First Independent Mena Newspaper
A suit has been filed against Goldman Sachs in London’s high court, by Libya’s sovereign investment fund, for making a profit of $350 million from the creation of $1 billion in derivatives trades that became valueless. With the Libyan Investment Authority, a sovereign fund, seeking losses from the trade, a spokesman for Goldman Sachs said […]
A state of emergency has been declared in Southern Libya following an attack on the Tamahind air force base in the region. The government is calling it sabotage of the revolution and accuses Gadhafi’s loyalists of being behind it. The base was overtaken by the armed group prompting the government to order an airstrike and […]
Libya’s deputy industry minister, Hassan al-Droui, was killed by unknown gunmen as he drove home from a shopping trip during a visit to his hometown of Sirte, east of the capital Tripoli. The government blamed the attack, which occurred during on late Saturday (11 January), on hard-line Islamist militants. It is the first assassination of […]
Libyan politicians are at a crucial crossroad as the country prepares for another major political move before the end of the month. The General National Congress, Libya’s parliament, came under gun attack to pressure it in holding a no-confidence vote. Prime Minister Zeidan has admitted that his government has failed and there will be a […]
The Libyan government has finally been able to convince the protesters occupying the EL Shararaoilfield to free it for production. The announcement came at a point when Tripoli is facing financial problems due to the occupation of almost all the oil ports. Production at the site is expected to begin before Monday and it will […]
New protests in the Libyan capital are calling for the departure of Prime Minster Ali Zeidan. The protesters blocked the entry to several ministries and other important state institutions in a bid to pressure the Prime Minster into tendering his resignation. The office of the Prime Minister, the oil, finance, transport, foreign and justice ministries […]
Libya and Egypt have been hit with unprecedented deadly attacks over the last three days. First, seven people were killed at a security checkpoint near Benghazi in the first known suicide bomb attack in Libya since the fall of Colonel Gaddafi. Then on Tuesday (24 December) a car bomb attack at a security building in […]
Houcine Rahmouni, Deputy General Manager of the Islamic Centre for Development of Trade has highlighted the significance of Libya becoming a member of the World Trade Organization (WTO). The call was made at the ongoing Economic Diversification conference being held in Tripoli. He said the government needs to join the organization to turn the “inexistent” […]
Prime Minister Zeidan has stated that Libyans “now believe that militias are dangerous” and should be disarmed. The government has been faced with the uphill task of asserting its authority in a weapon infested country. Zeidan said that the “revolution ended with the end of Ghadafi” and there is need to establish a state now. […]
Tripoli has received another major blow after rebels in the eastern part of the country announced that they will not freeing the oil ports as promised last week. Ibrahim Jathran, autonomy leader of the eastern region, blamed the government for their move claiming that they rejected their proposed conditions. Tripoli has not reacted to the […]