Uncertain Libyan prospects

Some Egyptian contracting companies perceive the current Libyan market as the lifeline that will save them from the deep economic recession. The January revolution and associated instabilities caused by a security breakdown and labour protests have taken their toll on many activities, which in turn slowed economic growth rates down. However, Egyptian companies are not […]

Exclusive: Libya vets big fuel import deals in Istanbul

Top oil majors and trading houses met Libyan oil officials in Istanbul this week for their first chance to win multi billion dollar deals to supply fuel needed to keep the new government on its feet. Libya plans to purchase nearly three million tons of gasoline alone, worth close to $3 billion at current prices. […]

Iranian FM Leaves Istanbul for Libya

Iranian Foreign Minister Ali Akbar Salehi left Turkey for Libya to meet the country’s interim government officials on bilateral ties and the fate of Shiite Cleric Imam Musa Sadr. Salehi, who was in Turkey to attend an international conference on Afghanistan in Istanbul, left the country for Tripoli, where he is due to meet with […]

Embassy of Libya to be Established in Warsaw

The Department for European Affairs of Libya’s Transitional National Council’s Ministry of Foreign Affairs has notified the Polish Ministry of Foreign Affairs that the Libyan Representation in Poland will be upgraded to the rank of Embassy. “Having regard to the historic relations between Libya and Poland as well as Poland’s position supporting Libya ever since […]

Gaddafi fall cost Russia tens of blns in arms deals

Russia lost tens of billions of dollars in potential revenues from arms deals with Libyan leader Muammar Gaddafi’s fall, said the official in charge of Russia’s arms exports. Russia, the world’s No. 2 arms exporter, has frequently cited losses of $4 billion in Libyan arms contracts. “The figure of $4 billion is only nominal, the […]

Experts lower Libya risk rating

Risk consultancy AKE has said it has lowered its security risk rating for Libya as a result of improved conditions in the recently liberated country. Libya is now rated at 35 out of 100, a notable improvement from the ratings of 63 and 64 the country had during its six-month long conflict between March and […]

Alitalia and other airlines resume flying to Libya

Commercial aviation in war-torn Libya is slowly coming back to normal. Alitalia became the first European airline to resume flying to Libya, eight months after the Italian carrier suspended operations to the North African country that had been seized by a full-scale revolt and civil war for much of the year. Alitalia reopened its commercial […]