National Oil Corporation (NOC) confirms that it was forced to shut down the Zawiya refinery on Saturday, February 8, 2020 as a result of a valve closure in the Hamada region, on the main pipeline between Sharara field and Zawiya refinery, halting production at the field. The refinery shutdown will exacerbate the…

Member of the economic committee in the House of Representatives in Tripoli, Mohamed Raied, claimed that the Libyan African Investment Company managed to achieve profits and exceeded its previous losses. In a statement to “Sada”, Raied emphasized that the company achieved good profits by restructuring and discar…

Today, the dollar held gains after job market data provided the latest sign of U.S economic strength. For instance, it was stable at 4.26. As far as the Australian dollar is concerned, it touched a fresh decade-low of $0.6657 in early trade, and last stood at $0.6680. The euro rose to 4.63 after recording …

Today, gold rose to a near one-week high as mounting concerns about the impact from China’s coronavirus lifted the appeal of safe-haven assets, after the number of casualties exceeded 900. Spot gold rose 0.2% to $1,572.86 per ounce by 10:53 GMT, having hit its highest since February 4 at $1,576.21 earlier in the…