CAIRO - 28 June 2022: President of the Arab Republic of Egypt, Abdel Fatah El-Sisi, and the Sultan of Oman, Haitham bin Tariq, instructed studying the establishment of a joint investment fund between the two countries, concerned with investing in feasible projects in various vital sectors, and they affirm their determination to raise the pace of economic cooperation. A joint statement confirmed that the two leaders referred to the close cooperation and permanent coordination in the political, diplomatic, economic and cultural fields, and affirmed their continued support for everything that would serve the pillars of security, stability and peace in the region and the world. They directed all competent authorities to discuss investment opportunities between the two countries in various fields, including energy, renewable energy, industry, health and pharmaceutical industries. The two leaders stressed the importance of dialogue and peacefully addressing differences on various regional and international issues. The Egyptian President also invited his brother Sultan Haitham bin Tariq to visit the Arab Republic of Egypt, and the invitation was very welcomed.

NEW DELHI: The Indian rupee hit record lows against the US currency on Tuesday after higher oil prices raised concerns of sustained inflation, although intermittent dollar selling by the central bank helped limit losses. The Indian rupee dropped as much as 0.6 per cent to 78.775 versus the dollar, surpassing a previous all-time low of 78.39 hit last week. India imports more than two-thirds of its oil requirements, and higher crude prices add to the country’s trade and current account deficits (CAD) and hurt the rupee by pushing up imported inflation. Oil prices rallied for a third day as major producers Saudi Arabia and the United Arab Emirates looked unlikely to be able to boost output significantly, while political unrest in Libya and Ecuador added to supply concerns. The Indian currency and equities were pressured by worries that a rise in crude prices will exacerbate already high inflation.

Karmenu Fino, 83, has been reported to missing to the police. The man was last seen on Tuesday 28 June in the Ħal-Luqa area. Any information about Fino can be passed on to the Police force using the numbers 21224001 or 119 or by contacting the closest police station.

U.N. Advisor to Libya, Stephanie Williams, has urged leaders of the country’s House of Representatives and High Council of State to make “historic compromise” as they began their two-day talks on constitutional arrangements for elections. In a speech at the U.N. headquarters in Geneva, Williams thanked Aguila Saleh and Khaled Al-Mishri for accepting her invitation to this meeting, which came after UN-backed negotiations in Cairo between members of both chambers failed to resolve pending issues pertaining to the organization of national elections. “We are here today to discuss a final and equally important element which has remained outstanding during the talks in Cairo and which requires your leadership to reach consensus, the transitional measures: timelines, modalities and milestones to guarantee a clear path to the holding of national elections as soon possible, through joint work and a consensual outcome,” Williams said. “It is now the time to make a final and courageous effort to ensure that this historic compromise takes place, for the sake of Libya, the Libyan people and the credibility of its institutions,” concluded the U.N. diplomat.

The UN called for a “final and courageous effort” to break the deadlock over the rules for long-awaited elections in war-torn Libya, as talks between rival administrations began in Geneva. Parliament speaker Aguila Saleh and President of the High Council of State Khaled Al-Mishri are meeting at the UN’s Palais des Nations for two days of talks to discuss the draft constitutional framework for elections. Presidential and parliamentary elections, originally set for December last year, were meant to cap a UN-led peace process following the end of the last major round of violence in 2020. “Your presence here today is an example of responsible leadership,” the UN’s top Libya official Stephanie Williams said as she opened the talks. Read more:Libyan oil output collapses after wave of closuresRival Libya PM to set up government in Sirte after Tripoli clashesDivided UN extends Libya mission by three months

The cash funded Muatassim Gaddafi’s playboy lifestyle, with millions held in his various American Express and Visa credit card accounts. The three accounts at Bank of Valletta were held in the name of Capital Resources, a company owned by Gaddafi but whose name appeared as Muatasimbllah Muammar Abuminyar. The Libyan Attorney General had also accused Bank of Valletta of violating know-your-customer rules that should have prevented it from opening an account for Gaddafi in the first place. The Libyan Attorney General was represented by Shazoo Ghaznavi. “These funds were private funds, having nothing to do with the Libyan state.”Oikonomopoulos was assisted by lawyer Louis Cassar Pullicino.

Colonel Clinton O’Neill has been appointed brigadier and commander of the Armed Forces of Malta, the National Security Ministry said on Tuesday. O’Neill will replace former commander Jeffrey Curmi who retired and is now CEO at Transport Malta. The ministry also appointed Colonel Edric Zahra as deputy commander to replace Colonel Mark Mallia who was appointed to a new role at Identity Malta. Colonel Zahra joined the AFM in 1999 and over the past five years headed the AFM’s First Regiment. He has specialised training in ship boarding techniques and served as a platoon commander in C-Company.

Notwithstanding these differences, there are certain similarities, chief among them the leading role of the United States and NATO. Ian Martin, as U.N. Secretary-General Ban Ki-Moon’s chief advisor on Libya, had an insider’s view of the international intervention in Libya. Feltman was under no illusions that the talks would get anywhere, but the United States wanted to be sure it left no diplomatic stone unturned. Martin’s Lessons Apply to Ukraine TodayMartin had completed his book before Russia invaded Ukraine, but today’s policymakers should learn from the lessons he draws from the Libya intervention. Ukraine has a sovereign and functioning government, just as Kuwait did at the time of the invasion but unlike Libya in 2011.

South Korean construction and engineering giant, Daewoo E&C, made a presentation on Sunday today to the Emsaad to Ras Ejdair Motorway Authority (ERMA) at the ERMA’s Tripoli headquarters. Daewoo made a visual presentation to the specialists of the device attended by ERMA head, Ali Ogab, and the Director of the Technical Affairs Office and the heads of departments affiliated to it. During the presentation, Daewoo, reviewed its purposes and previous experience in the field of designs, construction and construction in the field of roads, and the projects that the company has implemented in Libya and around the world, especially highway-related projects.

GENEVA (Reuters) - The heads of Libya's two rival legislative chambers met in Geneva on Tuesday for negotiations aimed at restoring a U.N.-led election process that fell apart last December. Agreement on national elections would represent a big step towards stopping another bout of warfare and helping to end a decade of chaos and conflict since the NATO-backed ousting of Muammar Gaddafi in 2011. She added that the timeline and process to "guarantee a clear path to the holding of national elections as soon possible" would be discussed. However, analysts were more downbeat, seeing little prospect that could help avert renewed conflict or de facto partition. (Reporting by Emma Farge and Denis Balibouse in Geneva and Angus McDowall in Tunis; Editing by Raissa Kasolowsky)

Placeholder while article actions loadGENEVA — Two senior Libyan officials began two days of talks Tuesday on constitutional arrangements for elections, the latest U.N. effort to bridge gaps between the country’s rivals. According to the United Nations, the talks will focus on a draft constitutional framework for elections after Libya’s rival factions failed to reach an agreement in their last round of talks in the Egyptian capital of Cairo. The criteria for a presidential candidacy were a contentious point in the talks, according to Libyan media. There are growing tensions on the ground, and sporadic clashes between rival militias recently erupted in Tripoli. The country was then for years split between rival administrations in the east and west, each supported by different militias and foreign governments.

India at UN says priority is to ensure elections in LibyaInternationaloi-Vicky NanjappaUnited Nations, Jun 28: India has said it is regrettable that there is still no agreement on the Constitutional basis for holding elections in Libya, saying that the priority right now is to ensure that elections are held at the earliest in a free, fair, inclusive, and credible manner, news agency PTI reported. "We noted with a high degree of concern the reports of armed clashes and mobilisations of armed groups in and around Tripoli," Mr Madhu Sudan said. It has been about half a year since the missed milestone for holding elections as decided by Libyans themselves. India underlined that the priority right now is to ensure that elections are held at the earliest in a free, fair, inclusive, and credible manner. Mr Madhu Sudan further stressed the importance of planning for the disarmament, demobilisation and reintegration of armed groups and non-state armed actors.

The United Nations on Monday called on all Libyan political and security actors to “exercise maximum restraint” and “address all disputes through dialogue”, while affirming its “readiness to facilitate dialogue” between Libya’s two rival prime ministers, Abdul Hamid Dbeibeh and Fathi Bashagha. This was stated by U.N. Under-Secretary-General for Political and Peace-building Affairs, Rosemary DiCarlo, during her speech to the Security Council, in which she addressed the political and economic challenges facing the country. She also expressed “hope” that the upcoming meeting in Geneva between the heads of the House of Representative and High State Council “will result in a final agreement that would lead to elections at the earliest possible date.”On the economic front, DiCarlo pointed out that, since 16 April, shutdown of oil fields” has reduced Libyan oil exports by one third and cost the country 3.1 billion US dollars in lost revenue.”“In addition, the disagreement over the control and use of public funds that triggered the partial shutdown continues and could lead to further oil field closures in the near term,” added the U.N. diplomat. DiCarlo urged the council to extend the mandate of the Independent Fact-Finding Mission on Libya whose work is considered “essential to investigate and report on violations of international humanitarian law and human rights law”.

Get full access of report: https://www.persistencemarketresearch.com/checkout/33125Know More about Report InclusionsPersistence Market Research published a new market report on the Libya cosmetics market, covering industry analysis of 2017-2021 and forecasts for 2022 to 2032. It also addresses the restraints that are projected to hinder market growth, along with the latest trends and potential opportunities in the market. Other Trending Reports:About Persistence Market Research:Business intelligence is the foundation of every business model employed by Persistence Market Research. Thus, working on “micros” by Persistence Market Research helps companies overcome their “macro” business challenges. Persistence Market Research is always way ahead of its time.

(File photo: ANI)India has said it is regrettable that there is still no agreement on the Constitutional basis for holding elections in Libya, saying that the priority right now is to ensure that elections are held at the earliest in a free, fair, inclusive, and credible manner. “It is also regrettable that there is still no agreement on the Constitutional basis for holding elections,” he said adding that India notes that the Speaker of the House of Representatives Aguila Saleh and President of the High Council of State Khaled Al-Mishri is scheduled to meet at the UN Office at Geneva on 28-29 June to discuss the draft constitutional framework for holding elections. In this regard, we once again reiterate the importance of holding the Presidential and Parliamentary elections at the earliest. It has been about half a year since the missed milestone for holding elections as decided by Libyans themselves. It is important for the Security Council and the international community to support the Libyan people as they prepare for the elections.