No Result
View All Result
Sunday, April 26, 2026
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

Minister of Economy approves 12 foreign and joint venture companies – to support the investment climate

Municipality of Tripoli Centre announces the start of the development of BaladiyaBOT

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

Economy Minister Hwej reviews his ministry’s implementation of its 2023 plan and issues several directives
Business

Minister of Economy approves 12 foreign and joint venture companies – to support the investment climate

April 25, 2026
Mahdi Harati court injunction freezes new Municipality of Tripoli Center elections
Business

Municipality of Tripoli Centre announces the start of the development of BaladiyaBOT

April 25, 2026
Libyan Export Promotion Centre changes to become Libyan Export Development Authority – new logo adopted
Business

The establishment of a fishing boat and trawler factory discussed by the Libyan Export Development Authority with LISCO

April 25, 2026
The International Forum & Exhibition for Free Zones – Misrata: 28 to 29 June at Misrata Free Zone
Business

China’s Reed Pelagics Co. establishes animal protein factory in Misrata Free Zone

April 25, 2026
Tripoli Chamber of Commerce discusses with Malaysian delegation increased cooperation and participation in MIHAS 2026
Business

Tripoli Chamber of Commerce discusses with Malaysian delegation increased cooperation and participation in MIHAS 2026

April 25, 2026
Tripoli Chamber invites investment proposals for its buildings
Business

Tripoli Chamber of Commerce discusses with German Embassy May’s Libyan German Economic Forum

April 24, 2026
Next Post

Compensation for Egyptian workers proposed

Libyan investment forum for Dubai

Top Stories

  • Libya’s Oil Ministry counter-proposes that Nigeria-Europe gas pipeline run through Libya

    Libya’s Ministry of Oil and Gas Nigeria-Niger-Libya Gas Pipeline Project Committee holds technical and coordination meeting

    0 shares
    Share 0 Tweet 0
  • Numisma bank discusses with Central Bank of Libya continued foreign currency supply

    0 shares
    Share 0 Tweet 0
  • Libya’s agricultural sector is moving from planning to execution: Ahmed Ghazali at the Paris Libya-France Business Forum 2026

    0 shares
    Share 0 Tweet 0
  • Governors of Central Bank of Libya and People’s Bank of China agree to launch direct banking transactions

    0 shares
    Share 0 Tweet 0
  • Switzerland’s Sulzer establishes joint venture with Libya’s Jawaby Services & Investments Ltd to provide services in Libya

    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

Minister of Economy approves 12 foreign and joint venture companies – to support the investment climate

Municipality of Tripoli Centre announces the start of the development of BaladiyaBOT

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.