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Tripoli, Libya · TripoliFollowing consultations hosted by the United Nations Support Mission in Libya (UNSMIL) at its headquarters in Tripoli on Monday and Tuesday, representatives of the House of Representatives (HoR) and the High Council of State (HCS) have reached important understandings on the crisis of the Central Bank of Libya (CBL), particularly on the mechanism and deadlines for appointing the CBL governor and board of directors. UNSMIL added in a statement th…See the Story
UNSMIL: HoR, HCS requested 5 days of consultations before signing final CBL agreement - Libya Al-ahraar
Immigration · LibyaThe International Organization for Migration (IOM) said that 979 immigrants were intercepted and returned off the coast of Libya in the past week. “From 25 to 31 August 2024, 979 immigrants were intercepted and returned to Libya,” IOM said in a statement on Monday. The immigrants included 74 women and 33 children, IOM said, adding that seven bodies of immigrants were recovered, and eight others went missing off the Libyan coast. A total of 15,11…See the Story
IOM: 979 immigrants intercepted and returned off Libyan coast in late August - Libya Al-ahraar
Libya · LibyaThe representative of the House of Representatives (HoR) in the UN-sponsored meeting to resolve the Central Bank of Libya’s crisis, Al-Hadi Al-Sagheer, has told Libya Al-Ahrar TV that the meeting designated for signing the agreement to end the crisis is postponed to a later time. The UN Support Mission in Libya (UNSMIL) announced Monday the beginning of negotiations involving representatives of the House of Representatives, the High Council of S…See the Story
No agreement yet in UN-led talks for CBL crisis - Libya Al-ahraar
United Kingdom · United KingdomThe United Kingdom’s (UK) Foreign, Commonwealth and Development Office has expressed concern over the ongoing crisis in the Central Bank of Libya, voicing fears of its impact on relations between Libya and international financial institutions. A statement issued by the Office said that “Libyan parties must work seriously with the United Nations Support Mission in Libya (UNSMIL) to quickly agree on a political process that ensures effective and t…See the Story
UK Foreign Office voices concerns about CBL crisis - Libya Al-ahraar
Tripoli, Libya · TripoliThe new board of the Central Bank of Libya (CBL), which is assigned by the Presidential Council, has issued an official statement confirming the return of the bank to full capacity after regaining control of all systems that it said had been disabled by the previous administration. It’s “business as usual” now, the board said, adding that all systems had been safely repaired, stressing its commitment to political neutrality and maintaining an eq…See the Story
New CBL board says it has restored all systems and is working "at full capacity" - Libya Al-ahraar
Tripoli, Libya · TripoliThe Minister of Interior of the Government of National Unity Emad Al-Trabelsi confirmed on Sunday that smuggling was the main cause of the current fuel crisis, calling for exerting more efforts to address all bottlenecks affecting the lives of Libyans. Al-Trabelsi said that the western region “suffers from fuel smuggling operations that affect supplies, noting that directives have been issued to prevent the sale of fuel barrels on public roads.”…See the Story
Interior Minister reviews solutions to fuel and gas crisis in Libya - Libya Al-ahraar
Libya · LibyaLibya and Saudi Arabia have financed the purchase of gas cargoes worth at least $200 million to help Egypt ease its energy crisis this summer amid a steep decline in domestic gas output, two industry sources familiar with the matter told Reuters. Egypt needs some $2 billion worth of gas to cover summer demand through October, according to one of the two sources familiar with the government’s plan, but a hard currency crisis means it lacks funds …See the Story
Reuters says Libya's NOC has bought Egypt gas cargo worth $50 million - Libya Al-ahraar
Oil and Gas Sector · LibyaOil exports at major Libyan ports were halted on Monday and production curtailed across the country, six engineers told Reuters, amid a standoff between rival political factions over control of the Central Bank of Libya (CBL) and oil revenue. According to Reuters, some oil production was being increased to feed local power generation. Exports remained halted at the ports of Es Sidra, Ras Lanouf, Hariga, Zueitina, Brega and Sirte, engineers there…See the Story
