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Libya’s oil minister suspended for legal investigation

Libya’s oil minister suspended for legal investigation

LIBYA'S oil and gas minister in the Government of National Unity has been temporarily suspended from work, a state institution said on Monday, citing a legal investigation. The Administrative Control Agency (ACA) said on its verified Facebook page that its head Abdullah Qadirbuh issued the suspension decision against the oil and gas minister in Tripoli for the investigation "regarding the facts of case No.178, which revealed the presence of legal violations". It did not disclose further details. The oil ministry has not received a copy of the decision yet, a source at the ministry told Reuters. The ACA mentioned the…
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Libya’s stock market resumes trading after more than 9 years of closure

Libya’s stock market resumes trading after more than 9 years of closure

LIBYA'S Stock Market resumed trading at a hall in the capital Tripoli after more than nine years of closure because of the political and security situation. The prime minister of the Government of National Unity Abdulhamid al-Dbeibah and the market's chairman of the board of directors Bashir Mohamed Ashour with other officials rang the bell to announce the resumption of trading. The stock market also has a trading hall in Libya's second city of Benghazi where trading is expected to resume next week, a source said on Monday. Dbeibah said the bourse was "one of the means to improve the…
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Libya headed back to ‘square one’

Libya headed back to ‘square one’

AYMAN AL-WERFALI LIBYA will return to "square one" and the turmoil of 2011 if national elections planned for December are delayed, the speaker of parliament said, with a new rival government likely to set itself up in the east. The elections are seen in the West as a critical step in efforts to bring stability to Libya, which has been in chaos since the 2011 NATO-backed uprising against Muammar Gaddafi. Libya, a major oil and gas producer, was divided in 2014 between an internationally recognised government in the west and a rival administration in the east that established its own…
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Libya imposes two-week curfew

Libya imposes two-week curfew

LIBYA’S Government of National Unity has announced a two-week curfew in some local councils where there is a rise in COVID-19 infection cases. The curfew, which will take effect as of July 27, will be imposed in some selected municipalities in the western and central regions of the country. The government said the curfew will be from 6 pm to 6 am, and all commercial activities will be closed except for institutions that provide public, security, and medical services.
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Libyan interim PM delays trip to east

Libyan interim PM delays trip to east

LIBYA's new interim Prime Minister Abdulhamid Dbeibeh postponed a visit to the country's east to demonstrate his unity government's progress in ending years of division between warring factions. His spokesman Mohamed Hamouda said in a social media post that the visit had been postponed without giving details. The delay underscores the continued friction between rival camps in the capital Tripoli, in the west, and Benghazi, in the east, the stronghold of commander Khalifa Haftar's Libyan National Army (LNA). East and west sides formed rival administrations in 2014, further dividing a country already beset by the chaos and violence that followed…
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