Libya

North Africa has proved resilient in 2009, largely escaping recession. Next year offers an improved outlook, driven largely by a pick-up in demand for exports. For Libya and Algeria,... 2009-08-27

After almost 40 years in power, Libyan leader Muammar Qadhafi shows no sign of slowing down. The last few years have seen a fundamental realignment in Libyan foreign policy, which... 2009-08-11

Inflation plummeted in Libya in the second quarter, dropping from 5.9% y-o-y in March to 1.0% y-o-y in June. We are forecasting an end-year rate of 2.5% y-o-y, which would put Libya... 2009-07-23

GDP growth will slip close to zero this year, with high government spending mainly responsible for keeping Libya out of recession. Oil production is forecast to fall in 2009, acting... 2009-07-22

July saw Libyan leader Muammar Qadhafi attend the G8 summit in Italy, where he met US President Barack Obama and held a private meeting with UK Prime Minister Gordon Brown. Qadhafi... 2009-07-22

June saw Libyan leader Muammar Qadhafi make a historic trip to Italy, Libya's former colonial ruler, for the first time since Qadhafi seized power in 1969. The three day trip was... 2009-06-29

At the time of writing, the OPEC Basket was trading at US$68.00/bbl. We are forecasting an average price of US$52.00/bbl for 2009 as a whole; together with an expected contraction... 2009-06-29

Oil prices are on the rise, with the OPEC Basket trading at US$66.35/bbl at the time of writing. We have raised our average 2009 forecast to US$52.00/bbl; low prices during the first... 2009-06-02

The banking sector could be the next target for foreign investment in Libya. New rules open the way for investment in local banks, with licences for foreign bank subsidiaries potentially... 2009-06-02

Libya has struck an agreement with Ukraine to grow wheat on 100,000 hectares of land and export it back to North Africa. In return, Libya will invest in several other agriculture... 2009-06-02