Oil Rises on Middle Eastern Turmoil, Libyan Supply Disruption
(Bloomberg) -- Oil climbed as supply disruptions in Libya, increased tensions in the Middle East and an OPEC statement stressing its commitment to stabilizing prices ushered bulls back into the market. Most Read from BloombergWest Texas Intermediate rose 3.3% to settle near $73 on Wednesday amid the myriad of bullish developments. Further heightening tensions, Iran suffered two blasts that killed more than 100 people. “Nobody wants to be short crude below $70 when there is unrest in the Middle East,” said Dennis Kissler, senior vice president at BOK Financial. Most Read from Bloomberg Businessweek©2024 Bloomberg L.P.
Source:Libya Today
January 03, 2024 13:36 UTC
EUBAM Libya's new Head of Mission assumes office
EUBAM Libya's new Head of Mission assumes officeTripoli, Libya – January 2, 2024 – The European Union Border Assistance Mission in Libya (EUBAM Libya) today welcomes Mr. Jan Vyčítal as its new Head of Mission. “I am honored to take on this important role,” said Mr. Vyčítal. The mission contributes to enhancing the capacity of the relevant Libyan authorities and agencies in the management of Libya’s borders; fighting cross-border crime, including human trafficking and migrant smuggling; and countering terrorism. In carrying out its tasks, EUBAM Libya provides technical advice, and capacity-building activities at the operational and technical levels, including projects and specialized training. Furthermore, the mission provides strategic advice where requested by the Libyan authorities.
Source:Libya Today
January 03, 2024 12:46 UTC
Protestors Shut Down Libya's Sharara Oil Field
After false rumors of the closure of the giant Libyan Sharara oil field on Tuesday, a letter from Libya’s National Oil Company on Wednesday confirms the shutdown of one of Libya’s most important oil fields. According to Libya’s Al-Ahrar disgruntled protestors took to the field on Wednesday morning stating that the field would not be re-opened until their demands and those of the entire region of Fezzan in Southern Libya would be met. Fears are that the protests may spread to the nearby 60,000 bpd El Feel field. The 300,000 bpd Sharara field saw a short disruption for the last time in July of 2023 when protests erupted following the arrest of an official who tried to become the boss of Libya’s central bank. During a period of relative stability following the truce between the rivaling parties in 2020, Libya’s crude oil production has risen to around 1.2 million barrels per day, and Libya’s state oil firm has plans to ramp up production to 2 million bpd by 2030 according to Minister of Oil and Gas Mohamed Oun.
Source:Libya Today
January 03, 2024 12:33 UTC
Germany to Advance Economic Diversification in Libya
Germany expressed its eagerness to enhance cooperation with Libya during a recent meeting in Tripoli between German Chargé d’Affaires at the Germany Embassy in Libya, Sven Krauspe, and Libya’s Minister of Economy and Trade, Mohammed Al-Huweij. Targeting economic diversification, Krauspe highlighted the commitment of German institutions to partner on renewable energy and water resource projects; complete contracted projects; foster private sector participation; and enhance Libya’s revenues through the rollout of non-oil initiatives. Meanwhile, Minister Al-Huweij urged collaboration between Libya’s Department of Trade and International Cooperation and the Commercial Department of the German Embassy in facilitating investment meetings and partnerships between German and Libyan companies and institutions, such as the General Union of Chambers of Commerce, Industry and Agriculture, as well as the Business Owners Council. The Minister also showcased Libya’s economic diversification strategy and willingness to bolster trade cooperation with European countries.
Source:Libya Today
January 03, 2024 08:29 UTC
Turkey Visa From Libya, Vietnam, Senegal, Mauritius, Solomon Islands
The Turkish e-Visa, also known as the online Turkey visa, serves as an official document granting entry to foreigners into Turkey. Solomon Islanders must obtain a visa to enter Turkey because their country is not exempt from the country's visa restrictions. TURKEY VISA FROM SENEGALVisitors to Turkey can travel through time by visiting historical sites, works of art inspired by heroic epics, and other locations. TURKEY VISA REQUIREMENTS FOR MAURITIUS CITIZENSA valid passport with an expiration date of at least 6 months from the date you intend to enter Turkey. Media ContactCompany Name: TURKEY Visa OfficialContact Person: MUKESH SHARMA MelisaEmail: Send EmailPhone: +880 31-652225Address:2293/A Zakir Hossain Rd, ChattogramCountry: BangladeshWebsite: www.turkeyonline-visa.com/visa/
Source:Libya Today
January 03, 2024 07:08 UTC
Turkey Visa From Palestine, Yemen, USA, Libya, Sri Lanka
TURKEY VISA FROM YEMENAs previously stated, Yemeni passport holders require a visa to enter Turkey. Turkey Visa for US CitizensTraveling to Turkey to enjoy the fantastic cuisine, incredible historical structures, and rich culture is extremely popular among Americans. TURKEY VISA FROM LIBYAVisitors must obtain a visit visa before entering Libya because it is not on the list of visa-exempt nations. The Turkish e-Visa, commonly known as the online Turkey visa, is a document that grants foreign travelers permission to enter Turkey. The Turkish e-Visa, also known as the online Turkey visa, serves as a travel document, replacing the previous "sticker visa."
Source:Libya Today
January 03, 2024 07:04 UTC
Egypt, Libya To 2023 Arab Basketball Final
(MENAFN- Kuwait News Agency (KUNA)) CAIRO, Jan 2 (KUNA) - Libya and Egypt's National Basketball teams have successfully qualified to the final stage of the 2023 Arab Basketball Championship currently held in Cairo. Earlier today the semifinals were held between Libya and Tunisia ending with a 70-64 score, in twine with Egypt and the UAE which timed at 114-78. The final stage matches will be held Wednesday, the 3rd of January, where Tunisia will meet the UAE for the third place stand-off, while reigning champions Egypt will be heading Libya in the final match hoping for a 13th title win. (end)affMENAFN02012024000071011013ID1107678499
Source:Libya Today
January 03, 2024 01:06 UTC
Libyan Business Council participates in 21st Turkish-Arab Cooperation Forum in Istanbul
The head of the Libyan Business Council’s (LBC) Media and Public Relations, Tarek Smuee, confirmed to Libya Herald yesterday that LBC’s delegation, headed by Bashir Trabelsi, Vice Chairman of its Board, and his accompanying delegation, participated in the 21st Turkish-Arab Economic Cooperation Forum held in Istanbul from 19-22 December 2023. The event was attended by ambassadors and consuls of Arab countries in Turkey, in addition to heads and representatives of chambers of commerce, industry, agriculture, federations, unions, associations, and investment bodies in Turkey and Arab countries. Smuee said it was an important forum to present investment opportunities and provide the facilities and services provided by these institutions to their Arab and Turkish counterparts, companies and businessmen. The LBC was presented with a shield of appreciation for its participation in the forum.
Source:Libya Today
January 02, 2024 21:10 UTC
Derna Reconstruction Fund sign major deal to rebuild city’s infrastructure
Executive Director of Derna Reconstruction Fund, Belqasim Khalifa, and board chairman of Egyptian construction company Arab Contractors, Ahmed Al-Assar, signed today a “major” deal to rebuild city’s infrastructure. Both sides also signed a contract to construct a bridge at the top of Wadi Abu Mahboul on the sea road linking the cities of Sousse and Derna, and a bridge at the top of Wadi Markus on the sea road also linking the two cities. During the ceremony, Belqassim Khalifa stressed upon “the necessity of completing the work as soon as possible in order to solve the bottlenecks that the city of Derna suffers from, with the need to maintain quality,” according to the government’s statement. Last Wednesday, the parliament-backed government, led by Prime Minister Osama Hammad, announced the formation of the Derna Reconstruction Fund, and appointed Belqassim Khalifa as executive director of the fund. Yesterday, Belqassim Khalifa and Osama Hammad visited Dena, examining the scale of flood damage in multiple locations.
Source:Libya Today
January 02, 2024 20:29 UTC
EchoStar Completes Merger With Dish Network
EchoStar Corporation completed its acquisition of Dish Network to close out 2023 on Dec. 31. Dish Network is now a wholly owned subsidiary of EchoStar. The merger brings the companies back together — Dish was developed as part of EchoStar and spun out in 2008. Its brands include Boost Mobile, Boost Infinite, Sling TV and DISH TV, as well as EchoStar, Hughes and Jupiter satellite services, HughesON managed services and HughesNet satellite internet. Together, EchoStar and DISH offer an enhanced consumer connectivity business and an unmatched enterprise managed services business.
Source:Libya Today
January 02, 2024 20:15 UTC
1,233 heart operations conducted in Libya at an average cost of LD 11,500: Ministry of Health
The Tripoli based Libyan Ministry of Health reported yesterday that 1,233 heart operations were conducted by its various medical centres. These included heart surgery, catheterisation, and open-heart surgery for children. The Ministry said the operations came in at a total cost of LD 14.1 million (US$ 2.35 million), with an average price of LD 11,500.00 (US$ 1,900) per operation. The statistics were revealed by the Head of the Health Ministry’s Documentary Credits Department during a meeting held by Deputy Prime Minister / Acting Minister of Health, Ramadan Abu Janah. The Minister urged those gathered to continue coordination to speed up financial procedures, so that medical centres can complete the implementation of surgical operations for patients awaiting scheduled operations on waiting lists.
Source:Libya Today
January 02, 2024 20:08 UTC
Top Satellite Launches to Watch in 2024
In this round-up, we take stock of 2024 and look at some of the top commercial satellites expected to launch this year. Designed by Maxar, the satellite has faced numerous delays, pushing it from a 2022 launch, to late 2023 and now early 2024. CEO Per Norén spoke with Via Satellite in 2022, saying the satellite will “revolutionize” the company’s satcom-as-a-service offering and allow service for new generations of small, mobile satellite terminals. Also, according to its most recent financial report, SES also expects the ASTRA 1P broadcast satellite to launch in the second half of 2024. After validating its demonstration satellite in 2023, the company is preparing for its first five “BlueBird” commercial satellites to launch in the first quarter of 2024.
Source:Libya Today
January 02, 2024 16:59 UTC
Nasia: No decision on unification of sovereign positions before forming new government
Abdel Salam Nasia, a member of the House of Representatives, said that no decision can be made on unification of sovereign positions before a new interim government is established. The Libyan MP’s remarks came after the High Council of State discussed the issue of sovereign positions during the council’s session today. “It is better to unify the executive authority through a new, unified government with specific tasks and budget, to supervise the presidential and parliamentary elections, and end the transitional stages,” Nasia said, adding that unifying sovereign positions is not a priority at this stage. He pointed out that Article 15 of the Skhirat Agreement that only a government of consensus can decide on Libya’s top sovereign positions, such as naming governor of the central bank.
Source:Libya Today
January 02, 2024 16:28 UTC
Terran Orbital Receives Rivada Payment
Terran Orbital has started the year by announcing two significant financial updates regarding its cash balance as well as an update on its contract with Rivada Space Networks. The company received a milestone payment from Rivada on its constellation contract. Terran Orbital said the amount was for the completion of a program milestone. Terran Orbital expects to receive additional milestone payments in 2024 and continues to expect to meet its delivery obligations under the Rivada contract on schedule in 2025 and 2026. Rivada was previously delayed on making this payment, which caused Terran Orbital to cut its financial projections for 2023.
Source:Libya Today
January 02, 2024 15:15 UTC
Deadly Attack on 51 Brigade Headquarters Shakes Libya
Deadly Attack on 51 Brigade Headquarters Shakes LibyaLibya’s fragile peace was rudely interrupted when the 51 Brigade headquarters, located in the Qawia district east of Tajoura, became the target of a deadly assault. The Rahbat Aldrou Brigade, an affiliate of the targeted forces, confirmed the attack. In the ensuing chaos, five combatants met their untimely demise, one of whom was a member of the Rahbat Aldrou. In response to the attack, the Rahbat Aldrou Brigade promptly deployed their units to the brigade’s primary headquarters, highlighting the urgency and severity of the situation. Broader Context: Libya’s Ongoing StrugglesWhile the assault on the 51 Brigade headquarters symbolizes the ongoing violence in the region, it is just one event in a series of distressing developments that have been unfolding in Libya.
Source:Libya Today
January 02, 2024 14:41 UTC