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Old 1st Jun 2010, 07:09
  #998 (permalink)  
Pinkman
 
Join Date: Oct 1999
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Libya is not poor!

All: Libya may be thought of as "developing" but it is not poor: Libya has a Sovereign Wealth Fund of over $70 billion. One of the investment vehicles is the Libya-Africa Investment fund. The fund has around $8 billion in capital and was created by the Libyan government in February 2006. It is a sovereign wealth enterprise (SWE) of the Libyan Investment Authority, and one of the significant shareholders is............Afriqiyah Airways. Libya can well afford a decent airfield with state of the art navaids.

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