Archive | Politics

Libya boosts oil output but dangers lurk

Two major oil companies in Libya say they expect to restore their pre-war production levels by the end of the month, just in time to help pick up the slack for energy-hungry Europe if Persian Gulf crude supplies are cut off in the confrontation between Iran and the West. Other firms make equally optimistic forecasts […]

Turkey offers Libya $250 million in loan

Turkey’s Eximbank has decided to allocate some $250 million to Libya following its move the day before to extend $500 million to Tunisia, said Turkey’s Economy Minister Zafer Çağlayan at the Turkey-Libya Business Forum in Tripoli yesterday.  “Our Libyan brothers will be able use this loan toward their investments, their purchases of machinery and other […]

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Libya in business, just not business as usual

Businesses of all kinds should be looking at the potential of Libya and considering whether and how to enter the market. A large part of that decision will be based on how business-friendly the laws of Libya are and how much protection investors can expect. The legal system of Libya is reasonably well developed and […]

Algerian Min. reveals phases of restoring ties with Libya

Libyan Minister of Labor and Rehabilitation Mustafa Ali Al-Rajbani revealed on Tuesday that the phases to restoring normal relations with Algeria have started to take their normal course. Al-Rajbani said in press statement that the phases of restoring relations was attained due to the several meetings that joined Algerian President Abdelaziz Bouteflika with Libyan President […]

The business outlook

When will be the best time for a multi-sector trade promotion mission from Britainto go to Libya? To find the answer to that question a small group from the Libyan British Business Council of which I am a deputy chairman spent last week in Libya, my own first visit since the revolution. My main impressions […]

Libya: NTC deputy chief Abdel Hafiz Ghoga resigns

The deputy head of Libya’s ruling National Transitional Council (NTC) says he has resigned amid growing protests against him. Abdel Hafiz Ghoga told Al-Jazeera TV that he was resigning in the national interest. Several hundred protesters stormed the NTC headquarters in the second city Benghazi on Saturday. Observers say it was the most serious show […]

Italian PM, Delegation Start Visit to Libya

Italian prime minister Mario Monti arrived in the Libyan capital, Tripoli Saturday to revive a treaty of friendship and to offer his nation’s expertise in training police in the country that after an eight-month revolution emerged from the dictatorial rule of Muammar Gaddafi. On his first visit to Libya since the ousting of Gaddafi, Monti […]

Libya and Tunisia sign security accord

Libya and Tunisia agreed on Thursday to boost cooperation on security, the fight against “terrorist groups” and border controls, according to a memorandum of understanding signed in Tripoli. The north African neighbours agreed to “exchange information on the activities and crimes of terrorist groups… their sources of financing and the movements of their leaders,” said […]