Libya’s top oil official says all OPEC members should respect their quotas as the oil market was oversupplied as oil drops to close to $100 a barrel from a peak of $147 in July, rekindling worries of price crash.

Libyan leader Muammar Gaddafi warned US Secretary of State Condoleezza Rice during a meeting in Tripoli that American military bases on the African continent would be considered colonialism by Africans and the would be rejected.

Rice hailed meeting with Gaddafi saying it was "very fruitful" despite some difference that could be solved as time passes. Both shared iftar meal and talked about tropical storms heading toward the US.

Al-Qathafi hailed the signing of the Libyan-Italian Treaty of Friendship, Partnership and Cooperation and said it was a significant accomplishment by the two countries that would, after verification, pave the way for further cooperation and a strong relationship between our two countries based on equality and mutual respect.

In an interview on the same BBC2 programme, Saif al-Islam al-Qathafi, chairman of the Al-Qathafi Foundation for Human Rights accused relatives of the Lockerbie victims of being "very greedy" during negotiations over payouts for the deaths of their loved ones.

According to previously unseen CIA cables, a Libyan by the name of Majid Giaka who was central to the CIA's investigation into the Lockerbie bombing exaggerated his importance in Libya's intelligence apparatus and gave little information of value, yet he is still living at the US taxpayers' expense in a witness protection programme.

The British journalist and sister-in-law of former British Prime Minister Tony Blair said Wednesday that Israel is preventing her from leaving the Gaza Strip, more than a week after she entered the territory in defiance of an Israel blockade.

The well known Libyan poet Ali Sodqi Abdulqader died at the late hours of Monday 1 September 2008 at the age of 84 at a Tripoli clinic.

Italcementi said the total value of investment in a project in Libya, a joint venture between the Italian company and Libya to build a new cement plant, is between $550 million and $750 million.

In a press release, the Global Education Studio of RMJM, the international design firm, said it has been selected by the Organisation for the Development of Administrative Centres (ODAC) to design the two new college campuses in Libya. The new campuses, for the 7th of October University at Bani Walid and Al Asmariya University at Zliten, are part of a major expansion of higher education facilities implemented by the Ministry of Education for Libya.

A top IMF official said Wednesday that a tentative agreement with major sovereign wealth funds would "help secure the global environment for effective and beneficial cross-border investing."

Ramadan, the ninth month of the Muslim calendar is eagerly anticipated in Libya as its arrival nears. Called the 'blessed month' and the 'generous month', it is considered to be an interval in which each adult person pauses to take stock of his or her life in general.

The result of the impotence of the Arab world was seen in the stunning defeat of Arab armies in the Middle East in June 1967 during the Arab - Israeli war. Arab illusion of nationalism lay scattered with the burnt out shells of tanks in the Sinai Peninsula.

Italian PM Berlusconi arrives in Libya to sign a deal to partially solve colonial era's dispute between the two countries as Omar Al-Mukhtar's son announces that the Italian PM unwelcome in Benghazi.

On Monday, the first of September, Libya will celebrate 39 years of the September Revolution. Preparations have already taken place to commemorate the event in all cities and towns.

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