Libya sovereign fund claimant denounces U.N.-backed govt's management plan

AbdulMagid BreishA claimant to the chairmanship of Libya's $67 billion sovereign fund on Monday denounced the appointment by the country's United Nations-backed government of a panel to run the fund, saying he had not been formally asked to step down.

Read more... 

Libyan forces clash with IS in Sirte

Photo©ReutersLibyan forces engaged in renewed clashes with Islamic State militants in Sirte on Thursday, a day after capturing a convention complex that had been a symbol of the militant group's authority in the city.

Read more... 

Libya: National Oil Corporation wary of broken promises in oil ports deal

A truck drives as smokes rises following a fire in an oil storage tank at the port of Es Sider, in Ras Lanuf. Photo©ReutersLibya's National Oil Corporation, which hopes to more than quadruple the country's oil output by the end of this year, remains wary that promises to reopen blockaded ports could be broken.

Read more... 

US bombing inflicts heavy losses on islamists in Libya

File photo©Gaia Anderson/AP/SIPAUnited States warplanes carried out a series of air strikes against Islamic State (IS) fighters in Libya's coastal city of Sirte, the latest salvo of a longer-term campaign by the West to combat the Islamist group's foothold in the North African country.

Read more... 

Trades with Goldman too complex for Libya's sovereign wealth fund - witness tells court

Photo©Richard Drew/AP/SIPANine disputed trades that Libya's sovereign wealth fund (SWF) entered into with Goldman Sachs were unsuitable by "dint of risk and complexity", according to an expert witness at a trial in London's High Court.

Read more... 

Protests over salaries delay Libyan oil shipments

File photo©Kamran Jebreili/AP/SIPAGuards protesting over pay shut the eastern Libyan oil terminal of Hariga on Sunday, delaying two shipments of crude, a port official said.

Read more... 

Libya oil guards back NOC state oil company, preparing to reopen fields

A view of the anchorage at the Es Sider export terminal in Ras Lanuf, west of Benghazi/REUTERS/Esam Omran Al-FetoriLibya's oil guard brigades, which control Ras Lanuf and Es Sider, two major export terminals closed since 2014, are working with the unity government's state oil company, NOC, and preparing to reopen fields to pump crude again, a spokesman said on Thursday.

Read more... 

Goldman exec tells Libya fund trial that offering prostitutes 'unacceptable'

Photo©Brendan McDermid/ReutersA Goldman Sachs executive's alleged arranging of prostitutes for himself and the brother of a decision-maker at Libya's sovereign wealth fund was completely unacceptable behaviour for an employee of the bank, the first witness called by Goldman told a court on Thursday.

Read more... 

EU to target Libyan arms smugglers in Mediterranean

Photo©AP/SIPAEuropean Union naval forces deployed to combat people trafficking in the Mediterranean Sea are to begin intercepting boats suspected of smuggling arms into Libya in a key expansion of the mission.

Read more... 

Libya sues Goldman Sachs for $1.2bn in damages

Photo©Richard Drew/AP/SIPALibya's government-managed sovereign wealth fund has started legal proceedings against Goldman Sachs, accusing the bank of pressuring executives to make high-risk trades that resulted in a $1.2bn loss.

Read more... 

Libyan army 'days' away from capture of last IS stronghold

A general view of buildings ravaged by fighting in Sirte. Photo©Manu Brabo/AP/SIPALibya's military says it is "days" away from capturing the last Islamic State (IS) stronghold in the North African country at the coastal city of Sirte.

Read more... 

Libya's unity government loses 10 soldiers in battles with Islamic State

Many Africans who left to fight alongside IS in Syria and Iraq are returning home, creating a ready pool of potential recruits. Photo©AP/SIPAAt least 10 soldiers aligned with Libya's internationally backed government were killed in skirmishes with the Islamic State (IS) near its stronghold in Sirte, as concern grows about the rising strength of the Islamist group in the country.

Read more... 

Fearmongers in the frame

A menacingly authoritarian triumvirate think that it's their turn. Canny, malign and experts in the politics of fear, the US's Donald Trump, France's Marine Le Pen and Russia's Vladimir Putin believe history is on their side.

Read more... 

Terrorism? But who's behind the weapons?

A vexing double standard about the source of violence in the world plagues our thinking about terrorism.

Read more... 

Oil & Gas: Libya joins Iran in snubbing oil freeze

Photo©ReutersLibya does not plan to attend an April 17 meeting of oil producers about freezing supply to support prices, a Libyan OPEC delegate said on Tuesday, joining fellow OPEC member Iran in snubbing the initiative.

Read more... 

IS rebels swoop on a divided Libyan state

The worsening confrontation in Libya is being fought militarily, politically and commercially, and will have consequences far beyond the country's borders in 2016.

Read more... 

Libya demands state of emergency status from World Health Organisation

A view shows debris in a room at a children's hospital, which was damaged in unknown shelling in Benghazi, Libya April 29, 2015. Photo©ReutersLibya's health minister has requested the World Health Organisation (WHO) to declare a state of emergency in the North African country, as 60 to 70 per cent of the country's hospitals have closed, due to lack of funds to purchase medicine.

Read more... 

Where is the voice of Africa?

Thabo Mbeki Former president of South Africa. Photo©ReutersSouth Africa's former President Thabo Mbeki talks to The Africa Report about African diplomacy, the economic slowdown and the fight against illicit financial flows. 

Read more... 

Libya: Militants hit Benghazi oil plants

File Photo©ReutersA major power plant in the eastern Libyan city of Benghazi was been attacked by militants, an army commander and a plant employee said on Saturday.

Read more... 

Libya: Islamic State clashes with guards near Es Sider oil port

File photo©ReutersIslamic State fighters clashed with a force guarding Libya's Es Sider oil export terminal on Monday, witnesses reported, and the militants said they had taken a nearby town.

Read more... 
Subscriptions Digital EditionSubscriptions PrintEdition









Music & Film



Keep up to date with the latest from our network :


Connect with us