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 […]

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 […]