The recent economic recovery has been short-lived, stalled in early 2019 by the most serious political crisis facing Libya since 2011. The outbreak of the war around Tripoli in April 2019 prevented Libya from continuing its strong economic expansion. Indeed, after its deep recession over 2013-16, driven by limited oilRead More →
Rome – Globally deforestation continues, albeit at a slower rate, with 10 million hectares a year being converted to other uses since 2015, down from 12 million hectares a year in the previous five years, according to the key findings of a flagship report that is conducted by the FoodRead More →
TRIPOLI— Libya’s National Oil Corporation (NOC) said that the suspension of oil exports after the closure of oil fields and ports has caused a loss of more than 3.6 billion U.S. dollars so far. “The current levels of production are 96,702 barrels a day. Forced restriction of production has resultedRead More →
BEIJING – China’s exports fell by double digits in January and February as anti-virus controls closed factories, while imports sank by a smaller margin.Exports tumbled 17.2% from a year earlier to $292.4 billion, a sharp reverse from December’s 7.8% ri…Read More →
Libya’s Finance Minister Faraj Bumatari said on Tuesday the Tripoli-based government has reduced its 2020 spending plan to 40 billion dinars ($28.5 billion) because of the blockade of oil ports.He added in a news conference broadcast live on television…Read More →
TRIPOLI Libya’s revenues are bleeding from a protracted blockade on oil exports.The National Oil Corporation said losses from the shutdown of major oil fields and terminals had surpassed $2bn on Tuesday.Oil production became the latest victim of a bitt…Read More →
WASHINGTON The World Bank Group released a new strategy for assisting people and economies in countries affected by Fragility Conflict and Violence (FCV). The strategy updates Bank policies improves on its expertise and diversifies the financing tools …Read More →
TRIPOLI – On 9 and 10 February, 28 Libyan economic experts gathered in Cairo for the second round of talks of the Libyan Economic and Financial Track, one of the three intra-Libyan tracks UNSMIL is organizing – along with the military and political tra…Read More →
STORY HIGHLIGHTS Rising spatial disparities from cities that are sprawling and fragmented are creating leading and lagging regions in the Middle East and North Africa (MENA). Differences in living standards across sub-national regions in MENA con…Read More →
Tripoli-The National Oil Company has said that losses incurred from closure of oil fields and terminals have exceeded $931 million. Oil production has plunged to 187.337 bpd as a result of the closure, it said. In a statement it issued on repercussions…Read More →