Exclusive images of the damage caused by the battle for Tripoli Airport
Airlines maybe moaning about the rising costs of maintenance, but spare a thought for the ...
Photo: Misrata Free Zone
Libya’s ports are lying almost idle after dockers have moved out to the front line to fight Islamic State.
Libya’s busiest, Misrata, is home to the country’s only free-trade zone. Three years ago, the horizon was dotted with anchored cargo vessels waiting to dock, today, ships can steam straight in to unload and container throughput has dropped 33% since 2015.
“It’s a huge decrease and we are really feeling it,” Jamal El-Ghirani, general investment manager of Misrata Free Zone (MFZ), told The Loadstar.
“Every year since the revolution, things seem to have ...
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Roderick Trivett
August 26, 2016 at 6:14 amA European trader said he believed Libya still had enough funds to pay for food imports, but corruption and confusion were making it impossible to strike big deals. “I think the problems are with the governmental chaos and the rising corruption this is in turn creating rather than lack of money. I think money is available but the government is hardly functioning in some regions and cannot pay it out.