World News: Political News
The Presidency Council issues decision on putting emergency financial arrangements.
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Tripoli, 20.07.2016(Lana) The Presidency Council issued decision No 72/2016 on putting emergency and temporary financial arrangements. Article one of the resolution provides for the allocation of 1.5 billion Libyan Dinars to be dispensed according to the approved items. The resolution provides that the Central Bank of Libya shall deposits the funds in three installments in an emergency account, or at the request of the Presidency Council and the first installment shall be deposited immediately that is upon the resolutions' issuance. Priorities and beneficiaries from the fund shall... Read more
Fortified Structure Forces destroys SO tank.
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Serte, 20.07.2016 (Lana) Fortified Structure Forces destroyed a tank fro the terrorist state organization when it tried to enter into District 2 west of the city. Military source at the western axis said the tank was destroyed by anti-tank weapon when members of the terrorist state organization tried to advance into district 2. Lana reporter in Serte, said cautious calm prevails the frontlines Wednesday. He said the air force of the Fortified Structure Operation has launched air raids on Daesh position in Ouagadougou Halls and near Serte University, east of the city. =... Read more
Central Graduate Studies Library opened at Tripoli University.
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Paris, 20.07.2016(Lana) Central Graduate Studies Library opened at Tripoli University Wednesday in ceremony attended by President of the University as well as head of faculties and department. The Library would help graduates in their research. Director of Technical Affairs and Projects Tawfiq Kamoka said the library houses more than 5000 titles in all disciplines, other reference books, periodicals and theses. The library can accommodate 600 students and that there is unlimited access to the library as far as students are concerned. =... Read more
French Ministry of Defense announces death of three French soldiers.
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Paris, 20.07.2016(Lana) French Ministry of Defense announced in a statement Wednesday that three French soldiers were killed in Libya. The ministry, however, did not disclose any further details apart from saying the dead soldiers were noncommissioned soldiers killed in a mission in Libya. =... Read more
Libya Key Catalyst for Oil Prices, Expert Says.
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Tripoli, 19 July 2016(Lana) Libya remains the wild card in terms of additional short term oil supply of oil, an expert said. The Libyan state despite the conflict between rival factions in the country could be the next key catalyst for the international market, said Helima Croft, Managing Director and Global Head of Commodity Strategy at RBC Capital Markets. Countries such as Saudi Arabia and Iran have defied expectations, and not flooded the market with more barrels, Croft told the CNBC 'Futures Now' programme last week. Global oversupply and economic and political issues... Read more