Middle East Economic Survey
Libya Sets Up Oil Revenue Reserve Fund
The Libyan government has decided to set up an investment fund with a capital of $10bn from surplus oil revenue, according to a report by Libyas Jamahiriya News Agency, JANA. The fund will be managed by the Libyan Investment Council and will invest its capital in safe commercial activities. It will also be authorized to lend money to public utility projects, provided the investments can be...