Submitted by dive-editor on Tue, 11/03/2014 - 19:14
Maltese MEP Roberta Metsola championed the cause of the residents of the south of Malta, in a speech given in the European Parliament where she again urged the government not to rush with its proposal to berth a huge floating gas storage unit in the middle of Marsaxlokk bay, so close to a heavily populated residential area.
Submitted by dive-editor on Tue, 11/03/2014 - 17:49
China will be investing €320 million in Enemalta Corporation after an agreement reached in September last year was signed today.
Through the agreement, China Power Investment Corporation will be investing in Enemalta Corporation through its subsidiary Shanghai Power Electric. The Chinese will have a 33 per cent shareholding in Enemalta Corporation while the company would still be controlled by the Maltese Government.
The agreement was signed by Enemalta Corporation Chairman, Dr Charles Mangion.
Submitted by dive-editor on Tue, 11/03/2014 - 17:12
Libya’s Prime Minister Ali Zeidan lost a confidence vote today and was dismissed from his post after a tanker laden with oil from a rebel port sailed away despite a naval blockade.
Defence Minister Abdullah al-Thinni was named interim prime minister.
Libyan Members of Parliament called for a vote of confidence in the Prime Minister after the North Korean-flagged ship managed to break away.
Submitted by dive-editor on Tue, 11/03/2014 - 16:03
Economic growth during 2013 doubled over 2011 and 2012 according to statistics published by the NSO, the government said.
The growth outpaced the government’s forecast of 3.7 per cent and 1.2 per cent in nominal and real terms, respectively, and the forecast of the European Commission.
Nominal growth was of 4.4 per cent while real growth was of 2.4 per cent.
During the nine months of the current administration, economic growth was 2.6 per cent when compared to one per cent and 1.2 per cent during the same period in 2011 and 2012.