November 21st, 2018 | 0 commentsLibya expects to end a long-running liquidity crisis by early 2019 as a foreign currency tax helps the official and black market exchange rates converge at less than 3 dinars to the dollar, the Tripoli-based deputy prime minister said. The chasm between the two rates has enabled armed groups and their allies to reap vast profits to fund t...
October 17th, 2018 | 0 commentsLibya’s state-owned Al-Madar mobile phone company, the second largest mobile phone company in Libya, announced yesterday the launch of its fourth generation plus (4G+) high speed mobile internet service. Al-Madar said that it will start the 4G+ service “soon” in the greater Tripoli area, and that the service will also be available in the...
October 9th, 2018 | 0 commentsLibya’s Ministry of Interior, aligned to the internationally recognised Libyan Presidency Council and Government of National Accord led by Faiez Serraj, announced yesterday that it had taken over the security of Tripoli port. The announcement follows on from the announcement last Tuesday (2 October) by Mustafa Gadur, commander of one of T...
September 25th, 2018 | 0 commentsFrance on Monday called for stronger UN sanctions on Libyans who stand in the way of a political solution in the conflict-ridden country. The current situation “forces us to show greater firmness toward those who want to insist on the status quo for their sole benefit,” French Foreign Minister Jean-Yves Le Drian told reporters at the Unit...
September 4th, 2018 | 0 commentsThe internationally-recognized Government of National Accord (GNA) in Libya has announced a state of emergency in Tripoli where violence has led to at least 39 deaths. United Nations chief Antonio Guterres on Saturday called for an end to violence in Libya in accordance with a UN-brokered ceasefire agreement. According to a health ministr...
September 3rd, 2018 | 0 commentsMitiga airport was closed today for 48 hours and flights diverted to Misrata as indiscriminate and sporadic gunfire and shelling is reported across Tripoli. The militia fighting that had initially been restricted to Tripoli’s southern borders spread with numerous projectiles landing across the whole capital. Tripoli Municipality’s Capital...
August 29th, 2018 | 0 commentsThe United Nation’s Libya mission, UNSMIL, confirmed today that a ‘‘work’’ meeting was held in Tunis yesterday between Tripoli-Central Bank of Libya Governor Saddek El-Kaber and acting head of the Beida Central Bank of Libya, Ali Hibri. The meeting came at the invitation of UNSMIL head Ghassan Salame to discuss the audit of both banks’ ac...
August 20th, 2018 | 0 commentsThe Tripoli-based Central Bank of Libya (CBL), headed by Saddek Elkaber, sacked the General Manager of the Libyan Foreign Bank (LFB), Mohamed Ben Yousef, and all his board of directors on Monday. The CBL also referred them for investigation. The LFB is a wholly-owned subsidiary of the CBL. The LFB used to be known as the Libyan Arab Forei...
August 17th, 2018 | 0 commentsBrega Marketing Company, a wholly-owned subsidiary of Libya’s National Oil Corporation (NOC), confirmed yesterday the dissolution of the Fuel and Gas Crisis Committee and the sacking of its head Milad al-Hajrasi. Hajrasi has been ‘‘referred for investigation’’, it added. Brega is responsible for importing and distributing cooking gas and...
August 15th, 2018 | 0 commentsLibya and Canada have agreed on the importance of the provision of a solid constitutional basis for holding parliamentary and presidential elections and on holding both elections simultaneously, the Anadolu Agency reported. This came in a meeting between Canadian Ambassador to Libya, Hilary Childs-Adams, and the Chairman of the Presidenti...
