Your account has been succesfully created.

EN FR

Next issue: January 06, 2025

The Morning Brief
Log in

Password

Keep me logged in

Forgot your password?
Subscribe

Spotlight | Libya
One billion dollars keeps Ali Mahmoud Hassan at LIA helm

Ali Mahmoud Hassan, head of the LIA. © lia.ly

The chairman of Libya's sovereign wealth fund will remain in office in exchange for a payment of one billion dollars to the government. The money is a godsend for Prime Minister Abdelhamid Dabaiba, who may also be able to place his allies in the fund's subsidiaries. [...]

Published on 02/07/2021 at 06:00 GMT Reading time 3 minutes

This article may be accessed by subscribers

In order to ensure high-quality and independent journalism, Africa Intelligence relies solely on subscriptions from its readers, with no advertising, no events and no consulting work.

Several offers are available depending on your particular reading needs

Consult our offers

Do you want a free trial before subscribing?

Create your free account

Discover our work by making use of the following possibilities: daily newsletters, a selection of free articles, keyword alerts.

Do you want a free trial before subscribing?

create a free account

Politics

Set up email notifications for these topics

ABC Bank
Abdelhamid Dabaiba
Aguila Salah Issa
Ali Ibrahim Dabaiba
Ali Mahmoud Hassan
Central Bank of Libya
Council of State
EY
Gaddafi
Khaled al-Mishri
Khalifa Haftar
LAIP
Libyan Asset Recovery and Management Office
Libyan Foreign Investment Co
Libyan Investment and Development Company
Libyan Investment Authority
Libyan National Army
Libyan Political Dialogue Forum
Long-Term Portfolio
National Oil Corporation
Organisation for Development of Administrative Centers
State Department
United Nations Mission in Libya

Libya
Confidential EY report uncovers Libyan Investment Authority shortcomings

A report on the finances of the Libyan sovereign fund by the leading international auditor has found evidence of serious irregularities, including incomplete bank statements and opaque procedures.

Subscribers only Finance 15.06.2023

Spotlight | Libya
Dabaiba sticks behind LIA boss Ali Mahmoud Hassan despite Belgian arrest warrant

With an international arrest warrant issued by a Belgian judge hanging over his head, the chairman of the Libyan sovereign wealth fund, Ali Mahmoud Hassan, can still count on the prime minister's support. Meanwhile, the Libyan attorney general Siddiq Al-Sour has promised to improve judicial cooperation with Brussels.

Free access Politics 04.02.2022

Fom left to right: Siddiq Al-Sour, Abdelhamid Dabaiba, Al Seddik Omar Al-Kabir and Najla Al Mangoush. On the right: Ali Mahmoud Hassan.

Libya
Speaker Aguila Salah Issa sends MPs to Ankara to reconnect

Eight MPs from the House of Representatives in Tobruk are taking an offcial visit to Turkey. With elections just over a month away, this visit shows the east's desire to improve relations.

Subscribers only Diplomacy 11.11.2021

Libya
Washington seeks new sanctions to save elections

At the initiative of the United States, new asset freezes and travel bans could soon target those parties seeking to impede the elections scheduled - theoretically - for 24 December. Initially, these measures would not target the country's political heavyweights.

Subscribers only Diplomacy 10.11.2021

Libya, United States
Deloitte takes a plunge into Libyan oil for Washington

Auditing giant Deloitte has just signed two contracts with the United States to carry out studies on the Libyan oil sector.

Subscribers only Business 26.10.2021

In Focus | Libya
How Tripoli's ritzy 'Green Zone' Palm City rides the storm

Built just before the fall of the Gaddafi regime by the Pisani family-owned Maltese group Corinthia, the 413 villas of Palm City have become the place most diplomats and humanitarian expats in Tripoli call home.

Subscribers only Business, Diplomacy 18.10.2021

Libya
Mysterious document used in Haftar trial prompts internal government investigation

The Libyan government is seeking to clarify the circumstances surrounding a document bearing the letterhead of the Libyan government which was sent to Khalifa Haftar's lawyers and which several Tripoli officials claim is fake.

Subscribers only Politics 12.10.2021

Spotlight | Libya
Tripoli 'stabilisation' summit paves the way for postponing elections

The Libya Stabilisation Initiative meeting organised by Tripoli to get the crisis-recovery process back on track could lead elections slated for 24 December to be put off. Foreign minister Najla al-Mangoush is under pressure from prime minister Abdelhamid Dabaiba, who is in favour of such a postponement.

Subscribers only Diplomacy 06.10.2021

Libyan Foreign Minister Najla al-Mangoush

Libya
Spain's Arena leverages ties with Ammar al-Saudi clan into major contracts

When it comes to landing major infrastructure contracts in Libya, Spain's Arena Newman can rely on the networks of Ali Mohamed Saudi, the head of its local subsidiary and son of the star banker of the Gaddafi era, Abdullah Ammar al-Saudi.

Subscribers only Business 01.10.2021

Libya
How the NOC is trying to resurrect the ill-fated Mourzouq and Ghadames oil basins

Under-explored and under-developed due to the lack of stability in Libya, two oil basins in the south-west of the country could see their operations resume thanks to the proactive lobbying of the state-owned company NOC.

Subscribers only Energy 30.08.2021

Spotlight | Libya
Dabaiba reboots private investigators chasing Gaddafi loot

Prime Minister Abdelhamid Dabaiba took control of the institutions tasked with identifying and recovering the massive amounts of money misappropriated during the Gaddafi era. And since the beginning of his term in office, he has also contacted some of the private investigators who had offered their services to previous Libyan governments.

Subscribers only Politics 28.07.2021

Lybian Prime Minister Abdelhamid Dabaiba.

Libya
Dabaiba takes direct control of ODAC, a major recipient of public funds during the Gaddafi era

Libyan prime minister Abdelhamid Dabaiba has revived ODAC, the state-owned body which oversees major public sector infrastructure projects. It was long headed by his cousin Ali Ibrahim Dabaiba, who is suspected of having misappropriated massive amounts of public funds.

Subscribers only Infrastructure, Business 12.07.2021

Spotlight | Libya
Dabaiba takes asset hunt under his wing - to protect family

Libya's prime minister Abdelhamid Dabaiba has taken control of LARMO, the office charged with tracing millions of dollars worth of assets embezzled under Gaddafi's rule. The investigation points to state bodies LIDCO and ODAC, headed at the time by Dabaiba himself and his cousin Ali Ibrahim Dabaiba.

Subscribers only Business 23.06.2021

Libyan Prime Minister Abdelhamid Dabaiba.

Libya
Gaddafi's shadow hangs over Dabaiba's new government

Instead of the "technocratic" government he promised, Abdelhamid Dabaiba, a former businessman and political novice, has appointed a number of Gaddafi era figures to key ministerial posts.

Subscribers only Politics, Business 12.03.2021

Libyan parliament approves Abdelhamid Dabaiba's unity government in Sitre.

Libya
Libyan Foreign Bank: to stay in power, Sarraj wrests LFB back from Central bank boss al-Kabir

Fayez Sarraj hopes to use the lack of any political agreement on Libya's future to keep his job. He is seeking to shore up his position by bringing national financial institutions under his sway, with the help of National Oil Corp boss Mustafa Sanalla.

Free access Politics 27.11.2020

Spotlight | Libya
UNSMIL set to launch Tunis peace talks with no leader

The African Union has nixed the only candidate up for replacing Ghassan Salamé at the head of the UN mission. Interim chief Stephanie Williams' term expires on 3 November.

Subscribers only Politics 15.10.2020

The tenure of Stephanie Williams, interim head of UNSMIL, will expire on 3 November 2020.

Libya
EY audit is Libyan prosecutor's new weapon against LIA chairman

Prosecutor general Siddiq Al Sour may try to use the audit of the country's sovereign fund, a measure requested by the UN, to oust the fund's chairman and have him replaced with an associate of Interior Minister Fathi Bachagha.

Subscribers only Business 13.10.2020

Tripoli's prosecutor general Siddiq Al Sour.

Set up email notifications for these topics

ABC Bank
Abdelhamid Dabaiba
Aguila Salah Issa
Ali Ibrahim Dabaiba
Ali Mahmoud Hassan
Central Bank of Libya
Council of State
EY
Gaddafi
Khaled al-Mishri
Khalifa Haftar
LAIP
Libyan Asset Recovery and Management Office
Libyan Foreign Investment Co
Libyan Investment and Development Company
Libyan Investment Authority
Libyan National Army
Libyan Political Dialogue Forum
Long-Term Portfolio
National Oil Corporation
Organisation for Development of Administrative Centers
State Department
United Nations Mission in Libya

Once registered, you will be notified by a short message on your computer or mobile phone as soon as a new edition of our publication or an alert is published. Stay informed anytime, anywhere!

Libya
From Tripoli to Benghazi, Turkish trader BGN's oil odyssey

Senegal
Guns and oil drive Russia's Dakar courtship

Spotlight | Libya
One billion dollars keeps Ali Mahmoud Hassan at LIA helm

This article may be accessed by subscribers

Do you want a free trial before subscribing?

Create your free account

create a free account

Set up email notifications for these topics

Libya
Confidential EY report uncovers Libyan Investment Authority shortcomings

Spotlight | Libya
Dabaiba sticks behind LIA boss Ali Mahmoud Hassan despite Belgian arrest warrant

Libya
Speaker Aguila Salah Issa sends MPs to Ankara to reconnect

Libya
Washington seeks new sanctions to save elections

Libya, United States
Deloitte takes a plunge into Libyan oil for Washington

In Focus | Libya
How Tripoli's ritzy 'Green Zone' Palm City rides the storm

Libya
Mysterious document used in Haftar trial prompts internal government investigation

Spotlight | Libya
Tripoli 'stabilisation' summit paves the way for postponing elections

Libya
Spain's Arena leverages ties with Ammar al-Saudi clan into major contracts

Libya
How the NOC is trying to resurrect the ill-fated Mourzouq and Ghadames oil basins

Spotlight | Libya
Dabaiba reboots private investigators chasing Gaddafi loot

Libya
Dabaiba takes direct control of ODAC, a major recipient of public funds during the Gaddafi era

Spotlight | Libya
Dabaiba takes asset hunt under his wing - to protect family

Libya
Gaddafi's shadow hangs over Dabaiba's new government

Libya
Libyan Foreign Bank: to stay in power, Sarraj wrests LFB back from Central bank boss al-Kabir

Spotlight | Libya
UNSMIL set to launch Tunis peace talks with no leader

Libya
EY audit is Libyan prosecutor's new weapon against LIA chairman

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

About Africa Intelligence

Subscription

Indigo Publications' websites

Libya From Tripoli to Benghazi, Turkish trader BGN's oil odyssey

Senegal Guns and oil drive Russia's Dakar courtship

Kinshasa's pan-African plans for Grand Inga

Cabo Delgado: a gas Eldorado and security nightmare

East Africa's hotly contested coffee sector

Spotlight | Libya One billion dollars keeps Ali Mahmoud Hassan at LIA helm

This article may be accessed by subscribers

Do you want a free trial before subscribing?

Create your free account

create a free account

Set up email notifications for these topics

Libya Confidential EY report uncovers Libyan Investment Authority shortcomings

Spotlight | Libya Dabaiba sticks behind LIA boss Ali Mahmoud Hassan despite Belgian arrest warrant

Libya Speaker Aguila Salah Issa sends MPs to Ankara to reconnect

Libya Washington seeks new sanctions to save elections

Libya, United States Deloitte takes a plunge into Libyan oil for Washington

In Focus | Libya How Tripoli's ritzy 'Green Zone' Palm City rides the storm

Libya Mysterious document used in Haftar trial prompts internal government investigation

Spotlight | Libya Tripoli 'stabilisation' summit paves the way for postponing elections

Libya Spain's Arena leverages ties with Ammar al-Saudi clan into major contracts

Libya How the NOC is trying to resurrect the ill-fated Mourzouq and Ghadames oil basins

Spotlight | Libya Dabaiba reboots private investigators chasing Gaddafi loot

Libya Dabaiba takes direct control of ODAC, a major recipient of public funds during the Gaddafi era

Spotlight | Libya Dabaiba takes asset hunt under his wing - to protect family

Libya Gaddafi's shadow hangs over Dabaiba's new government

Libya Libyan Foreign Bank: to stay in power, Sarraj wrests LFB back from Central bank boss al-Kabir

Spotlight | Libya UNSMIL set to launch Tunis peace talks with no leader

Libya EY audit is Libyan prosecutor's new weapon against LIA chairman

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Libya
From Tripoli to Benghazi, Turkish trader BGN's oil odyssey

Senegal
Guns and oil drive Russia's Dakar courtship

Spotlight | Libya
One billion dollars keeps Ali Mahmoud Hassan at LIA helm

Libya
Confidential EY report uncovers Libyan Investment Authority shortcomings

Spotlight | Libya
Dabaiba sticks behind LIA boss Ali Mahmoud Hassan despite Belgian arrest warrant

Libya
Speaker Aguila Salah Issa sends MPs to Ankara to reconnect

Libya
Washington seeks new sanctions to save elections

Libya, United States
Deloitte takes a plunge into Libyan oil for Washington

In Focus | Libya
How Tripoli's ritzy 'Green Zone' Palm City rides the storm

Libya
Mysterious document used in Haftar trial prompts internal government investigation

Spotlight | Libya
Tripoli 'stabilisation' summit paves the way for postponing elections

Libya
Spain's Arena leverages ties with Ammar al-Saudi clan into major contracts

Libya
How the NOC is trying to resurrect the ill-fated Mourzouq and Ghadames oil basins

Spotlight | Libya
Dabaiba reboots private investigators chasing Gaddafi loot

Libya
Dabaiba takes direct control of ODAC, a major recipient of public funds during the Gaddafi era

Spotlight | Libya
Dabaiba takes asset hunt under his wing - to protect family

Libya
Gaddafi's shadow hangs over Dabaiba's new government

Libya
Libyan Foreign Bank: to stay in power, Sarraj wrests LFB back from Central bank boss al-Kabir

Spotlight | Libya
UNSMIL set to launch Tunis peace talks with no leader

Libya
EY audit is Libyan prosecutor's new weapon against LIA chairman