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.

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

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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.

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

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19th Jan 17:

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

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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’’.

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

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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.

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

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

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

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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.

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

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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.

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

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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.

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

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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.

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

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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.

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

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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.

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

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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.

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

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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.

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

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

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Oil Settles Near $52 as Investors Eye Libyan Crude Output Return [Bloomberg]

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20th Dec 16: Oil settled near $52 a barrel as investors eyed the potential return of crude supply from Libya and awaited signs of output cuts in January after the deal among OPEC and non-OPEC nations to reduce a global glut.

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Ready for the Rebuilding of Libya [Times of Malta]

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16th Dec 16:

A seminar on Libya held in Malta last week degenerated into a heated exchange on the way forward, with Libyans in the panel and the audience clashing over the ability to make cross-border payments, salaries paid by the public sector, and restrictions on foreign investment.

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Pipeline leading to Libyan oil fields of Sharara and El Feel reopens [Reuters]

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15th Dec 16:

A military faction has reopened the valve on a pipeline leading to the major western Libyan oil fields of Sharara and El Feel after two years of blockades, a spokesman said on Thursday.

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EU to help Libya send migrants back home [EU Observer]

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14th Dec 16:

EU states aim to help Libya deport would-be migrants back home, and to keep open “all available options” on its response to Russia’s actions in Syria. The Libya plan was mentioned in draft conclusions for the EU summit to take place in Brussels on Thursday (15 December).

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As The Power Struggle Endures, Libya Eyes 900,000 Bpd Oil Output [OilPrice.com]

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13th Dec 16:

Libya will be increasing oil output by a third in the near future – bringing national production to 900,000 barrels per day, according to spokesperson Ashraf Ali of the Presidential Council of the Libyan Government of National Accord.

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Cancellation of Libya Dialogue meeting blasted by Sharif Al-Wafi [Libya Herald]

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11th Dec 16:

Sharif Al-Wafi, a member of the UN-mentored Libya Dialogue team has lashed out at UNSMIL’s decision to cancel its next meeting, planned to take place in Tunis this week. The new session was agreed when Dialogue members met at their inconclusive meeting in Malta last month.

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Libya mine-clearing to take weeks in ex-IS stronghold [enca.com]

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9th Dec 16:

MISRATA, Libya - Libyan forces said Friday they will need weeks to clear the multitude of mines planted by the defeated Islamic State group in its former stronghold of Sirte before residents can return.

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LIBYA: WHAT NEXT AFTER ISIL'S DEFEAT IN SIRTE? [Euronews.com]

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9th Dec 16:

This week ISIL lost Sirte, the group’s only foothold in Libya. Apart from a few pockets, the jihadists have been completely driven out of the coastal city.

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Hifter in Moscow: Russia’s shifting interests in Libya [Al Monitor]

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8th Dec 16:

The image of Libyan Gen. Khalifa Hifter sporting a Russian ushanka hat as he left the building of the Russian Foreign Ministry on his recent visit to Moscow invokes memories of Cold War era revolutionaries from the Middle East flocking to Moscow in search of political support and military aid. It was Hifter’s second trip to Russia this year, the kind of intensity of visits not every leader in the Middle East would dare to demonstrate today.

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Libya business networking forum cautiously optimistic [Libya Herald]

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7th Dec 16:

The inaugural Mediterranean Business Networking Forum 2016 came to a successful conclusion here in Malta yesterday with delegates going away with cautious optimism.

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Isis loses control of Libyan city of Sirte [The Guardian]

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6th Dec 16: The drawn-out capture of Sirte, the last major Islamic State (Isis) stronghold in Libya, has been completed after months of fighting and a stubborn resistance by snipers.

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Malta hosts Libya business event [Libya Herald]

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5th Dec 16:

The Libya-Africa Investment Portfolio (LAIP/LAP) in collaboration with the Libyan-Maltese Chamber of Commerce and the LBBC is organising and hosting a Libya business event: The Mediterranean Business Network Forum 2016 in Malta on 5 December.

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Army launches major attack in Benghazi [Libya Herald]

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1st Dec 16: The army has this morning launched a major assault on the Ganfouda terrorist enclave in Benghazi. At least 20 tanks are reported to have been attacking from the west while LNA forces appear to be pressing forward all around the perimeter while naval vessels bombard from offshore.

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Cash-strapped Libya must sit out OPEC cuts says NOC’s Sanalla [Libya Herald]

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28th Nov 16: Libya’s economic woes mean that it cannot afford to be part of OPEC production cutbacks, National Oil Corporation boss Mustafa Sanalla has warned.  It would have to opt out of any cuts  for the foreseeable future.

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UK government rejects MPs' criticism of Libya intervention [Middle East Eye]

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28th Nov 16: The British government on Friday rejected parliamentary criticism of its 2011 intervention in Libya, arguing its involvement saved civilian lives and claiming the Islamic State (IS) group has been weakened in the country. 

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Libya is under pressure to devalue its currency

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25th Nov 16: The dinar has been steadily weakening on the black market over the past year as the nation’s political rifts thwarted a recovery in oil output. It hit a record low of 7 to the dollar this week.

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