Tripoli based Libyan Prime Minister Abd Alhamid Aldabaiba received a high-level delegation from the British company Shell on today. The meeting was held within the framework of the government’s plan to increase oil and gas production rates and enhance international investor confidence in the Libyan energy sector. Activating January’s MoU, expediting Shells return to LibyaThe meeting addressed mechanisms for developing the Memorandum of Understanding signed between the NOC and Shell last January. Discussions focused on activating and implementing the agreement to expedite Shell’s return to the Libyan market and support exploration and development programmes, as well as improving the efficiency of existing fields. Clear vision for increasing production with international partnersDuring the meeting, Aldabaiba affirmed the government’s commitment to implementing a clear vision for increasing production and achieving its stated targets.

The Director General of the Economic and Social Development Fund, Yaseen Al-Abyad, said on Sunday that the fund is planning to establish a new bank as part of a strategic direction aimed at diversifying investment instruments, expanding its financial activity base, and strengthening the fund’s developmental role in supporting the national economy and stimulating productive projects. The remarks came during a meeting between Prime Minister Abdul Hamid Dbeibah and Al-Abyad, who reviewed the fund’s upcoming development and modernization plan. The fund was established in 2006 and operates under the Government of National Unity. It aims to invest funds allocated to beneficiaries under the Wealth Distribution Program and investment portfolios. The fund is also a founding partner in First Gulf Bank, holding 50% of the company’s capital.

Prime Minister, Abdul Hamid Dbeibah, has been briefed on the outcomes of the latest African Union summit held in Addis Ababa. Acting Foreign Minister Taher Al-Baour updated Dbeibah on recommendations and decisions adopted during the summit and the 48th session of the bloc’s Executive Council. The meeting also reviewed efforts to enhance Libya’s engagement in regional and international forums, with officials saying this would strengthen the country’s role within the African Union and support its national interests.

The head of the Presidential Council (PC), Mohamed Menfi, has reiterated his rejection of any violation of Arab states’ sovereignty during a phone call with Tamim bin Hamad Al Thani, Emir of Qatar. According to a statement, Menfi expressed Libya’s “full solidarity” — both leadership and people — with Qatar, warning that threats to the sovereignty and security of Arab states could have serious consequences for regional stability and further escalate tensions. He called for increased regional and international efforts to contain the crisis, stressing the need to prioritise dialogue and political and diplomatic solutions.

Tripoli – The Chairman of the National Oil Corporation (NOC), Engineer Masoud Suleiman, affirmed the corporation’s progress. It is implementing its plan to increase production rates. In a related context, Arabian Gulf Oil Company (AGOCO) resumed production. Sirte Oil Company achieved it. This indicates developing national technical capabilities.

Like Iran, US Had Led Regime Change In Iraq & Libya Too: Did It Prove To Be Their ‘Greatest Chance’? Curated By :News18.comLast Updated: March 02, 2026, 19:58 ISTUS-Israel-Iran war: What happened in Iraq and Libya after the US ensured a regime change there by toppling Saddam Hussein and Muammar Gaddafi, respectively? What happened in Iraq and Libya after the US ensured a regime change there? In both Iraq and Libya, the US-led regime change achieved the immediate tactical goal of removing long-standing dictators but failed to deliver the intended long-term stability, democracy, or economic prosperity. With Agency inputsNews18 Newsletter Handpicked stories, in your inbox A newsletter with the best of our journalism submitFirst Published: March 02, 2026, 16:30 ISTNews explainers Like Iran, US Had Led Regime Change In Iraq & Libya Too: Did It Prove To Be Their ‘Greatest Chance’?

The Libyan Commando Battalion 123 (Cdo) of the Tariq Bin Ziyad Brigade conducted advanced live-fire exercises, assaulting closed targets and buildings and carrying out tactical maneuvers in various operational environments. The activities were conducted under the supervision of the Deputy Commander-in-Chief of the Armed Forces, Saddam HaftarThe Tariq Bin Ziyad Brigade is one of the most structured units of the Libyan National Army (LNA), led by Field Marshal Khalifa Haftar, with a strong presence in Cyrenaica and the South. The training comes amid rising tensions in Fezzan and renewed attacks against LNA forces. In response, the LNA reportedly conducted airstrikes against positions attributed to the same militia, as reported by the press office of Haftar's forces. Read also other news on Nova NewsClick here and receive updates on WhatsAppFollow us on the social channels of Nova News on Twitter, LinkedIn, Instagram, Telegram

The United States and Israel are looking at regime change and trying to weaken Iran to the point where it cannot create insecurity for Israel. However, I do not think this will result in regime change in the way international media is portraying it. Iran maintains it signed the NPT and does not want nuclear weapons but insists on its right to civil nuclear energy. But Iran does not have a real strategic partner. China does not want to antagonise the US.

Editorial: Middle East on the boilA key risk arising from the current political vacuum in Iran is that the militant Islamic Revolutionary Guards Corps may take overBy Telangana Today Published Date - 2 March 2026, 01:12 AMAn already volatile Middle East region has waded into an uncharted territory of utter chaos and political vacuum following a joint blitzkrieg by the United States and Israel targeting Iran. The sudden escalation of the conflict means that the recent nuclear diplomacy, brokered by Oman and Switzerland, has totally collapsed. It was an act of recklessness on the part of Trump to make an appeal to Iranians to “take back their country”. A key risk arising from the current political vacuum in Iran is that the militant Islamic Revolutionary Guards Corps may take over. The Middle East region has a turbulent history of periods of political instability, becoming a breeding ground for terrorism.

Increased economic pressure had the potential over time to precipitate regime change. In the case of Iran, though, Trump has called for regime change – but without preparing the ground for it. This is the lesson of Germany and Japan after World War II, and Panama, Iraq, and Afghanistan more recently. Here the parallel is to the 2003 Iraq War, another preventive war of choice in the region that cost the US enormously. He may also have been tempted to achieve something historic in Iran – regime change – that eluded his predecessors.

QNADoha, Qatar: The Amir, HH Sheikh Tamim bin Hamad Al-Thani, received Sunday a telephone call today from the Chairman of the Presidential Council of the State of Libya, HE Dr. Mohamed Al Menfi. At the beginning of the call, HE Dr. Mohamed Al-Manfi inquired about the situation in the State of Qatar following the blatant Iranian attacks, expressing Libya's full solidarity and support for the State of Qatar. He affirmed Libya's support for Qatar and its backing of all measures taken to safeguard its sovereignty, security, and stability. For his part, HH the Amir expressed his gratitude and appreciation to HE Dr. Mohamed Al-Manfi for his expression of solidarity and support, praising the deep fraternal relations that bind the two brotherly countries.

“Military strikes aim to end the destructive game of a weakened regime. Merz called on Tehran to immediately stop indiscriminate attacks and said it remains uncertain whether outside military strikes can bring about internal political change. Working on an agreement that would permanently end Iran’s military nuclear and ballistic missile program. Smoke rises over the city center after an explosion in Tehran, Iran on February 28, 2026. (AA Photo)Background of attacksIsrael and the U.S. launched military strikes on Iran on Feb. 28 while negotiations between Tehran and Washington were ongoing.

A source at the Central Bank of Libya (CBL) announced the arrival of a second cash shipment on Saturday to the bank’s vaults in Tripoli, supplied from abroad following the arrival of an earlier shipment, bringing the total value of the two consignments to one billion Libyan dinars. According to the source, the shipments aim to support cash liquidity in local markets and ensure that citizens’ needs are met. The CBL also confirmed that the shipments were handled in accordance with approved security and banking procedures, with continued monitoring of money flows to safeguard financial stability.

The Libyan Investment Authority (LIA) announce last Tuesday (26 February) the 2025 financial performance results for its direct investment portfolio. It reported that the market value of directly managed financial assets reached US$ 41.7 billion. LIA’s three diversified portfoliosThe LIA’s financial investment portfolio comprises three diversified portfolios: a time deposit portfolio valued at US$ 24.9 billion, an equity portfolio valued at US$ 12.9 billion, and an investment fund portfolio valued at US$ 3.8 billion. LIA holds uninvested cash balances of US$ 9.1 billionThe LIA said it also holds uninvested cash balances of US$ 9.1 billion. Other LIA subsidiary assets valued at US$ 28.2 billionThe LIA pointed out that the aforementioned figures refer only to the LIA’s direct financial investments.

The Hafter controlled National Development Agency (NDA) announced last Thursday (26 February) that preparation and establishment work has begun on the Rose Palace Hotel project in Sebha, opposite the airport. It said this integrated hotel project, owned by the NDA, is one of its most prominent investments, being implemented by the Turkish construction company Nova Global. It said this initiative aims to enhance the city’s service infrastructure and support economic and tourism activity. The project includes a fully equipped hotel building with suites, reception areas, meeting rooms, service kitchens, and administrative offices, in addition to a complete electromechanical system (MEP) and landscaping, all in accordance with modern hospitality standards. The project represents an important step towards providing modern hotel facilities that meet the city’s needs and keep pace with its rapid development, the NDA said.