Libya

High oil prices have given Libya the upper hand in its relations with international oil companies (IOCs). Despite a revision of their contract terms, IOCs will continue to invest... 2008-06-25

Libya has slammed plans by the European Union (EU) for a pan-Mediterranean political and economic sphere. The so-called Union for the Mediterranean is to be officially launched in... 2008-06-24

We are forecasting further depreciation in the value of the Libyan dinar during the second half of 2008, to LYD1.25/US$, down from a current level of LYD1.19/US$. The dinar is pegged... 2008-06-24

Negotiations between Libya and the US to reach a final compensation deal for the victims of Libyan-sponsored terrorist attacks continue, signalling a strong will on both sides to... 2008-06-03

We are forecasting real GDP growth of 7.0% in 2008, on the back of record oil prices, investment in infrastructure projects and the growing participation of foreign businesses in... 2008-06-03

Foreign interest in the Libyan banking sector is growing, although for now, commercial banks account for a tiny proportion of banking activity and private firms' access to credit... 2008-06-03

As the official launch of the Union for the Mediterranean draws closer, we reiterate our view that the Arab-Israeli conflict will hinder any meaningful political integration, although... 2008-05-29