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Libyan money in UAE could end up in Saif Gaddafi’s hands, report

The Sunday Times reported investigators following up the case of Libyan smuggled money abroad as saying that about 30 billion dollars out of 50 billion in the United Arab Emirates could end up going to Saif Al-Islam Gaddafi – the recently released son of late dictator Muamar Gaddafi.

Libya’s political division is root cause of its economic crisis: Audit Bureau 2016 report

The underlying cause of Libya’s economic problems in 2016 were caused by the political division of the country. This division had led to the existence of multiple contending governments and central banks – and contending monetary policies.

NOC Chief: Libya lost millions of dollars due to oilfields shutdown

The Chairman of the National Oil Corporation (NOC), Mustafa Sanallah, has disclosed that shutting down Sharara and Al-Wafaa oilfields was coordinated and planned by state official figures aiming to attain political and financial gains, adding that the militias that are seen by the public as the ones closing the fields …

EU Trust Fund for Africa assigns €90 million for migration management in Libya

The EU Trust Fund for Africa adopted Wednesday a €90 million program to step up the protection of migrants and reinforce migration management in Libya, upon proposal from the European Commission, a press release by the European Commission indicated.