Libya’s $70bn wealth fund sees thaw in UN asset freeze by year-end

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LONDON: Libya's investment authority expects to sign up to the United Nations by the end of the year to actively manage $70 billion in assets for the first time in more than a decade, its chief executive told Reuters. The LIA, set up under Muammar Gaddafi in 2006 to manage the country's oil wealth, has been subject to a UN asset freeze since the 2011 revolution that toppled Gaddafi.

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