UAE to UN: Release Libyan frozen assets
The United Arab Emirates (UAE) urged the international community to release the frozen assets of Libya as Qaddafi's regime is all set to meet its end. The country is looking for nod from the United Nations for releasing up to US$700 million in frozen Libyan assets. UAE urged the United Nations to immediately pass resolution regarding release of assets.
Sheikh Abdullah said after talks with his Afghan counterpart Zalmai Rassoul that the frozen assets can be released only after Security Council's nod. Once the council comes forward with resolution, UAE would not have any hesitation to unfreeze the assets. The country also expressed its wish to engage in development projects in Libya, the trouble hit nation marred by social unrest in the dictatorship regime.
Sheikh Abdullah is schedule to visit Benghazi next week for taking stock of the situation and initiating necessary steps afterward. He told that UAE is the first country in the entire world to recognize rebels and was the first to raise voice against bloodshed of innocent people.
He added, "We are in constant communication with our brothers in the new government, and are very happy with the recognition that the National Transitional Council has been receiving and the victories accomplished by the Libyan people. We are also very happy with the forgiveness that the council has shown with the allies of Muammar al Qaddafi."
Organic Market Europe
New Zealand News
- Cambodian casino operator NagaCorp all set to partially reopen flagship Phnom Penh gaming venue
- Bridge Investment ordered to stop work on Tinian Casino project due to lack of permits
- Philippines government warns public not to patronize illegal online gambling operations
- Eldorado Resorts’ capital raising plans could be catalyst to finalize $17.3bn Caesars deal
- BetConstruct obtains license to offer Sportsbook and Casino products in Swedish market