| Send2Press.com • Today is Monday, February 13, 2012 | A Member of the Neotrope News Network |  |
|
|
NEWS ARCHIVES : U.S. and World News :
Business :
Alliances and Partnerships
News
|
Press Release:
Phoenicia Group Continues Successful Acquisition and Partnership Strategy in Libya and the United States
 Acquisitions in Libya include Burki & Associates, a legal advisory firm; Al-Najma Syndicate, private book, newspaper, and magazine publisher; Dream Tours, travel agency and tour operator; Tamuh Co, human resource and outsourcing company; Tannif, land developer and construction group; and include stakes in: The Bank of Commerce & Development, Libya's most profitable private bank; and Al-Reda Insurance Company. "We are encouraged by recent steps taken by Libya towards a liberal and transparent business environment in common with international practice; a prerequisite for international investors is a corporate environment with a clear and established legal framework," said Rebecca Thornton, CEO of the Corporate Communications Unit. "We are glad to say the Libyan authorities are doing an excellent job in line with World Bank guidelines on restructuring to a market economy and creating incentives for Foreign Direct Investment." She continued "The time has never been better or more auspicious for doing business in Libya; lucrative and tantalizing investment opportunities exist in oil & gas, tourism, telecommunications, agriculture, education, and, together with our partners and associates, we intend to research and pinpoint key investment opportunities for U.S. clients." The recent expansion venture will solidify Phoenicia Group's position, along with its 12 wholly owned subsidiaries, affiliates, and joint ventures, as market leaders and innovators and set the stage for future equities trading with the establishment of the Libyan Stock Market. LY Consult, a California company established in 1999 and set up to assist U.S. companies in doing business in Libya merged with Phoenicia Group in June, after an agreed majority buyout in cash and stock. Phoenicia Group also expects to establish offices in several key U.S. cities, including San Francisco, Houston, Washington D.C., and New York, and international offices in London, Paris, and Berlin, in addition to its Libya operational base. "U.S. firms need a clear and effective instrument for facilitating investment and formulating entry strategies in a complex yet lucrative market like Libya, Phoenicia Group, as an established and experienced player, presents itself as just that - a viable instrument to advise U.S. companies on accessing the Libyan market," said J. Bergman, a financial analyst at PriceWaterHouseCoopers. The consolidation and merger strategy will integrate key services and reduce costs; making Phoenicia Group the dominant private sector player in Libya and result in a more diversified portfolio while creating enhanced shareholder satisfaction. In a prepared statement by Phoenicia Group interim President & CEO, Ryad Sunusi: "Phoenicia Group is well on track and topping analyst and shareholder expectations month after month. Our strategy is simple. We listen to our clients' needs and deliver our clients the efficiency and benefits that come from combining an integrated approach in working with investors and the Libyan government, with regard to cultural background." "We expect to continue leading the way in identifying investment prospects and improving our clientele's competitive position in Libya." About Phoenicia Group Libya, LLC Phoenicia Group follows on the tradition of the ancient Phoenicians into the 21st century, acting as a link between Libya and the World, utilizing technology, expertise, enterprise, and communication to effectively promote Libya's Market Potential, thereby facilitating investment and trade in Libya by U.S and international companies. For more information, please visit www.phoenicia-group.net.
NEWS SOURCE: Phoenicia Group Libya, LLC
Send2Press® is the originating wire service for this story. Terms of Use. © Phoenicia Group Libya, LLC. All trademarks acknowledged.
THE CONTENT OF THE ABOVE PRESS RELEASE WAS PROVIDED BY THE NEWS SOURCE (Phoenicia Group Libya, LLC), WHO IS SOLELY RESPONSIBLE FOR ITS ACCURACY. FOR QUESTIONS ABOUT THIS STORY CONTACT THE NEWS SOURCE AND NOT THIS WEBSITE.
Journalist Resources:
Download original press release as issued including media contact information for Phoenicia Group Libya, LLC.
Additional News Releases on Similar Topics:
|
Subscribe to Send2Press®
Daily News Releases by E-Mail
Follow Send2Press on Social Sites: 
Additional News from
Phoenicia Group Libya, LLC : » Phoenicia Group Consolidates Libya Operations; Plans Further Expansion » Libya Tells Foreign Companies to Form Joint Ventures with Libyan Companies » Phoenicia Group Tops Libya Analyst Expectations » Libya Seeks U.S. Technology and Partnerships in Energy and Environmental Sectors
|
||||||||||||||||||||||||||
View our news channels by industry topics, by U.S. States, or by selected U.S. Cities:
|
Terms of Use and License
This "article format" version of the issued press release is Copr. © 1983-2012 Neotrope/Send2Press. You may freely link to this article version of the press release or may use the release text as the basis for an original article or news posting. If the content is copied verbatim via a scraping or copy/paste method, the news item must be properly "attributed" to Send2Press® Newswire as the originating wire service for this story (may not be posted on ANY site selling/offering SEO or PR services, newswire services, or adult content!). |
DISCLAIMER: the above press release content is believed accurate but not guaranteed, and is based on business news supplied by the source. The noted source is solely responsible for its accuracy. Financial/Stock news may contain forward looking statements. Neotrope/Send2Press (this website) makes no claims of accuracy or suitability for any purpose. Any opinions expressed by representatives of company(s) mentioned in news and profiles are solely those of the person indicated, and do not reflect any opinion or policy of Neotrope® or Send2Press. Your use of any information contained herein is done solely at your own risk, and you are fully responsible for using any information herein, or on sites mentioned or linked to in the article. All trademarks acknowledged.
REFERENCES: Phoenicia Group Continues Successful Acquisition and Partnership Strategy in Libya and the United States, Phoenicia Group Libya LLC, US-Libyan risk management consultancy, marketing, and event management firm, tradition of the ancient Phoenicians, Ryad Sunusi, consolidation and merger strategy, LY Consult, Dream Tours, Tamuh Co, Tannif, press release, Sep 19, 2006. |
|
THIS PAGE MEDIA READS (by media and public, as of today): 4976 times (1 today, 3 this week, 18 this month, 62 this year)
Site Design and Content is Copr. © 1983 - 2011 Neotrope® - All rights reserved. Send2Press® is a reg. trademark and service mark of NEOTROPE.
Press Release Writing | About Send2Press | Meet Our Staff | Contact Us | Our Services | Help Desk | Legal | Privacy | How-To Articles | RSS Feeds | Journalist Tools | Client eMediaKits | Headline Feeds | Podcast | PR News Channels | Daily News Desk | Success Stories | PRTRax™ Reader Tracking | Targeted News Distribution | Internet Marketing Services | Order PR Services | Terms of Service (TOS)