The meeting followed a night of angry protests across the capital, where masked youths set car tyres alight and blocked roads. In both Tripoli and the main eastern city of Benghazi, the cradle of the 2011 uprising, thousands took to the streets to chants of "we want the lights to work". The government "didn't take the electricity crisis seriously", he said, adding that resolving it would take longer than expected. Planning minister Mohamed Zaidani said some $2.96 billion had been spent on the electricity sector since 2013. But voting never took place due to several contentious candidacies and deep disagreements over the polls' legal basis between the rival power centres in the east and west.
July 05, 2022 00:24 UTC
The European Naval Operation IRINI has revealed that Turkey refused to inspect its ships bound for the Libyan port of Misrata for the eighth time, according to the Italian Nova news agency. IRINI reiterated the UN Security Council's call to all UN members to cooperate with the inspections, expressing its regret over Turkey’s denial to inspect another ship, MV Parpali, in accordance with UN Security Council Resolution 2292 on the arms embargo on Libya.
July 04, 2022 21:55 UTC
The Chairperson of the African Union Commission, Moussa Faki, has expressed his full support for the demonstrations in Libya to end the crisis, describing it as a legitimate popular movement. In a statement on Sunday, Faki urged everyone to respect public and private property, welcoming the support of the Libyan parties to the African roadmap for national reconciliation, which he emphasized to be Libyan-administered.
July 04, 2022 21:55 UTC
Libyans angered by rising prices, chronic power cuts and political deadlock planned further demonstrations Monday after a night of angry protests across the capital. Public anger has been fuelled by power cuts that often last 18 hours amid soaring summer temperatures, despite Libya sitting on Africa’s largest oil reserves. On Friday night, protesters stormed the seat of the House of Representatives in the eastern city of Tobruk, ransacking its offices and torching part of the building. But voting never took place due to several contentious candidacies and deep disagreements over the polls’ legal basis between the rival power centres in east and west. Libya expert Jalel Harchaoui told AFP that “kleptocracy and systematic corruption” were rife in both eastern and western Libya.
July 04, 2022 21:51 UTC
Frustration at power cuts and myriad other failings of Libya's feuding factional leaders erupted into protests on Friday against political institutions on nearly all sides of the country's messy conflict. State electricity company GECOL is working with foreign contractors to bring three more power stations into operation this summer, but work has been slower than promised. Even outside a main GECOL building in central Tripoli, a big yellow generator stands to keep the office working during power cuts. With power cuts sometimes lasting more than 24 hours, often taking out internet access across whole districts, it comes to affect almost aspect of life. Since Friday's protests, Libya's rival factions have accused each other of ultimate responsibility for the crisis and promised to work to improve the situation.
July 04, 2022 20:38 UTC
Welcome to your five-minute recap of the trading day and how the experts saw it. The numbers: The Australian sharemarket closed higher after the Reserve Bank lifted interest rates by 50 basis points as expected on Tuesday afternoon. Woodside was among the big risers, jumping by 3.8 per cent. Investors will have their eyes locked on the RBA decision on Tuesday afternoon. Credit:Louie DouvisTech stocks also rose by 1.9 per cent, while other sectors were relatively unmoved, aside from real estate stocks which fell by 1.3 per cent.
July 04, 2022 19:23 UTC
Prime Minister Anthony Albanese, Japanese Prime Minister Fumio Kishida, NATO Secretary-General Jens Stoltenberg, New Zealand Prime Minister Jacinda Ardern and South Korean President Yoon Suk-yeol at the NATO summit in Madrid, Spain. NATO had been credible when the Soviet Union challenged Europe. The joke at the time that 250 million Americans protected 300 million Europeans against 280 million Soviet citizens underscored the importance of the US and the inability of the Europeans to protect their borders. With the collapse of the Soviet Union, NATO lost its raison d’etre, and understandably struggled to identify a meaningful role for itself. Adventures in conflicts like Libya only served to highlight NATO’s desperation for relevance and its military inadequacies.
July 04, 2022 19:00 UTC
Minister of Oil and Gas Mohamed Aoun says that he did not receive any production data since last April 3, as he accused the National Oil Corporation Chairman Mustafa Sanalla of withholding such critical information. According to Aoun, the PM addressed Sanalla three times, obliging him to send the reports to the relevant authorities, but he has not responded to date. He also touched upon the issue of gas prices and the possibility of reviewing Libya's contracts with Eni in line with the Algerian Sonatrach, which announced an update of its gas prices. According to Aoun, the contract between Libya and Eni provides for reviewing prices every three years and has a specific formula for calculating the price of gas. It may be worth noting that Minister Aoun had requested the PM to issue a decision regarding changing the board of directors of the National Oil Corporation.
July 04, 2022 15:48 UTC
Three bodies have been retrieved from a port in Zawiya city, the Libyan Red Crescent has confirmed. The team was called after reports concerning three bodies found in the Marsa Dela Port northwest of Zawiya. The organization said the victims, who included a Syrian and two Libyan children under the age of 15, were transferred to a morgue at the Zawiya Teaching Hospital. A video clip has been circulating online showing the moment the victims were picked up after drowning in the sea.
July 04, 2022 14:45 UTC
Siemens, one of the world’s leading industrial and infrastructure firms, partnered with artificial intelligence (AI) and graphics technology giant NVIDIA last week in a bid to build the industrial Metaverse. The new partnership aims to boost the deployment of AI-powered digital twins via Siemens’ Xcelerator tool with NVIDIA’s Omniverse 3D design platform, allowing the development of an industrial Metaverse using the former’s “physics-based digital models” and the latter’s real-time AI. Roland Busch, President and Chief Executive of Siemens AG, said in a statement,“Photorealistic, physics-based digital twins embedded in the industrial metaverse offer enormous potential to transform our economies and industries by providing a virtual world where people can interact and collaborate to solve real-world problems. Jensen Huang, Chief Executive and Founder of NVIDIA, added the joint venture would allow both enterprises to realise their “common vision” of building the industrial metaverse to drive the global sector’s digital transformation. NVIDIA’s solution aims to facilitate content creation for XR firms with its digital creation platform by streamlining digitisation processes and building real-time 3D (RT3D) assets.
July 04, 2022 11:48 UTC
Short-Term OutlookTrader reaction to a minor pivot at $109.06 is likely to determine the direction of the August WTI crude oil market early Monday. Bullish ScenarioA sustained move over $109.06 will indicate the presence of buyers. Bearish ScenarioA sustained move under $109.06 will signal the presence of sellers. A trade through this level will lead to a test of the major retracement zone support at $103.85 – $99.82. The retracement zone at $103.85 to $99.82 is controlling the near-term direction of the market.
July 04, 2022 10:43 UTC
CAIRO - 4 July 2022: Trainees of the Ministry of Local Development won the prize of the best applied project in a UN-organized training course targeting the economic empowerment of Egyptian women. The training titled "boosting the economic empowerment of the Egyptian women" was organized by United Nations Industrial Development Organization (UNIDO) and UN Women in coordination with the National Council for Women within the framework of "Rabeha" project which is funded by the Canadian government. In a statement on Monday, the ministry said that the participants of the training include: 47 trainees; 21 from the ministry and the governorates of Qena, Sohag, Beni Suef, Minya and Fayyoum in addition to 26 trainees from the ministries of international cooperation, youth and sports and trade and industry and Small and Medium Enterprises Development Authority (SMEDA).
July 04, 2022 10:38 UTC
CAIRO - 4 July 2022: Egyptian Minister of Water Resources and Irrigation Dr. Mohamed Abdel-Aty, met Jaima de Bourbon, Envoy of the Kingdom of the Netherlands for Climate, in the presence of Ambassador Hahn Mauritz, Ambassador of the Netherlands in Cairo and the accompanying delegation, to discuss water-related activities as part of the program of the upcoming COP27 summit. In the below lines, et highlights the details of cooperation between Egypt and the Netherlands in the field of water:1- There is a long-standing cooperation between Egypt and the Netherlands in the field of water, dating back 46 years, since the establishment of the Egyptian-Dutch Consultative Council for Water Management in 1976. 2- Cooperation is one of the prominent signs of distinguished cooperation between both countries, based on the exchange of benefits and experiences. 3- The bilateral cooperation between both countries contributed to building bridges of trust, and this was reflected in the increasing experiences gained by the two countries in the fields of water management and treatment, water quality improvement and integrated coastal zone management. 4- There is a great similarity between the two countries in the challenges that are being faced, such as protecting the beaches from the effects of climate change, which requires further cooperation in this regard.
July 04, 2022 10:35 UTC
GENEVA: A UN-appointed mission to Libya said on Monday there are “probable mass graves” yet to be investigated, possibly as many as 100, in a town where hundreds of bodies have already been found and it urged Tripoli to continue searching. Based on the testimonies of residents and two site visits, the mission found “reasonable grounds” that the Kaniyat militia committed crimes against humanity. Already, Libyan authorities have recovered 247 bodies in mass and individual grave sites in the Tarhouna area in Western Libya. “According to insider knowledge, there might still be up to 100 as of yet undiscovered mass graves,” the report said. Diplomats and UN sources told Reuters that Libya had in the past expressed reservations about continuing the mission, which expires this month.
July 04, 2022 10:28 UTC
GENEVA :A U.N.-appointed mission to Libya said on Monday there are "probable mass graves" yet to be investigated, possibly as many as 100, in a town where hundreds of bodies have already been found, and it urged Tripoli to keep searching. Already, Libyan authorities have recovered 247 bodies in mass and individual grave sites in the Tarhouna area in Western Libya. "According to insider knowledge, there might still be up to 100 as of yet undiscovered mass graves," the report said. In its conclusions, the Fact-Finding Mission (FFM) calls on Libyan authorities to continue searching for the graves. Tracy Robinson, one of the three heads in charge of the 18-person team, said it did not have the resources or authority to investigate the Tarhouna graves alone.
July 04, 2022 10:24 UTC