News in brief

Libya sets up joint venture with Egypt's SewedyLibya's two state-owned firms have set up a 32.5 million dinars ($25 million) venture with Egypt's El Sewedy Cables, to produce high voltage cables, state news agency Jana said on Wednesday.El Sewedy, one of the biggest cable manufacturers in the Middle East, owns 55 percent in the joint venture named Libya's El Mushtaraka Cables Manufacturing which produces for Libya's domestic market, Jana reported.Libya's state-owned Manufacturing Investment...