Asia Business Libya

Libya, South Korea Explore Deeper Trade and Investment Cooperation

The Minister of Economy and Trade of Libya held talks on April 16 with the Deputy Foreign Minister of South Korea to strengthen economic and trade relations between the two countries. The meeting, attended by the South Korean ambassador, focused on expanding bilateral cooperation, particularly in investment and development projects. Both sides underscored the value […]

Finance Libya

UN Resolution Allows Libya to Reinvest Frozen Assets to Preserve Value

The Libyan Investment Authority has welcomed United Nations Security Council Resolution 2819 of 2026, which permits the reinvestment of frozen cash assets while maintaining existing sanctions, in a move aimed at preserving their value. The Authority noted on Wednesday, April 15, that the resolution, adopted unanimously, strengthens its capacity to review, audit and monitor assets […]

Business Europe Headlines Libya

Libya Signs Health Cooperation Deals with Germany’s GIZ

The Ministry of Health under the Government of National Unity in Libya has signed two cooperation agreements with the German Agency for International Cooperation (GIZ), aimed at strengthening healthcare delivery and improving the national health system. The agreements were formalized during a signing ceremony in which the Ministry’s Undersecretary for Hospital Affairs underscored the importance […]

Americas Europe Headlines Libya

Libya, US, Italy Announce Launch of “Flintlock 2026” Joint Military Exercise

Libya, the United States and Italy have issued Monday a joint statement announcing the launch of “Flintlock 2026” military exercise, scheduled to officially begin later this Week. The exercise, part of the annual program led by the United States Africa Command, brings together forces from more than 30 countries, including Libya, and will involve coordinated […]

Finance Headlines Libya

Libya Secures Landmark Unified Budget Deal After Years of Political Division

Libya has reached a significant milestone in its post-conflict recovery, with rival political institutions agreeing to adopt a unified state budget for the first time in over 13 years. Governor of the Central Bank of Libya, Naji Issa, announced over the week-end that the eastern-based House of Representatives and the Tripoli-based High Council of State […]

Africa Finance Headlines Libya

Libya, Sudan push for African Investment Bank to drive continental development

Libya and Sudan have reaffirmed on April 12 their commitment to advancing Africa’s economic architecture, with renewed efforts to operationalize the African Investment Bank positioned at the centre of their engagement.   Acting Libyan Foreign Minister Taher Al-Baour held talks in Tripoli with Sudan’s Foreign Minister Mohi El-Din Salem, focusing on regional developments and the […]

Finance Headlines Libya

Libya Steps Up Anti-Money Laundering Strategy, narrows Legal Gaps

Authorities in Libya have renewed efforts to strengthen safeguards against financial crime, as the National Committee for Combating Money Laundering and Terrorist Financing convened its first meeting of 2026 in Tripoli last week. The meeting, chaired by Central Bank Governor Naji Mohammed Issa, brought together representatives from government, judicial, security and regulatory institutions to assess […]

Headlines Libya

Aliou Cissé Steps Down as Libya Coach After Brief Tenure

Former Senegal head coach Aliou Cissé has resigned from his role as manager of the Libya national football team after overseeing just 10 matches, he confirmed on Wednesday, April 8. Cissé’s final two games in charge ended in draws last month, following friendly encounters against Niger and Liberia. “This March has been very special for […]

Community Libya

Over 80 migrants missing after Libya boat capsizes in Mediterranean

More than 80 migrants are missing after a boat carrying around 120 people capsized in the Mediterranean Sea after departing from Tadjoura, libya, on Sunday, April 5, the UN migration agency reported on April 7, 2026. According to the International Organization for Migration, the vessel overturned after taking on water amid harsh weather conditions. Rescue […]

Americas Headlines Libya

Libya’s High Council Rejects Power-Sharing Proposal

The Libyan High Council of State on Monday, April 6 rejected a U.S.-backed proposal aimed at unifying rival administrations in eastern and western Libya through a power-sharing arrangement. The initiative, presented by U.S. President’s Senior Adviser for Africa, Massad Boulos, proposed a streamlined government structure, including leadership roles for figures from both factions. The Council, […]