Agriculture, food firms eye business in Tripoli

Turkish firms have shown great interest in the ongoing “Libya International Agriculture and Marine Fishery Exhibition” in the Libyan capital city of Tripoli, an exhibition which serves as another sign of the normalization of the restructuring country. A total of 51 Turkish companies are taking part in the fair. Libya found the attendance of the […]

OMV Q1 profit beats expectations, Libya helps

Austrian energy group OMV's first-quarter profit beat expectations as rising output from Libya helped earnings grow. Clean CCS earnings before interest and tax - which exclude one-offs and unrealised gains from valuing inventories - rose 9 percent to 800 million euros ($1.04 billion), compared with a forecast for 755 million in a Reuters poll. That beat […]

Libya PM office attacked by gunmen

The office of Libya's interim prime minister in the capital, Tripoli, has been attacked by gunmen believed to be ex-rebels demanding payment. Mohamed Alsabee, from the PM's media office, has told the BBC there was gunfire inside the building. A dozen pick-up trucks mounted with anti-aircraft guns are surrounding the building, says the BBC's Rana […]

Weekly Security Review

Projections Tripoli will remain calm, although as elections approach in the coming weeks there will be an increased risk of political demonstration in central areas of the city, and around government buildings and major hotels housing foreign media, who are likely to return in time for the polls. Benghazi will also remain calm overall, but […]

Turkish Food and Agriculture Firms in Libya

Libya is returning to 'normal life' in post-Gadhafi era. Turkish firms showed high interest to 'Libya International Agriculture and Marine Fishery Exhibition' which takes place in capital city of Tripoli. A total of 51 Turkish companies join the fair and started to work on expanding their business contacts. Opening of the exhibition was held by […]

Libya spends JD40m on hotels in Jordan

The Libyan authorities will soon pay the Kingdom’s hotels part of their outstanding dues for accommodating Libyan citizens, Libyan Deputy Prime Minister Omar Abdul Karim said on Monday. In a statement sent to The Jordan Times, Abdul Karim said JD40 million has already been transferred to Jordan and will be allocated to the Kingdom’s hotels. Jordan […]

In muddle of Libya's finances, billions go missing

Months after rebels brought down the extravagant dictatorship of Muammar Gaddafi, the disarray in Libya's state finances at the end of last year was so bad the new leadership did not know the size of state assets, how their money was being spent, or what had happened to more than $2 billion transferred from the […]