Archive | Agriculture

Irish Bulls to set sail for Libya today

By John Lee. According to a report from Agriland.ie, a consignment of approximately 1,900 heavy Irish bulls is expected to depart for Libya today, the first shipment of Irish cattle destined for Libya this year. Seán Cummins writes that the shipment consists of a range of breeds, and was prepared by Supreme Livestock for private […]

Dairy Firm “could close within two months”

By John Lee. Libya’s main producer of yoghurt and laban ( a traditional strained yoghurt) may have to stop production if it continues to be unable access new letters of credit from the Central Bank of Libya (CBL). Al-Naseem‘s CEO Mohamed Raied told the Libya Herald that the company held six months’ worth of stocks, […]

Daesh ‘Selling Chickens on the Street’

By John Lee. Middle East Eye reports that the Islamic State group (IS, ISIS, ISIL, Daesh) is having to sell chickens and eggs in the streets to shore up its finances. One former resident of the town told the news site: “When IS took over Sirte, they seized many properties, including farms, and some of […]

CBL Denies Responsibility for Import Corruption

The Central Bank of Libya (CBL) has denied that it is responsible for corruption in the import of goods through Libya’s ports, according to a report from Libya Herald. The statement from the CBL’s Media Department came after the alleged discovery of corruption in a ten-million-dinar rice import deal. It was reported that 110 containers […]

Scottish Barley Shipment on way to Libya

Barley from farms across the north east of Scotland is on its way to Libya after Openfield agreed a sale for 16,500 tonnes to the north African state. More than 500 deliveries tipped direct to vessel over a six-day period with extra cranes brought in to manage the loading and ensure the vessel departed on […]

Libya: Whose Land Is It?

Mary Fitzgerald and Tarek Megerisi are the authors of a new Transitions Forum paper by the Legatum Institute that looks at Libya’s transition through the question of property rights. In the paper, the authors take a step back from the current fighting and explore some of the deep-rooted reasons why the past four years have been […]

Yara Books $112m Libya Impairment

Norwegian fertiliser producer Yara International is to write down the value of its Libyan plant by $112 million, due to the deteriorating security situation. In a statement, the company said: “Due to the worsening security outlook in Libya, Yara sees a high likelihood of a further deterioration in 2015 of the operating ability of the […]