Arab leaders to meet in Jordan for annual summit

SWEIMEH: Arab leaders are set to meet in Jordan on Wednesday for their annual summit with no expected breakthrough on resolving conflicts or “terrorism” in the region. “I think this summit won’t be any different from the previous Arab summits,” said Oraib al-Rantawi, head of the Al-Quds Centre for Political Studies. Arab League chief Ahmed Abul Gheit on Monday called on Arab leaders to play “a more active role” in finding a solution to the war, describing it as “the worst crisis in the region’s recent history”. On Tuesday, Guterres called on Arab leaders to set aside their differences to confront Syria s war, which is estimated to have killed more than 320,00 people and displaced millions. Arab leaders will discuss Libya, where a UN-backed unity government has struggled to assert its authority, and the decades-old Israeli-Palestinian conflict.

March 29, 2017 03:22 UTC

Tripoli security department spells out details of hit-and-miss shooting outside Commercial Bank

The Tripoli Security Department has issued a statement confirming that an outlaw armed group carried out a random shooting on Tuesday morning at the National Commercial Bank, Sooq Al-Thulatae, Tripoli. "One security guard was killed and three others were injured due to the haphazard shooting, besides the abduction of three other security guards who were at the bank." The statement says.

March 28, 2017 20:03 UTC

Oil Prices Hit One Week High

Oil prices settled at a roughly one-week high Tuesday, buoyed by disruptions to Libyan crude production and talk of a six-month extension to an OPEC-led pact to limit global output. “Libya oil production is proving to be a lot less reliable, and that makes an extension of OPEC production cuts look more bullish,” said Phil Flynn, senior market analyst at Price Futures Group. “They thought that Libya production would fill the OPEC void. But the news follow reports last week that Libya planned to raise its output to 800,000 barrels a day by April, from current production of 700,000 barrels a day. “Lower oil prices are going to force OPEC into a decision to extend their production cuts for another six months,” speculated Andy Lipow, president of energy consulting firm Lipow Oil Associates.

March 28, 2017 19:18 UTC

Justice Ministry releases 14 Gaddafi regime prisoners

The media office of the UN-proposed government's Justice Ministry confirmed the release of 14 prisoners from Hadba Prison in Tripoli. The release took place on Tuesday morning after all the legal procedures were completed, the media office added.

March 28, 2017 18:44 UTC

Rebuilding The Arch: Breaking Libya For The Best

After all, Tripolitania has a population that is double that of eastern Libya. Military governors were installed in most regions in eastern Libya and some elected officials were removed from local councils. Friday sermons became tightly censored and travel outside eastern Libya required permission from security agencies, all reminiscent of Qaddafi’s oppressive 42-year rule of Libya. Sectionalism and inequality were codified in the pro-Cyrenaica version, including enshrining the one-man, four-vote benefiting those in eastern tribal regions. Given the power of the tribes in Cyrenaica, there is significant risk that this would happen if eastern Libya suddenly found itself independent.

March 28, 2017 18:33 UTC



Oil prices rise with Libya disruption but upside capped

Prices for front-month Brent crude futures <LCOc1>, the international benchmark for oil, gained 36 cents to $51.11 per barrel by 1105 GMT. [nL5N1H51VN] The contracts also rose after Iranian Oil Minister Bijan Zanganeh said the global oil cut agreement between the Organization of Petroleum Exporting Countries and other major producers was likely to be extended. Rising stocks at Cushing tend to depress the U.S. benchmark price, widening its discount to Brent <CL-LCO1=R>, which in turn makes U.S. crude oil attractive to importers. Analysts polled by Reuters expect that nationwide crude oil stocks rose by 1.2 million barrels to a fresh record [nL2N1H4136] [EIA/S]. [nL3N1GU1GS] [nL2N1H411J] (Additional reporting by Henning Gloystein in Singapore; Editing by Keith Weir and Susan Thomas) ((sabina.zawadzki@thomsonreuters.com; +44 207 542 4051;)) Keywords: GLOBAL OIL/ (UPDATE 4)

March 28, 2017 11:15 UTC

Holding the fort…

One western group responded by seizing premises in Tripoli and trying to restore executive powers to Khalifa Al-Ghwell, the former prime minister. For the country’s two state-owned carriers, Libyan Airlines and Afriqiyah Airways, survival comes at a cost. With few Libyans splashing out on air travel, and still fewer foreigners willing to visit the country, Afriqiyah is now deploying just six of the 16 aircraft under its ownership. It’s no easier,” chairman Abubaker Elfortia told me during the annual meeting of the Arab Air Carriers’ Organisation (AACO) in Casablanca in November. Elfortia insisted that Afriqiyah is welcomed in all corners of the country, irrespective of tribal allegiances.

March 28, 2017 09:11 UTC

Libya: The Last Attempt At Unity Govt

Libya: The Last Attempt At Unity GovtSince the fall of Muammar Gaddafi on 17 February, 2011, Libya, the tiny North African country has never been the same, with different factions and warlords laying claims to territories in the country. There has been international pressure on Libya to form national unity government as Daesh terror group expands at the doorstep of Europe and the rest of Africa. The UN-led efforts to form a National Unity government has so far failed in its efforts to reconcile differences between the governments, which are based in Tripoli. King Idris served first as the Emir of Cyrenaica and later political and religious leader served as Libya’s political and religious King of Libya from 1951 to 1969. Despite this political deadlock, Libya has boosted its oil production to over 700 000 barrels a day, providing the state with much-needed revenue.

March 28, 2017 06:11 UTC

Oil jumps on Libyan disruption, OPEC deal extension hopes

REUTERS/Sergei Karpukhin/File PhotoNEW YORK Oil prices rose as much as 2 percent on Tuesday after a severe disruption to Libyan oil supplies and as officials suggested OPEC and other producing countries could extend an output cuts deal to the end of the year. West Texas Intermediate (WTI) crude CLc1 ended the session 64 cents, or 1.34 percent higher at$48.37 a barrel. Major oil traders gathered in Switzerland this week said they expected the output cuts to be extended, providing Russia complies. Still, resurgent U.S. oil production and record domestic crude inventories have kept pressuring oil prices. Analysts polled by Reuters predicted that data will show U.S. crude oil stocks rose 1.2 million barrels in the latest week.

March 28, 2017 01:36 UTC

Presidential Council scraps oil ministry, shares its authorities with NOC

The UN-proposed government's Presidential Council (PC) has issued a new order that divides the authorities and specialties of the Oil and Gas Ministry between the Prime Ministry and the National Oil Corporation (NOC). The PC will also be responsible for contracting as well as issuing investment licenses and issuing or canceling contracts to extract oil, let alone pricing crude oil and gas. It will also suggest giving or taking away investment licenses, and specifying the daily oil and gas production in the country." The order strips Mustafa Sanallah of the authorities of the Minister of Oil, which he has been practicing since the deputy minister Omar Al-Shakmak resigned in 2014. Meanwhile, when Fayez Al-Sirraj was appointed a PM for the UN-proposed government, he did not appoint a minister for the oil and gas ministry.

March 27, 2017 20:37 UTC

Gunono: IS militants have secret movement in southern Sirte

The spokesman of the air emergency operations room, Mohammed Gunono, said the statement of the US Africa Command commander Gen. Thomas Waldhauser, who stated that IS terrorists are trying to regroup its forces in southern Sirte and that they are not fully eradicated, are relatively true as the air emergency operations room as well as Libyan air force are still working around the clock to get their jobs done. He also said that after liberating Sirte they were tasked with fighting off the remnants of the terror groups that are still on the run, adding that they covered the central region from western Sirte to eastern Al-Khums city and from Sirte coast to Al-Jufra southward.

March 27, 2017 20:03 UTC

‘Lone wolves’ are EU’s biggest security challenge, EU Commissioner warns

The implementation plan is about building capacity for the Libyan coastguard, improving conditions for migrants in the centres there and helping those who wish to return to their countries through assisted voluntary return.“[The plan] is about fighting criminal gangs and helping communities to develop, so that the people have alternative means of income rather than resorting to smuggling. It is also about taking a regional approach to avoid routes shifting and support regional cooperation,” Abela told a media conference.“Of course, there are difficulties and much will also depend on the situation in Libya. We are not being naïve. But in the meantime, we will do what we can. Italy and Greece need continued assistance,” Abela said, arguing that respecting the commitments was not just in terms of legal obligations but also in terms of ensuring that responsibility is fairly shared.The minister once again called for a more effective returns policy.

March 27, 2017 17:37 UTC

Eastern government-staffed Libyan embassy in Jordan boycotts Arab Summit

Libyan embassy in Jordan boycotted the Arab Summit meetings and declined to give logistic aids for the UN-proposed government's Presidential Council delegation that arrived there to attend the meetings, local media reported. They added that the boycotting action came to send a message implying that the PC is a "usurper of power". The Libyan embassy in Jordan is run by eastern government's officials.

March 27, 2017 14:15 UTC

News Roundup - Mon, Mar 27, 2017

The UN-proposed government's Presidential Council (PC) has issued a new order that divides the authorities and specialties of the Oil and Gas Ministry between the Prime Ministry and the National Oil Corporation (NOC). ----------------------------------------------------------The spokesman of the air emergency operations room, Mohammed Gunono, said the statement of the US Africa Command commander Gen. Thomas Waldhauser, who stated that IS terrorists are trying to regroup its forces in southern Sirte and that they are not fully eradicated, are relatively true as the air emergency operations room as well as Libyan air force are still working around the clock to get their jobs done. ----------------------------------------------------------UN-proposed government's Minister of Transportation, Milad Matoug, said they are working on reopening all of Libya's airports during 2017, adding that according tot he funding given by the Presidential Council, the ministry will concentrate on developing the airports infrastructure and the roads that connect cities within Libya. -----------------------------------------------------------The joint operations room in Zaltan intercepted 3 tracks coming from Jamil and Ragdaline towns loaded with 5000 liters of smuggled fuel after a tipoff by the phone informed them that the trucks were dubiously loaded with much fuel. It added that the truck drivers are frequent smugglers that smuggle Libyan fuel to Tunisia.

March 27, 2017 14:15 UTC

Manufacturing companies eye Algeria following unrest in Libya

A TradeMalta study has shown that Malta-based manufacturing companies showed an increased interest in Algeria following the collapse of the security situation in LibyaMaltese manufacturing companies are increasingly showing interest in Algeria following the collapse of the security situation in Libya, a study by TradeMalta has shown.The TradeMalta study, aimed at providing insights into the profile of internationally oriented companies in the non-food manufacturing sector, indicated that Malta-based manufacturers focus on near markets, primarily in Europe, but are also seeking to develop new markets, especially in the Middle East and North Africa.However, following the ongoing unrest in Libya, the study found an increased interest in Algeria, another oil-based economy close to Malta.The study, which covered a large variety of subsectors, also revealed that the cost of shipping and freight was listed as the most important barrier to export, followed by challenges in finding customers and agents.Furthermore, more than 85% of the study’s respondents claimed to have an export share of either below 20% or above 80%, meaning they were either small or large exporters. However, the study concluded that there is a fairly even distribution of smaller and larger companies represented among the exporting manufacturers in Malta.With regard to access to finance, the most pressing issue was problems for clients in opening letters of credit. This was especially problematic for the experienced exporters with a large export share, according to the study.While all respondents were keen to receive financial assistance to all export related activities, the results showed that attending and exhibiting in trade fairs is the activity for which manufacturing companies are most keen to obtain financial assistance. This was followed by assistance to travel to foreign markets.

March 27, 2017 11:26 UTC




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