Sixteen Libyan companies registered in the Libyan Export Promotion Centre’s (LEPC) Exporters Register are participating in the Libyan-Serbian Friendship Exhibition which runs from 18 to 23 July in the Serbian capital Belgrade. The event will highlight Libyan food products, mainly olive oil, honey, dates and fish. It is organized by the LEPC in cooperation with Space Company, sponsored by the Libyan Ministry of Economy and Trade and the General Authority for Exhibitions and supervised by the Libyan Embassy in Serbia.

July 18, 2023 19:57 UTC

Chairman of the Libyan High Council of State, Khaled al-Mishri, held talks on Tuesday with the Italian ambassador in Tripoli, Gianluca Alberini. During the talks, the two discussed bilateral relations and ways to strengthen economic cooperation, to the benefit of common interests, according to a statement by the council. Furthermore, the statement continues, Al-Mishri and Alberini spoke of “support for the intra-Libyan path for the holding of elections as soon as possible, as well as the external interference of countries whose agenda does not include the stability of Libya”.

July 18, 2023 18:09 UTC

Homeland Security Investigations (“HSI”) Assistant Special Agent-in-Charge Thomas Acocella. We continue to have ongoing investigations into stolen Libyan artifacts and look forward to more repatriation ceremonies in the future,” said District Attorney Bragg. During District Attorney Bragg’s tenure, the ATU has recovered nearly 850 antiquities stolen from 27 countries and valued at over $165 million. Since its creation, the ATU has recovered over 4,500 antiquities stolen from 30 countries and valued at nearly $390 million. Under District Attorney Bragg, the ATU has also repatriated more than 950 antiquities stolen from 19 countries and valued at more than $165 million.

July 18, 2023 18:06 UTC

Via WikipediaManhattan District Attorney decided to restitute two artifacts to Libya, which the British art dealer Robin Symes previously smuggled. Manhattan District Attorney Looks Forward More Repatriation CeremoniesThe Temple of Zeus, Cyrene. Via WikipediaAfter the theft, art dealer Symes acquired the antiquities in his individual acquisition. Via WikipediaSpeaking of art dealer Robin Symes, this is not the first case of theft in which he was involved. The district attorney’s office returned a Mesopotamian limestone elephant to Iraq in May.

July 18, 2023 13:33 UTC

CAIRO – 18 July 2023: Special Representative of the President of Russia for the Middle East Mikhail Bogdanov welcomed the outcomes of the Sudan Neighboring States Summit that was held in Cairo on July 13. Bogdanov commended the Egyptian efforts pertaining to the Sudanese crisis, expressing hope that Sudan would restore its peace and stability. In a similar context, the meeting included talks on preparations for the Russia-Africa Summit taking place in St. Petersburg on July 27-28. The Egyptian ambassador and the Special Representative of the President of Russia for the Middle East also tackled updates on Palestine and Libya among other regional affairs. Ambassador Nagary participated in June in a meeting with Ambassador Bogdanov, as well as the ambassadors of Jordan and Palestine, to confer over the situation in Palestinian territories.

July 18, 2023 11:14 UTC





Crude Oil, WTI, China GDP, Libya Production, RBOB Crack Spread, OVX – Talking PointsCrude oil is on the back foot going into Tuesday’s trading sessionChina’s growth prospects remain mired but hopes for stimulus persistLibya is set to add to oil production. The RBOB crack spread is the gauge of gasoline prices relative to crude oil prices and reflects the profit margin of refiners. The price action saw WTI crude fall back into the broad range of US$ 66.80 – US$ 77.33 that it has been in for 11 weeks. The OVX index measures volatility in the WTI oil price in a similar way that the VIX index gauges volatility on the S&P 500. Updated crude oil prices can be found here.

July 18, 2023 08:07 UTC

Oil prices moved lower on Monday, with WTI off 1.7% or $1.27/bbl to settle at $74.15/bbl. That took the price of WTI back to where it was a week ago. Also, crude prices were under downward pressure due to the restart of two oil fields in Libya that had been shut down last week by local protests. RBN’s early estimate for this week’s EIA storage report is an injection of +46 Bcf for the week ended 7/14. That compares to last year’s injection of +32 Bcf and the 5-year average is an injection of +36 Bcf for the same week.

July 18, 2023 04:41 UTC

Its aim was to boost sustainable development and foster environmental cooperation between the two countries, and the Palestinians. Israel and Jordan have also in recent years signed a declaration of intent for a joint water-for-energy project. She said the recent Abraham Accords agreements that normalized relations between Israel and several Arab states have helped with Israeli engagement and integration efforts in the Arab World. But she pointed out that Palestinians have not been represented in many of the regional environmental discussions. Israeli ambassador Gideon Behar, Israel’s special envoy for climate change and sustainability, highlighted during the session some examples of Israeli and Arab cooperation on issues relating to the environment and water.

July 17, 2023 23:12 UTC

The Manhattan District Attorney’s office announced Friday it had returned two antiquities worth $1.26 million to Libya that had previoulsy been smuggled and held by the British art dealer Robin Symes. Female Bust would have been part of an important funerary relief that decorated Cyrene’s ancient cemetery, known as a necropolis. Recently, archaeologists in Libya believe they have found what appears to be the torso of Female Bust still intact in its original tomb. “It is shameful that these beautiful pieces were stored away for decades by a convicted trafficker,” District Attorney Alvin Bragg said in a statement. In February, the DA’s office returned a marble head of the emperor Hadrian dating back to 200 CE.

July 17, 2023 21:19 UTC

Chinese growth underwhelmsLibya resumes production after brief outageKey technical support levels still belowOil prices pulled back from last week’s highs today, weighed down by the weaker Chinese figures and reports of some Libyan outages being restored. It also falls around the 100-day SMA which could be viewed as a bullish signal, despite the early week setback. That’s not to say a move below here would be a bearish move; it could prove to be of course but there are other potential support levels below. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. © 2023 OANDA Business Information & Services Inc.

July 17, 2023 20:46 UTC

From Kebili in Tunisia to Ethiopia’s Dallol, here are the 13 hottest places on the planet. Although some scientists debate the reliability of historic readings, Death Valley reportedly also topped 54.4°C in the summer of 2020, so there's little doubt that it's one of the hottest places on Earth. Dallol, EthiopiaThis town in northern Ethiopia has some of the world's highest average readings for an inhabited place. And at Wadi Halfa, a trade outpost along the Nile River, the hottest temperature ever registered was 53°C. Getty ImagesUninhabited and one of the hottest places on the planet, the Dasht-e Lut salt desert in Iran had a sweltering 70.7°C recording back in 2005.

July 17, 2023 20:38 UTC

Russia is pulling out of a year-old agreement that allowed Ukraine to export its grain to global markets, raising fears of rising prices and food shortages in developing nations. OZAN KOSE, AFP via Getty ImagesThe Kremlin has criticized the pact as unfair to exports of Russian food products. Why is Russia ending the Ukraine grain deal? Wheat production, demand keep growingWhere Russia, Ukraine sent wheat exports in 2020Nations in North Africa and the Middle East depend heavily on Russia and Ukraine for wheat. Those countries have also been hit by droughts and higher food prices and could experience political instability.

July 17, 2023 20:24 UTC

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July 17, 2023 19:30 UTC

(Bloomberg) -- Oil declined as disappointing Chinese economic data and a resumption of Libyan production undercut signs of a tightening market. Meanwhile, China’s economy expanded more slowly than expected in the second quarter, though apparent oil demand grew 14% last month from a year earlier. Crude remains lower this year as China’s lackluster recovery and the Federal Reserve’s rate hikes weigh on demand. Yet oil has rallied the last three weeks on signs the market is finally tightening, with OPEC+ heavyweights Saudi Arabia and Russia both reducing crude exports. Most Read from Bloomberg Businessweek©2023 Bloomberg L.P.

July 17, 2023 16:08 UTC

Border guards in Libya have rescued migrants abandoned in the desert by Tunisian authorities without food and water. Hundreds of migrants from sub-Saharan African countries were forcibly taken to desert and hostile areas bordering Libya and Algeria after racial unrest in early July in Sfax, Tunisia’s second-largest city. “The number of migrants keeps rising every day,” said Mohamad Abou Snenah of the border patrol unit, telling AFP they have rescued “50 to 70 migrants”. They are being expelled from Tunisia to Libya.” The video also shows a migrant rescued from the border area on Saturday, saying that “Tunisian police deported us to Libya”. Tunisian rights groups said on Friday that between 100 and 150 migrants, including women and children, were still stuck on the border with Libya.

July 17, 2023 14:32 UTC