Fitch-Ratings

Libyan Investment Authority achieves world’s highest growth rate among sovereign wealth funds in 2025

The Libyan Investment Authority (LIA) has achieved the highest growth rate among global sovereign wealth funds in 2025, according to a report by Global SWF. The LIA recorded an impressive 32% year-on-year growth, earning an overall score of 84% in the Governance, Sustainability, and Resilience (GSR) Scoreboard. This performance places the LIA third among Arab […]

UNESCO deplores Turkey’s decision to change status of historic Hagia Sophia

As the Turkish President signed a decree on Friday converting the ancient Hagia Sophia in Istanbul into a mosque, the UN cultural agency (UNESCO) said that it “deeply regrets the decision” made “without prior discussion”. UNESCO had earlier in the day called on Turkey to abide by its “legal commitments and obligations” in accordance with […]

Menfi backs National Reconciliation Charter, declares January 7 Libya’s Peace Day

Libya’s Head of the Presidential Council, Mohammed Menfi endorsed the National Charter for Reconciliation, marking a strategic milestone in the country’s pursuit of stability and social cohesion. The endorsement was made in Tripoli on Wednesday, in the presence of members of the Supreme Council for Peace and National Reconciliation and representatives of diplomatic missions accredited […]