Compensation to each Afriqiyah crash victim's family - Each family of the victims of the Afriqiyah Airways' A3330-200 crash received an initial compensation of US$ 100,000, the secretary of the airline, Sabri Chadi, revealed here Friday.In an interview with PANA, Chadi disclosed that the compensation figure was worked out based on many factors, including the victims' countries of residence.He said the insurance arrangements were being made according to international laws and the legal systems
The price of OPEC basket of twelve crudes stood at 74.19 dollars a barrel on Thursday, compared with $73.26 the previous day, according to OPEC Secretariat calculations.
Cleaning and pest control group Rentokil Initial maintained on Friday its full-year guidance despite tough trading conditions across several markets. The company said that intense competition had squeezed sales amid a 'continued strong pricing pressure in a number of categories'. Profits in the first half rose 39 per cent to £77million, helped by a cost-cutting drive which led to 250 job axes following the closure of a delivery hub for the company's City Link
Expert advocates strategies for purifying waste water - Countries with shortage of water, be they African or for eign, rich or poor, should find a strategy for purifying waste water for re-use in order to promote and diversify their water potentials, according to a top French water expert.In an exclusive interview with PANA Thursday, the last day of the two-day worksh op on "the appropriate techniques for the purification of waste water in Libya",
While there is opportunity in the office and retail segments, it is Libya's massively under-developed tourism industry that could represent a potential goldmine. "Libya offers a niche market for tourism that is based on historic and cultural interest. It has one of the world's best examples of Roman architecture, which has been preserved due to isolation from high impact tourism," said Margaret Palmer, design director, Wilson Associates, Abu Dhabi.Hotel chains from around the world
Delegation of Italian mayors visits Kadhafi - Libyan leader Muammar Kadhafi, on Thursday received a delegation of Italian mayors, in Libya to take part in an international photo exhibition in Tripoli, the Libyan capital.The exhibition, held first on the Italian Islands of Tremti and Ostica, is part of festivities initiated by Italy on the occasion of the first anniversary of Kadhafi's visit to Rome, the Italian capital, 10 June, 2009.During their meeting in Sabha,
Mashreq's second-quarter net profit more than halved as Dubai's largest bank by market value booked higher provisions against bad loans.Its net profit was 202 million dirhams ($55.01 million) for the three months to June 30, based on Reuters calculations, down from 434.9 million dirhams.Mashreq reported a first-half net profit of 453 million dirhams in a statement on Thursday."We see signs of recovery and are optimistic of early economic turnaround," said Chief Executive Abdul Aziz
B2G consortium, Redspect international and Core international procurement, a group of companies based in the UK and Tripoli, Libya,have recently invested a undisclosed sum to buy stone quarry in Libya.The group of companies is highly respected because of the personal connections that the company’s International contracts director Mr. Mike Rouse has built over 30 years. Mike has been facilitating for major corporate clients for most of his business life and hopes to bring even