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Libya

Capital: Tripoli ; GDP growth (annual %) 2015 : -24.0%

OPEC raises forecasts for global oil demand

OPEC boosted estimates of request for its crude this year and next amid stronger-than-expected fuel consumption and a weaker outlook for rival supply.

The Organization of Petroleum Exporting Nations raised forecasts for the all it needs to supply in 2017 and 2018 by about 200,000 barrels a day for each year, according to a statement from its secretariat in Vienna. Still, a rebound in Libyan production pushed the group’s output last month to the highest this year, undermining its plan to rebalance oversupplied world markets.
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Africa’s economic growth in 2016 was driven by East Africa

While the continent’s major economies were hit by the fall in commodity prices in 2016, Africa retained its position as the second-fastest growing continent globally recording an average of 2.2% GDP increase, behind only South Asia, according to the African Development Bank Group (AfDB).

Much of Africa’s increase in 2016, AfDB says, was driven by East Africa where several nations recorded “strong performances.” In general, of the continent’s sub-regions, East Africa posted the highest increase rate with 5.3%, led by Ethiopia.
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Africa property offers rich pickings for the brave

Some property pundits believe there are major opportunities for investors or companies on the continent.

While most pundits will acknowledge that the saying “Africa is not for sissies” rings authentic at the same time as it comes to property investment , some commentators believe that there are major opportunities for investors on the continent.
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Key Facts: Full name: Libya
Population: 6.4 million (UN, 2011)
Area: 1.77 million sq km (685,524 sq miles)
Major language: Arabic
Major religion: Islam
Life expectancy: 73 years (men), 78 years (women) (UN)
Monetary unit: 1 Libyan dinar (LD) = 1,000 dirhams
Main exports: Crude oil, petroleum products, natural gas
GNI per capita: US $12,320 (World Bank, 2009)
Internet domain: .ly
International dialling code: +218

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Africa's Relationship With China Is Ancient History
2017/07/02
In 2002 South Africa's Parliament unveiled a digital reproduction of a map - of China, the Middle East and Africa - that some speculated could be the initial map of the African continent. The Da Ming Hun Yi Tu - the Comprehensive Map of the Great Ming Empire - was drawn up around 1389 during the Ming Dynasty, according to historian Hyunhee Park.

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Climate change laws around the world
2017/05/14
There has been a 20-fold increase in the number of global climate change laws since 1997, according to the most comprehensive database of relevant policy and legislation.

The database, produced by the Grantham Research Institute on Climate Change and the Environment and the Sabin Center on Climate Change Law, includes more than 1,200 relevant policies across 164 countries, which account for 95% of global greenhouse gas emissions.

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Africa: Making Things Happen at the Bank - 'Not a Talk Shop' - Akin Adesina
2017/07/02
Dr. Akinwumi Adesina is focusing on five areas to achieve the African and world goals for a prosperous continent since becoming president of the African Development Bank - Africa's major public financial institution in September 2015. He was a keynote speaker at this month's Corporate Council on Africa's U.S.- Africa Business Summit in Washington D.C. and moderated a lively panel with five African government ministers. He as well received the Gene White Lifetime Succcess Award from the World Child Nutrition Foundation. This week, he was named the 2017 recipient of the World Food Prize, a prestigious honor that includes a $250,000 award. In an interview in Washington, DC, Adesina discussed the Development Bank's ambitious schedule and his vision for attracting the increase capital Africa needs. Posting questions for AllAfrica was Noluthando Crockett-Ntonga.

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Lydia Lariba Bawa, Commissioner, National Insurance Commission (NIC), on strengthening and expanding the market
2017/01/14
To what extent is consolidation needed in the country’s insurance sector?

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Florian Westphal is the chief of the German section of Doctors Without Borders
2015/08/07
The 28-country European Union has told member states that expressing regret over the new migrant tragedy was no substitute for action. Some 200 migrants were feared drowned at the same time as their vessel sank off the Libyan coast.

One NGO helping to save shipwrecked migrants in the Mediterranean Sea is the medical charity Doctors Without Borders. DW has been talking to the chief of their German section, Florian Westphal.

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President : Mohamed Yousef el-Magariaf
2012/12/19
Mohamed Yousef el-Magariaf is a Libyan politician who has been President of the General National Congress of Libya since August 2012. In this role, he is Libya's de facto head of state.He is the leader of the National Front Party, which won three seats in the 2012 election, and he was previously well known for having founded and been the first leader of the National Front for the Salvation of Libya against regime of Muammar Gaddafi

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Outlook for 2013-17
2013/10/12
The country (Libya)It has borders with Algeria for 982km, Egypt for 1115km, Niger for 354km, Sudan for 383km, Chad for 1055km and Tunisia for 459km.
It is situated in Northern Africa, bordering the Mediterranean Sea, between Egypt and Tunisia.
Land in Libya is mostly barren, flat to undulating plains, plateaus, depressions. Libyan land covers an area of 175 9540 km². The climate is Mediterranean along coast; dry, extreme desert interior. Libyan(s) speak Arabic, Italian, English, all are widely understood in the major cities.

OVERVIEW

Political instability will remain high owing to social unrest across the country, particularly in the long-neglected eastern region. Disagreement between liberal and conservative forces, namely the Muslim Brotherhood, has paralysed the coalition government and left it unable to confront the deteriorating security situation. A full parliamentary election is scheduled to take place a year next a new constitution has been approved in a referendum, but, given that a constitution is from presently on to be drafted, the original

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