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The Libyan sovereign wealth fund chairman announced on Wednesday investigations on investment losses of $1.75 billion on structured products managed by Goldman Sachs and Societe Generale are underway. Mohsen Derregia, chairman of the Libyan Investment Authority (LIA), told reporters in Milan that the LIA is looking into how these investments were...
The Italian tax police on Wednesday moved to confiscate assets of former Libyan ruler and his relatives worth €1.1 billion ($1.46bn). The measures included a seizure of a 1.5% stake in the Juventus football club. The Italian Carabinieri announced the seizure will also include the properties of former Libyan secret...
Today’s papers have mourned the death of Saudi crown prince with main headlines and photograph of late Sultan bin Abdulaziz Al Saud. The National reported that the UAE President Sheikh Khalifa has sent a condolence message to Riyadh and ordered the flying of national flag at half-mast at all government...
Gaddafi’s last moments and brutal death at the hands of his captors has taken UAE’s newspapers by storm. Gulf News published the photograph of Gaddafi’s bloodied body lying in a storage freezer in a Misurata market. The paper’s main headline “UN calls for Gaddafi probe” entails information about the circumstances...
Today’s Khaleej Times has reported the bonanza announcement made by the Dubai government that is set to add more comfort to the lives of Emirati nationals. According to the announcement by Sheikh Mohammad, Vice President of UAE and the ruler of Dubai emirate, Dubai Electricity and Water Authority (DEWA) has...
Today’s newspapers reflect the regional disturbances in Syria, Libya and Yemen. Gulf News reported signs of civil war in Syria after troops loyal to Baathist regime pounded the rebel-controlled town of Rastan and claimed taking control of it after heaving fighting. The paper quoted a claim made by Omar Al...
UN official said Libya’s new rulers had found uranium yellowcake, partly refined uranium ore, which was a left over of the former regime’s nuclear programme. The official, who spoke on condition of anonymity because he is not authorised to release the information, said the material was “slightly radioactive” but posed...
The papers on Saturday are dominated by the news from Libya where Gaddafi loyalists are putting on a stiff resistance. The National carried a large 5 column photograph that shows rebels carrying an injured fighter away from the battle field. It also reported the death of 11 rebels during an...
