Weekly Security Review

Projections Tripoli will remain generally stable, however, there is an ongoing risk of clashes involving opposing militia groups and tensions are likely to increase in the run-up to a deadline set by the local council for militias to be disarmed, and those from outside the city to return home. Benghazi will remain calm but there […]

Libya to maintain Ugandan investments

Libya has invested at least $375 million (about Shs 900billion) in Uganda through its multi-billion dollar investment arm—the Libyan Africa Investment Portfolio. In Africa, Uganda is considered a hub of Libya’s foreign investment.Under the regime of the Late Col Muammar Gaddafi—Libya invested heavily in sectors such as agriculture, telecommunication, hotels, health, construction, and finance.The range […]

Libya asks Turkey’s support for military training

Libyan Defense Minister Osama al-Juwali said Tuesday that Turkey has a very strong army and asked Turkey’s support for military training. In an exclusive interview with the AA, al-Juwali said that Libya wanted the assistance of the Turkish Armed Forces (TSK) in training the Libyan army during the transition period. Libya has become a country […]

PHL alert level in Libya lowered from “4” to “2”

The Department of Foreign Affairs (DFA) said on Tuesday President Benigno Simeon Aquino III approved its recommendation to lower the alert level in Libya from “4” (evacuation/mandatory repatriation) to “2” (restriction phase).   “This lowering of the alert level means the redeployment of returning overseas Filipino workers (OFWs) to Libya, as well as allowing Filipinos […]

Indonesia’s Medco secures approval for Libya well construction

Indonesia’s Medco Energy signed a commercial agreement with Libya Investment Authority (LIA) for its Area 47 field in Ghadames basin, Libya, the oil producer said on Monday. It will start the development stage of the production facility in 2012, construction in 2012 and it is entitled to $374.3 million in cost recovery funds, it said […]

U.N. lifts Libya sanctions

Last Friday, the UN Security Council voted to remove sanctions it imposed against the Libyan Central Bank and against the Libyan Foreign Bank, a Central Bank-owned offshore institution, in support of the protests against Col. Muammar Gadhafi.  The value of frozen Libyan assets is estimated at $150 billion.  Previously only $18 billion had been released, of which […]

Libya Seeks to Buy Electronic Ankle Monitor Bracelets, Bild Says

Libya’s transitional government is seeking to buy electronic ankle monitor bracelets in Germany to aid in law enforcement, Bild reported, citing an internal German Foreign Ministry document. The Foreign Ministry views the request, made in the fall to the German Embassy in Tripoli, as a way to enter the Libyan market, the newspaper said today. […]