Economy Floods wipe out quarter of Libyan city as death toll passes 5,000 Thousands of people were killed and at least 10,000 were missing in Libya in floods caused by a huge Mediterranean storm that burst dams, swept away buildings and wiped out as much as a quarter of the eastern coastal city of Derna. A senior medic in Derna told Reuters that more than 2,000 people were dead, while […] September 13, 2023
Energy Libya reopens oil ports after hurricane and flooding fears Libya’s four main oil export terminals reopened on Tuesday after being forced to close last week as a result of a hurricane and floods in eastern parts of the country, according to news agencies. The ports of Brega, Es Sider, Ras Lamuf and Zueitina had been closed since September 9 as a precautionary measure. Libya’s […] September 12, 2023
Video length: 03:19 VIDEO Employment 60% of young Arabs want to emigrate, survey finds High unemployment rates, conflict and lack of strong government policies in North Africa and the Levant are making young Arabs want to emigrate, the latest edition of the Arab Youth Survey has found. At 26 percent, the region has the highest unemployment rate in the world. As a result, 60 percent of young Arabs want […] July 19, 2023
Energy Russia’s Tatneft makes new oil discovery in Libya Russia’s Tatneft has made a new oil discovery with a 1,870 barrel per day capacity in Libya’s Ghadames basin, Libya’s National Oil Corporation (Noc) said in a statement on Wednesday. Noc said the well was the third discovery for Tatneft in the area known as area 82 block 4. Tatneft has an interest of 10.5 […] May 11, 2023
Analysis Energy Europe looks to a divided Libya to ease energy crisis Italian oil major Eni’s $8 billion deal to develop two new gas fields in Libya is the biggest since the overthrow of veteran ruler Muammar Gaddafi. It also marks the latest attempt by European energy companies to secure new supplies for the continent in North Africa. Last year Eni struck an agreement to increase gas […] February 10, 2023
Opinion Economy Jon Hancock: Economic recovery in Libya lies with its entrepreneurs While Libya's political and social challenges will continue in 2023, economic progress is possible if we acknowledge commercial opportunities driven by Libyan entrepreneurs December 29, 2022
Energy Alpha Dhabi deal to shape future of energy in Libya Alpha Dhabi subsidiary W Solar agrees long-term renewable energy partnership with General Electricity Company of Libya June 29, 2022
Insight Food & Drink Ukraine war drives Gulf to double down on food security As the war in Ukraine has pushed up food prices and disrupted supply chains, hard-hit Mena countries explore ways to protect themselves In Abu Dhabi clusters of fresh tomatoes are growing inside rows of climate-controlled greenhouses in the middle of the desert – just one example of the lengths the arid region must go to […] May 12, 2022
Energy Oil will cushion Middle East from economic impact of Ukraine war The war in Ukraine will sharply reduce economic growth in the Central Asian region in 2022, but higher oil prices will partly cushion the blow for the Middle East and North Africa, the International Monetary Fund said on Wednesday. Both regions, however, will feel the impact of surging commodity prices, the IMF said, warning higher […] April 29, 2022
