Finance Headlines Libya

Libya: HoR Speaker announces further tax reduction on foreign currency transactions

Speaker of Libya’s House of Representatives (HoR), Aqila Saleh, announced on Wednesday, November 20, a further reduction in the tax on foreign currency transactions, lowering it to 15% from the previous 20%. This adjustment applies to all purposes and marks the second decrease in what is commonly referred to as the “dollar tax.” Last October, […]

Africa International Libya

Libya, Chad sign MoU to regulate workforce mobility

Libya and Chad have formalized this week a Memorandum of understanding to regulate the movement and employment of Chadian workers in Libya. The MoU represents a key step in improving labor relations and legal frameworks for workforce movement between the two countries. According to the media office of Libya’s Ministry of Labor, the MoU is […]

Energy Headlines Libya

Libya: Tension in Zintan region after officer’s kidnapping

In Libya, oil infrastructure is once again being used as leverage to pressure the Tripoli Government. On Tuesday, residents of Zintan shut down the oil valves in protest over the kidnapping last Wednesday of Brigadier General Mustafa al-Whayshi, the director of the Central Security Department within the intelligence service. His kidnappers have not yet come […]

Business Libya Tunisia

Libya-Tunisia: Tunisians pressure for resumption of cross-border trade

Several Tunisian traders protested outside the Bengardane municipality headquarters, located near the Libyan border in southern Tunisia, to voice their frustration over the ongoing suspension of their primary commercial activities. The protestors are angry about the tightening of goods movement by Libyan authorities, which has severely disrupted cross-border trade. The protesters, many of whom identified […]

Blogs Community Headlines Libya

EASA Extends Libya Airspace ban until April 2025

The European Union Aviation Safety Agency (EASA) has announced an extension of its flight ban over Libyan airspace, which will now remain in effect until the end of April 2025. This decision is based on “information available to EU members and institutions” and reflects EASA’s assessment that Libya’s airspace continues to pose significant safety risks […]

Community Headlines Libya

Rights groups lambast Libyan Interior Minister for discriminating against women

Libya’s interior ministry based in Tripoli sparked rights groups’ outcry when he unveiled a plan to install morality police that would enforce Hijab for women. The interior minister announced that patrols would start next month to ensure women wear “descent clothing,” prevent gender mixing in public spaces, and target young men with “strange” haircuts. He […]

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 […]