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Libyan Stock Exchange
The Libyan Exchange Stock Market ( ar, سوق الأوراق المالية الليبي) officially opened in Tripoli, Libya, during March 2007. Background The Libyan Stock Market (LSM) was established by Suliman Alshahmy by Decision No. (134) of the General People's Committee (GPCO), on June 3, 2006, to form a joint stock company with capital of 20 million Libyan dinars, divided into 2 million shares with a nominal value of 10 LD per share. The first phase focused on introducing financial definitions and rules, the addition of several workshop courses, and a series of agreements with the Amman Stock Exchange and Cairo & Alexandria Stock Exchange and the Egyptian Company for Clearance and deposit. Listed market securities include the National Mills and Fodder Company, the United Insurance Company, Bank of deserts, and the Libyan Insurance Company, Sahari Bank, and the Hay Alandalus Domestic Bank. The volume of subscription on July 2, 2007, totalled 49539 shares, with a total val ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stock Exchange
A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividends. Securities traded on a stock exchange include stock issued by listed companies, unit trusts, derivatives, pooled investment products and bonds. Stock exchanges often function as "continuous auction" markets with buyers and sellers consummating transactions via open outcry at a central location such as the floor of the exchange or by using an electronic trading platform. To be able to trade a security on a certain stock exchange, the security must be listed there. Usually, there is a central location for record keeping, but trade is increasingly less linked to a physical place as modern markets use electronic communic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tripoli, Libya
Tripoli (; ar, طرابلس الغرب, translit= Ṭarābulus al-Gharb , translation=Western Tripoli) is the capital and largest city of Libya, with a population of about 1.1 million people in 2019. It is located in the northwest of Libya on the edge of the desert, on a point of rocky land projecting into the Mediterranean Sea and forming a bay. It includes the port of Tripoli and the country's largest commercial and manufacturing center. It is also the site of the University of Tripoli. The vast barracks, which includes the former family estate of Muammar Gaddafi, is also located in the city. Colonel Gaddafi largely ruled the country from his residence in this barracks. Tripoli was founded in the 7th century BC by the Phoenicians, who gave it the Libyco-Berber name ( xpu, 𐤅𐤉𐤏𐤕, ) before passing into the hands of the Greek rulers of Cyrenaica as Oea ( grc-gre, Ὀία, ). Due to the city's long history, there are many sites of archeological signi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Libya
Libya (; ar, ليبيا, Lībiyā), officially the State of Libya ( ar, دولة ليبيا, Dawlat Lībiyā), is a country in the Maghreb region in North Africa. It is bordered by the Mediterranean Sea to the north, Egypt to Egypt–Libya border, the east, Sudan to Libya–Sudan border, the southeast, Chad to Chad–Libya border, the south, Niger to Libya–Niger border, the southwest, Algeria to Algeria–Libya border, the west, and Tunisia to Libya–Tunisia border, the northwest. Libya is made of three historical regions: Tripolitania, Fezzan, and Cyrenaica. With an area of almost 700,000 square miles (1.8 million km2), it is the fourth-largest country in Africa and the Arab world, and the List of countries and outlying territories by total area, 16th-largest in the world. Libya has the List of countries by proven oil reserves, 10th-largest proven oil reserves in the world. The largest city and capital, Tripoli, Libya, Tripoli, is located in western Libya and contains over ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
General People's Committee
The General People's Committee ( ar, اللجنة الشعبية العامة, ''al-lajna ash-sha'biyya al-'āmma''), often abbreviated as the GPCO, was the executive branch of the government of Libya, during the existence of Muammar Gaddafi's Libyan Arab Jamahiriya. It served as the intermediary between the masses and government leadership and was composed of the List of heads of government of Libya#Libyan Arab Jamahiriya (1977–2011), Secretary-General and twenty secretaries of some 600 local Basic People's Congress (political), Basic People's Congresses (BPC), GPCO members were elected by the country's parliament, the General People's Congress (Libya), General People's Congress (GPC), and had no fixed terms. It was the rough equivalent of the Cabinet (government), cabinet in many republics, Constitutional democracy, constitutional democracies, and constitutional monarchy, constitutional monarchies, as well as the Executive Board of the rival National Transitional Council, whi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joint Stock Company
A joint-stock company is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares (certificates of ownership). Shareholders are able to transfer their shares to others without any effects to the continued existence of the company. In modern-day corporate law, the existence of a joint-stock company is often synonymous with incorporation (possession of legal personality separate from shareholders) and limited liability (shareholders are liable for the company's debts only to the value of the money they have invested in the company). Therefore, joint-stock companies are commonly known as corporations or limited companies. Some jurisdictions still provide the possibility of registering joint-stock companies without limited liability. In the United Kingdom and in other countries that have adopted its model of company law, they are known as unlimited companies. In t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Libyan Dinar
The dinar ( ar, دينار (); currency sign, sign: LD in Latin alphabet, Latin, ل.د in Arabic script, Arabic; ISO 4217, code: LYD) is the official currency of Libya. The dinar is divided into 1,000 dirhams (). It is issued by the Central Bank of Libya, which also supervises the banking system and regulates credit. History It was introduced in September 1971 and replaced the Libyan pound, pound at par. The currency was pegged to the special drawing rights at a rate of 2.80 SDRs per dinar. In 1972, the Libyan Arab Foreign Bank was established to deal with overseas investment. In February 1973, the dinar was pegged to the US dollar at a rate of 0.29679 dinar per dollar (LD 1 = US$3.37), which was maintained until 1986. The peg was switched to the special drawing rights on 18 March 1986, with 1 dinar = 2.80 SDRs. On 1 May 1986, the dinar was allowed to trade in a 7.5% range of 2.80 SDRs. This range was expanded several times. The currency started to devalue gradu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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