Tuesday, February 22, 2011

Latest Libya

Col Gaddafi's son Saif al-Islam will hold a press conference in Tripoli, Reuters reports.
The BBC's Mark Gregory has been looking into the Gaddafi regime's wealth: "Libyan cash abroad is held by an organisation called the Libyan Investment Authority - a fund set up about five years ago to manage the country's oil wealth. It's believed to have around $70bn of assets, including - bizarrely - a stake in the company that owns the British business publication the Financial Times. The fund's investments are thought to focus mainly on Italy, where they include a shareholding in a major bank and in Juventus football team."

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