Qatar To Invest $8bn in Libyan Companies

Via The Financial Times, news that Qatar will invest about $8bn in Libyan companies in the financial services, energy and real estate sectors.  As the article notes:

“…Libya, with a population of 5 million and the biggest oil reserves in Africa, is moving to modernise, but faces an uphill struggle in a command economy where cash is still king, firms battle to get credit and politics dictate the progress of reform.”

This entry was posted on Wednesday, July 2nd, 2008 at 10:34 am and is filed under Libya, Qatar.  You can follow any responses to this entry through the RSS 2.0 feed.  Both comments and pings are currently closed. 

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Wildcats & Black Sheep is a personal interest blog dedicated to the identification and evaluation of maverick investment opportunities arising in frontier - and, what some may consider to be, “rogue” or “black sheep” - markets around the world.

Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.