First Independent Mena Newspaper
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 […]
At a charity fashion show organized to raise funds for the National Centre for Cancer Care and Research in Doha, the Libyan ambassador to Qatar urged Qatari authorities to invest in Libya’s reconstruction. Ambassador Hafiz el-Bouri said Libya has “very big chances of investments presently” that could be capitalized upon. He is hoping that Qatar […]
Moscow is looking forward to sell its latest weapons to Libya, now under new government, after the collapse of Gadhafi regime which was Russia major client in the region. According to foreign intelligence reports, the Russians seek by all means to restore military cooperation ties with the North African country and secure their market share […]
In 2011, Libya’s economy contracted to around 60% but according to the International Monetary Fund, it grew by more than 100% in 2012 as it continues to recover. It is forecasted to reach around 16.7% this year after attaining 121.9% in 2012. The head of an IMF mission which went to country, Ralph Chami, stated […]
Long before the advent of the Arab Spring, the region was boiling as people in most of the countries of the region were denied basic social and economic rights: Unhealthy housing, below standards education, inaccessible health care, ramping unemployment etc. However hard the situation was, people seemed accommodating with their daily hardships, thanking God for […]