The Prime Minister of the Government of National Unity, Abdul Hamid Dbeibeh, met with Hisham Al-Rayes, CEO of the Bahrain-based GFH Financial Group, to present investment opportunities in Libya and discuss ways to support national projects across various economic sectors. The aim is to boost development and strengthen the national economy.
The meeting, held at the Prime Minister’s office in Tripoli on Sunday, also focused on enhancing financial and investment cooperation, exploring mechanisms for future partnerships, attracting foreign investments, and improving the country’s business environment.
GFH Financial Group is one of the region’s leading financial and investment organizations, active in Islamic banking, real estate investments, financial services, and asset management.
Libya
Libya is a North African country with a rich history rooted in ancient civilizations like the Phoenicians and Romans, followed by centuries of Arab and Ottoman influence. In the modern era, it was an Italian colony before gaining independence in 1951, later becoming known for Muammar Gaddafi’s lengthy rule from 1969 until the 2011 revolution. The country is home to UNESCO World Heritage sites, such as the ruins of Leptis Magna, which testify to its significant historical legacy.
Tripoli
Tripoli is the capital and largest city of Libya, located on the country’s Mediterranean coast. Historically, it was founded by the Phoenicians in the 7th century BC and has since been ruled by the Romans, Arabs, Ottomans, and Italians, which is reflected in its diverse architecture, such as the ancient Medina and the Red Castle (Assaraya al-Hamra).
Bahrain
Bahrain is an island nation in the Persian Gulf with a history dating back over 5,000 years, famously home to the ancient Dilmun civilization. Today, it is known for its modern capital, Manama, and cultural sites like the Bahrain Fort (Qal’at al-Bahrain), a UNESCO World Heritage Site that showcases layers of human occupation.
GFH Financial Group
GFH Financial Group is a Bahrain-based Islamic investment bank founded in 1999, originally as Gulf Finance House. It has played a significant role in financing major real estate and infrastructure projects across the Middle East and North Africa region. The group has since expanded its operations to include asset management, commercial banking, and treasury services.
Government of National Unity
The Government of National Unity (GNU) is a term most notably applied to the post-apartheid coalition government in South Africa, formed in 1994 following the country’s first multiracial elections. Led by Nelson Mandela as President, it brought together the African National Congress, the National Party, and the Inkatha Freedom Party to oversee the transition from minority rule to a democratic state.
NOC
The NOC, or National Oil Corporation, is the state-owned oil company of Libya, founded in 1970. It was established to manage the country’s hydrocarbon resources following the nationalization of its oil industry. The NOC plays a central role in Libya’s economy and has been a key entity in the nation’s political and economic landscape.
UN
The United Nations (UN) is an international organization founded in 1945 after World War II to promote peace, security, and cooperation among nations. It replaced the League of Nations and is headquartered in New York City, with 193 member states working through bodies like the General Assembly and Security Council.
AFRICOM
AFRICOM, or the United States Africa Command, is a unified combatant command of the U.S. Department of Defense responsible for U.S. military operations and relations in Africa. It was established in 2007 to coordinate security cooperation and counter transnational threats on the African continent.
