Finance Headlines Libya

Mohammed Menfi Establishes High-Level Economic Advisory Committee Amid Currency Crisis

The Head of the Presidential Council, Mohammed Menfi, has constituted a specialised advisory Committee to assess Libya’s worsening economic landscape and recommend corrective measures. The newly formed body, chaired by Hossam Al-Shahibi and comprising seven economic and financial experts, has been mandated to deliver a comprehensive technical report evaluating the country’s macroeconomic performance and institutional […]

Headlines Libya

UN Report Exposes Widespread Abuse of Migrants in Libya

A United Nations Human Rights Office report has revealed that migrants, refugees, and asylum seekers in Libya are being subjected to systematic abuse, including torture, rape, forced labour, and extortion. The findings, released on Tuesday, describe a “business model” in which human mobility is exploited for profit. The report, titled “Business as Usual”, is based […]

Headlines Libya

Libya Eliminates Trachoma as Public Health Problem

The World Health Organization (WHO) has declared Wednesday that Libya has eliminated trachoma as a public health problem, marking a major achievement for the eastern Mediterranean region. Libya is now the 28th country worldwide and the eighth in the region to reach this milestone. Surveys conducted in 2022 across six southern districts showed that the […]

Finance Headlines Libya

Libya: Prime Minister, Central Bank Governor Align on Liquidity, Forex Controls, Price Stability Measures

Prime Minister Abdulhamid Dbeibah has met with Central Bank of Libya (CBL) Governor Naje Issa to address what officials described as priority economic and financial concerns, with a focus on liquidity, foreign exchange regulation and price stability. In a statement posted on the government’s official platform, on February 16, talks centred on improving cash availability […]

Headlines Libya

Libya: Dbeibah Unveils 100-Day Overhaul Plan for Libya’s Health Sector

Libyan Prime Minister Abdulhamid Dbeibah has launched a 100-day reform strategy aimed at restructuring the ountry’s troubled health sector, describing it as the most challenging ministry inherited by his Government. The initiative, unveiled at a ceremony organised by the Health Ministry over the week-end, seeks to address what he characterised as decades of systemic decline. […]

Energy Headlines Libya

Five Global Energy Firms Secure Exploration Deals in Libya’s First Oil Bid Round in 17 Years

Libya’s National Oil Corporation (NOC) has announced the results of its first public oil and gas bid round in 17 years, awarding exploration and development contracts to five major international companies and consortia. The round offered 20 exploration blocks. Winning entities include a consortium of Italy’s Eni and QatarEnergy; a consortium of Spain’s Repsol and […]

Headlines Libya

Saif al-Islam Gaddafi’s funeral deepens Libya’s political and social divisions

The funeral of Saif al-Islam Gaddafi has brought Libya’s internal fractures sharply back into focus, exposing the political, tribal and regional divides that continue to shape the country since the fall of Muammar Gaddafi. Saif al-Islam, long regarded as his father’s political heir, was killed in Zintan after four masked men stormed his home, disabling […]

Energy Headlines Libya

Libya: NOC Joins UN-Backed Methane Reduction Initiative

The National Oil Corporation (NOC) has signed the Oil and Gas Methane Partnership (OGMP), a United Nations-backed initiative aimed at reducing methane emissions in the energy sector. In a statement, the NOC said on February 10 its Chairman, Masoud Suleiman, formalized the agreement, making the Corporation a member of the group operating under the supervision […]

Headlines Libya

Libya: At least 53 migrants, including infants, dead or missing after boat capsizes off Libya

At least 53 people, including two babies, are dead or missing after an inflatable migrant boat sank off the Libyan coast, the International Organization for Migration (IOM) reported on Monday. The vessel, carrying 55 African migrants, departed from the western Libyan town of Zawiya shortly before midnight on Thursday and began taking on water about […]

Energy Libya

Libya’s Oil Ministry Reports LYD 1.947 Billion in January Royalties and Taxes

The Libyan Ministry of Oil and Gas announced that it collected a total of LYD 1,947,725,346.002 in royalties, taxes and related fees from concession and participation contract companies during January 2026. The breakdown shows that surface rentals contributed LYD 714,346.402, royalties amounted to LYD 127,731,131.644, and tax revenues totalled LYD 1,819,279,957.956. The ministry noted that crude oil accounted for the […]