Tag: Libya
-
The UN mission in Libya, UNSMIL, has expressed concern “over reports of the mobilisation of forces in Tripoli
Since the Libyan Central Bank, based in Tripoli, is the only internationally recognized bank that benefits from oil exports, the parallel government in the east of the country depends on cooperation to export oil from the rich basins of the Gulf of Sirtre. Due to the current political tensions between Tripoli and Benghazi, in the…
-
Libyaβs powerful central bank governor sacked
One of Libya’s dueling authorities unilaterally fired the country’s powerful central bank governor in an abrupt move that is likely to inflame tensions in the divided North African country. The presidential council in the capital of Tripoli, which is allied with the government of Prime Minister Abdul Hamid Dbeibah that controls western Libya, removed Gov.…
-
Libya’s central bank suspends operations after kidnapping of official
Libya’s Tripoli-based central bank said on Sunday it would shut down all operations and not resume work until a senior bank official kidnapped earlier in the day was released. The central bank is the only internationally recognised depository for Libyan oil revenues, a vital economic income for a country torn for years between two rival…
-
Algerian Foreign Ministry expresses concern over military activity in southwestern Libya
The Algerian Foreign Ministry expressed concern over military activity in southwestern Libya, calling on all parties to act with restraint and prudence. The ministry said Algeria shared the UN’s concerns about the military actions in the southwest of the country. Earlier, the United Nations Support Mission in Libya said it condemned the armed clashes that…
-
Local protesters partially shut down Libya’s Sharara oil field, field engineers say
Local protesters have partially shut down Libya’s Sharara oil field, according to two field engineers. The Sharara field, one of Libya’s largest production areas with a capacity of about 300,000 barrels per day, has been a frequent target for several political reasons and demands by local protesters. The field is located in Murzuq basin in…
-
Libya’s $70 bln Wealth Fund Sees Thaw in UN Asset Freeze by Year-end
The Libyan Investment Authority is expecting UN sign-off 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, set up under Muammar Gaddafi in 2006 to manage the country’s oil wealth, has been under a…
-
Ninety-five Libyan nationals have been arrested on suspicion of receiving training at an “illegal” military camp in South Africa, police have said.
Officers raided the farm near White River – a small town in the northern province of Mpumalanga – on Friday. They said they found military tents, licenced firearms and other military equipment. The camp was initially registered as a training site for a security company but it appears to have been converted, a second police…
-
Russia and Libya sign expanded agreement to boost economic cooperation
The new agreement, signed by the vice president of the Russian Chamber of Commerce and Industry, Vladimir Badalko, and the president of the General Federation of Libyan Chambers of Commerce, Muhammad Al-Raid, was finalized in Moscow. It aims to promote cooperation between businesses and investors in both countries. The agreement outlines several key initiatives, including:…
-
Nigeria’s Dangote refinery in talks with Libya to secure oil
Nigeria’s Dangote refinery is in talks with Libya to secure crude for the 650,000 barrels per day (bpd) plant and will also seek Angolan oil, a senior executive said, as it seeks to overcome problems with domestic supplies. The $20 billion refinery, built by Africa’s richest man Aliko Dangote on the outskirts of Lagos is…
Recent Posts
- π±πΎπ«π·Prisoners threaten Sarkozy with revenge for the death of Muammar Gaddafi
- Beat Face Honey: From Strip Club Makeup Artist to Celebrity MUA β A Blueprint for Aspiring Black Beauty Entrepreneurs
- Halo Braid: How a Harvard-Invented Robot is Weaving a New Future for the Hair Braiding Industry
- Leading Fintechs in Pan-African Countries
- πͺπΉ Abiy Ahmed Launches Ethiopiaβs First Drone Assembly Factory Amid Regional Arms Race
Tags
Africa African Union Algeria Banking Sector Burkina Faso China Cryptocurrency Digital Currency DRC ECOWAS Egypt Ethiopia France Ghana Gold Guinea Haiti Immigration Kenya Liberia Libya Mali Military Industries Mining Morocco Niger Nigeria Oil & Gas Industry Pan African Communication Pan African Nations Presidential Elections Protest Republic of Liberia Russia Senegal Sierra Leone Somalia South Africa Sudan Uganda United Nations United States United States of America West Africa Zimbabwe
Comments
Wow wonderful blog layout How long have you been blogging for you make blogging look easy The overall look of…
ππππππ€ ππ π£ π₯ππ π¦π‘πππ₯π .