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Libya’s Wealth Fund In Leadership Showdown
...rsue legal cases on behalf of the LIA, but no power to transfer or dispose of LIA assets. In practice this is academic as the funds are largely frozen under UN sanctions imposed in 2011. According to a 2012 audit by Deloitte, the LIA has holdings estimated at $67bn. The establishment of the st...
Volume: 59Issue: 35Published at Fri, 02 Sep 2016 -
Indonesia’s Medco Returns To Tunisia As N American Firms Pull Back From MENA
...7.7mn sold Medco its Storm Ventures International subsidiary that holds the rights to the blocks. The deal once again gives Medco a foothold in Tunisia after it had relinquished its blocks in the country in 2011. Unlike other North African countries such as Libya and Algeria, Tunisia is not a major oi...
Volume: 57Issue: 35Published at Fri, 29 Aug 2014 -
MEES Profile: Qatar’s Overseas Investment Strategy
...vestment In parallel with, but apart from, QP’s overseas purchases, QIA had been buying energy assets, starting in 2011 – with stakes in European utility firms Energias de Portugal and Spanish electricity supplier Iberdrola. In 2012, it bought 3% stakes in Total and Shell and remains in talks to boost its Sh...
Volume: 56Issue: 35Published at Fri, 30 Aug 2013