VOL. XLII

No 43

25-October-1999

LIBYA

Arbift痴 Assets Will Not Be Unfrozen Says Daley

During a visit to the GCC (see related story page B3), USCommerce Secretary William Daley said that despite the current suspension of USsanctions on Libya, the assets of the UAE-based Arab Bank for Investment andForeign Trade (Arbift) would not be released. The UAE痴 Minister of Economy andCommerce, Mr. Fahim ibn Sultan al-Qasami, speaking at a press conference on 17October, called on the US to lift the freeze on...