I have searched for hours however I still have no clue what is wrong with my configuration.
My project uses a self-written libray (myLib). This library is compiled to work
You need to add both .a files,the one built for the device (build/$config-iphoneos)and the one built for the sim (build/$config-iphonesimulator) to the new project. Make sure you name them differently before dropping them in. This is how admob and similar offering ship their static libs.