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Economy

Libya assumes RCREEE Board of Trustees presidency for 2018

The Board of Directors for Renewable Energy Authority of Libya (REAOL) chairperson, Hamid Hameda El Sherwali was named the chairperson of The Regional Center for Renewable Energy and Energy Efficiency (RCREEE), representing Libya. The REAOL told ArraedLG on Friday, El Sherwali will serve as chairperson of RCREEE for one year, …

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Libya wins legal dispute demanding more than 120 million dinars

The Audit Bureau confirmed that the management of the State’s cases in coordination with the Bureau succeeded in winning an arbitration dispute by rejecting the case brought before the International Chamber of Commerce (ICC) in Paris against Libya by the Libyan-Brazilian Company and the Brazilian company Odebrecht. The Bureau said …

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Kufra International Airport in danger of closure

Al-Kufra airport Director General, Omar Qandil said on Tuesday, the airport is in danger of closure due to problems with the airport’s runway. Qandil told ArraedLG on Tuesday, the air traffic is still ongoing, stressing the need to repair the landing strip “urgently”, so that flights to and from the …

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NOC welcomes arrest warrants issued for smugglers

The National Oil Corporation (NOC) welcomed arrest warrants issued by the Attorney General for more than 144 smugglers in the western region. The NOC confirmed in a statement published on its official website on Sunday, the continuation of the submission of periodic reports and information on smuggling operations by “criminal …

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Libyan oil tanker “Badr”, detained in Bulgaria, released

The head of the Ministry of Communications media office, Seraj Al-Hamal said on Thursday, the Bulgarian Attorney General intervened to release oil tanker “Badr” detained and held in Burgas port. Al-Hamal attributed the reason for the intervention of the Bulgarian Attorney-General to the communication of the executive management of the …

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Al-Shukri, HOR appointed governor, sworn in

Mohamed Al-Shukri was sworn in as governor of the Central Bank of Libya (CBL), on Monday, in front of the House of Representatives (HOR) during a session at its headquarters in Tobruk. Al-Shukri said in a speech after his oath that he will reduce the exchange rate, resolve the liquidity …

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GECOL condemns assault on director of western projects

An armed group attacked the director of the western projects of the General Electricity Company of Libya (GECOL), Ali Al-Bahlul  in Al-Zawia. The head of the GECOL media office, Mohamed Al-Takouri told ArraedLG on Sunday, Al-Bahlul was attacked and was injured in the foot, and was transferred to the hospital, …

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