Small businesses are prospering in Libya's major cities even as the economy at large is being throttled because of security problems and industrial action which has shrunk lifeline oil revenues. Its ...

In Libya's frontline city of Sirte, parts of which still lie in ruins, the commission set up to oversee warring rivals' recent ceasefire has put its name on a large downtown conference centre - an ...

WASHINGTON — If Libyan strongman Moammar Gadhafi falls, his nation's ability to return to normal will depend in no small part on who controls its production of oil, which is synonymous with the Libyan ...

This is perhaps the most obvious of the economic issues surrounding the country. Until the country's latest travails, Libya was one of the biggest and most stable oil producers in the world, pumping ...

Some Americans are old enough to remember pulling up to the pump at gas stations advertising fuel in cents per gallon, not dollars. For many Libyans, that's the way it has always been and should ...

TRIPOLI, Libya — Towering above the Libyan capital’s coastline, the sleek silver Marriott Hotel opened three months ago as the latest symbol of the North African nation’s oil-fueled investment boom.

CAIRO (AP) — The oil crisis in Libya is deepening as a blockade of the country’s vital oil fields generated losses of more than $3 billion, the national oil corporation announced late Thursday. The ...

“I have tried to avoid a war of words with the Central Bank of Libya, but things really have crossed all lines,” an exasperated Prime Minister Fayez al-Serraj announced in a public address on April 8.

Libya entered 2021 as a divided nation aspiring for recovery and healing. With intensifying conflict and a blockade of oil terminals and fields, the economy registered one of the worst performances in ...