Release of 15 Egyptians after they were kidnapped by an armed group.

The Information and Public Investigations Department of the Ajdabiya Security Directorate released 15 Egyptians after raiding a house where they were detained by an armed group.

The Security Directorate said in a statement that an armed group is professional in kidnapping workers and possesses weapons and narcotics that were seized inside its place.

The statement added that four members of the armed group were arrested and referred to authorities after preliminary investigations.

In a video published by the Directorate, one of the kidnapped said that the armed group demanded a ransom of 20,000 Libyan dinars in exchange for their release.

According to the Directorate’s statement, the kidnapped group carried proper documents and procedures, and they came from Egypt legally through Benina Airport.

Source: Libyan News Agency

Libyan Embassy in Tunisia participates in the 60th anniversary of the founding of the Organization of African Unity.

The Chargé d’Affaires of the Libyan Embassy in Tunisia, Mustafa Ben Kadara, and the Libyan diplomatic mission participated in the celebration held by the Tunisian Foreign Ministry on the occasion of the 60th anniversary of the founding of the Organization of African Unity.

The Libyan Embassy in Tunisia participated on the sidelines of this celebration in a number of activities that gave an honorable image of Libyan culture and the convergence of Arab and African cultures.

This celebration of the anniversary of the founding of the organization in most African countries comes to enhance the successes of the organization, African unity, and its commitment to peace, democracy, and economic development.

The celebration, which was held at the headquarters of the Tunisian Ministry of Foreign Affairs, was attended by ambassadors accredited to African countries in Tunisia, its eastern consuls, representatives of Tunisian ministries and economic structures, and a number of African officers in Tunisia.

It is noteworthy that the Organization of African Unity was founded on May 25, 1963, and this anniversary is celebrated in most Arab and African countries.

Source: Libyan News Agency

US-China rapprochement .. successful or early to judge?

US President Joe Biden?’s remarks he made last Sunday, predicting an imminent improvement in relationship with China paved the way for rapprochement between the world?’s biggest economies.

Senior officials at the administration insist Washington wanted to keep lines of communications open with Beijing in order to address thorny issues.

Rapprochement between the US and China will definitely have huge economic and political impacts bilaterally and globally. This will include many files like Taiwan, the Indian and Pacific oceans, Ukraine, Russia, Africa and the Middle East – where both countries have interests.

Biden?’s statement following the G7 summit in Hiroshima, Japan, that relations with China were cold because of what he described as the silly balloon incident, in reference to the Chinese alleged spying balloon spotted in US skies last February. The incident triggered cancellation of Secretary of State Antony Blinker?’s visit to China.

However, the balloon dispute took place amidst two major events that triggered China?’s outrage despite Washington?’s emphasis they did not contradict with the one-China policy. Beijing was angry when former US House of Representative speaker Nancy Pelosi visited Taiwan last year and current speaker Kevin McCarthy received Taiwan president Tsai Ing-wen while on transit in California.

Economically, China banned US chip-maker Micron Technology from conducting domestic projects because of what Beijing labelled as security concerns. The US expressed “serious concerns” and considered China?’s ban inconsistent with Beijing?’s assurance that it was open to businesses and committed to a transparent regime.

That did not discourage both sides from adopting steps towards each other.

Chinese Minister of Commerce Wang Wentao began a visit to the US last Thursday and would be meeting his counterpart Gina Raimondo and US Trade Representative Katherine Tai.

There are, moreover, preparations for possible visits by US Secretary of Treasury Janet Yellen and Raymond to China.

It came a week after Wang met with US National Security Advisor Jake Sullivan in Vienna, Austria, where both men held “candid and objective” discussions over bilateral issues, global and regional security matters like the conflict in Ukraine and Taiwan Strait.

The White House said these activities – are part of ongoing efforts to keep lines of communications open – and manage the competition in a responsible manner, following a meeting between Biden and Chinese President Xi Jinping in Bali, Indonesia, last November.

However, the US remains committed to its national defense strategy.

Assistant Secretary of Defense for Strategies, Plans and Capabilities Mara Carlin said, last Wednesday, that Washington should strengthen its deterrence with China which was the only party with – intention and growing capability to challenge the US in a system way – in the military, economic, technological and diplomatic domains.

The recent political and economic breakthrough may mend US-China relations, but it may also be early to judge how these ties will evolve.

Source: Kuwait News Agency

Specter of deficit can be avoided only by raising debt limit — US Treasury

US Secretary of the Treasury Janet L. Yellen on Friday sent a letter to the Congressional Leadership stressing the need of raising the debt limit by June 5.

“I am writing to follow up on my previous letters regarding the debt limit and to provide additional information regarding the Treasury Department’s ability to continue to finance the operations of the federal government,” Secretary Yellen wrote. “Since January, I have highlighted to you the risk that Treasury would be unable to satisfy all of our obligations by early June if Congress did not raise or suspend the debt limit before that time. “In my letters, I also noted that I would continue to update Congress as more information became available.

“Based on the most recent available data, we now estimate that Treasury will have insufficient resources to satisfy the government’s obligations if Congress has not raised or suspended the debt limit by June 5,” she cautioned.

“Yesterday we used an additional extraordinary measure that Treasury has employed in a number of past debt limit episodes: “We have learned from past debt limit impasses that waiting until the last minute to suspend or increase the debt limit can cause serious harm to business and consumer confidence, raise short-term borrowing costs for taxpayers, and negatively impact the credit rating of the United States. “If Congress fails to increase the debt limit, it would cause severe hardship to American families, harm our global leadership position, and raise questions about our ability to defend our national security interests,” Yellen explained.

“I continue to urge Congress to protect the full faith and credit of the United States by acting as soon as possible,” she added.

Source: Kuwait News Agency

Kuwait crude oil down USD 1.39 to USD 77.68 pb – KPC

The Kuwaiti oil price dropped by USD 1.39 to USD 77.68 pb on Friday against USD 79.07 pb on the previous day, Kuwait Petroleum Corporation (KPC) announced on Saturday.

Comparatively, at international markets, forward Brent crude contracts went up by 69 cents to USD 76.95 pb, and the West Texas Intermediate crude rose by 84 cents to USD 72.67 a barrel.

Source: Kuwait News Agency