China says Libya ready to compensate Chinese companies

China said on Wednesday that Libya was ready to compensate Chinese companies, raising the possibility that Chinese businesses that suffered losses during the country’s unrest may receive some payment. China has limited investment in exploring and producing oil in Libya, and is instead focused on servicing the sector, but has significant construction contracts in the […]

Korea pitches plans to rebuild Libya

The Korean government invited officials and business leaders from the Middle East and northern Africa to explain its plans to help reconstruct Libya a month after the death of Libyan dictator Moammar Gadhafi. About 50 government officials and business representatives from countries including Saudi Arabia, the United Arab Emirates, Kuwait and Libya will attend a […]

Libyan prime minister poised to announce secularist cabinet

Abdurrahim al-Keib, the new Libyan prime minister, is set to announce a secularist cabinet on Tuesday. The major surprise in leaked details of the cabinet – which has no places for prominent Islamists – is the appointment of Osama Jweli, the chief of the Zintan military council, as defence minister at the expense of the […]

Libya returnees get Tk 50,000 each

A total of 35,085 Libya returnees have received Tk 50,000 each in cash under the ‘workers rehabilitation project’ of the World Bank. “As per our target, all Libya returnees will get cash help. If anyone is dropped, they have been asked to communicate with the desk concerned along with valid documents,” Secretary of Expatriate Welfare […]

Talks with Libya over migration to take time

The EU will be taking its time before engaging in direct talks with the new Libyan authorities to strike a deal on illegal migration. Although the issue is of direct importance to Malta, the European Commission yesterday said negotiations with Libya on this issue will only start once “the conditions in Libya are right”. It […]

Libyan NTC Names Cabinet, Appoints Benyiza as Oil Minister

Libya’s National Transitional Council named a new interim cabinet of 24 ministers, including the appointment of Abdulrahman Benyiza as oil minister, said Acting Prime Minister Abdurrahim el-Keib. Aashur bin Khayal was named foreign minister and Osama Jwaili was appointed as defense minister, el-Keib said in a televised press conference outside Tripoli today. Hassan Ziklam was […]