Emerging Markets Finance Libya

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 […]

Energy Headlines Libya

Libya: NOC’s oil investment plans spark controversy amid concerns over national resources

The Libyan National Oil Corporation (NOC) has announced plans to invite foreign investment into the country’s oil and gas sector, offering 22 onshore and offshore exploration areas in 2025. This move, the first public bidding round in over 18 years, has raised debates regarding whether it is a genuine attempt to develop the sector or […]

Headlines Libya

Libya calls for UNSMIL support on migrants’ voluntary return program

On Wednesday, 5th March 2025, Libyan Interior Minister Emad al-Tarabelsi called on the United Nations Support Mission in Libya (UNSMIL) to help the country and facilitate the voluntary departure of migrants from Libya to their home countries. This came during a meeting the Libyan official held Wednesday with Hanna Serwaa Tetteh, the UN Secretary-General’s Special […]

Energy Headlines Libya

Libya launches first public tender for oil & gas exploration, the first in seventeen Years

Libya has officially announced on March 4 its first public tender for oil and gas exploration in 17 years, marking a significant step in revitalizing the country’s energy sector. The announcement was made during a high-profile ceremony in Tripoli, attended by key officials including Acting Chairman of the National Oil Corporation (NOC), Masoud Suleiman Mousa, […]

Headlines Libya

Libya: Deputy Prosecutors receive forensic training to strengthen criminal justice

Some 75 deputy prosecutors have undergone four specialized training courses, aimed at endowing the trainees with essential forensic medicine skills. The courses were organized by the Criminal Research and Training Centre, part of its training program for the 2024–2025 judicial year. The initiative is designed to improve judicial expertise by enhancing understanding of forensic sciences, […]

Africa Headlines International Libya

Nearly 160 migrants voluntarily deported from Libya to Nigeria

A group of 159 illegal migrants has been voluntarily repatriated from Libya to Nigeria, according to the International Organization for Migration (IOM). The migrants returned safely from Benghazi to Lagos under the IOM’s Voluntary Humanitarian Return and Reintegration (VHR) programme, which is supported by EU funding. The IOM expressed gratitude to its donors, including the […]

Africa International Libya

Russia shifts military focus to Libya, heightening Mediterranean security concerns

Following the conclusion of the Syrian civil war, Russia has begun repositioning its military assets, with Libya emerging as a key focus. After withdrawing forces from Syria, Moscow is now bolstering its military presence in Libya, particularly at the Maaten Al Sarra airbase, which it is modernizing to support operations across North Africa. Russia’s military […]

Africa Emerging Markets Headlines International Libya

Libya, Somalia forge partnerships in investment, education

Libya and Somalia have signed several Memoranda of Understanding providing for fostering cooperation in investments, educational exchanges, and training opportunities, which are crucial for building human capital and strengthening both nations’ socio-economic development. The deals were signed during talks in Tripoli between President of the Libyan Presidential Council Mohamed Younes El-Menfi and visiting Somali President […]

Europe Headlines International Libya

EU reaffirms commitment to enhancing healthcare in Libya

The European Union’s Ambassador to Libya, Nicola Orlando, reiterated the EU’s commitment to improving primary healthcare services across Libya. His comments followed a meeting with Ramadan Abu Janah, the Minister of Health in the Government of National Unity, in Tripoli, held on Sunday February 23. Orlando took to social media to share his optimism regarding […]

Finance Headlines Libya

London Court of Appeal backs £16 Million award against Gaddafi’s Libyan assets

The Court of Appeal in London has upheld a ruling on a property in the capital linked to the late Libyan leader Muammar Gaddafi. The court sided with a US defense contractor in its bid to collect a £16 million award issued by the International Criminal Court (ICC) against the Libyan State. The dispute centers […]