Libya sees $10 bln budget deficit in 2012: paper
Libya’s government will post a budget deficit of $10 billion this year as it struggles to pay public workers’ salaries and meet energy costs, the head of the country’s National Transitional Council...
View ArticleLibya Predicts $10 Billion Budget Deficit
The Libyan government estimates that its budget deficit will reach $10 billion this year, leading to serious challenges in paying government employees and the country’s energy bill, said Mustafa Abdul...
View ArticleJalil: 2012 Budget to be Approved Soon
The chairman of Libya’s National Transitional Council (NTC), Mustafa Abdul-Jalil said Saturday that the Libyan budget for 2012 which is estimated at over 68 billion Dinars will be approved by the NTC...
View ArticleLibyan leader: no government reshuffle ahead of elections
The head of Libya’s ruling National Transitional Council said on Sunday he did not envisage a government reshuffle before national elections slated for June, despite reports of possible changes earlier...
View ArticleLibya looks to Islamic banks to lure deposits
Ahmed Saeed, a Libyan poultry farmer, says he’s waiting for his country to open Islamic banks to deposit money for the first time. “I’m sure that Islamic banks are more in tune with my culture,” he...
View ArticleLibya transitional council sees delay to elections
The head of Libya’s National Transitional Council said he expected an election for the national assembly would be delayed, holding up a landmark vote in the transformation of the country following the...
View ArticleLibyan Government Ready to Make Progress in Payments to Turkish Firms
The head of Libya’s National Transitional Council said on Sunday that the government was ready to make progress in payments to Turkish construction companies. Mustafa Abd-al Jalil said that Libyan...
View ArticleEgypt: Libya congratulates Egypt’s president-elect
Libya’s National Transition Council (NTC) President Mustapha Abdeljalil on Sunday sent a congratulatory message to Mr. Mohamed Morsi following his election as Egypt’s President. In the message,...
View ArticleBritish firms urged to ‘pack suitcases’ in rush for Libya business
The starting pistol for British firms to pursue contracts in Libya has been fired by the new defence secretary, Philip Hammond, who urged companies to “pack their suitcases” and head there to secure...
View ArticleLibya dispels fears over adopting Islamic rule
Libya’s interim leader yesterday sought to dispel fears that the North African nation would adopt hardline Islamic rule, a day after he declared Sharia the primary source for future legislation. “I...
View ArticleExperts eye impact of Sharia law on Maltese business with Libya
It is too early to determine the implications of Libya’s plans for an Islamic banking structure for Maltese firms operating there, but they will certainly have to heighten their cultural awareness,...
View ArticleArab Spring may turn page in Egypt-Libya economic relations
Can revolutions succeed where decades-old dictatorial systems failed, and usher in stable, mutually beneficial economic relations between Egypt and Libya? The coming months may bring the answer. Last...
View ArticleA New Libyan Political Party Taking Shape On Lines of ‘Moderate’ Islamic...
Libya’s Islamists are forming a new party that will be run on the “moderate” Libyan cleric Dr Ali al-Sallabi announced during an interview carried in Thursday’s British national daily newspaper, The...
View ArticleNTC chairman inaugurates Jordan’s Libya field hospital
Libya’s National Transitional Council (NTC) Chairman Mustafa Abdul Jalil on Thursday inaugurated Jordan’s field hospital in Benghazi, established recently to provide healthcare to the Libyan people. In...
View ArticleTunisians, Turks Can Enter Libya Without Visa
The head of the Libyan National Transitional Council, Mostafa Abdul Jalil has recently announced that Tunisian and Turkish passport holders will be allowed to enter Libya without applying for a visa....
View ArticleThe EU opens a new delegation in Libya
The EU High Representative Catherine Ashton officially inaugurate the new Delegation of the European Union in Libya. At the inauguration she underlined that the Delegation is much more than a...
View ArticleLibya, Algeria mend ties
Algerian President Abdelaziz Bouteflika met with National Transitional Council (NTC) chief Mustafa Abdel Jalil for the first time on Tuesday (November 15th), signalling a breakthrough in relations with...
View ArticleAbdul- Jaleel appreciates OIC support and backing for his country, Ihsanoglu...
The Secretary General of the Organization of the Islamic Cooperation, Ekmeleddin Ihsanoglu, envisages to pay a visit to Libya shortly to express OIC support for Libya in the aftermath of the collapse...
View ArticleLibyan NTC Names Cabinet, Appoints Benyiza as Oil Minister
Libya’s National Transitional Council named a new interim cabinet of 24 ministers, including the appointment of Abdulrahman Benyiza as oil minister, said Acting Prime Minister Abdurrahim el-Keib....
View ArticleLibyan prime minister poised to announce secularist cabinet
Abdurrahim al-Keib, the new Libyan prime minister, is set to announce a secularist cabinet on Tuesday. The major surprise in leaked details of the cabinet – which has no places for prominent Islamists...
View ArticlePresident Ahmadinejad Invites Libya’s NTC to Visit Iran
Iranian President Mahmoud Ahmadinejad invited the members and the head of the Libyan National Transitional Council (NTC) to visit Iran. Iran’s new Ambassador to Libya Hossein Akbari submitted...
View ArticleLibyan leaders pledge forgiveness for Kadhafi loyalists
Political and religious leaders from across Libya gathered in Tripoli on Saturday (December 10th) for a national reconciliation conference. “We are capable of forgiveness and tolerance,” said Mustafa...
View ArticleLibya has ‘reservations’ on Italy treaty: report
Libya said on Tuesday it has reservations about “certain points” in a 2008 treaty of friendship with former colonial power Italy, signed by the late dictator Moamer Kadhafi and former premier Silvio...
View ArticleIrish-Libyan minister rejects nepotism claims
LIBYA’S new health minister, Dr Fatima Hamroush, who lived in Ireland before taking the job, has been accused of nepotism by protesting doctors in Tripoli for employing her sister as her...
View ArticleTop Egyptian general to visit Libyan leaders
In his first major trip abroad as acting head of state, Egypt’s top general is scheduled to fly to Libya on Monday for talks with interim leaders there on the cross-border flow of weapons and the...
View ArticleItalian PM, Delegation Start Visit to Libya
Italian prime minister Mario Monti arrived in the Libyan capital, Tripoli Saturday to revive a treaty of friendship and to offer his nation’s expertise in training police in the country that after an...
View Article
