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Population: 6.25 mn.
GDP: $49.3 bn.
Debt: n/a

The Central Bank of Libya will struggle to support the national budget as most of its remaining foreign capital reserves are illiquid. Subsidy and salary cuts plus shortages of power and other essentials will provoke greater violence, including jihadist attacks, despite United Nations-brokered peace talks.

news from Libya

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Found 84 articles.

Displaying 1-10 out of 84 results.

Battle for the bureaucrats

A political deal between Tobruk and Tripoli is as distant as ever. Economic collapse may be a bigger threat than the low-level militia violence

Despite their extreme differences, there is still pressure on Libya's rival parliaments in Tripoli and Tobruk to agree a unity government. It comes not from the limited diplomatic ...

More war, more talks

The impact of jihadists claiming allegiance to IS has increased and General Haftar seems set on a military solution

The escalation of violence by 'Islamic State' in Libya over the past month has contributed fresh horror to an already bloody conflict. However, the prospect of IS succeeding in est...


A tale of two cities

Although Islamist forces have the edge in Tripoli, Haftar’s forces are ahead in Benghazi as a new battle is joined over control of oil revenues

The two main political camps are fighting for power in two distinct conflicts, one centred on Tripoli, the other on Benghazi. General Khalifa Haftar's 'Operation Dignity' troops ar...


Parliaments at sea

Egypt and its new ally the UAE join battle against jihadist fighters while two parliaments compete for power on the ground

After Tripoli International Airport fell to Islamist-led forces from Misurata on 23 August, the victors were quick to announce that they would resuscitate the country's former Parl...

Islamists strike back

Unable to take on General Haftar's forces in Benghazi, jihadist militias strike at his allies in Tripoli

Islamist militias aligned with Libya's Muslim Brotherhood have mounted their most serious counter-offensive yet against forces loyal to General Khalifa Belqasim Haftar in a series ...

The centre moves east

The country’s centre of gravity may be moving towards Benghazi but away from the Muslim Brotherhood

It may not be until after the Eid celebrations at the end of Ramadan that Libya's third interim Parliament can appoint an executive. The results of the 25 June elections probably w...

Enter the General

Retired General Khalifa Haftar has taken on the Islamist militias that dominate the east and intends to capture Parliament and seize power

A group of senior officers led by General Khalifa Belqasim Haftar, Chief of Staff under the late Colonel Moammar el Gadaffi, is drawing militias to its banner from across Libya in ...

Libya links worry Wall Street

US prosecutors are scrutinising the methods used to get lucrative Libyan investments and the role of brokers and agents

The United States regulatory authorities are closing in on several cases involving US financial institutions and possible bribes and commissions for the late Colonel Moammer el Gad...

Little leadership and less oil

Ali Zeidan has kept his grip on the premiership but financial pressures, oil blockades and secession threats in the east and south are crowding in

The recent failure of the Muslim Brotherhood-backed Justice and Construction Party (JCP) and its allies to remove Prime Minister Ali Zeidan – whether via a vote of the Genera...

Displaying 1-10 out of 84 results.