LIBYA-CONFLICT-OIL

Algeria’s impolitic military ruler to the rescue of a diplomacy in disarray

As it continues to deepen its isolation in its immediate neighbourhood, the blunders of a military-controlled diplomacy have ensued new setbacks in ties with Saudi Arabia, where Algeria’s genuine ruler general Said Chengriha has spent more than ten days without being able to meet Saudi leader Mohamed Bin Salman. Chengriha, who pulls the strings of […]

Libya: UNSMIL negotiated Benghazi humanitarian truce ends

The unconditional humanitarian truce in Benghazi negotiated by the United Nations Support Mission in Libya (UNSMIL) between the Islamists and the forces of General Khalifa Hiftar aligned with forces loyal to the Tobruk government has come to an end. It was valid for a period of 12hours and started at 7a.m local time on 19 […]

Libya takes bold steps to address liquidity crisis with new banknote printing and digital payment initiatives

Libya is enacting extraordinary measures to tackle its persistent liquidity crisis. On December 5, 2024, the Central Bank of Libya announced a partnership with the British company ‘De La Rue’ to print 30 billion dinars (approximately $6.25 billion) in new currency. This decision follows years of acute financial difficulties, compounded by political instability since the […]