No Result
View All Result
Saturday, August 2, 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

LAIP to focus on several internal investment projects – to improve quality of life and local development

Tripoli Libyan government’s official tendering and procurement website ‘‘Attaat’’ is operational

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

LAIP delegation visits Maputo, Mozambique to recover seized rice project
Business

LAIP to focus on several internal investment projects – to improve quality of life and local development

August 1, 2025
Tripoli Libyan government’s official tendering and procurement website ‘‘Attaat’’ is operational
Business

Tripoli Libyan government’s official tendering and procurement website ‘‘Attaat’’ is operational

August 1, 2025
CBL receives results from meetings with international banks
Business

CBL introduces the state sector Instant Salary Payment System

August 1, 2025
Libya and Shell discuss several areas of cooperation
Business

Minister of Oil and Gas discusses with Japanese Ambassador strengthening cooperation and attracting Japanese companies to Libya’s energy sector

July 31, 2025
Workshop on ‘‘Challenges facing the packaging sector in Libya‎’’ – recommendations made
Business

”Transformation to Cleaner Production and Sustainable Development in the Industrial Sector” workshop to be held by NIPA

July 31, 2025
Libyan General Union of Chambers to lead delegation to Rome’s Arab Italian Trade Forum on 28 January 2025
Business

Libya’s Union of Chambers of Commerce participates in the South-South Dialogue held in Italy ‎

July 31, 2025
Next Post

Compensation for Egyptian workers proposed

Libyan investment forum for Dubai

ADVERTISEMENT

Top Stories

  • Tripoli Defence Minister Namroush takes steps to secure Tripoli after Bashagha alleged assassination attempt

    Tripoli Defence Ministry warns of unspecified precision air strikes against human smugglers and drug traffickers

    0 shares
    Share 0 Tweet 0
  • NOC signs four memorandums of understanding with Algeria’s Sonatrach‎

    0 shares
    Share 0 Tweet 0
  • Khoms port discusses development with Turkish company Orbitel

    0 shares
    Share 0 Tweet 0
  • Libyan entities discuss restarting local pharma production at Rabta factory with Italian company Pharmacom

    0 shares
    Share 0 Tweet 0
  • Secular and religious agree on need for Libya’s gradual energy subsidy reform

    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

LAIP to focus on several internal investment projects – to improve quality of life and local development

Tripoli Libyan government’s official tendering and procurement website ‘‘Attaat’’ is operational

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.