Libyan Central Bank to Withdraw Fifty dinar Banknotes

Libyans have until March 15 to hand their 50-dinar notes bearing the picture of former brutal dictator Gaddafi, to banks around the country, which in turn will be forwarded to the Central Bank to be exchanged for new ones. The bank’s governor Al-Seddiq Omar al-Kabir told reporters that Libyans have until March 15 to hand […]

Ugandan Embassy in Libya to Re-open Soon

After the Ugandan embassy in Tripoli, Libya was temporarily closed due to the uprising that caused chaos in the country from mid February 2011, Ugandans in Libya as well as other people of different nationalities who may need to associate with Uganda have a reason to smile as the embassy is to be re-opened in […]

Libya’s oil exports to hit 800,000 bpd in Jan-NOC

Libya’s oil exports are set to rise to 800,000 barrels per day in January, a senior source at the National Oil Corporation (NOC) told Reuters on Thursday. This compared to exports of around 500,000 bpd in December. The NOC expects to deliver between 40 and 45 cargoes of crude oil this month, the source said. […]

Libya approves appointment of SWF board of trustees

Libya’s interim government has approved the appointment of a board of trustees for the $65 billion Libyan Investment Authority (LIA), the state news agency reported on Wednesday, paving the way for appointing new management for the fund. “The cabinet approved the appointment of the board of trustees of the Libyan Authority,” the agency said, without […]

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. […]