Emerging Markets Finance Headlines Libya

Libya: Currency diversion prompts scrutiny of banking practices

Allegations concerning the unauthorized appearance of local currency within the black market in Tripoli have been observed by the Central Bank of Libya’s media office. Circulating images, reportedly showing currency boxes within the Souq Al-Mushir area, have sparked widespread concern regarding possible breaches in the official distribution process. Assurances were issued by the Central Bank […]

Europe Features Headlines International Libya

Nearly 200 Nigerian Migrants Repatriated from Libya in EU-Backed Effort

A total of 191 Nigerian migrants have been voluntarily repatriated from Libya, the International Organization for Migration (IOM) confirmed on Wednesday, April 23. The return operation, carried out from the southern Libyan city of Sebha to Lagos, Nigeria, included 111 women among those brought home. According to a statement issued by the IOM, the operation […]

Emerging Markets Headlines Libya

Libya’s medical advancements led to recovery for over 4,000 cancer patients

Libya’s efforts in the fight against cancer have seen significant progress, with over 4,000 patients reported to have fully recovered thanks to the country’s dedicated medical professionals. Haidar Al-Sayah, Head of the National Anti-Cancer Authority, highlighted this achievement during the Libyan International Conference on Oncology and Radiotherapy. He revealed that over 4,000 scans were conducted […]

Business Emerging Markets Energy Headlines Libya

Libya’s energy prospects to be showcased at 2026 summit in Tripoli

The Libya Energy & Economic Summit (LEES) is to be held in Tripoli from 24–26 January 2026, with the event set to be extended to three full days for the first time. The Summit, now in its fourth year, has been established as a premier platform for investment and innovation in the country’s energy sector. […]

Emerging Markets Headlines Libya

Libya: New cross-border public transport project to boost regional connectivity

A new international public transport initiative has been announced by Libya’s Government of National Unity, with the project designed to modernize domestic road travel and strengthen cross-border connectivity. Unveiled through a joint effort by the Ministries of Interior and Transport, the plan is aimed at providing secure, comfortable, and efficient bus services linking Libya to […]

Business Emerging Markets Europe Headlines International Libya

Italy’s exports to Libya surge by 34% in 2024

The Italian Embassy in Libya announced a significant boost in bilateral trade, with Italian exports to Libya reaching €2.27 billion in 2024, marking a remarkable 34.2% increase from the previous year. This surge highlights Italy’s continued dominance in the Libyan market, with various sectors contributing to the growth, including medical supplies (up 44.7%), automotive products […]

Finance Headlines Libya

Libyan lawmakers reject Dinar devaluation, call for comprehensive economic overhaul

Fifty-five members of Libya’s House of Representatives (HoR) strongly criticized the recent devaluation of the dinar, arguing that the move fails to address the root causes of the country’s deepening economic crisis. The lawmakers stressed, in a joint statement issued on Wednesday, that adjusting the exchange rate or increasing the dollar price would not resolve […]

Headlines Libya

Libyan political parties call for unity, action to resolve stalemate

Thirty representatives from various Libyan political parties have expressed deep concerns over the ongoing political deadlock in the country during an introductory meeting with Hanna S. Tetteh, the Special Representative of the UN Secretary-General for Libya. The representatives underscored the urgent need to unify state institutions, accelerate the political process, and better manage resources, as […]

Emerging Markets Finance Headlines Libya

Libya’s Central Bank devalues Dinar by 13.3% amid ongoing political divisions

The Central Bank of Libya (CBL) has announced a significant 13.3% devaluation of the Libyan dinar, adjusting the exchange rate to 5.5677 dinars per US dollar, effective from April 6, 2025. This decision marks a shift from the previous rate of 0.1555 to 0.1349 Special Drawing Rights (SDRs) per dinar. The move comes as part […]

Americas Europe Headlines International Libya

Libyan Politician Shegwara arrested after publishing documents related to Lockerbie bombing

Libyan writer and politician Samir Shegwara has been arrested on national security charges after he published documents that allegedly link his country’s intelligence services to the 1988 Lockerbie bombing. Shegwara, who has been openly discussing these files since 2018, was detained on 20 March 2025 after the BBC reported that the documents could serve as […]