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Top Interviews
National Commercial Bank: Strategy to Become the Best Bank in Libya
Suleiman E. Alazzabi, Managing Director of National Commercial Bank (NCB)
National Commercial Bank expects 5 to 10% growth of the Libyan banking sector in 2013/2014. As a part of their strategy, National Commercial Bank plans to establish a financial leasing company that will merge the traditional commercial side with the Islamic one, and an IT company. The Bank’s vision is to be the market leader in terms of transparency, quality and quantity of products. The MD is sure the National Commercial Bank will differentiate from other Libyan banks in terms of services and transparency during 2014/2015.
Libyan Ministry of Transportation: New deals for ports, airports, railways and road projects
Abdel-Qader Mohamed Ahmed Al-Ayib, Minister of Transportation of Libya
The infrastructure in Libya has been damaged in all areas during the revolution or during the pre-revolution period and all the projects have been detained, so the Ministry of Transport of Libya has to take on a huge reconstruction of the infrastructure in Libya. ADPI (Aeroports de Paris) have started their project for the Tripoli International Airport and a Canadian Lavalin is going to build the new Benina International Airport in Benghazi.
Industry: Libyan Industrial Policy — 30% of GDP by 2030
Suleiman Ali Al-Taif Al-Fitur, Minister of Industry of Libya
Regarding our plan for industry, the Ministry of Industry has a vision that is to focus on the industrial opportunities in mining in order to raise the country’s GDP; by 2030 we want to increase our contribution to Libyan GDP to 30%.
Jumhouria Bank: Leading the Libyan Banking Space, Maintaining Top Position
Ahmed I. Rajab, General Manager of Jumhouria Bank, the largest bank in Libya
Jumhouria Bank is the largest bank in Libya and was the result of a merger between Al Ummah Bank and Jumhouria Bank. Now we have a total capital of about 1 billion Libyan dinar and total assets for 2012 of 33 billion Libyan dinar on the balance sheet and 12 billion dinar off the balance sheet for a total of about 44 billion Libyan dinar.
Water in Libya: Major Investment Projects
Eng. El-Hadi S. Hensher, Minister of Water Resources of Libya
In regards to investments, we set out budget according to the plans and strategies of these institutions that are under our authorities. In this year, a budget of 268 million Libyan dinars was set and divided to the related sectors, 20 million Libyan dinars for ministry’s council, 19 million Libyan dinars for the public body for waste, 37 million Libyan dinars for the public company for water and sewerage and 156 million Libyan dinars for the management responsible for executing and managing the manmade river project.
Libya: Detailed Overview of the Telecom Sector
Eng. Usama Siala, Minister of Communications and Informatics of Libya
In 2013 we are going to be signing at least 2 major contracts for the modernisation of the two mobile operators. These are the two biggest projects and we also have quite a few other smaller projects. For Libyana, we estimate around 230 to 250 million Libyan dinars of investment and it will be around the same for Almadar.
Libya’s Culture: Culture in Libya Not a Dividing Factor
Habib Mohammed Al-Amin, Minister of Culture and Civil Society of Libya
Libya is recognized for many famous writers and poets, some of them known internationally.