Tag Archives | Switzerland

Video: Libya Ceasefire Talks Resume in Geneva

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Libya Business News. Talks to establish a lasting ceasefire in Libya have resumed in Geneva. It is the latest attempt to forge a political deal between Libya’s internationally-recognised government and renegade military commander Khalifa Haftar. But as […]

Joint Military Commission Starts Meeting in Geneva

By John Lee. The 5+5 Libyan Joint Military Commission is starting its meeting under the auspices of the United Nations in Geneva on Monday. Five senior officers appointed by the Government of National Accord (GNA) and five senior officers appointed by the Libyan National Army (LNA) are participating in the talks, which are moderated by […]

Edtech Start-Up Wins Tripoli Pitching Event

By John Lee. Libyan educational tech startup iStudy has won this year’s Seedstars Tripoli pitching event. iStudy is a smartphone app for Android and IOS for parents to watch their children progress at school. It will now represent Libya in the regional summit in Morocco in December, and in the Seedstars Summit 2020 in Switzerland. […]

LifeCo Gas Supply Suspended pending Debt Payment

The National Oil Corporation (NOC) has confirmed the suspension of natural gas supply to the Libyan Norwegian Fertiliser Company (LifeCo) pending settlement of unpaid debts. In a statement, NOC said: “NOC management has attempted to resolve the issue through various consultations aimed at rooting out corruption and ensuring operational continuity at LifeCo plants. NOC has […]

Glencore “Loses Exclusive Rights” to Sarir & Messla Oil

By John Lee. Glencore has reportedly lost its exclusive marketing rights for the Sarir and Messla oil export grades. Sources told Reuters that since the end of 2018 anyone can buy these grades, and that both Shell and BP have taken some. The Switzerland-based commodities giant originally won the rights to in late 2015, when […]

Refinery to be Relocated from Switzerland to Southern Libya

Within the framework of ongoing efforts by the National Oil Corporation (NOC) to address the southern fuel crisis, and the creation of projects to bring new employment opportunities and economic benefit to the region, NOC and Zalaf Oil & Gas Exploration and Production Co, have reviewed studies relating to the relocation of the Collombey refinery […]

Swiss Banking Software Firm to supply Libyan Bank

Swiss-based banking software company Temenos has announced that Alejma’a Alarabi Bank, one of the largest private banks in Libya, has chosen Temenos T24 Core Banking to renovate its IT infrastructure. The bank chose T24 Core Banking, and also opted for a host of additional solutions including Islamic banking capabilities, Temenos Analytics & Reporting, Temenos Financial […]