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.

Libya's eastern authority bans women travelling solo [BBC]

External Article. Opens in a new Window.

21st Feb 17: Military officials controlling eastern Libya have banned women under 60 from travelling abroad on their own.

Read More

Convoy with head of Libyan U.N.-backed government shot at, no-one hurt [Reuters]

External Article. Opens in a new Window.

20th Feb 17: A convoy carrying the prime minister of Libya's U.N.-backed government and the two leaders of an allied parliament and presidential guard came under fire in Tripoli on Monday, but none of the three men were harmed, officials said.

Read More

Libya Requests NATO Help to Rebuild Security Institutions [US News]

External Article. Opens in a new Window.

16th Feb 17: NATO's chief says he has received a formal request from conflict-torn Libya to help strengthen its security institutions and that the alliance is looking into exactly what can be done.

Read More

Egypt brokers Libya peace roadmap, but key figures fail to meet [Reuters]

External Article. Opens in a new Window.

16th Feb 17: Libyan factions have tentatively agreed on an Egyptian-brokered road map to heal divisions, Egypt said, though the failure to engineer a meeting between two key figures has cast a shadow on the diplomatic push.

Read More

Libya Crude Output Rises as Work Conditions for Big Oil Improve [Bloomberg]

External Article. Opens in a new Window.

15th Feb 17: Libya’s crude production exceeded 700,000 barrels a day and is due to keep rising as working conditions in the conflict-ridden country improve for international companies like Eni SpA and Total SA, an official from the state oil company said.

Read More

Libya rivals in Cairo to discuss political settlement [News 24]

External Article. Opens in a new Window.

14th Feb 17: Cairo - The head of Libya's UN-brokered government and the country's most powerful army commander, who is allied with rival authorities, are expected to meet to discuss a political settlement.

Read More

U.N. chief says Fayyad "right man" to be Libya envoy despite U.S. objection [Reuters]

External Article. Opens in a new Window.

13th Feb 17: U.N. Secretary-General Antonio Guterres said on Monday he believed former Palestinian prime minister Salam Fayyad was the "right person" to be the world body's envoy to Libya after the United States raised objections to the choice.

Read More

Prioritizing Libya’s Stability: EU Stresses Political Settlement Over Military Solution [euBulletin]

External Article. Opens in a new Window.

7th Feb 17: For the European Union, efforts to stabilize Libya are now more important than ever – such is the main conclusion of yesterday’s (6 February) Council conclusions.

Read More

Trading giant Glencore extends major Libyan oil deal: sources [Reuters]

External Article. Opens in a new Window.

6th Feb 17: Swiss-based commodities giant Glencore has extended a deal with Libya's state oil firm to be the sole marketer of one third of the country's current crude oil production, sources familiar with the matter said.

Read More

Migrant crisis: EU summit seeks action plan with Libya [BBC]

External Article. Opens in a new Window.

3rd Feb 17: European Union leaders are meeting in Malta to discuss how to stem the influx of migrants from North Africa.

Read More

LBBC calls for dedicated British Trade Envoy to Libya [Libya Business News]

External Article. Opens in a new Window.

1st Feb 17: Sir Vincent Fean (pictured on right), Chairman of the Libyan British Business Council (LBBC), has called for the creation of a dedicated Trade Envoy to Libya.

Read More

Eastern Libya forces fly wounded to Russia in growing cooperation [Reuters]

External Article. Opens in a new Window.

1st Feb 17: Around 70 soldiers from the forces of powerful Libyan commander Khalifa Haftar have been sent to Russia for treatment, in one of the first overt signs of cooperation between Moscow and one of Libya's armed factions, an official and a military source said.

Read More

Libya Oil Output On The Rise, Highest Since 2014 [Forbes]

External Article. Opens in a new Window.

31st Jan 17: After a series of setbacks and missteps, Libya is reportedly on track to continue its increased oil production in 2017, with output now sitting at the highest levels seen since 2014.

Read More

Presidential executive order on inbound migration to US [FCO]

External Article. Opens in a new Window.

30th Jan 17: Foreign Office statement on what the Presidential executive order on inbound migration to US means to British nationals and dual nationals.

Read More

LBBC criticism of President Trump’s Executive Order on immigration [LBBC]

External Article. Opens in a new Window.

29th Jan 17:

Donald Trump is making many deplorable mistakes. The Libyan British Business Council condemns this truly grave error, disrupting the lives of so many innocents.

Read More

Western Libya safe for foreign firm says Maetig [Libya Herald]

External Article. Opens in a new Window.

28th Jan 17: Potential investors were assured today by Presidency Council deputy chairman Ahmed Maetig that western Libya was safe and ready for rebuilding.

Read More

Libyan Forum for Investment and Reconstruction kick-starts in London [Libya Observer]

External Article. Opens in a new Window.

26th Jan 17:

The Libyan Forum for Investment and Reconstruction convened this morning in London in the presence of the members of the UN-proposed government’s Presidential Council (PC), Ahmed Mitig, the Chairman of the National Oil Corporation (NOC), Mustafa Sanallah, and a number of managers for Libyan businesses, reported the PC’s Communication and Media Administration.

Read More

Libya calls for west to invest in oil industry to help 'unify' the country [Guardian]

External Article. Opens in a new Window.

26th Jan 17: The international community has lost moral authority in Libya and can best help the country by acting to end oil smuggling and providing investment to boost production, the chairman of the Libyan National Oil Corporation, Mustafa Sanalla, has said. 

Read More

US bombing in Libya was linked to Berlin truck attack [CNN]

External Article. Opens in a new Window.

24th Jan 17: Intelligence indicating the possible presence of terrorists linked to the Berlin truck attack contributed to the decision to strike Libyan camps 28 miles southwest of Sirte last week, a US official and a source close to Libyan intelligence told CNN.

Read More

U.S. bombers hit Islamic State militants in Libya - U.S. defence officials [Reuters]

External Article. Opens in a new Window.

19th Jan 17:

Read More

CBL to release $750 M LCs for January imports pending 2017 budget approval [Libya Herald]

External Article. Opens in a new Window.

16th Jan 17: The Tripoli-based Central Bank of Libya (CBL) is to release US$ 750 million in the form of Letters of Credit (LCs) to cover imports for the month of January – pending the approval of the 2017 ‘‘budget’’.

Read More

Power returns gradually after total blackout to most Libya [Libya Herald]

External Article. Opens in a new Window.

16th Jan 17: Electricity supply began to return gradually to parts of Libya in the early hours of this morning after a total blackout hit all the western, southern and most of the eastern region yesterday.

Read More

Libyan-Libyan only Political Dialogue Committee to meet in Tunis next week [Libya Herald]

External Article. Opens in a new Window.

13th Jan 17: The Libya Political Dialogue committee is set to meet in Tunis next week having failed to meet in Ghadames last Wednesday.

Read More

Italy Reopens Embassy in Libya With an Eye to Migrants, Russia [ voanews.com]

External Article. Opens in a new Window.

13th Jan 17: Italy reopened its embassy in the Libyan capital of Tripoli this week, the first Western country to do so since 2015, when a worsening conflict between rival factions allowed Libya to become the major gateway for migrants to Italy.

Read More

Request for quotation: UNICEF and Ministry of Education – rehabilitation of six schools in Benghazi [Libyaninvestment.com]

External Article. Opens in a new Window.

10th Jan 17: The United Nations Children Fund (UNICEF) and Ministry of Education (MoE) invite sealed proposals from eligible Construction Companies for rehabilitation of six schools.

Read More

PFG Western division Nasr brigade withdraws from Zawia refinery after Sanalla public accusation of fuel smuggling collusion [Libya Herald]

External Article. Opens in a new Window.

5th Jan 17: The Nasr brigade of the Western Petroleum Facilities Guard (PFG) is no longer involved in the security of the Zawia refinery, the National Oil Corporation (NOC) confirmed today.

Read More

Libyan Oil Port Said to Re-Open as OPEC Nation Boosts Output [Bloomberg]

External Article. Opens in a new Window.

5th Jan 17: Libya is re-opening its last major oil-export terminal and producing at the highest level in more than two years as the war-torn country benefits from an exemption from OPEC output cuts.

Read More

Egypt taking all routes to end Libyan crisis: Foreign Ministry spokesman [Ahram Online]

External Article. Opens in a new Window.

4th Jan 17:

Egypt is committed to establishing peace in Libya, whether through trilateral talks with Tunisia and Algeria, or in direct dialogue with Libya, its neighbouring countries, the United Nations, the African Union or the Arab League, Egypt’s foreign affairs ministry spokesman Ahmed Abu Zeid said, Wednesday.

Read More

Deputy leader of Libya's U.N.-backed government resigns [Reuters]

External Article. Opens in a new Window.

3rd Jan 17: A deputy leader of Libya's Government of National Accord (GNA) announced his resignation on Monday, saying the U.N.-backed administration had failed to tackle urgent problems arising from years of conflict and political disarray.

Read More

Libya oil production rises to 685,000 bpd: National Oil Corp [Hellenic Shipping News]

External Article. Opens in a new Window.

2nd Jan 17: Libya was producing 685,000 barrels of oil per day (bpd) on Sunday, up from roughly 600,000 a day last month, an official from the National Oil Corporation (NOC) said.

Read More

Libya's UN-backed government, central bank to cooperate in 2017 [Euronews]

External Article. Opens in a new Window.

31st Dec 16: Libya’s Government of National Accord (GNA) and central bank in Tripoli say they have agreed to work together to tackle urgent economic problems in 2017, creating a potential lifeline for the U.N.-backed GNA.

Read More

Libya Malta hijack: Hijackers arrested as drama ends peacefully [BBC News]

External Article. Opens in a new Window.

24th Dec 16: The hijacking of a Libyan plane has ended peacefully after the men who seized control surrendered in Malta.

Read More