First Independent Mena Newspaper
According to an official at the Egyptian finance ministry, Libya will be giving Cairo a loan to ease the pressure on the government. It will be offering a $2 billion five-year loan after an agreement was signed to formalize the deal. The loan will be interest free for Egypt with a 3year grace period. The […]
World Bank Vice President for the North Africa & the Middle East, Mrs. Inger Andersen, has paid lately a three-day visit to Libya carrying a message of hope and support to the efforts made by the new Libyan authorities to build a new democratic State. During her visit, first of its kind since the fall […]
Tatneft, a Russian oil company, has agreed to begin its operations again in Libya after the circumstances of the uprising against Ghadaffi no longer permitted its staff to continue with their daily activities at the Mellitah energy complex. The company said that its staff members have begun returning to the plant which is located in […]
The North African region has been experiencing attacks on Sufi tombs and shrines with the Salafists suspected of carrying them out. The latest site to be bombed is the shrine of Sidi Mohammed Landulsi, a 15th century Sufi theologian. The shrine which is located in the eastern suburb of Tajura was destroyed with a triple […]
General National Maritime Transport Company (GNMTC) of Libya is getting ready to file a case against STX Europe for the recovery of a cruise ship ordered during Kaddafi’s regime. Sources claim that the GNMTC wants to act following the announcement by STX Europe that MSC Croisières and STX France have entered into a contract for […]
After the arrest of several Libyans in Egypt amongst which is Ahmed Qadhaf al-Dam, Khadafi’s cousin who served as Egypt-Libya relations coordinator under Khadafi’s regime, who is wanted in his native country. Libya has been demanding for their extradition during the past week, has now come up with a bulky incentive to Egypt. According to […]
When the French troops launched a military operation in Mali on 11 January, the official places in Paris declared that it was aiming at stopping the advance of Islamists from their bases in the north of the country to its southern part. In this context, analysts have pondered possible reasons that lead to the invasion, […]
Despite the surging interest, Libya continues to close its door to foreign banks on the basis that the legal framework is still under preparation. One of the latest banks to have its request rejected on numerous occasions by the Libyan Monetary Authority (LMA) is the National Bank of Egypt (NBE) according to reports. The NBE […]
The government has decided to stop the process of the bids it has tendered for the procurement of the management of Libya’s state-owned Libyan Post, Telecommunication and Information Technology Corporation (LIPTIC). Almadar and Libyana are the two mobile operators in the country which are part of LIPTIC’s several subsidiaries. Reasons for the decision are yet […]
The 10th conference of the Organization of Arab Petroleum Exporting Countries (OAPEC) will be held Libya in 2014 to discuss several issues related to world oil market, the challenges facing Arab crude producing countries and ways to support Libya’s post-revolution development and reconstruction. The conference, to look also into sustainable development of energy sources throughout […]