Energy Headlines Libya

Libya: PFG calls for heightened readiness at Al-Wafa oilfield amid unspecified threat

The Petroleum Facilities Guard (PFG) – Southwest Branch of Libya- has called on all brigades responsible for securing the Al-Wafa oilfield to increase their level of readiness in response to what it described as “a matter of utmost importance.” The PFG urged all brigades to deploy to the field to bolster its protection, although the […]

Europe Headlines International Libya

Libya to replace Syria as Russia’s Mediterranean hub

Since the ousting of Syrian president Bashar Assad, there has been a surge in Russian air and maritime traffic to Libya, where Moscow seeks a new Mediterranean hub. Flights increased from the Syrian Hmeimim base to Al Khadim’s airbase in the Libyan desert, where Russia was transferring its military equipment, according to data analyzed by […]

Business Emerging Markets Headlines Libya

Libyan olive oil wins three international Awards

The Libyan Export Development Center announced on Wednesday January 1 that Libya secured three prizes in the Al-Ahram International Olive Oil Competition for 2025. A total of 193 olive oil samples from 20 countries participated in the competition. According to the Center’s Facebook post, companies registered in the exporters’ registry won gold and silver medals. […]

Business Emerging Markets Headlines Libya Morocco

Libya wants to resume direct air and maritime links with Morocco

Libya is interested in opening a direct air route and a maritime link with Morocco to boost economic ties, its transport minister Salem Al Shahboubi said. Sahboubi made the remarks during a meeting with his Moroccan counterpart Abdessamad Kayouh on the sidelines of the 29th General Assembly of the Arab Civil Aviation Organization (ACAO) held […]

Business Headlines Libya

Shipment of 800 cows arrives for Ghout Al-Sultan project in Benghazi

The Ministry of Agriculture and Livestock, operating under Libya’s parallel Government, announced the arrival of a shipment of 800 cows at the Benghazi seaport. The livestock shipment originated from the Port of Marseille in France and was imported by Emaar Libya Holding Company for the Ghout Al-Sultan Production Project, located east of Benghazi. In its […]

Emerging Markets Finance Headlines Libya

Libya joins African Export-Import Bank

Libya has officially become the 53rd member of the African Export-Import Bank (Afreximbank), marking a significant step towards enhancing economic integration within Africa. This milestone was announced to the media over the weekend, although the formal membership occurred earlier in the week. As part of its membership, Libya aims to leverage Afreximbank’s support for several […]

Energy Headlines Libya

Libya’s oil production surpasses annual target

The National Oil Corporation (NOC) announced that daily crude oil production has surpassed its annual target, reaching 1,405,609 barrels of crude oil and an additional 52,633 barrels of condensates. This milestone highlights the resilience and dedication of workers at production sites across the country, despite persistent challenges such as delays in the disbursement of the […]

Headlines Libya Morocco

Morocco’s King reiterates, in message to President of Libyan Presidential Council, commitment to further reinforce Moroccan-Libyan relations

King Mohammed VI has sent a message of congratulations to President of the Libyan Presidential Council, Mohamed Younes El-Menfi, on his country’s Independence Day.   In this message, the King welcomed the ties of brotherhood and cooperation binding Morocco and Libya, and reiterated the Kingdom’s commitment to further reinforce and develop bilateral relations, in order […]

Emerging Markets Headlines Libya

Libyan economic loss in 10 years reached $600 billion, World Bank says 

A World Bank report released this week estimated that Libya’s economy suffered losses amounting to $600 billion over the past decade, calculated at 2015 constant values. These staggering losses underscore the severe impact of prolonged conflict and political instability on the nation’s economic potential. The report highlighted that without these disruptions, Libya could have achieved […]

Headlines Libya Tunisia

Second Group of Tunisians released from detention in Libya, says Rights Observatory Head

The head of the Tunisian Observatory for Human Rights, Mustafa Abdelkabir, has confirmed on December 17 the release of a second group of Tunisian nationals detained in Libya, who had been held for over two weeks on charges related to customs violations. These infractions stemmed from transporting goods in quantities exceeding the legally permitted limits. […]