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.
Dozens of angry protesters stormed Zintan Municipality building on Tuesday, demanding improved living conditions ahead of Eid celebrations next week.
Locals in Zuwara are up in arms at the lack of fuel and have been protesting in the town since Friday demanding an end to profiteering and fuel smuggling.
The government must set up a fund for victims of Libyan-sponsored IRA terrorism if a deal with Libya looks unlikely at the end of this year, a Parliamentary committee has said, according to Belfast News Letter.
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.
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 …
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.
As the dinar continues weak against the dollar, the G-7 countries have warned that the Presidency Council (PC) and the Central Bank of Libya (CBL) need to work together to fix the economic crisis.
The house of Al-Seddiq Al-Kabeer, the Governor of the Central Bank of Libya, came under attack by an armed group on Monday.
The Libyan Civil Aviation Authority has awarded Italy’s state-run Enav the contract for the construction of the control tower and technical block in the Mitiga airport.