Heavy clashes sweep through Libya’s capital, Tripoli

Heavy clashes with heavy and medium weapons were reported by local media sources in Tripoli on Friday morning.According to the sources, clashes are ongoing in Abu Salim, Hadba, Ain Zara, and Bab Benghashir, as well as the airport…

Libya remains exempted from OPEC oil cuts deal

Libya has insisted that it remains exempt from the oil output reduction deal that OPEC today decided to extend by another nine months, to March 2018. According to Libya’s ambassador to Austria, who represented the country at the…

Kik to create its own digital currency, CEO says

Kik Interactive, which created the chat platform Kik, said on Thursday it was launching a crypto-currency or token called Kin that would enable customers to use a whole range of digital services, Reuters reported.Kik is a free chat…

Presidential Council condemns airstrikes on Jufra

The Presidential Council has condemned the brutal airstrikes on Jufra and the destruction of the infrastructure and sending people into panic in Hun, Wadan and Sokna towns.In a statement posted by the Presidential Council's media…

OPEC extends cuts on oil production to March 2018

OPEC decided on Thursday to extend cuts in oil output by nine months to March 2018, OPEC delegates said, as the producer group battles a global glut of crude after seeing prices halve and revenues drop sharply in the past three years,…