Libya News
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Updated 26 minutes ago
On Feb. 24, the U.S., European nations, members of the Arab League and other sympathetic countries making up the newly established “Friends of Syria” group will gather in Tunisia for an emergency meeting on how to stem the bloodshed in Syria. Their deliberations are almost certain to involve calls for more crippling sanctions to bring about regime change and debates over providing military support to the fractured opposition groups inside the country.
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The Libyan Foreign Bank will offer Shariah-compliant products as the government prepares regulation to make Islamic banking the norm in the North African nation following the ouster of Muammar Qaddafi.
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Yemenis voted today in a presidential election that formally ends the 33-year rule of Ali Abdullah Saleh, who becomes the fourth Arab leader to succumb to a popular uprising -- albeit on some of his own terms.
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Oil traded near the highest price in nine months in New York after euro-area finance ministers agreed on a second bailout for Greece.
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China, the biggest buyer of Iranian crude, cut purchases to the lowest level in five months in January even as its total oil imports rose after trading companies in the two nations failed to renew supply contracts.
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Opponents of Syrian President Bashar al-Assad’s rule stepped up their deadly attacks against government officials as the violence of the past 11 months pushes the country toward civil war.
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Libya will create a real-estate fund to help rebuild the country after last year’s war to oust Muammar Qaddafi, said Ahmed Karoud, the general manager of the Libyan Stock Market.
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Opponents of Syrian President Bashar al-Assad’s rule stepped up their deadly attacks against government officials as the violence of the past 11 months pushes the country toward civil war.
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Yemeni Industry and Trade Minister Saadaldeen Talib said the economy shrank at least 5 percent last year and the country must battle its “endemic disease” of corruption to help restore growth following the ouster of President Ali Abdullah Saleh.
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The Libyan Stock Exchange will allow foreign ownership of more than 10 percent and will resume trading by the end of February after an armed rebellion against the regime of Muammar Qaddafi forced it to close, Chairman Ahmed Karoud said.
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