The Libyan Investment Authority confirmed the termination of the receivership in London and taking actions to restore control and supervision of the investment funds. On its official page, on Wednesday, the Libyan Investment Authority said that it is its responsibility not to allow the parallel institutions to damage the assets …
Read More »Chairman of LIA raises concern about GNA-appointed Steering Committee Actions
(Author: Libyan Gazette Editorial Staff) AbdulMagid Breish, Chairman of the Libyan Investment Authority (LIA) in Tripoli, expressed his disapproval of Chairman of the LIA “steering committee,” lead by Ali Mahmoud Hassan Mohamed, who has attempted to speak on behalf of the LIA in Italy on Monday. “It is deeply disappointing …
Read More »Libyan Investment Authority Board Challenged
(Author: Libyan Gazette Editorial Staff) Abdul-Magid Breish, who claims to be the chairman of the Libyan Investment Authority (LIA), said on Monday that he disapproves the appointment of a panel by the UN-backed Libyan unity government (GNA). Breish said that because he was not officially told to resign, he will …
Read More »Western Superpowers Support Appointment of Panel to Manage Libya’s State Fund
(Author: Libyan Gazette Editorial Staff) On Thursday, the governments of the US, France, Italy, Germany, Spain and the UK said that they support the decision of the Government of National Accord (GNA) to appoint a panel that will direct the Libyan Investment Authority (LIA) in its management of Libya’s state …
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