Mobile  |  About us  |  Photos  |  Videos  |  Subscriptions  |  RSS Feeds  |  Today's Paper  |  Classifieds  |  Contact Us
The Daily Star
MONDAY, 21 APR 2014
12:39 AM Beirut time
Weather    
Beirut
18 °C
Blom Index
BLOM
1,214.01down
Middle East
Follow this story Print RSS Feed ePaper share this
EU lifts sanctions on Libya housing, infrastructure board
Reuters
EU ambassador Nataliya Apostolova (L) speaks during a joint news conference with Libya's Deputy Foreign Minister Abdul Razak Al-Grady following a meeting with members of the EU delegation in Tripoli February 6, 2014. The European Union said on Thursday it had lifted sanctions imposed during Muammar Gaddafi's era on Libya's housing and infrastructure agency in a step the North African country hopes will boost much-needed investment. REUTERS/Ismail Zitouny
EU ambassador Nataliya Apostolova (L) speaks during a joint news conference with Libya's Deputy Foreign Minister Abdul Razak Al-Grady following a meeting with members of the EU delegation in Tripoli February 6, 2014. The European Union said on Thursday it had lifted sanctions imposed during Muammar Gaddafi's era on Libya's housing and infrastructure agency in a step the North African country hopes will boost much-needed investment. REUTERS/Ismail Zitouny
A+ A-

TRIPOLI: The European Union said Thursday that it had lifted sanctions imposed during Moammar Gadhafi’s era on Libya’s housing and infrastructure agency in a step the North African country hopes will boost much-needed investment. Nearly three years after its revolt against Gadhafi, Libya is still struggling to find stability, with the fragile central government challenged by political infighting and former militia fighters who refuse to disarm.

The EU decision ends the sanctions against the Housing and Infrastructure Board, the institution in charge of public housing projects.

“This will further the infrastructure projects that were developing at a certain moment between Libya and the European Union,” EU Ambassador Nataliya Apostolova told reporters in Tripoli.

The European Union lifted sanctions on Libyan ports, oil companies and banks soon after the fall of Gadhafi in 2011 after the NATO-backed civil war that put an end to his four-decade, one-man rule.

Beyond the pull of Libya’s oil, though, Western firms remain wary of investing in the North African country because of questions over political stability, security and restrictions on foreign ownership and state red tape.

 
A version of this article appeared in the print edition of The Daily Star on February 07, 2014, on page 5.
Home Middle East
 
     
 
Libya
Advertisement
Comments  

Your feedback is important to us!

We invite all our readers to share with us their views and comments about this article.

Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.

comments powered by Disqus
Story Summary
The European Union said Thursday that it had lifted sanctions imposed during Moammar Gadhafi's era on Libya's housing and infrastructure agency in a step the North African country hopes will boost much-needed investment.

The European Union lifted sanctions on Libyan ports, oil companies and banks soon after the fall of Gadhafi in 2011 after the NATO-backed civil war that put an end to his four-decade, one-man rule.
Related Articles
 
 
Over 150 migrants rescued off Libyan coast
 
 
After deal, Libya’s ports prepare to load oil tankers
 
 
Gunmen kidnap Jordan envoy to Libya
 
 
EU to expand Ukraine sanctions list: Ashton
Entities
Advertisement


Baabda 2014
Advertisement
Follow us on Facebook Follow us on Twitter Follow us on Linked In Follow us on Google+ Subscribe to our Live Feed
Multimedia
Images  
Pictures of the day
A selection of images from around the world- Saturday April 19, 2014
View all view all
Advertisement
Rami G. Khouri
Rami G. Khouri
Why Israeli-Palestinian talks fail
Michael Young
Michael Young
Why confuse gibberish with knowledge?
David Ignatius
David Ignatius
Echoes of 1914 characterize the Ukraine crisis
View all view all
Advertisement
cartoon
 
Click to View Articles
 
 
News
Business
Opinion
Sports
Culture
Technology
Entertainment
Privacy Policy | Anti-Spamming Policy | Disclaimer | Copyright Notice
© 2014 The Daily Star - All Rights Reserved - Designed and Developed By IDS