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

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

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