Libya #39;s armed factions clash in Benghazi
Fresh fighting erupted in Benghazi, the cradle of the 2011 uprising, pitting the army and other fighters against Islamists in Libya. Deborah Lutterbeck reports. Subscribe: http://smarturl.it/reute...
By: Reuters
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Libya's armed factions clash in Benghazi - Video
More Heavy Fighting In Libya #39;s Benghazi, Death Toll Rises To 130 - TOI
More Heavy Fighting In Libya #39;s Benghazi, Death Toll Rises To 130 Military officials said heavy fighting flared on Sunday between Libya #39;s army and Islamist mi...
By: The Times of India
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More Heavy Fighting In Libya's Benghazi, Death Toll Rises To 130 - TOI - Video
Adele Song " Someone Like You " - Motasem Bakoush - Libya .
SINGER : MOTASEM BAKOUSH (LIBYA) - LYRICS : LESLIE BRICUSSE - COMPOSER : FRANK WILDHORN - MUSIC ARRANGEMENT : LITTLE TRANSCRIBER - SOUND ENGINEER : MOHAMED ...
By: Motasem Bakoush
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Adele Song " Someone Like You " - Motasem Bakoush - Libya . - Video
People Of Libya On The Verge Of Capturing Oilfields, Central Bankers Making Their Move - Episode 503
Get economic collapse news throughout the day visit http://x22report.com More news visit http://thepeoplesnewz.com Report date: 10.28.2014 Consumer confidence surged on the hope incomes will...
By: X22Report
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People Of Libya On The Verge Of Capturing Oilfields, Central Bankers Making Their Move - Episode 503 - Video
Bernardino, a Spanish diplomat who took up the post in August, has repeatedly called on both sides to agree to a ceasefire.
Despite the persistent fighting in the war-torn country and two rival governments jostling for control, oil production has recovered to 800,000 barrels per day from just 200,000 b/d earlier in the year.
The internationally recognized government under Prime Minister Abdullah Al-Thinni lost control of the capital Tripoli in August, and has taken refuge since in the Eastern city of Bayda.
Read More'Keep us out of civil war': Libya's central bank
On the ground, there was little sign of rapprochement as the rival political leaderships clash over who should govern.This week the Al-Thinni government vowed to set up a new state news agency after its original one, LANA, was taken over by the rebel authorities.
Despite a recovery in oil production, and ambitious output targets of 1.5 million b/d by year-end, concerns about future disruptions loom large.
"There are, however, nagging doubts over the sustainability of Libya's recovery because the country's political situation remains extremely unstable," the International Energy Agency warned in its Oil Market Report for October.
Meanwhile, the International Monetary Fund has also issued a gloomy outlook for the country, forecasting Monday a contraction of 19.8 percent, almost one fifth, in 2014. Some 96 percent of state revenues are derived from oil and gas production.
The report added the authorities would need an oil price of $184 per barrel to balance the budget in 2015, higher than any of its peers in the Middle East and North Africa. A fiscal deficit of 52 percent of gross domestic product was expected for this year.
Read MoreGoldman ordered to pay legal fees to Libyan fund
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Libya near point of no return