Sunday July 6, 2008
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Latest Libya Banking News

  • OPEC president warns no end to oil price rises 6 Jul 2008 14:30 GMT
    ... OPEC president warns no end to oil price rises ... fact is that the embargo imposed by Libya has prevented any increase of investment in ... a difficult second half with Asia's central banks now ready to sacrifice growth to combat ...

  • After the Grand Regency Libyan buy out, Kuwaitis eye Intercont 6 Jul 2008 13:55 GMT
    ... Even before the dust settles on the controversy over ... Grand Regency Hotel to interests linked to Libya — it has emerged that a company ... are the Intercontinental Hotel Group, the National Bank of Kenya and the Sovereign Group Ltd. Curiously, ...

  • Iran says Gulf oil route at risk if attacked 5 Jul 2008 18:14 GMT
    ... Iran says Gulf oil route at risk if attacked ... calls for Opec to raise crude output. Libya also threatened on Friday to cut crude ... the widespread expectation that the European Central Bank (ECB) will increase interest rates on July 3, ...

  • When it comes to the crunch 5 Jul 2008 11:16 GMT
    ... Mr Tayto is to hop on a plane to feed the snack-hungry Libyans, Hibernia hopes to triple its membership in ... sheriff was far more supportive than our banks," Fergus remembered. Crucially, they tried not to ...

  • FACTBOX - Sanctions against Iran 5 Jul 2008 08:27 GMT
    ... -- The same year, U.S. Congress passed the Iran-Libya Sanctions Act (ILSA) - (Reuters) - Iran ... including an asset freeze on its biggest bank, over its refusal to meet demands to ...

  • Egypt struggles to curb rapid population growth 5 Jul 2008 06:15 GMT
    ... Egypt struggles to curb rapid population growth Published: Saturday, ... than 15, and according to the World Bank, women make up only around 22% of ... Egyptians a year try to reach Europe, Libya or the Gulf countries in search of ...

  • Currency Intervention Won't Halt the U.S. Dollar's Nosedive 5 Jul 2008 04:33 GMT
    ... Some observers claim that now is the time for ... is the time for a coordinated central bank intervention to reverse the dollar's decline. Those who ... fact that Asian and Middle East central banks have been unsuccessfully intervening on the dollar's ...

  • Libyan Arab African Investment ordered to halt transactions 5 Jul 2008 04:32 GMT
    ... Libyan Arab African Investment ordered to halt transactions ... conspiracy between Uhuru Highway Development LTD, Central Bank of Kenya and Libyan Arab African Investment Co.K ...

  • Commitee recommends Kimunya to step down 5 Jul 2008 04:32 GMT
    ... Written By:Lilian Mwendo , Posted: Thu, Jul 03, ... major general Michael Gichagi , and Central Bank of Kenya governor Njuguna Ndungu. The Wako team ... of the Grand regency hotel to the Libyan government cancelled. The report was to be ...

  • Protestors Demand Firing of Finance Minister 5 Jul 2008 04:29 GMT
    ... Embattled Finance minister Amos Kimunya Thursday said he ... new owners of the hotel from securing bank loans using the property as a security. The ... the Government would ensure "good relations with Libya" are not affected. Lands minister James Orengo's ...

  • Egypt tries to stem population growth 4 Jul 2008 20:55 GMT
    ... Cairo: Red and white banners along Nile bridges and ... than 15, and according to the World Bank, women make up only around 22 per ... Egyptians a year try to reach Europe, Libya or the Gulf countries in search of ...

  • Kenya: Court Stops Hotel Transactions Over Corruption Charges 4 Jul 2008 15:10 GMT
    ... The High Court has stopped a Libyan company, the new owners of the Grand ... He says the decision by the Central Bank of Kenya to secretly transfer the hotel will ...

  • Court Stops Hotel Transactions Over Corruption Charges 4 Jul 2008 13:57 GMT
    ... The High Court has stopped a Libyan company, the new owners of the Grand ... He says the decision by the Central Bank of Kenya to secretly transfer the hotel will ...

  • FACTBOX: Sanctions against Iran 4 Jul 2008 13:12 GMT
    ... -- The same year, U.S. Congress passed the Iran-Libya Sanctions Act (ILSA) - (Reuters) - will ... including an asset freeze on its biggest bank, over its refusal to meet demands to ...

  • Kenya: Protestors Demand Firing of Finance Minister 4 Jul 2008 12:08 GMT
    ... Embattled Finance minister Amos Kimunya Thursday said he ... new owners of the hotel from securing bank loans using the property as a security. The ... the Government would ensure "good relations with Libya" are not affected. Lands minister James Orengo's ...

  • Kenya: Raila Team Okays Probe Report 4 Jul 2008 10:01 GMT
    ... A Cabinet sub-committee has approved the investigation report on ... National Intelligence Services, Maj-Gen Michael Gichangi, Central Bank governor Njuguna Ndung'u and the secretary to the ... title deed from the CBK to the Libya Arab African Investment Company be declared null ...

  • Raila Team Okays Probe Report 4 Jul 2008 10:00 GMT
    ... A Cabinet sub-committee has approved the investigation report on ... National Intelligence Services, Maj-Gen Michael Gichangi, Central Bank governor Njuguna Ndung'u and the secretary to the ... title deed from the CBK to the Libya Arab African Investment Company be declared null ...

  • Central Bank - Why Hotel Auction Wasn't an Option 4 Jul 2008 10:00 GMT
    ... The Central Bank could not sell the Grand Regency Hotel through ... deal that transferred the hotel to the Libyan Arab African Investment Company (Kenya) Limited. ...

  • Hotel Owes Me Money, Says Receiver Manager 4 Jul 2008 09:08 GMT
    ... A receiver manager has gone to court seeking to ... Gichohi says the decision by the Central Bank of Kenya to secretly transfer the hotel will ... public interest compels the court to restrain Libyan Arab African Investment from interfering with it, ...

  • Kenya: Protests For Finance Minister to Be Fired 4 Jul 2008 06:31 GMT
    ... Embattled Finance minister Amos Kimunya Thursday said he ... new owners of the hotel from securing bank loans using the property as a security. The ... the Government would ensure "good relations with Libya" are not affected. Lands minister James Orengo's ...

  • Protests For Finance Minister to Be Fired 4 Jul 2008 06:31 GMT
    ... Embattled Finance minister Amos Kimunya Thursday said he ... new owners of the hotel from securing bank loans using the property as a security. The ... the Government would ensure "good relations with Libya" are not affected. Lands minister James Orengo's ...

  • Hotel tests Kenya coalition 4 Jul 2008 05:28 GMT
    ... Published: July 4 2008 03:00 | Last updated: ... deal recommended that he and the central bank governor should step down to allow a full ... state control, had been sold to a Libyan investment group in a deal struck behind ...

  • Kenya: Embassy Says Envoy is Still in Office 4 Jul 2008 04:34 GMT
    ... No Libyan diplomat has been recalled contrary to remarks ... between the investors and officials of Central Bank of Kenya was going on, is in office ...

  • Kenya: 90-Day Window for Refund in Case Deal Fails 4 Jul 2008 04:33 GMT
    ... The Government would have 90 days to refund the ... refund the Sh2.9 billion paid to the Libyan investors for the Grand Regency Hotel if ... Amos Kimunya. The sale agreement between Central Bank of Kenya lawyers, Muthoni Gichohi and Company, and ...

  • Kenya: Hotel Buyer a Heavy Investor in Africa 4 Jul 2008 04:33 GMT
    ... The mother company of a firm that bought the ... Regency Hotel is owned by the public Libyan Arab Foreign Investment Company. The Libyan Arab ... have Oilinvest, and the Libyan Arab Foreign Bank, which is responsible for financial matters," chairman ...


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