Abd-al-Hafid Mahmud al-Zulaytini
Encyclopedia
Dr. Abd-al-Hafid Mahmud al-Zulaytini is a Libya
n politician
who currently serves as Assistant Secretary
of the General People's Committee of Libya
(Deputy Prime Minister
).
(NOC), becoming the top man in the petroleum
sector in Libya. Ahmad had been chairman since 1 October 2000, and was relatively a new figure promoted by someone close to Qadhafi. He had taken over from Abdullah Salem Al Badri. Zulaytini was appointed as NOC chairman in January 2002, with specific directions to work on attracting foreign investment into Libya.
On 23 February 2007, the Libyan General People's Congress passed a resolution
appointing a new cabinet
led by Al-Baghdadi Ali al-Mahmudi, the current prime minister
and a new deputy, Al-Zulaytini.
with a mandate to manage and restructure state enterprises, such as the Fund for Africa and the Economic and Social Development Fund. Board member include Planning Secretary Tahir al-Juhaymi, Finance Secretary Muhammad al-Huwayj
, and Farhat Bengdara
, who is governor of the Central Bank of Libya
. LIC's President and CEO is Muhammad Layas
who previously chaired the Libyan Arab Foreign Bank
(LAFB).
Zulaytini is also the current chairman of Al Masraf, a commercial bank
in the United Arab Emirates
.
Libya
Libya is an African country in the Maghreb region of North Africa bordered by the Mediterranean Sea to the north, Egypt to the east, Sudan to the southeast, Chad and Niger to the south, and Algeria and Tunisia to the west....
n politician
Politician
A politician, political leader, or political figure is an individual who is involved in influencing public policy and decision making...
who currently serves as Assistant Secretary
Assistant Secretary
Assistant Secretary is a grade in the British Civil Service, now more commonly styled Divisional Manager or Deputy Director. In the grading scheme they are denoted Grade 5....
of the General People's Committee of Libya
General People's Committee of Libya
The General People's Committee , often abbreviated as the GPCO, acted as secretaries for various Libyan ministries during the era of the Libyan Arab Jamahiriya...
(Deputy Prime Minister
Deputy Prime Minister
A deputy prime minister or vice prime minister is, in some counties, a government minister who can take the position of acting prime minister when the prime minister is temporarily absent. The position is often likened to that of a vice president, but is significantly different, though both...
).
Background
In late 2001, Zulaytini took over from Ahmad Abdel Karim Ahmad as acting chairman of the governing council for state-owned National Oil CompanyNational Oil Company
A national oil company is an oil company fully or in the majority owned by a national government. According to the United States Energy Information Administration, NOCs accounted for 52% global oil production and controlled 88% of proven oil reserves in 2007.Due to their increasing dominance over...
(NOC), becoming the top man in the petroleum
Petroleum
Petroleum or crude oil is a naturally occurring, flammable liquid consisting of a complex mixture of hydrocarbons of various molecular weights and other liquid organic compounds, that are found in geologic formations beneath the Earth's surface. Petroleum is recovered mostly through oil drilling...
sector in Libya. Ahmad had been chairman since 1 October 2000, and was relatively a new figure promoted by someone close to Qadhafi. He had taken over from Abdullah Salem Al Badri. Zulaytini was appointed as NOC chairman in January 2002, with specific directions to work on attracting foreign investment into Libya.
On 23 February 2007, the Libyan General People's Congress passed a resolution
Resolution (law)
A resolution is a written motion adopted by a deliberative body. The substance of the resolution can be anything that can normally be proposed as a motion. For long or important motions, though, it is often better to have them written out so that discussion is easier or so that it can be...
appointing a new cabinet
Cabinet (government)
A Cabinet is a body of high ranking government officials, typically representing the executive branch. It can also sometimes be referred to as the Council of Ministers, an Executive Council, or an Executive Committee.- Overview :...
led by Al-Baghdadi Ali al-Mahmudi, the current prime minister
Prime minister
A prime minister is the most senior minister of cabinet in the executive branch of government in a parliamentary system. In many systems, the prime minister selects and may dismiss other members of the cabinet, and allocates posts to members within the government. In most systems, the prime...
and a new deputy, Al-Zulaytini.
Other activities
al-Zulaytini is also deputy chairman for the Libyan Investment Corporation (LIC), which was established in early 2007 as a holding companyHolding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
with a mandate to manage and restructure state enterprises, such as the Fund for Africa and the Economic and Social Development Fund. Board member include Planning Secretary Tahir al-Juhaymi, Finance Secretary Muhammad al-Huwayj
Muhammad al-Huwayj
Muhammad Ali Al-Huwayj is a Libyan politician who served as Secretary of the General People's Committee of Libya for Finance. He replaced former GPCO Minister of Finance, Dr. Ahmed Munaysi Abd-al-Hamid.-Activities:...
, and Farhat Bengdara
Farhat Bengdara
Farhat Omar Bengdara is a Libyan politician and banker who was the governor of the Central Bank of Libya until he defected to the anti-Gaddafi side in the course of the Libyan civil war...
, who is governor of the Central Bank of Libya
Central Bank of Libya
The Central Bank of Libya is the monetary authority in Libya and enjoys the status of autonomous corporate body. The law establishing the CBL stipulates that the objectives of the central bank shall be to maintain monetary stability in Libya , and to promote the sustained growth of the economy in...
. LIC's President and CEO is Muhammad Layas
Muhammad Layas
Mohammed H. Layas is a prominent Libyan politician and investment banker. He obtained a Bachelor of Arts degree in Accounting and Business Management from the University of Benghazi, Libya, and a Diploma of the Institute of Economic Development, in Washington....
who previously chaired the Libyan Arab Foreign Bank
Libyan Arab Foreign Bank
The Libyan Arab Foreign Bank was established in 1972 in Tripoli, Libya as the country's first offshore banking institution licensed to operate internationally. The bank is 100% owned by the Central Bank of Libya...
(LAFB).
Zulaytini is also the current chairman of Al Masraf, a commercial bank
Commercial bank
After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S...
in the United Arab Emirates
United Arab Emirates
The United Arab Emirates, abbreviated as the UAE, or shortened to "the Emirates", is a state situated in the southeast of the Arabian Peninsula in Western Asia on the Persian Gulf, bordering Oman, and Saudi Arabia, and sharing sea borders with Iraq, Kuwait, Bahrain, Qatar, and Iran.The UAE is a...
.