Council Members

News & Comment

The following news headlines are selected breaking news stories about Libya and the Libyan business arena, which are collected daily from a variety of sources.

If you click on "Read More" for a headline marked "External Article" you will be taken to the source of that story. For all other articles, which can be read on the LBBC website, we welcome your comments and opinions.

Joint statement on Libya [FCO UK]

External Article. Opens in a new Window.

17th Aug 16: The Governments of France, Germany, Italy, Spain, the United Kingdom, and the United States welcome the announcement by the Presidency Council of the Libyan Government of National Accord (GNA) appointing an Interim Steering Committee of the Libyan Investment Authority (LIA).

Read More

Libya's U.N.-backed government appoints panel to run $67 billion wealth fund [Reuters]

External Article. Opens in a new Window.

16th Aug 16:

Libya's U.N.-backed government said on Monday it was appointing a five-member caretaker committee to run the country's $67 billion (52.03 billion pounds) sovereign wealth fund.
The Government of National Accord (GNA) said in a statement that the committee should not dispose of Libyan Investment Authority (LIA) assets and should protect the fund's rights and follow all legal cases it is involved in.

Read More

UN has set dangerous precedent, says Libya's oil boss [Guardian]

External Article. Opens in a new Window.

12th Aug 16: The head of Libya’s national oil company has lashed out at the United Nations, suggesting the head of the international organisation’s mission to his country, Michael Kobler, had set a dangerous precedent by seeking a deal with one of the militias blocking Libya’s oil ports.

Read More

Libya forces capture Isil headquarters in key city of Sirte [Telegraph]

External Article. Opens in a new Window.

11th Aug 16: Forces loyal to Libya’s recognised government claimed another victory over Isil on Wednesday, announcing the capture of the terrorist movement’s headquarters in the city of Sirte.

Read More

Libya's NOC calls on rival factions to protect Zueitina terminal [Reuters]

External Article. Opens in a new Window.

8th Aug 16: Libya's state oil company on Sunday called on rival armed factions to avoid damaging the oil terminal in Zueitina, following reports of possible clashes at the eastern port.

Read More

EU extends civilian mission in Libya by a year [Reuters]

External Article. Opens in a new Window.

4th Aug 16: The European Union on Thursday extended its civilian mission in Libya by a year and allocated a $18.92 million budget for the task.

Read More

US launches airstrikes against Isis in Libya [Guardian]

External Article. Opens in a new Window.

2nd Aug 16: US warplanes have attacked Islamic State forces in Libya, the Pentagon has announced, at the start of what US officials say will be a sustained offensive against the militant group outside Iraq and Syria.

Read More

Libya's NOC welcomes opening of ports, aims for 900,000 bpd by end of year [Reuters]

External Article. Opens in a new Window.

1st Aug 16: TRIPOLI, July 31 Libya's state oil company said on Sunday it welcomed the "unconditional" reopening of blockaded oil ports following a deal between the U.N.-backed government and an armed force which controls key facilities, saying it would begin work to restart exports from the terminals.

Read More

Libya’s UN-backed council says oil terminals have reopened [Seattle Times]

External Article. Opens in a new Window.

29th Jul 16:

 Libya’s U.N.-brokered presidency council has announced the reopening of the country’s vital oil terminals.
The move comes after the council struck a deal with a militia commander who shut the terminals down in December 2014, causing a sharp decline in state revenue.

Read More

Three strategic projects set to soar after Libyan Local Investment & Development Fund (LLIDF) appoints PwC

External Article. Opens in a new Window.

28th Jul 16: A multi-million redevelopment of Tripoli International Airport is getting ready for take-off following the Libyan Local Investment & Development Fund’s (LLIDF) appointment of PwC as its strategic advisor.

Read More

Serraj asks Arab governments call for Libyan unity against Islamic State [Libya Herald]

External Article. Opens in a new Window.

26th Jul 16: Arab leaders meeting in Nouakchott have called on all Libyan factions to unite in the fight against “terrorists” and work together to rebuild the state.

Read More

Libya oil exports threatened as NOC warns against port deal [Reuters]

External Article. Opens in a new Window.

24th Jul 16: Libya's hopes to boost crude exports have been dealt a blow after the head of the National Oil Corporation (NOC) objected to a deal between the government and local guards to reopen key ports. 

Read More

Libya: Tripoli condemns French military involvement [Al Jazeera]

External Article. Opens in a new Window.

22nd Jul 16: Libya's UN-backed government has reacted strongly following France's confirmation that its special forces have been operating in the country, which also sparked angry protests in the capital Tripoli against French military intervention.

Read More

Libya's U.N. backed government moves to tackle power cuts in key test [Reuters]

External Article. Opens in a new Window.

19th Jul 16: Libya's U.N.-backed government is moving to tackle chronic power outages in a key test of the Tripoli-based administration's ability to take executive control and win support by improving living conditions.

Read More

Marathon Libya Dialogue session in Tunis heads for third day [Libya Herald]

External Article. Opens in a new Window.

18th Jul 16: There can be no alternative to the Libyan Political Agreement Presidency Council chief and prime minister-designate Faiez Serraj averred today in Tunis during a marathon second day of the Libyan Dialogue.

Read More

Libya prime minister-designate urges unity for fractured country [Middle East Eye]

External Article. Opens in a new Window.

18th Jul 16: The head of Libya's unity government on Sunday urged his countrymen to close ranks to overcome political divisions in a nation already wracked by the threat of militants.

Read More

Rebuilding of confidence and security is key to Libya: British ambassador Peter Millett [Libya Herald]

External Article. Opens in a new Window.

12th Jul 16: Speaking for just under an hour to a House of Lords Committee, Britain’s Ambassador to Libya Peter Millett said that he had been ”very closely involved” with the 2015 UN-brokered Libyan Political Agreement (LPA).

Read More

Op-Ed: Foreign special forces support both sides in Libya [Digital Journal]

External Article. Opens in a new Window.

11th Jul 16:

Air traffic recordings recently revealed show that UK, French, and US forces are co-ordinating air strikes in support of Khalifa Haftar's Operation Dignity against IS and other Islamists in Benghazi. 

Read More

What We Know (and Don’t Know) About Saif Gaddafi’s ‘Release’ [Justice in Conflict]

External Article. Opens in a new Window.

11th Jul 16: Where in the world is Saif al-Islam Gaddafi? Rumours about his whereabouts and the circumstances he faces have been swirling for weeks. Saif, the former heir-apparent to his father’s rule over Libya, faces an indictment at the International Criminal Court (ICC) for inciting violence during the 2011 Libyan civil war. But he hasn’t been heard from in months. Until last week — well, sort of. 

Read More

Gaddafi’s son Saif al-Islam released from death row in Libya, says lawyer [Independent]

External Article. Opens in a new Window.

7th Jul 16:

The son of former Libyan dictator Muammar Gaddafi has been released from prison, according to his lawyer.  Saif al-Islam Gaddafi was sentenced to death last July for alleged war crimes during the Arab Spring revolution that overthrew his father in 2011.

Read More

Eid Mubarak to our Libyan members and all Muslim readers of our website

Inhouse Article. Commenting Enabled.

6th Jul 16: The Chairman and Directors of the Libyan British Business Council wish Eid Mubarak to our Libyan members and all Muslim readers of our website

Read More

In sign of progress, Libya's rival NOC oil companies agree to merge [Reuters]

External Article. Opens in a new Window.

4th Jul 16:

Read More

Libya PM says only united military can defeat IS [MailOnline]

External Article. Opens in a new Window.

27th Jun 16: The head of Libya's unity government said Sunday that only a united military bringing together all the country's armed factions would be able to defeat the Islamic State group.

Read More