Special to AG-IP-News Agency

AMMAN - HE Dr. Talal Abu-Ghazaleh, founder and chairman of Talal Abu-Ghazaleh Global (TAG.Global), chair of the International Arab Society of Certified Accountants (IASCA), has received in his office Dr. Ali Mahmoud Hassan, chairman and CEO of the Libyan Investment Authority (LIA) to discuss means of cooperation between the two parties.

During the meeting, Dr. Abu-Ghazaleh praised the significant role the Authority plays in maintaining and developing Libyan investments, commending Dr. Hassan's great leadership and his dedication in boosting the Authority’s investments.

For his part, Dr. Hassan expressed his appreciation to Dr. Abu-Ghazaleh for his constant contributions to the development of the accounting profession and his keenness to develop the capacities of the Libyan Investment Authority, through ongoing cooperation between the LIA and TAG.Global’s professional firms. He went on to stress that investments are considered one of the main factors in economic growth, thus it is crucial to the future of Libyan youth, as their development, good management, and preservation are the responsibility of every Libyan citizen.

Moreover, the two parties agreed on signing a comprehensive Memorandum of Understanding (MoU) to provide all professional and capacity-building services offered by TAG.Global to the LIA. They further expressed their belief that such cooperation would benefit the Libyan youth by empowering them to effectively manage the resources and capabilities of their country.

The Libyan Investment Authority (LIA) is the National Sovereign Wealth Fund in Libya, established in 2006. It is considered the largest Sovereign Wealth Fund in Africa. Its mission is to preserve, manage, and enhance the wealth of the Libyan people entrusted with the Authority  to ensure a prosperous future for the Libyan generations.

It is worth noting that the International Arab Society of Certified Accountants (IASCA) was established as a non-profit professional accounting organization on January 12, 1984, in London - UK, and was officially registered in Amman in 1994. IASCA aims to improve the science of accounting, auditing, and other related subjects.