No Result
View All Result
Monday, December 8, 2025
23 °c
Tripoli
24 ° Sat
24 ° Sun
  • Advertising
  • Contact
LibyaHerald
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Business

Maltese minister hails new business era with Libya but fears instability and militias

byNigel Ash
April 6, 2012
Reading Time: 2 mins read
A A

Malta identifies itself strongly with Libya and wants to play a strong role in its future, said Malta’s finance minister yesterday, . . .[restrict]but Libyans needs to work toward reconciliation and most urgently, the militias must lay down their arms.

Maltese Finance Minister Tonio Fenech told the New Libya Forum conference at the Hilton Hotel in St Julians that both countries had a great deal to offer each other. Once stability had returned to Libya, Malta’s businessmen would find a plethora of opportunities there.

Finance Minister Tonio Fenech speaking yesterday

The Libyans in the audience may well have reflected that the concerns about the persistence of armed militias and the stability worries their presence perpetuates, are becoming a fixed feature of any comments from international statesmen reflecting on Libya’s future.

However Fenech was particularly eloquent in his characterisation of the challenges Libya faces.

“Libya’s wounds need to heal” he said,   “The process of democracy-building cannot be embarked upon without a parallel process of reconciliation.  The Libyans need time to come to terms with their past, courage to forgive and determination to take themselves into a new era as a unified and cohesive nation state.  The laying down of arms is essential for this process to move forward”.

RELATED POSTS

State sector employment at 2.4 million is too high – but there is no financing support for the private sector to encourage its decrease

National Afforestation Campaign launched for 2025-2026 season aiming to plant 26,000 tree saplings in 30 different locations across Libya

Fenech continued: “The parliament, the judiciary and the executive all have to be constructed around the values of the people they represent.  Malta is ready to assist Libya with the development of its institutions”.

He asserted that Malta and Libya were in a part of the world that was moving into a new era. “ The Mediterranean will once again be the catalyst for a vibrant and forward-looking region. The government will ensure that in this process for change and development, Malta will be at the forefront with our neighbours, ensuring opportunities for all”.

He revealed that the Maltese and Libyan governments had already signed an agreement for Malta to provide English language training for 1,000 Libyan students a year in Maltese colleges.

While insisting that Libya would offer Maltese business a plethora of opportunities, Fenech warned that in the short-term, because of instability, there would be risks inherent in any business venture there.

“However,” he continued, “what we can expect is that in the medium and long-term, Libya will be a safe place to invest and Maltese business will reap the benefits of such investments”.

Fenech indicated that Libyan authorities were already considering immediate Maltese offers to help with education, health and tourism. [/restrict]

Related Posts

CBL Governor Issa announces three strategic initiatives to build a stronger banking sector at 6th Banking Sector Development Forum in Tunis 7 to 9 December
Business

State sector employment at 2.4 million is too high – but there is no financing support for the private sector to encourage its decrease

December 8, 2025
Minister of Local Government discusses joint programmes and strengthening development cooperation with GIZ
Business

National Afforestation Campaign launched for 2025-2026 season aiming to plant 26,000 tree saplings in 30 different locations across Libya

December 8, 2025
Benghazi Chamber participates in workshop on the blue economy
Business

Benghazi Chamber of Commerce meeting to enhance Libyan Chadian cooperation and open new Transit Trade routes

December 8, 2025
CBL Governor Issa announces three strategic initiatives to build a stronger banking sector at 6th Banking Sector Development Forum in Tunis 7 to 9 December
Business

There is no political will to implement subsidy reform: Former CBL Board Member and Deputy Finance Minister Ghait

December 8, 2025
Libya Post signs cooperation agreement with ATIB Bank to expand financial inclusion
Business

Libya Post signs cooperation agreement with ATIB Bank to expand financial inclusion

December 8, 2025
NOC announces force majeure at Zawia port
Business

Akakus Oil Operations complete drilling and commissioning of injection well which contributes to restarting several shut down wells

December 7, 2025
Next Post

Compensation for Egyptian workers proposed

Libyan investment forum for Dubai

libyaherald-Ads

Top Stories

  • AmCham Libya leading Libyan delegation to 2024 World of Concrete Tradeshow in Las Vegas, 23-25 January

    AmCham Libya organizing Second AmCham Pavilion at Tripoli’s 2026 Libya Energy & Economic Summit (LEES)

    0 shares
    Share 0 Tweet 0
  • National Oil Corporation, Eni, BP, and Libyan Investment Authority consortium preparing to drill first deepwater exploratory well in Sirte Basin

    0 shares
    Share 0 Tweet 0
  • Three million illegal immigrants in Libya, 75 % of whom are families, constitute ”settlement” which Libyans reject – illegally transfer US$ 7 billion annually: Interior Minister Trabelsi

    0 shares
    Share 0 Tweet 0
  • Former Tripoli Marriot hotel rebranded, upgraded and reopened as Al-Hayat Tower

    0 shares
    Share 0 Tweet 0
  • EU concludes Rome consultations with Libyan institutions on new migration and border management programme

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

State sector employment at 2.4 million is too high – but there is no financing support for the private sector to encourage its decrease

National Afforestation Campaign launched for 2025-2026 season aiming to plant 26,000 tree saplings in 30 different locations across Libya

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • Login
    • Sign Up
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.