Energy Headlines Libya

Libyan oil behind rise in OPEC output

OPEC oil production increased from its lowest levels this year, on the back of a surge in Libyan oil output, Reuters reported. The Libyan oil production increased following the settlement of a crisis that left the central bank in uncharted territory. Libyan output has fully recovered after the country’s eastern-based government and Tripoli-based National Oil […]

Europe Features Headlines Libya

Libya offers assistance to Spain after devastating floods in Valencia

The Spanish magazine ‘Atalayar’ reported on November 7 that the Libyan Government extended condolences to those affected by recent floods in Spain’s Valencia region, and offered its assistance in the ongoing rescue efforts. The severe flooding, which struck the Spanish Levante region last week, especially impacted Valencia and sparked a strong wave of international solidarity, […]

Africa International Libya

Chad seeks resumption of flights, border coordination with Libya

Chad has requested the resumption of flights with Libya, along with enhanced coordination at the land border crossing and the preparation of a MoU (Memorandum of understanding) for cooperation in the transportation sector, according to a statement from Libya’s Ministry of Transportation. The request was conveyed by the Chad’s Chargé d’Affaires in Tripoli during a […]

Emerging Markets Energy Finance Headlines Libya

Libya to lead Arab countries in economic growth by 2025, IMF forecasts

The International Monetary Fund (IMF) has projected that Libya will lead the Arab world in economic growth by 2025, anticipating an impressive growth rate of 13.7%. According to a recent report from the IMF, Libya’s economic growth is expected to escalate from a modest 2.4% in 2023 to this remarkable figure in 2025, positioning the […]

Headlines Libya

Libya to impose taxes on expatriate workers

Libyan authorities are contemplating the imposition of taxes on foreign workers as an assertion of the State’s sovereignty over its territory and citizens. This approach is seen as essential for maintaining control over the labor market. Strengthening the legal and legislative frameworks that protect State revenues and safeguard its rights concerning expatriate workers in Libya […]

Headlines Libya

Libya: Elections for 60 Municipal Councils scheduled to begin on November 16

The High National Elections Commission (HNEC) has announced that municipal council elections for “Group One” are set for Saturday, November 16, 2024. This announcement, released in an official statement, outlined the timeline for the election process. According to HNEC, electoral campaigns for candidates will begin as soon as the final candidate list is approved and […]

Europe Headlines International Libya

Libyan Italian Business Forum represents a new and strong step towards strategic cooperation

Libyan Prime Minister Abdul Hamid Dbeibah, alongside Italian Prime Minister Giorgia Meloni, officially opened the 30th Libyan-Italian Economic Forum at the Exhibition Grounds in Tripoli, which took place from October 28 to 29. In his opening remarks, Dbeibah emphasized the importance of strengthening bilateral cooperation with Italy, highlighting recent significant developments. He announced the return […]

Business Emerging Markets Europe Headlines International Libya

Libya-Italy trade exchanges reach nearly €9 billion

Annual trade exchanges between Libya and Italy currently stand at approximately €9 billion, providing a solid foundation for future growth and economic collaboration. This figure, reported by Italy’s Nova news agency on October 27, on the eve of the Libyan-Italian Business Forum, scheduled for October 28 in Tripoli, underscores the significant economic interdependence between the […]

Europe Headlines International Libya

Tripoli and Ankara ink MoU in law enforcement, crime prevention

Turkey and the Libyan Government of National Unity signed a Memorandum of Understanding providing for strengthening security relations and enhancing the exchange of expertise in law enforcement and crime prevention. The MoU was initialed by Acting Minister of Interior for the Government of National Unity, Emad Al-Trabelsi, and his Turkish counterpart, Ali Yerlikaya, during the […]

Libya Tunisia

Commercial transit at Ras Jdir border crossing between Libya and Tunisia resumes

A Tunisian customs official has confirmed that trade activities between Tunisia and Libya have resumed at Ras Jdir border crossing, accompanied by new facilities designed to streamline operations. Issam Zureiq, the regional director of customs in Medenine, stated that commercial movement has recommenced without the imposition of new administrative procedures. This improvement was possible thanks […]