Algeria invests in tourism, the ‘locomotive of Sahara’

Algeria seeks to develop tourism in the Sahara to re-launch an ailing economic sector.

Tourism was badly hit by the black decade of terrorism in the 1990s and is now heavily threatened by Islamic extremists and groups close to al Qaeda.

Nevertheless, the Algerian government wants to make a fresh start by investing in this unique desert. ‘The locomotive of the entire tourism sector in Algeria is the Sahara’, Algerian Tourism Minister Mohamed Benmeradi told ANSAmed. ‘This is a place no other country in the world can boast…read more

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Medco Energi Establishes JOC for Libya Ops.

Indonesia’s PT Medco Energi Internasional, through its subsidiary Medco International Ventures Ltd. has officially established a joint operating company (JOC) in Libya. The JOC is with partners NOC and the Libyan Investment Authority (LIA). The JOC is named Nafusah Oil Operations.

MedcoEnergi will own an interest of 24.5%, while NOC and LIA will own interest of 51% and 24.5% respectively of the JOC.

The establishment of the LIA follows its successful exploration program on Area 47. The exploration program saw 18 out of 20 well a discovery…read more

Subex Enters Libyan Market

Subex Ltd, a leading global provider of Business Support Systems (BSS) for Communications Service Providers (CSPs), has announced that it has been selected to provide its industry leading ROC Revenue Assurance and Fraud Management solutions to Almadar, a premier telecom operator in Libya.

In a competitive bid, Subex was selected for its market leadership, product superiority and domain expertise in the Revenue Assurance and Fraud Management space.

Jamal Hegag, Chairman, Almadar said:

“We are taking a fresh approach to our business proposition…read more

US-Libyan Relations are Strategic in All Areas

The head of the interim government Mr. Ali Zaidan said in his meetings in Washington with U.S. officials which aimed at the development of bilateral relations and taking care of the future relations between Libya and the United States of America.

Zaidan said in his talks with the U.S. Secretary of State Mr. John Kerry, leader of the U.S. Democrats House of Representatives Mr. Nancy Pelos and Deputy U.S. Treasury Secretary – that the talks also aimed at the importance of strengthening Libyan-American relations in various fields to achieve the objectives for the best of the two peoples of both countries…read more