Libyan Investment Corporation
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Libyan Investment Corporation
The Libyan Investment Authority (LIA) (المؤسسة الليبية للاستثمار) is a government-managed sovereign wealth fund and holding company headquartered in Tripoli, Libya. It was established on August 28, 2006, by Decree 208 of the General People's Committee of Libya (GPC), after the lifting of economic sanctions that had previously precluded foreign investment in Libya. The LIA oversees and manages investments in various areas including agriculture, real estate, infrastructure, oil and gas and in shares and bonds. It is Africa's largest sovereign wealth fund. The fund is a member of the International Forum of Sovereign Wealth Funds and is therefore signed up to the Santiago Principles on best practice in managing sovereign wealth funds. In December 2021 the fund had US$ 67 billion in assets under management. Purpose The LIA was established in August 2006 to manage Libya's mounting oil revenue surplus and is headquartered in Tripoli. The LIA counts the assets of ...
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Sovereign Wealth Fund
A sovereign wealth fund (SWF), sovereign investment fund, or social wealth fund is a state-owned investment fund that invests in real and financial assets such as stocks, bonds, real estate, precious metals, or in alternative investments such as private equity fund or hedge funds. Sovereign wealth funds invest globally. Most SWFs are funded by revenues from commodity exports or from foreign-exchange reserves held by the central bank. Some sovereign wealth funds may be held by a central bank, which accumulates the funds in the course of its management of a nation's banking system; this type of fund is usually of major economic and fiscal importance. Other sovereign wealth funds are simply the state savings that are invested by various entities for the purposes of investment return, and that may not have a significant role in fiscal management. The accumulated funds may have their origin in, or may represent, foreign currency deposits, gold, special drawing rights (SDRs) and ...
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Tony Blair
Sir Anthony Charles Lynton Blair (born 6 May 1953) is a British former politician who served as Prime Minister of the United Kingdom from 1997 to 2007 and Leader of the Labour Party from 1994 to 2007. He previously served as Leader of the Opposition from 1994 to 1997, and had served in various shadow cabinet posts from 1987 to 1994. Blair was the Member of Parliament (MP) for Sedgefield from 1983 to 2007. He is the second longest serving prime minister in modern history after Margaret Thatcher, and is the longest serving Labour politician to have held the office. Blair attended the independent school Fettes College, and studied law at St John's College, Oxford, where he became a barrister. He became involved in Labour politics and was elected to the House of Commons in 1983 for the Sedgefield constituency in County Durham. As a backbencher, Blair supported moving the party to the political centre of British politics. He was appointed to Neil Kinnock's shadow cabinet ...
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Goldman Sachs
Goldman Sachs () is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, Hong Kong, Tokyo, Dallas and Salt Lake City, and additional offices in other international financial centers. Goldman Sachs is the second largest investment bank in the world by revenue and is ranked 57th on the Fortune 500 list of the largest United States corporations by total revenue. It is considered a systemically important financial institution by the Financial Stability Board. The company has been criticized for a lack of ethical standards, working with dictatorial regimes, close relationships with the U.S. federal government via a "revolving door" of former employees, and driving up prices of commodities through futures speculation. While the company has appeared on the 100 Best Companies to Work For list compiled by ''Fortune'' ...
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Abdulrahman Ben Yezza
Abdulrahman Ben Yezza ( ar, عبد الرحمن عبدالله بن يزة) is a Libyan businessman and politician who is the Oil Minister in the government of Abdurrahim El-Keib. Prior to the 2011 Libyan Civil War, Ben Yezza served as "chairman of the operator's management committee" for Italian oil company Eni. He also worked for Libya's National Oil Corporation during Libya's governance by Muammar Gaddafi, but he quit the company voluntarily due to reported differences with its then-leader Shokri Ghanem, a member of Gaddafi's inner circle. In 2014 the Libyan government has named Abdulrahman Ben Yezza as chairman of the Libyan Investment Authority (LIA). He temporarily replaced AmbdulMagid Breish who had to step out pending investigation into his role in the Gaddafi administration. Ben Yezza was originally considered for an appointment to government under the interim administration of Mahmoud Jibril, the National Transitional Council's prime minister during the fight to ov ...
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Ali Tarhouni
Ali Abdussalam Tarhouni ( ar, علي عبد السلام الترهوني, born 1951) is a Libyan economist and politician. Tarhouni served as the minister for oil and finance on the National Transitional Council, the provisional governing authority in Libya, from 23 March to 22 November 2011. He acted in the capacity of interim prime minister of Libya during the departure of outgoing incumbent Mahmoud Jibril from 23 October 2011 until Abdurrahim El-Keib was formally named to succeed Jibril on 31 October. Early life and education Born in Libya, Tarhouni studied economics at the University of Libya, until fleeing the country in 1973. He was stripped of citizenship, sentenced to death in absentia, and put on a government hit list in 1981. After immigrating to the United States, Tarhouni continued his studies, earning a master's degree (1978) and a PhD (1983) from Michigan State University. From 1985 up until the outbreak of the Libyan revolution, he had been a popular senior lec ...
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KPMG
KPMG International Limited (or simply KPMG) is a multinational professional services network, and one of the Big Four accounting organizations. Headquartered in Amstelveen, Netherlands, although incorporated in London, England, KPMG is a network of firms in 145 countries, with over 265,000 employees and has three lines of services: financial audit, tax, and advisory. Its tax and advisory services are further divided into various service groups. Over the past decade various parts of the firm's global network of affiliates have been involved in regulatory actions as well as lawsuits. The name "KPMG" stands for "Klynveld Peat Marwick Goerdeler". The initialism was chosen when KMG (Klynveld Main Goerdeler) merged with Peat Marwick in 1987. History Early years and mergers In 1818, John Moxham opened a company in Bristol. James Grace and James Grace Jr. bought John Moxham & Co. and renamed it James Grace & Son in 1857. In 1861, Henry Grace joined James Jr. and t ...
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Financial Times
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nikkei, with core editorial offices across Britain, the United States and continental Europe. In July 2015, Pearson sold the publication to Nikkei for £844 million (US$1.32 billion) after owning it since 1957. In 2019, it reported one million paying subscriptions, three-quarters of which were digital subscriptions. The newspaper has a prominent focus on financial journalism and economic analysis over generalist reporting, drawing both criticism and acclaim. The daily sponsors an annual book award and publishes a " Person of the Year" feature. The paper was founded in January 1888 as the ''London Financial Guide'' before rebranding a month later as the ''Financial Times''. It was first circulated around metropolitan London by James Sherid ...
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Juventus F
Juventus Football Club (from la, iuventūs, 'youth'; ), colloquially known as Juve (), is a professional Association football, football club based in Turin, Piedmont, Italy, that competes in the Serie A, the top tier of the Italian football league system. Founded in 1897 by a group of Torinese students, the club has worn a black and white striped home kit since 1903 and has played home matches in different grounds around its city, the latest being the 41,507-capacity Juventus Stadium. Nicknamed ''Vecchia Signora'' ("the Old Lady"), the club has won 36 official List of Italian football champions, league titles, 14 Coppa Italia titles and nine Supercoppa Italiana titles, being the record holder for all these competitions; two Intercontinental Cup (football), Intercontinental Cups, two UEFA Champions League, European Cups / UEFA Champions Leagues, one UEFA Cup Winners' Cup, European Cup Winners' Cup, a joint national record of three UEFA Europa League, UEFA Cups, two UEFA Super Cups a ...
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Terrorism
Terrorism, in its broadest sense, is the use of criminal violence to provoke a state of terror or fear, mostly with the intention to achieve political or religious aims. The term is used in this regard primarily to refer to intentional violence during peacetime or in the context of war against non-combatants (mostly civilians and neutral country, neutral military personnel). The terms "terrorist" and "terrorism" originated during the French Revolution of the late 18th century but became widely used internationally and gained worldwide attention in the 1970s during The Troubles, the Troubles in Northern Ireland, the Basque conflict, and the Israeli–Palestinian conflict. The increased use of suicide attacks from the 1980s onwards was typified by the 2001 September 11 attacks in the United States. There are various different definitions of terrorism, with no universal agreement about it. Terrorism is a Loaded language, charged term. It is often used with the connotation of some ...
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Wouter Bos
Wouter Jacob Bos (; (born 14 July 1963) is a retired Dutch politician of the Labour Party (PvdA) and businessman. Bos attended the Christian Gymnasium in Zeist from June 1975 until July 1980 and applied at the Vrije Universiteit Amsterdam in June 1981 majoring in Political science and Economics obtaining a Bachelor of Social Science degree and a Bachelor of Economics degree in June 1984 before graduating with a Master of Social Science degree and a Master of Economics degree in July 1988. Bos worked as a human resource manager for Royal Dutch Shell from August 1988 until May 1998 in Pernis from August 1988 until September 1989 in Rotterdam from September 1989 until July 1991 in Bucharest, Romania from July 1991 until April 1993 in Hong Kong from April 1993 until November 1995 and in London, England from November 1995 until May 1998. Bos was elected as a Member of the House of Representatives after the election of 1998, taking office on 19 May 1998 serving as a frontbench ...
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Fortis (finance)
Fortis, formally Fortis N.V./S.A., was a Benelux-centered global financial services group active in insurance, banking and investment management, initially formed in 1990 by a three-way Belgian-Dutch merger and headquartered in Brussels. It grew rapidly through multiple acquisitions, and in 2007 was the 20th largest financial services business in the world by revenue. It was listed on the Euronext Brussels, Euronext Amsterdam, and Luxembourg stock exchanges. Fortis encountered severe problems in the financial crisis of 2008, not least as a consequence of participating in 2007 in the joint acquisition of ABN AMRO together with Royal Bank of Scotland Group and Banco Santander. It received an emergency bailout from the governments of Belgium and the Netherlands and was broken up soon thereafter. As a consequence: * Fortis Bank Nederland was nationalised by the Dutch government and merged in July 2010 with ABN AMRO's former Dutch operations, which had not yet been integrated with Fo ...
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Doha
Doha ( ar, الدوحة, ad-Dawḥa or ''ad-Dōḥa'') is the capital city and main financial hub of Qatar. Located on the Persian Gulf coast in the east of the country, north of Al Wakrah and south of Al Khor, it is home to most of the country's population. It is also Qatar's fastest growing city, with over 80% of the nation's population living in Doha or its surrounding suburbs. Doha was founded in the 1820s as an offshoot of Al Bidda. It was officially declared as the country's capital in 1971, when Qatar gained independence from being a British protectorate. As the commercial capital of Qatar and one of the emergent financial centers in the Middle East, Doha is considered a beta-level global city by the Globalization and World Cities Research Network. Doha accommodates Education City, an area devoted to research and education, and Hamad Medical City, an administrative area of medical care. It also includes Doha Sports City, or Aspire Zone, an international sports dest ...
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