Headlines Libya

Libya: E.U to sanction factions rejecting UN Deal

The European Union (EU) is planning to impose sanctions on any of the warring parties in Libya that refuses to agree to the U.N-brokered peace deal propelled by Special Envoy Bernardino Leon. E.U foreign policy chief Federica Mogherini has already discussed the matter with European foreign ministers and Leon. Details of the possible sanctions have […]

Finance Headlines Libya

Libya: Freeze Libyan sovereign fund till unification, Breish

Abdul Magid Breish, once the undisputed leader of the Libyan Investment Authority (LIA), has warned that the country’s $67 billion sovereign wealth fund should continue to be frozen “until we have total stability.” Four chairmen are claiming to be representing LIA for the past two years but Breish stressed that the two rival governments and armed […]

Headlines Libya

Libya: Political Deal Reached in Morocco, Major Stride towards Peace

The political agreement signed by several Libyan negotiators in Morocco this weekend is a breakthrough towards a lasting peace in the North African country, although the Tripoli-based General National Congress has not initialled yet. Libya, which has been rocked by violence and fighting between rival armed groups competing for power since the fall of Gadhafi […]

Headlines Libya Uncategorized

Libya: PM Thinni confident for accord between rival Libyan factions

Libya internationally recognized Prime Minister Abdullah Thinni sounded optimistic for a final agreement between the Libyan rival factions which have resumed talks in Morocco to agree on the peace accord draft proposed by the UN envoy, Bernardino Leon. The UNSMIL Draft V peace accord which was initially criticized by Prime Minister Thinni’s side is the […]

Headlines Libya

Libya: Disagreement on few points persists, but UN Envoy upbeat

Another round of talks in Morocco has ended between Libya’s two rival governments with the U.N special envoy telling reporters he is optimistic that a general agreement could be reached. The delegates left Morocco for Libya on Monday but they are expected to be back on Thursday to continue the talks after holding consultations with […]

Headlines Libya

Libya: Tobruk supports discredited draft after amendments

The parliament of the internationally recognized government in Libya has approved the U.N proposed peace draft in a vote after making amendments to it. The draft was initially rejected by the parliament because it was considered favorable to the rival government in Tripoli. According to Tareq al-Jouroushi, a member of the Tobruk parliament, 66 of […]

Features Headlines Libya

Libya: 4th peace proposal draft “positive” but also eyed with “displeasure”

The Tripoli-based government has welcomed the fourth version of a peace proposal draft by UN Special Envoy Bernardino Leon but the internationally recognized Tobruk-based government has stated that it will need time to examine it. Tripoli reacted to the latest draft for a transitional unity government as having “positive proposals that could lead to a […]

Features Headlines Libya

Libya: Tobruk accuses León of succumbing to Tripoli extortion

The new peace plan proposed by Bernardino León has been rejected by the Tobruk based government citing that it was drafted to satisfy Tripoli’s demand. Talks for a final deal began in Morocco but didn’t last long because the revised draft was strongly criticized. A Tobruk delegation has headed to Germany to discuss with European […]

Features Headlines Libya

Egypt, Algeria and Italy discuss Libya; time is of essence

After their first tripartite meeting in April, Algeria, Egypt and Italy held a second meeting in Cairo over the weekend and concern about the situation in Libya was on top of the agenda as the three countries continue to witness consequences of the war within their borders. The meeting between the Egyptian, Algerian and Italian […]