Ten years ago Chenab Limited defaulted on its loans. Now it looks towards second act
And now the bank is spearheading the restructuring of the company’s Rs 10 billion overdue debt to the banking sector. The company started off by producing textile goods for the local market. As the case proceedings started, Latif still felt that his dream should not die. 9.5 billion debt was restructured for a period of 14 years. 1.7 billion was held by Habib bank followed by United bank held Rs 1.3 billion, Bank of Punjab held Rs.
Source:Libya Today
December 04, 2023 04:33 UTC
Strange yellow glass found in Libyan desert may have formed from lost meteor impact
It was first described in a scientific paper in 1933 and is known as Libyan desert glass. But none are as rich in silica as Libyan desert glass, nor are they found in such large lumps and quantities. One polymorph of ZrO2 that we observed in Libyan desert glass is called cubic zirconia – the kind seen in some jewellery as a synthetic replacement for diamonds. Such pressure and temperature conditions provided us with the proof for the meteorite impact origin of the glass. They are too far and too small to be considered the parental craters for such massive amounts of impact glass, all concentrated in one spot.
Source:Libya Today
December 03, 2023 16:18 UTC
263 more Bangladeshi migrants to return home from Libya on Dec 5
A total of 263 more undocumented Bangladeshi migrants, who were detained at a detention centre in the Libyan capital of Tripoli, will be repatriated to Bangladesh on December 5. Earlier, 143 and 110 Bangladeshi nationals returned here from Libya on November 28 and 30 respectively under the same process by chartered flight of Buraq Air. The Bangladeshi undocumented migrants were detained at the Ainjera detention centre in Tripoli. On behalf of the IOM, each one got Taka 5,896 as pocket money and food items. The efforts of the foreign ministry to repatriate irregular Bangladeshi from Libya will be continued, Alam said.
Source:Libya Today
December 03, 2023 15:51 UTC
Municipality of Benina Acting Head and Acting Financial Controller detained pending trial for misappropriating LD 214,000
The Attorney General’s Office reported Thursday that the Acting Chairman of the Municipality of Benina and the Acting Financial Controller of the Municipality were detained pending trial for misappropriating LD 214,900 of municipality funds. The two are accused of deviation in the work of the Executive Council and of misappropriating public funds by deliberately falsifying data related to disbursing salaries to people who did not work in the municipality. They spent LD 214, 900 as rewards to people who do not hold public office. Thus, the investigator ended up ordering their detention pending the case.
Source:Libya Today
December 03, 2023 13:27 UTC
The 2023-24 tree planting season launched to activate the 100 million trees by 2030 initiative
The 2023-24 Libyan tree planting season was launched on Friday in northwestern Libya, the Libyan Environment and Climate Organisation announced. The annual drive comes as part of the initiative to plant 100 million trees across the country by 2030. The tree planting initiative comes within the two cooperation agreements between the Libyan Environment and Climate Organization and the Permanent Committee for Sustainable Development and secondly with the General Administration of Environmental Sanitation Affairs. The launch of the initiative to plant 100 million trees by 2030 was adopted by the Permanent Committee for Sustainable Development. Tree-planting campaign launched in Sirte (libyaherald.com)
Source:Libya Today
December 03, 2023 11:19 UTC
Malta should do the right thing and drop the charges against the El Hiblu 3
Malta should do the right thing and drop the charges against the El Hiblu 3It is astonishing in a twisted way that a government that has championed civil rights so assiduously over the past 10 years is perpetrating such an injustice against three young men. This is nothing short of a bullying tactic against the most vulnerable of individuals
Source:Libya Today
December 03, 2023 05:47 UTC
WHO to work with Libyan authorities against AIDS
TRIPOLI, Dec. 2 (Xinhua) -- Ahmed Zouiten, representative and head of mission of the World Health Organization (WHO) in Libya, confirmed on Saturday that WHO plans to work with the Libyan health authorities to fight against AIDS. Zouiten made his remarks during an event to mark World AIDS Day held in the Libyan capital Tripoli, with the participation of representatives of Libyan health authorities as well as several civil and international organizations. "Today, we renew our determination to work hand in hand with the ministry to reach all of our goals, including early detection and treatment, as well as health follow-up (of AIDS)," Zouiten said. "Next year, there will be tremendous work on this issue and we will reach the desired goals," Zouiten added. Due to years of armed conflict and political instability, Libyan authorities have been struggling to provide basic services for the people, including healthcare and education.
Source:Libya Today
December 02, 2023 22:20 UTC
50 oil and gas companies pledge to cut operational emissions
DUBAI: Fifty oil and gas companies representing 40% of global production pledged to decarbonise their operations by 2050 at the UN’s COP28 climate talks in Dubai today. “Whilst many national oil companies have adopted net-zero 2050 targets for the first time, I know that they and others, can and need to do more,” Jaber said. Unlike the Western oil majors, which are intensely scrutinised by the public, few large national oil companies had announced such targets. PetroChina and Brazil’s Petrobras also signed up to the new accord, named the Oil and Gas Decarbonization Charter. The National Oil Company of Libya, Malaysia’s Petronas and Sonangol of Angola were also among the signatories, along with France’s TotalEnergies, US firm ExxonMobil, and Britain’s BP and Shell.
Source:Libya Today
December 02, 2023 13:30 UTC
Libya frees four Hamas members held since 2016: media
Inaugurated in 2016, it was still among the newest projects in the Gaza Strip, the housing complex in the city of Khan Yunis boasting an impressive mosque, shops and gardens. On Saturday it happened again, a day after a Qatar-brokered pause in the current war between Israel and Hamas expired. The Hamas-led Gaza Strip government says Israel’s campaign has killed more than 15,000 people, also mostly civilians, since it was launched eight weeks ago. Mohammed Foura, 21, already displaced once from Gaza City, told AFP that half an hour before the strike he had been warned by other residents to flee. “They told us ‘Gaza City is a war zone’, now it’s Khan Yunis,” he said.
Source:Libya Today
December 02, 2023 13:26 UTC
Top world leaders talk of climate crisis at UN summit. They say they must act on fossil fuels, war
Top world leaders talk of climate crisis at UN summit. They say they must act on fossil fuels, warDozens of world leaders said they know the planet’s dangerously overheating and they are trying to keep it from getting worse
Source:Libya Today
December 01, 2023 14:48 UTC
Libya : Washington renews efforts to demobilise Libyan militias
Africa Intelligence uses cookies to provide reliable and secure features, measure and analyse website traffic and provide support to the website users. Apart from those essential for the proper operation of the website, you can choose which cookies you accept to have stored on your device. Either “Accept and close” to agree to all cookies or go to “Manage cookies” to review your options. You can change these settings at any time by going to our Cookie management page.
Source:Libya Today
December 01, 2023 07:39 UTC
Turkish parliament approves motion to extend mandate of troops in Libya for 24 months
A Turkish presidential motion to extend the authorization for the deployment of Turkish troops to Libya for another 24 months was approved Thursday by parliament. The motion, which was submitted to parliament last Friday, extends the mandate of Turkish troops beginning Jan. 2. "The risks and threats arising from Libya persist for Türkiye and the entire region. "Preventing the resumption of conflicts holds significance to ensure the conclusion of military and political negotiations conducted under the auspices of the UN,” it added. Libya has been torn by civil war and instability since the ouster of longtime ruler Muammar Gaddafi in 2011.
Source:Libya Today
December 01, 2023 06:50 UTC
Canadian men fall three places to No. 48 in latest FIFA world rankings
Just outside the top 10, Uruguay vaulted four spots to No. Mexico slipped two places to No. Canada remains fourth in CONCACAF, which covers North and Central America and the Caribbean, behind the U.S., Mexico and No. 41 Panama, which was the only team among the top five in the region not to lose ground. —Follow @NeilMDavidson on X platform, formerly known as TwitterThis report by The Canadian Press was first published Nov. 30, 2023Neil Davidson, The Canadian Press
Source:Libya Today
December 01, 2023 02:57 UTC
Minister of Oil discusses return of Chinese companies with Chinese Chargé d’Affaires
The Tripoli based Libyan Minister of Oil and Gas, Mohamed Aoun, received at the Ministry’s Tripoli headquarters Wednesday, the Chinese Chargé d’Affaires in Libya. The meeting was attended by the Director General of Technical Affairs, the Technical Advisor to the Minister, the Director of the International Cooperation Office, and the Director of the Minister’s office. This is especially since China is one of the major industrial countries in the world and has a strong economy, advanced technologies, an advanced country in the field of oil and gas, and it has large oil companies that have contributed to the establishment of many oil projects. NOC will hold international tender for exploration in 2024Al-Tarhouni confirmed that the Minister of Oil had asked the Chinese Chargé d’Affaires to invite various Chinese companies to return to Libya, especially oil companies, to participate in the exploration public tender that the National Oil Corporation will conduct next year open to international companies. China has delayed its return to Libya despite positive factorsAt the conclusion of the meeting, the Minister of Oil and Gas, Mohamed Aoun, indicated to the Chargé d’Affaires China’s delay in returning to Libya.
Source:Libya Today
December 01, 2023 02:02 UTC
Niger law repeal threatens Tunisia and Libya with wave of illegal migration
Following the European Union's sanctions notice, Niger has opted to repeal a law sanctioning illegal border crossings, and a major surge in migration flows is expected, with the focus on Tunisia and Libya. The Prime Minister's spokesman, Ali Al-Amin Zein, announced that the leader of the military junta, Abderrahmane Tiani, had repealed this law. REUTERS/JOE PENNEY - Nigerian migrants, travelling north towards Libya, ride on top of a truck in AgadezAlgeria is precisely one of the countries that motivated the 2015 law sanctioning illegal migrants. It should not be forgotten that Libya currently hosts more than 700,000 illegal migrants, according to the International Organisation for Migration. And there is every indication that the repeal of the 2015 law will cause these numbers to grow exponentially.
Source:Libya Today
November 30, 2023 21:33 UTC