Libya

US Secretary of State Condoleezza Rice visited Libya as part of a tour of North Africa in early September. The visit, and her meeting with Libyan leader Muammar Qadhafi, marked another... 2008-09-26

We are forecasting a slight depreciation in the Libyan dinar over the next two years, in line with our view that the dollar will continue to recover from its recent lows (although... 2008-09-26

Libya is in an enviable fiscal position thanks to record hydrocarbons sales. However, energy revenues are set to fall from 2009 while radical wealth distribution plans pose upside... 2008-09-25

In a surprise move, Seif al-Islam Qadhafi has announced his withdrawal from Libyan political life. Islam, the son of leader Muammar Qadhafi, holds no official title but has been a... 2008-08-21

Libya has blocked oil shipments to Switzerland in retaliation for the arrest of Colonel Qadhafi's son, Hannibal Qadhafi, on charges of assault. He was held by police in Geneva for... 2008-07-25

The International Criminal Court (ICC)'s indictment of Sudan's president for alleged war crimes offers Libya an opportunity to wield its regional influence. Despite its rapprochement... 2008-07-23

A deal with Ukraine should secure Libya's future wheat supplies, reducing its exposure to global food shortages. In return, Ukraine will regain access to oil concessions.

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