First Independent Mena Newspaper
The Italian Embassy in Libya announced a significant boost in bilateral trade, with Italian exports to Libya reaching €2.27 billion in 2024, marking a remarkable 34.2% increase from the previous year. This surge highlights Italy’s continued dominance in the Libyan market, with various sectors contributing to the growth, including medical supplies (up 44.7%), automotive products […]
Fifty-five members of Libya’s House of Representatives (HoR) strongly criticized the recent devaluation of the dinar, arguing that the move fails to address the root causes of the country’s deepening economic crisis. The lawmakers stressed, in a joint statement issued on Wednesday, that adjusting the exchange rate or increasing the dollar price would not resolve […]
Thirty representatives from various Libyan political parties have expressed deep concerns over the ongoing political deadlock in the country during an introductory meeting with Hanna S. Tetteh, the Special Representative of the UN Secretary-General for Libya. The representatives underscored the urgent need to unify state institutions, accelerate the political process, and better manage resources, as […]
The Central Bank of Libya (CBL) has announced a significant 13.3% devaluation of the Libyan dinar, adjusting the exchange rate to 5.5677 dinars per US dollar, effective from April 6, 2025. This decision marks a shift from the previous rate of 0.1555 to 0.1349 Special Drawing Rights (SDRs) per dinar. The move comes as part […]
Libyan writer and politician Samir Shegwara has been arrested on national security charges after he published documents that allegedly link his country’s intelligence services to the 1988 Lockerbie bombing. Shegwara, who has been openly discussing these files since 2018, was detained on 20 March 2025 after the BBC reported that the documents could serve as […]
Libya’s Internal Security Agency has taken the step of shutting down ten international organizations operating in the country, including the prominent International Relief Organization, accusing them of facilitating the settlement of illegal immigrants without the necessary permissions. The closures were announced on April 2 in a statement monitored by the ‘Libyan Express’, which highlighted concerns […]
The Libyan National Oil Corporation (NOC) is facing growing pressure to settle its refined oil products import bills as the country’s long-standing barter system comes to an end. While fuel imports continued into Libya in March, the NOC remains unable to pay for these supplies, a situation compounded by the country’s declining oil revenues. The […]
Libya’s crude oil production saw a slight rise on Monday March 31, reaching 1,388,781 barrels, up from 1,386,889 barrels recorded the previous day, according to the latest figures from the National Oil Corporation (NOC). Along with the increase in crude oil, condensate production also climbed, reaching 55,693 barrels, an improvement from 53,648 barrels on Sunday. […]
The European Union Delegation to Libya has expressed approval following the release of a group of detainees by Libyan judicial authorities, hailing the move as a step towards strengthening the rule of law and human rights in the country. In a statement, the mission also voiced concern over troubling reports of arbitrary disappearances, particularly the […]
Stephanie Williams, the former United Nations envoy to Libya, has revealed the upcoming release of her highly anticipated book, ‘Libya Since Gaddafi’, set for publication on April 17. The book offers an in-depth analysis of Libya’s political situation since the assassination of Colonel Muammar Gaddafi in October 2011, drawing on Williams’ personal experience during her […]