First Independent Mena Newspaper
A World Bank report released this week estimated that Libya’s economy suffered losses amounting to $600 billion over the past decade, calculated at 2015 constant values. These staggering losses underscore the severe impact of prolonged conflict and political instability on the nation’s economic potential. The report highlighted that without these disruptions, Libya could have achieved […]
Libya’s House of Representatives and the High State Council agreed to work together to take the necessary steps to form a national unity government and organize fair elections to end the institutional division in the country. This came in a statement following a consultative meeting between the two institutions held in Morocco’s Bouznika. The two […]
Eastern Libya’s House of Representatives and the Tripoli-based High State Council are holding on Dec 18-19 a new round of political consultations in Morocco’s Bouznika, not far from Skhirate where they reached the landmark 2015 deal. Speaking at the opening of the talks, foreign minister Nasser Bourita welcomed the delegations from the two institutions which, […]
The head of the Tunisian Observatory for Human Rights, Mustafa Abdelkabir, has confirmed on December 17 the release of a second group of Tunisian nationals detained in Libya, who had been held for over two weeks on charges related to customs violations. These infractions stemmed from transporting goods in quantities exceeding the legally permitted limits. […]
A source familiar with Libya’s oil sector has alleged that the National Oil Corporation (NOC) is publishing inflated production figures to evade accountability for the utilization of a 60 billion Libyan dinar budget allocated to increase oil output. According to the source, OPEC’s monthly report, released on December 13, 2024, stated that Libya’s crude oil […]
Libya’s state-owned National Oil Corporation (NOC) declared force majeure at its 120,000 b/d Zawiya refinery on Sunday following clashes between armed groups near the facility. NOC said a number of storage tanks were hit, causing fires. These were subsequently brought under control, it added. Zawiya is Libya’s largest operational refinery, with most of its production […]
The Libyan Government of National Unity has called on Moscow to provide an urgent explanation regarding the Russian Embassy’s recent travel warning for Libya. Issued on Thursday, December 12, the advisory discourages Russian citizens from traveling to Libya, citing risks to safety, and comes in the wake of the arrest of a Russian citizen in […]
Congo-Brazzaville President Denis Sassou N’Guesso conducted a three-day visit to Libya from December 9 to December 11, marking his first trip to the country since 2011. Acting in his capacity as Chair of the African Union High-Level Committee for Libya, Sassou N’Guesso engaged in talks with key Libyan officials in both Tripoli and Benghazi. His […]
The International Monetary Fund has urged Libyan authorities to prioritize spending through an approved and unified 2025 budget to prevent pro-cyclical expenditure and enhance resource management. The IMF announced on December 10 that Libya’s recovery in oil production has led to an upward revision of the country’s GDP growth forecast for 2025. In its report […]
Libyan Prime Minister Abdul Hamid Dbeibah has approved the National Food Security Strategy 2025-2035, developed by the National Council for Economic and Social Development. The approval was announced during a ceremony held in Tripoli on Sunday, December 8. Dbeibah emphasized that food security is a national priority and a key pillar for economic and social […]