Russian Energy Minister Alexander Novak said on Friday he expected oil production cuts by countries outside of the OPEC+ group to amount to 5 million barrels per day (bpd). “We believe that, in addition to the 10 million barrels (per day), which was undertaken by OPEC+, there would be another 5 million barrels (…

The pandemic sweeping the world will turn global economic growth “sharply negative” in 2020, triggering the worst fallout since the 1930s Great Depression, with only a partial recovery seen in 2021, the head of the International Monetary Fund said. IMF Managing Director Kristalina Georgieva painted a far blea…

Today, the Finance Minister Faraj Boumtari held a meeting in Tripoli with a number of mayors from Southern municipalities. During the meeting, mayors negotiated the issue of the CBL’s suspension of salaries. They also highlighted the billion dinars allocated for the development of the south, according to t…

The number of Coronavirus infections among the Libyan citizens living in Britain rose to 42, including eight critical cases, according to a statement published by the Libyan Embassy in London, and Tripoli based Ministry of Health  The ministry clarified that the confirmed cases rose after three n…