World News: Political News
Oil Prices Drop 3% as Investors Retreat From Overnight Gains.
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Singapore, 1 September 2105(Lana) Oil prices fell nearly 3% in Asian trade on Tuesday, with investors covering short positions and taking profits after Brent and US crude soared more than 8% in the previous session. Brent crude for October delivery had dropped $1.91 to $52.24 a barrel, or 3.53%, as of 0050 GMT after climbing $4.10, or 8.2%, in the previous session. US crude for October delivery dropped $1.86, or 3.8%, to $47.35 a barrel, after it settled up $3.98, or 8.8% in the previous session. US crude, also known as West Texas Intermediate, had climbed 27.5% by... Read more
A meeting to address state financial woes.
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Tripoli, 31.08.2015(Lana) Abroad meeting was held Monday at National Audit Bureau in Tripoli to discuss financial woes facing state institutions especially hospitals, municipal councils to address them urgently. Head of GNC Financial Committee, Head of National Salvation Government, Head of National Audit Bureau, deputy and directors of NAB, acting Minister of Finance, Advisor to the governor of Central Bank of Libya took part in the meeting. They reviewed in the meeting the necessary mechanisms to replace subsidy of goods by direct cash and ways to control documentary ... Read more
Ghiryan Commercial Bank closes its doors due to lack of liquidity.
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Tripoli, 31.08.2015 (Lana) Ghiryan Commercial Bank shut its doors Monday due to lack of liquidity. In a statement a copy of which was obtained by Lana, the bank said ' Due to deteriorating security situation at the road between Ghiryan and the capital it was not possible to transport cash to Ghyrian banks. Armed clashes were reported Saturday at Raqiat north of Ghiryan closing Sabia road linking Ghiryuan with Tripoli. =... Read more
Central Committee for Election of Municipal Councils postpone election of Serte municipality mayor.
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Tripoli, 31.08.2015(Lana) Central Committee for election of municipal councils postponed election of Serte municipality mayor, due to the extraordinary circumstances that prevented communication with members of the municpal council of the city. Media and Awarness office at the committee explained that the "The election of the mayor of Serte has been postponed due to circumstances outside the control of the Central Committee, represented in disruption of communications with members of the muncipal council in the city". It furhter stated that the relevant regulations for... Read more
National Oil Corporation Holds Series of Meetings with International Refineries Group.
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London : 31. 8. 2015 - Lana - National Oil Corporation held a series of meetings with International Refineries Group at the Mediterranean Basin and world major companies specialized in oil field . The meeting held in the British capital, London , in the presence of Governor of Central Bank of Libya, Chairman of the Board of National Oil Corporation , Libyan crude oil refining dealers and fuel importers , focused on promoting cooperation in oil industries , stressing the corporation's commitment to execute its contracting obligations . The Governor of Central Bank of... Read more