FINANCE & ECONOMY

February 25, 2018

Libya loses 70.000 oil bpd of its daily output

The company operating the 70,000 barrel-a-day Al-Feel deposit, also known as Elephant, suspended output late Thursday after armed guards who work at the facility decided to occupy it to protest at unpaid wages, a person with knowledge of the matter said, asking not to be identified because"...

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February 25, 2018

Breish: Political interference in the Libyan Investment Authority must stop

Last week, Abdel Rahman Shalgham, the former Libyan ambassador to the United Nations, expressed concerns that the assets of the Libyan Investment Authority (LIA) are being seized by international actors supported by domestic parties. The former ambassador made his concerns public on his"...

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February 25, 2018

Libya’s NOC declares Force Majeure at Al-Feel oilfield

The Libyan National Oil Corporation (NOC) said in a statement on Saturday that it had declared force majeure on the Al-Feel oilfield after a protest by guards closed the field.

Al-Feel, which produces 70,000 barrels"...

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February 25, 2018

Libya wins legal case against Brazilian companies seeking compensation

The Libyan state has won an international legal case against two Brazilian companies demanding compensation for the alleged damage caused to them due to suspension of construction projects in 2011.

Libya’s"...

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February 25, 2018

Arab media: Afrin op. as an opportunity to boost Erdogan's domestic popularity

Allegations of Turkish support for weapons smuggling to Libya, as well as Turkey’s ongoing military operation in northwest Syria and its strategic implications have continued to make Arab media headlines over the past week.

The"...

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February 25, 2018

Turkey highlights its contractors' problems in Libya

Turkey and Libya should find a common ground to enhance their bilateral relations and to shape up their future plans, Turkish economy minister said Saturday.

Speaking at the Libya-Turkey Investment and Development"...

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February 25, 2018

Libyan experts discuss inclusion of Libya's intangible cultural heritage into UNESCO

A number of Libyan experts on Saturday discussed the challenges of Libya's ratification of UNESCO's Convention for the Safeguarding of the Intangible Cultural Heritage.

During a workshop on UNESCO in the"...

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February 25, 2018

AURAK is Making a Difference in Special Education

In connection with the UAE’s Innovation Month, the American University of Ras Al Khaimah’s Dr. Sharon Waller, PhD., CED provided two educational sessions to enlighten, support, and encourage local teachers of determined students.

...

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February 24, 2018

2018 Budget: Reps fault NEMA’s defence of 2017 expenditure

For the second time in one week, the House of Representatives committee on emergency and disaster sent back the management of the National Emergency Management Agency (NEMA) for what it described as improper documentation and its inability to defend its 2017 budget performance.

The"...

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February 24, 2018

Remarks Upon the Signing of a Bilateral Agreement on Libyan Cultural Property

It is my great pleasure to welcome Under Secretary Almughrabi and Ambassador Boughaighis on this very important occasion. As Under Secretary of State for Public Diplomacy and Public Affairs, I am delighted to sign an agreement today that solidifies U.S. and Libyan joint collaboration to"...

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