First Independent Mena Newspaper
Congo-Brazzaville President Denis Sassou N’Guesso conducted a three-day visit to Libya from December 9 to December 11, marking his first trip to the country since 2011. Acting in his capacity as Chair of the African Union High-Level Committee for Libya, Sassou N’Guesso engaged in talks with key Libyan officials in both Tripoli and Benghazi. His […]
The International Monetary Fund has urged Libyan authorities to prioritize spending through an approved and unified 2025 budget to prevent pro-cyclical expenditure and enhance resource management. The IMF announced on December 10 that Libya’s recovery in oil production has led to an upward revision of the country’s GDP growth forecast for 2025. In its report […]
The fall of Syrian long-time dictator Bashar al-Assad’s regime could lead to Russia losing its military bases located in the country and, if this happens, it could have serious consequences for the Kremlin’s operations and power projection in Libya and sub-Saharan African countries, says a latest report by the American Institute for the Study of […]
Libyan Prime Minister Abdul Hamid Dbeibah has approved the National Food Security Strategy 2025-2035, developed by the National Council for Economic and Social Development. The approval was announced during a ceremony held in Tripoli on Sunday, December 8. Dbeibah emphasized that food security is a national priority and a key pillar for economic and social […]
The National Oil Corporation (NOC) of Libya, through its technical Committee, announced the launch of a public tender offering 22 new onshore and offshore exploration blocks to international oil companies. This initiative is part of Libya’s strategy to attract foreign investment and expand its energy sector. The announcement was made during the eleventh meeting of […]
Libya is enacting extraordinary measures to tackle its persistent liquidity crisis. On December 5, 2024, the Central Bank of Libya announced a partnership with the British company ‘De La Rue’ to print 30 billion dinars (approximately $6.25 billion) in new currency. This decision follows years of acute financial difficulties, compounded by political instability since the […]
Libya’s National Oil Corporation (NOC) announced this December that it has transferred over $14.8 billion in oil revenues to the Central Bank of Libya since the beginning of 2024. This substantial amount was sent through 23 separate transactions, highlighting the vital role of oil in sustaining Libya’s economy. According to the NOC’s statement, the precise […]
The Tunisian General Consulate in Benghazi officially reopened its doors on December 4, marking a significant milestone in Libya-Tunisia relations after more than a decade of closure. This announcement was made by the eastern-based Libyan Foreign Ministry, which hailed the reopening as a reflection of Benghazi’s growing stability and security. The decision to restore diplomatic […]
The African Energy website reported Monday, December 2 that Libya is seeking to recover over $60 billion in assets secretly invested in U.S. Treasury bonds during Muammar Gaddafi’s regime. The funds, previously unknown, were reportedly funneled through complex networks starting in the 1990s, bypassing strict international sanctions. A delegation led by Mohammed Mansli, Director General […]
Farhat Bin Qadara, Chairman of the Board of Directors of the National Oil Corporation (NOC), revealed on December 2 that a staggering 70% of Libya’s land remains unexplored, underscoring the vast untapped potential within the country’s oil sector. This revelation came during a series of workshops in Cairo, organized in collaboration with the US Department […]