World News: Political News
ِAlgeria reaffirm importance of national consensus government.
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Tripoli, 24.02.2016(Lana) Chairman of Algerian National Assembly, Abdulqader Ben Salah renewed emphasis on importance of formation of national accord government, considering it a significant step that would safeguard national unity and reinforce national reconciliation course in libya. Ben Salah described the formation of this government as the opportunity to support efforts aimed at an inclusive political settlement that responds to aspirations of the Libyan people for peace, security and prosperity and to start the process of state building and face various challenges and... Read more
British Court Set Date for Looking Libyan Investment Company Dispute.
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London, 24 February 2016(LANA) The British court looking a dispute over the chairmanship of the $67 billion Libyan Investment Company has set March 7 as the date for a hearing. The hearing session will be held at the commercial court in London on March 7, and could take the court several sessions to determine who of the claimants of the chairmanship of the company would have the direct authority to litigate the Goldman Sacks and Societe Generale banks. The Libyan Investment Company is subject of dispute between Hasan Buhadi who was appointed by the interim Government in... Read more
UN: Libya's Stockpile of Vital Drugs is About to Run Out.
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Tripoli, 24 February 2016(Lana) The UN Humanitarian Affairs Coordinator in Libya Ali Al Za'tari has announced that nearly a million person in Libya would soon become in a dire need for assistance, because of acute shortage of life-saving drugs. 'Our estimate is that by the end of March all life-saving drugs in Libya would run out, which would impact nearly a million people, Al Za'tari said at a press conference on Tuesday. 'Unless medicine and supplies arrive, this will constitute a real problem for Libya', he said. =... Read more
Foreign Ministry Issues Statement on Events in Benghazi and Ajdabiya.
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Tripoli, 24 February 2016(Lana) The NSG Ministry of Foreign and international Cooperation has issued a statement on the bloody events in the cities of Benghazi and Ajdabiya, which it described as unjustified acts of hostility, that would further deepen the crisis and lead to more bloodshed. The Ministry called in a statement on Tuesday for an immediate cessation of military hostilities in Benghazi and Ajdabiya, being carried out by so called national army, including aerial bombardment and the use of different types of internationally-prohibited weapons. The statement called... Read more
CBL Urges Commercial Banks to Comply With Letter of Credit Decision.
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Tripoli, 24 February 2016(Lana) The Central Bank of Libya CBL has addressed letters to the CEOs of commercial banks, and the Director General of the Libyan Foreign Bank urging them to comply with the CBL instructions on referring of customers requests of cover approval through letter credit e transaction network. The letters came as the CBL noticed that banks delay referring of customer cover requests through the network. The CBL has authorized commercial banks to process letters of credit as of February 2016. =... Read more