Features Headlines Libya

Libya: Former Major General calls for military takeov

Aiming to bring Libya’s political crisis to a halt, Maj. Gen. Khalifa Haftar, former Libyan army commander called on Libyans to support his military campaign in a recorded video message. In the video, he announced that Libya’s interim government has been dissolved and was to be replaced by the army, what was understood by some […]

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Sahel Security Summit in Niger

Niamey, the capital and largest city of the West African country Niger, hosted the Sahel Security Summit which was attended by foreign ministers from the Sahel and West Africa regions. The main objective of the high-profile meeting was to articulate a joint response to terrorism and organized crime across the region. The conference included top […]

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Libyan Military Plane Crash : 11 People Killed

Eleven people, including doctors and patients, were killed in a Libyan military crash which occurred Friday a field near Grombalia, about 40km south of the Tunisian capital. The crash of Russian-made Antonov aircraft is due apparently to engine failure. The whole plane was completely burnt out, said Tunisian emergency services. According to Libyan media, Sheikh […]

Features Headlines Libya

Libya: tensions nearing boiling point

For extending its political term which expired on February 7, Libya’s members of parliament have received threats from two powerful Libyan militia groups if they refuse to step down. In a televised joint statement, the al-Qaaqaa and al-Sawaaq militias called on the parliament to hand over power by 9 p.m. in order to avoid detention. […]

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Economic Prospects for North Africa:Managing Risks and Expanding Opportunities

Three years down the road from the wave of Arab Spring revolutions that affected the Middle East and North Africa region, MENA economies remain depressed. Egypt’s gross domestic product contracted by about 3 percent in the second quarter of 2013 while the growth rate amounted to only 2 percent last year, when compared to 2.3 […]

Features Headlines Libya

Libya, Chemical Weapons Free

Libya has become free of all chemical weapons it inherited from dictator Muammar Gaddafi, after having destroyed these banned deadly weapons and completed the disarmament process which begun under the former regime but interrupted by the war that rocked the North African country According to Libyan foreign minister Mohamed Abdelaziz, “this achievement would not have […]

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France won’t fight against terrorists in Libya

France on Monday made an announcement refusing Niger’s appeal, last week, for western military action against Islamist fighters who have established bases in Southern Libya since the 2011 overthrow of Colonel Muammar Gaddafi. Niger’s call for help is a desperate one as Islamist attacks and kidnappings on its mineral-rich soil have posed a threat to […]

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Libya : OMV Satisfied with Libyan Results

Oil production for OMV, Austrian oil and gas group, has recovered in Libya adequately to reach its 2014 output target of 320,000 to 340,000 barrels of oil per day if it continues at current levels, according to OMV’s chief executive Gerhard Roiss. Libya has proved to be a difficult place for business especially for companies […]

Features Headlines Libya

Libya drags Goldman Sachs to court

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 […]

Features Headlines Libya

Libya : State of emergency in the South

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 […]