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Libya’s central bank reports January-February revenue and expenditure figures amid economic challenges

Libya’s Central Bank has published its financial report for the first two months of 2025, revealing total revenues of 18.256 billion dinars and expenditures exceeding 8.4 billion dinars. The primary source of revenue for the period from January 1 to February 28 was oil sales, which generated 14 billion dinars. Additional income came from oil […]

Economic void left by EU-Morocco trade ties, to be filled by US, Russia and China- Washington Institute paper

The Washington Institute for Near east Policy warned that the EU’s decision to annul fisheries and agriculture deals, will push Rabat to foster commercial ties with the US, Russia, and China. The EU issued a politically-motivated verdict annulling fisheries and agricultural trade deals with Morocco because they included products originating from the Sahara territory. The […]

Libya: Haftar forces free seized vessel with Turkish crew

Eastern Libyan forces, aligned with retired military General Khalifa Haftar, have released a vessel flying a Grenada flag with a Turkish crew seized few days ago amid tensions between eastern Libyan authorities and Ankara. The vessel arrested on Saturday off Libyan coast was allowed on Monday to resume its journey to Alexandria, Egypt, where it […]