Finance Headlines Libya

Libya’s Central Bank announces provision of over $3 billion to resolve liquidity crisis

The Central Bank of Libya (CBL) has unveiled a significant initiative aimed at bolstering the country’s banking sector by allocating 15 billion dinars (over 3 billion USD) to all operational banks in the coming months. This distribution is set to be implemented across all bank branches throughout Libya. This announcement followed a crucial meeting held […]

Europe Headlines International Libya

EU reaffirms commitment to peace & stability in Libya by expanding EULINK project

The European Union has reaffirmed its commitment to supporting Libya’s security sector and advancing the implementation of the 2020 ceasefire agreement. EU Ambassador to Libya, Nicola Orlando, announced the launch of the second phase of the “EULINK” project, designed to strengthen security measures in ceasefire zones. In a statement on X, Orlando emphasized the EU’s […]

Energy Headlines Libya

Libya: Oil production reaches 1.3 million barrels per day

On October 14, Prime Minister Abdul Hamid Dbeibah announced a significant milestone for Libya’s oil sector, reporting that oil and condensate production had reached an impressive 1,305,059 barrels per day (bpd). This achievement is a testament to the resilience and hard work of national workers across various oil fields, as well as the strategic leadership […]

Europe Headlines International Libya

France reaffirms commitment to providing technical support for Libyan elections

French Ambassador to Libya, Mostafa Mihraje, reaffirmed France’s dedication to supporting Libya’s electoral process by offering technical and advisory assistance aimed at enhancing the High National Elections Commission’s (HNEC) capacity to manage the upcoming elections. This commitment was emphasized during his meeting with HNEC Chairman, Imad Al-Sayeh, at the Commission’s headquarters in Tripoli, on Monday […]

Business Europe Headlines International Libya

ITA Airways prepares to resume flights to Libya

Andrea Benassi, Director of Italy’s ITA Airways, announced, ongoing arrangements between the Libyan Civil Aviation Authority and its Italian counterpart for the resumption of ITA Airways flights to Libya, though he did not specify an exact date for the restart. The announcement was made during a meeting between Libya’s Minister of Transport in the Government […]

Energy Headlines Libya

Libya: NOC announces drilling of 5 new wells with a combined output capacity of 12,000 bpd

The National Oil Corporation (NOC) announced on Wednesday the successful drilling and restarting of five new wells since the start of October, with a combined production capacity of around 12,000 barrels per day (bpd). According to the NOC, Mellitah Company has restarted well “A-28” in the Abu Attifel oil field, a move aligned with the […]

Features Headlines Libya

Four Bangladeshi people freed after being kidnapped by gang in south Tripoli

The Security Directorates Support Apparatus in the Regions has reported the successful release of four Bangladeshi nationals who were held captive in a house along Airport Road, south of Tripoli. The individuals had been kidnapped after leaving a mosque in an undisclosed Libyan city, though the exact date and location of the abduction were not […]

Energy Headlines Libya

Libya: Oil production to resume in eastern part of country

After a suspension of more than a month due to a significant political crisis involving the UN-recognized Government in Tripoli, eastern Libyan authorities announced on Thursday, October 3, that oil production and exports from the region will resume. Oil operations, which have been halted since August 26, are set to restart following the lifting of […]

Finance Headlines Libya

New governor of Central Bank of Libya, his deputy sworn in at HoR in Benghazi

The newly appointed Governor of the Central Bank of Libya (CBL), Naji Belgassim, and his Deputy, Marie Al-Barasi, were officially sworn in during a House of Representatives (HoR) session in Benghazi on October 1. During the session, HoR First Deputy Speaker Fawzi Al-Nuwairi stressed the need to keep the CBL free from political interference and […]

Europe Headlines International Libya

UN: Malta’s PM calls for withdrawal of ‘foreign fighters’ from Libya

Malta’s Prime Minister, Robert Abela, has called for the withdrawal of foreign forces from Libya and urged strict enforcement of the Libyan arms embargo, in accordance with Security Council resolutions. Speaking at the UN General Assembly, Abela emphasized that assisting the Libyan people in finding a lasting solution to their prolonged institutional crisis is a […]