The Arabist

The Arabist

By Issandr El Amrani and friends.

Economist on Libya

A nice overview on how surprisingly little has changed in Libya in the three years since Qadhafi abandoned his nuke program:

Yet despite having accumulated a foreign-exchange hoard worth $45 billion on annual oil sales now running at $20 billion, Libya has much the same drab, shambolic air as when diplomatic isolation, trade sanctions and centrally planned socialism prevailed. With 5.7m people, it has just one world-class hotel and only 20 cashpoint machines. No road signs, even in Arabic, show the way to Leptis Magna, a ruined Roman seaport that is but one of many ancient sites whose scale and magnificence point to a past more glorious than the present. “I met a guy who spent 15 years abroad, and he said he recognised the same potholes as when he left,” chuckles a Tripoli taxi driver, snarled in one of the rubbish-strewn capital's daily jams.