The M.A Kharafi and Sons group, owned by one of Gulf state’s biggest merchant families, will be receiving $930 million in damages after the cancellation of the construction of a vacation resort in the Libyan capital, three years ago, by the head of the former Libyan regime, Colonel Muammar Gaddafi. Reports carrying the story claim [...]
After a meeting which seems to be a successful one between Turkey and Libyan officials with the Turkish Energy Minister quoted saying he is “satisfied” with the discussions held with the Libyan Oil Minister Abdulhadi al-Arusi over energy ties. The Turkish minister said that Turkish companies are working in parts in of Libya but it’s [...]
A decade long investment plan worth $8 million has been revealed by ENI# to develop its upstream business as it moves to strengthen its grip as the leading international oil and gas producer in Libya. The announcement was made by its Chief Executive Paolo Scaroni who also presented the investment and development objectives of the [...]
Libya is the second petroleum producer in Africa right after Nigeria and before Algeria. Having also the biggest natural reserve of petroleum in Africa it was a surprise to see long waiting line at petrol stations in the countries capital for the past few days. All over Tripoli people are patiently waiting for hours just [...]
If the revolution in Libya has taken its place in the history books of the country, Benghazi has become famous for its role during that period. However, the city of Benghazi and its region have been adamant when it comes to violence. In its latest act, the US consulate building in the city was attacked [...]
The political transition in Libya has peacefully been achieved in a symbolic ceremony in Tripoli. The newly appointed assembly took the reins from the NTC and it will officially start its duties next week despite the ongoing fighting in the western part of the country as they seek for autonomy. Before the handing over, the [...]
The Libyan government is to pay Turkish construction companies 50% of the amount of money it owes them “immediately” because of the suspension of projects they were victims of in Libya when the revolution gained weight according to the Turkish economic minister. At the beginning of the Libyan uprising, a total amount of $1.4 billion [...]
“Law 37″ which was passed by the National Transitional Council’s Legal Committee a month ago has been branded unconstitutional by Libya’s Supreme Court during a short session. The law considers the “praising or glorifying Muammar Gaddafi, his regime, his ideas or his sons… is punishable by a prison sentence” varying from three to fifteen years [...]
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