Banca UBAE boss Sharef Shalabi in al Kabir's sights
The Libyan Foreign Bank (LFB), which has just been brought back under the control of Central Bank of Libya (CBL) [...]
As the rival governments in Tripoli and Tobruk negotiate fiercely over the creation of a national unity government, two blocs are fighting for control of the Libyan Investment Authority (LIA). The first, which is backed by Tobruk, is led by former Aref Ali Nayed aides in the Libyan Stabilisation Team set up after the revolution.
Short of cash, the rival governments of Tripoli and Tobruk are fighting over the assets of the rich Libya Africa Investment Portfolio (LAP or LAIP) that houses Muammar Gaddafi’s African investments. The battle, which is pitting the two rival branches [.
Officially "neutral" with regards Libya's rival governments, the Libyan Investment Authority (LIA) is nonetheless increasingly in the hands of associates of Faysel Gergab, who is himself close to the Tobruk government. On Feb. 6, the sovereign Libyan fund liquidated its [.