The Presidential Council of the Government of National Accord allocated one billion dinars to the Defense Ministry to be cut from the 2020 extraordinary financial arrangements. The billion dinars will be spent as follows: half a million dinars for urgent security equipment, 300 million to support the military an…

Today, the dollar rose 0.1% to 98.01, its highest level since early December and taking its gains so far to 1.7%. “The market is taking a step back from the selloff earlier due to the virus concerns though the dollar is unlikely to weaken substantially as there is safe-haven demand for the greenback,” announced…

Oil futures are set for a sixth day of losses as the death toll from a virus in China rose, but the heavy sell-off of recent sessions was curbed by output outages in Libya and OPEC comments designed to calm demand fears. Brent crude LCOc1 was down 51 cents at $58.81 a barrel at 09:25 GMT, hitting a three-month …

Quoting Anadolu agency, Libya’s GNA announced that ,today, it downed an armed drone belonging to the United Arab Emirates. The forces of the GNA claimed in a statement that the armed drone was hit by ground defense systems over the city of Misurata. With photos of the drone, the statement clarified that the d…