Consumer craze hits post-sanctions Libya
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Freed from sanctions, Libyans are rushing to the shops. Goods long denied are flying off the shelves as pro-market reforms and a petrodollar windfall combine to turn those with sufficient savings into compulsive consumers.
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At a time when oil around the world is harder to come by, Libya is dangling the rights to explore and develop new sources of petroleum.
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Thousands crossed into Egypt from the Gaza Strip to buy supplies that have been cut off during days of blockade by Israel.
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In a country whose peasant army once marched on flip-flops cut from old tires, Gucci beach sandals priced at $365 can come as a shock.
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FOR Libya, 2004 was the year where everything changed, politically with its return to international grace, and economically with the start of reforms cutting away at state-controlled management.
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WASHINGTON : US President George W. Bush removed most economic sanctions on Libya, clearing the way for the payment of another tranche of compensation to the victims of the 1988 Lockerbie bombing.
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The Libyan contestant in a Pan-Arab version of the "Pop Idol" contest has generated a wave of adulation which has caused amazement in his home country, says Rana Jawad.
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How an isolated African region became a barometer of tastes and trends in other parts of the world.
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New Yorkâs chic shopping districts seem to be teeming these days with foreign tourists taking advantage of the weak dollar. Foreign retailers are now joining them.
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afrol News, 11 October - Foreign Ministers of the European Union (EU) today agreed to lift the last sanction on Libya, including the arms embargo, to be able to reach a deal on halting illegal immigrants to Europe in Libya.
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The worldâs fourth-largest oil exporter imports 40 percent of its gasoline due to sanctions and booming consumption.
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Life & style: Does the Middle East present the next frontier for the record-breaking Giorgio Armani?
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The sanctions would be aimed at a wide range of American exports, possibly including steel ball bearings, cod, shoes and apples.
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Libyan business leaders welcome the ending of US trade sanctions but anti-terror measures remain.
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The British government said Tuesday that it was delighted that the United States has lifted the remaining sanctions on Libya. &quot;We are delighted that, in delivering on the historic commitment made on Dec.
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TRIPOLI : Libya set out the contractual framework and tendering terms for oil exploration rights to 15 blocs around the vast desert country as it switches to a transparent bidding process to woo foreign investment for its sanctions-ravaged industry.
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By Rosemary Gallagher  GONE are the days when people visited their local bank or building society when they wanted a mortgage or savings account - and brand loyalty is becoming a thing of the past.