Libya

Libya has reportedly secured an agreement from the UK for the repatriation of the man convicted of the Lockerbie bombing. Abdel Basset al-Megrahi is currently being held in the UK,... 2009-05-01

Despite the drop off in oil revenues in the second half of 2008, Libya's foreign exchange reserves continued to grow, reaching US$92.3bn by the end of the year (up 16.3% y-o-y). However,... 2009-05-01

Robust economic growth and a slew of new construction projects will encourage immigration to Libya over the coming years. Whereas migrants from sub-Saharan Africa previously saw Libya... 2009-05-01

At a time when many oil producing states are shedding foreign workers, Libya has announced that it will recruit thousands of new workers from Bangladesh in 2009. The workers are required... 2009-03-27

Despite the recent small bounce in oil prices, we are currently sticking with our average 2009 forecast of US$39.50/bbl. With oil accounting for the bulk of Libya's export revenues,... 2009-03-27

The Libya Investment Authority is set to become more prominent among oil-rich sovereign wealth funds, as it seeks to take advantage of the current global downturn to snap up foreign... 2009-03-26

The forthcoming release of political prisoners appears to suggest reconciliation between the government and the Islamist groups that fought against it in the 1990s. This underscores... 2009-03-13

After an absence of several decades, foreign newspapers are reportedly returning to Libya. Representatives from private media distributors have announced plans to import a range of... 2009-02-27

We are forecasting a marginal increase in GDP per capita to US$10,331 in 2009, from an estimated US$10,046. However, the perception of personal wealth among consumers could increase... 2009-02-27

Plans to abolish Libya's ministries and distribute oil wealth directly to the people are being pushed ahead. Many questions remain unanswered as to how this change will be effected... 2009-02-24