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September 20, 2018

JPMorgan faces $6 million bribe allegation from Libyan oil fund

The Libyan Investment Authority sued JPMorgan Chase & Co. in London, saying the lender paid more than $6 million in bribes to secure a $200 million bond deal.

JPMorgan’s Bear Stearns sent the payments to"...

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September 20, 2018

NOC expresses satisfaction on new economic recommendations of Security Council

The National Oil Corporation (NOC) has welcomed the report of UN Panel of Experts on Libya.

In its statement, the NOC stated its full support for the panel's recommendations on the need to end what it described"...

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September 20, 2018

Foreign Minister discusses bilateral relations with Spanish counterpart in Madrid

The Foreign Minister of the Presidential Council (PC) Mohammed Sayala expressed Libya's aspiration to push forward the bilateral relations with Spain to return to its former state on all levels.

In a joint press"...

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September 20, 2018

Libya government moves to consolidate fragile calm

As new security arrangements were put into place in Tripoli this week in order to curb the threat by militia groups to sovereign institutions in the capital, the Presidency Council of Libya’s Government of National Accord (GNA) endorsed a package of economic reform measures designed"...

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September 20, 2018

Norway Officials Admit They Knew Nothing About Libya But Joined Regime Change Efforts Anyway

A new official report produced by the Norwegian government illustrates the continuing absurdity of NATO expansion and foreign adventurism in places very far away from the 'North Atlantic' explicit in the name North Atlantic Treaty Organization — places like Afghanistan, Libya,"...

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September 20, 2018

Salame discusses latest developments in Libya with Misrata delegation

The United Nations Special Envoy to Libya Ghassan Salame received Tuesday a delegation from Misrata Municipality at his office in Tripoli.

The meeting discussed the latest developments in Libya, including the economic"...

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September 20, 2018

Libya resumes crude oil exports to US

Libya resumed crude oil exports to the United States in September after a halt last month amid earlier port closures, Reuters data showed Monday.

According to the data, four tankers carrying a total of 2.1 million"...

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September 20, 2018

180% tax tapped on Libyan Dinar-US Dollar bank transactions

The Presidential Council (PC) issued a statement imposing 183% fees on the foreign currency transactions at the banks.

The new order sees 1 dollar becoming worth 3.90 Libyan dinars. Before the decision, $1 was worth"...

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September 20, 2018

Libya imposes fee on hard currency transactions to bridge black market gap

Libya’s internationally recognized government on Wednesday imposed a fee of 183 percent on any hard currency transactions, effectively devaluing the Libyan dinar to bridge the gap to the dominating black market.

If"...

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September 20, 2018

Why are refugees being sent back to war-torn Libya?

Trapped in Libya Journalist Sally Hayden has for almost three weeks been tweeting a remarkable thread of her WhatsApp conversations with refugees detained in terrible conditions in Libya. She has included supplemental reporting and audio and video clips from the refugees, and confirmed their stories with sources on the ground. What has emerged is a darkly compelling, movingly told account of what is happening in one of the most difficult places in the world from which to report. Many of the people Hayden is in contact with were returned......

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