First Independent Mena Newspaper
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. […]
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 […]
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 […]
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 […]
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 […]
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 […]
Algeria is to reopen the major gas plant Tiguentourine after foreign investors and firms operating at the plant negotiated a deal with the Algerian government to resume work. British Petroleum and Statoil workers are about to return to their previous workplace, which they left after the terrorist attack on January 13 last year. The attack […]