Trade boom with Libya on Lebanon’s horizon

Libya’s recent decision to lift its economic embargo on Lebanon will boost bilateral trade and open up opportunities for businesses in Libya’s reconstruction and energy sectors, experts said. A statement issued by the newly appointed Libyan Cabinet announced the decision earlier this week. The Cabinet has also lifted a similar trade embargo on Switzerland. “We […]

Libya’s government allocating $8 billion to reintegrate fighters into civil life

A Libyan government committee will help integrate former revolutionary fighters back into civilian life using $8 billion dollars allocated to it to get started, the committee head said Monday. Thousands of civilians took up arms against Moammar Gadhafi’s regime when protests took a violent turn in February. Disarming the militias have been a key struggle […]

Libya given $20 bln of freed assets

Libya has received roughly $20 billion in assets that were held overseas by Moamer Kadhafi’s regime and frozen during the conflict that ousted him, the foreign minister said on Tuesday. An estimated $150 billion (117 billion euros) of overseas assets were frozen following UN Security Council sanctions against his regime during the popular uprising and […]

Weekly Security Review

Summary Tripoli will remain stable although there is an on-going risk of clashes between rival militia groups. In a clash on 3 January, four people were killed and five injured. Meanwhile, a local militia leader claimed to have detained a number of pro-Gaddafi supporters who were planning to carry out an attack in the capital. […]

Media Conference for Libya Western Region

The Mass Media Conference, a three day event for journalists kicked off in the Peoples Conference Hall in Tripoli with the participation of over 150 persons related to media from all over the western region. Journalists from the different cities addressed the conference highlighting a few of the challenges media personnel are facing in the […]

Libya Offers Legal Contracts to Egyptian Local Workforce

Libya’s Ministry of Labor says it wishes to hire foreign labor, including Egyptians and has set a two-month deadline for illegal expatriate workers residing in Libyan lands to send their applications. “This will offer a window of opportunity to foreign laborers working in Libya illegally to adjust their status,” the ministry said in a press […]

Libya NOC To Export About 700,000 B/D On Average In January -Oil Chief

Libya’s National Oil Co. is planning to increase crude exports to about 700,000 barrels a day on average in January, its chairman said Monday, as the war-torn nation brings relief to markets jittered by U.S.-Iranian tensions. Speaking to Dow Jones Newswires, Nuri Berruien said “the monthly average will be roughly 700,000 barrels a day, plus […]

Germany Pledges to Help Libya Rebuild

During a one-day visit to Libya on Sunday, sandwiched between trips to Algeria and Tunisia, German foreign minister Guido Westerwelle said on Sunday his country was ready to contribute to the reconstruction of Libya following the collapse of Muammar Gaddafi’s 42-year rule. During his first visit to the country since the National Transitional Council took […]