“We need to heal the nation,” with priority given to the national interests of Libya and build a modern State, he stressed. She voiced her hope that the Council would endorse several recommendations for Libyan women. It was also important to ensure that the political process in Libya is fully Libyan-led and Libyan-owned with no imposition or external interference. The priority must be to resolve the crisis of executive power and achieve a unified Government capable of conducting elections throughout Libya. This should be a Libyan-led and -owned process that paves the way to free, fair, and inclusive national elections.
Source:Libya Today
June 29, 2022 02:48 UTC
The US Ambassador to Libya, Richard Norland, said on Tuesday that efforts are underway with international support to establish a Libyan-led mechanism to provide transparency regarding how oil revenues are spent, stressing the need to resume oil production and give this mechanism a chance to work. This came during his meeting with the Chairman of the Board of Directors of the National Oil Corporation, Mustafa Sanallah, where they discussed critical importance of restoring Libyan oil production immediately to Libya and the global economy. Norland indicated that “as temperatures soar, electricity blackouts grow, prices rises and oil infrastructure corrodes, there is no excuse for those claiming that the oil shutdown is in the interests of Libya’s people”, the US Embassy tweeted.
Source:Libya Observer
June 28, 2022 22:40 UTC
VALLETTA, June 28 (Reuters) - A court has ordered Malta's Bank of Valletta to return to Libya some 95 million euros ($100.1 million) deposited by a son of former Libyan leader Muammar Gaddafi. The funds were deposited by Gaddafi's son Mutassim as the owner of a Maltese-registered company with Bank of Valletta BOV.MT accounts. Mutassim Gaddafi was found to be in possession of several of the bank's credit cards when he was killed in Misrata on October 20, 2011. The Malta court case was brought by Libya's attorney-general, who argued that Bank of Valletta had failed to carry out proper due diligence checks that should have prevented Mutassim Gaddafi opening an account in the first place. A lawyer for Muammar Gaddafi's heirs, Charilos Oikonomopoulos, argued that the money was private funds and not pilfered from the Libyan state.
Source:Libya Today
June 28, 2022 22:36 UTC
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 institutions 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. “Your presence here today is an example of responsible leadership,” the UN’s top Libya official Stephanie Williams said as she opened the talks. HoR-backed premier Fathi Bashagha said last Wednesday in a letter to UN chief Antonio Guterres that he would “now be leading all efforts to bring elections to Libya at the earliest possible opportunity”. Recent weeks have seen repeated skirmishes between armed groups in Tripoli, prompting fears of a return to full-scale conflict.
Source:Libya Today
June 28, 2022 22:07 UTC
AFP/ GenevaThe 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 institutions 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. “Your presence here today is an example of responsible leadership,” the UN’s top Libya official Stephanie Williams said as she opened the talks. HoR-backed premier Fathi Bashagha said last Wednesday in a letter to UN chief Antonio Guterres that he would “now be leading all efforts to bring elections to Libya at the earliest possible opportunity”. Recent weeks have seen repeated skirmishes between armed groups in Tripoli, prompting fears of a return to full-scale conflict.
Source:Libya Today
June 28, 2022 22:07 UTC
The meeting will discuss the draft constitutional framework for elections. This follows the recent Joint Committee meeting held in Cairo where lawmakers from both chambers of parliament came to consensus on 137 articles of the country’s draft constitution. Today’s meeting is a step in the right direction for the future of Libya’s politics. It is likely that the meeting will conclude with Libya obtaining a finalized draft constitution. Parliament will likely approve the draft and proceed with a path towards elections.
Source:Libya Today
June 28, 2022 20:05 UTC
The UN Under-Secretary-General for Political and Peace-building Affairs, Rosemary DiCarlo, has reiterated the UN readiness to facilitate dialogue between current Prime Minister of Libya, Abdul Hamid Dbeibah and Parliament-designated PM, Fathi Bashagha. "It is high time to agree on outstanding issues and make the elections happen. We remain committed to supporting Libyan national reconciliation efforts, working closely with our partners, including the African Union." "As armed groups continue to position themselves in support of either Mr. Dbeibah or Mr. Bashagha, the risk of escalation increases." She indicated that the partial shutdown of Libya’s oil sector continues and since 16 April, the shutdown has reduced Libyan oil exports by one third and cost the country 3.1 billion US dollars in lost revenue.
Source:Libya Observer
June 28, 2022 19:55 UTC
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Source:Libya Today
June 28, 2022 19:36 UTC
Although the parliament has appointed a new government, the one installed last year through a U.N.-backed process refuses to step down. Libyans fear the crisis will derail efforts to get the elections back on track and could return the country to territorial partition and civil war. "The reality of the Libyan political scene is that no single actor can produce an outcome. A mechanism to resolve financial disputes over oil revenue is key to reunifying the central banks, he said. "This mechanism could provide a short-term pseudo-governmental function until elections take place so the sooner that happens the better for all Libyans," he added.
Source:Libya Today
June 28, 2022 18:27 UTC
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 institutions began in Geneva. 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. HoR-backed premier Fathi Bashagha said Wednesday in a letter to UN chief Antonio Guterres that he would "now be leading all efforts to bring elections to Libya at the earliest possible opportunity". Recent weeks have seen repeated skirmishes between armed groups in Tripoli, prompting fears of a return to full-scale conflict.
Source:Libya Today
June 28, 2022 17:58 UTC
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.
Source:Libya Today
June 28, 2022 17:36 UTC
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.
Source:Libya Today
June 28, 2022 16:39 UTC
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.
Source:Libya Today
June 28, 2022 16:17 UTC
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.
Source:Libya Today
June 28, 2022 15:41 UTC
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
Source:Libya Today
June 28, 2022 14:58 UTC