bank as a first step, before expanding it to 51 percent share later on.
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