Emerging Markets Finance Headlines Libya

Libya’s rival parliaments sign joint program to streamline development spending

Representatives from Libya’s two competing legislative bodies signed an agreement on Tuesday, November 18, for a unified development program, according to the Central Bank of Libya. The move aims to harmonize financial governance after more than a decade of divided budgets between eastern and western Administrations. Although specific details were not disclosed, the Bank said […]

Headlines Libya

Libya and Hungary move to revive diplomatic ties

Libyan Prime Minister Abdul Hamid Dbeibah engaged in high-level talks with Marcell Bíró, the National Security Adviser to the Hungarian Prime Minister, to explore pathways to deepen cooperation and formally restore diplomatic relations. Bíró, who was accompanied by Hungary’s Special Envoy for Africa, met Dbeibah in Tripoli on Monday, November 17, to assess the current […]

Community Headlines Libya

Tragic capsizing off Libya claims 42 Lives

The International Organization for Migration (IOM) reported on Wednesday that a rubber boat carrying 49 migrants and refugees capsized off the coast of Libya, leaving 42 people presumed dead. The vessel, which departed from Zuwara on November 3, encountered high waves six hours into its journey, causing engine failure and overturning the boat. Libyan authorities […]

Features Headlines Libya

Libya and Oman Explore Stronger Economic Cooperation in Energy and Investment

Libya’s Prime Minister, Abdul Hamid Dbeibah, on Tuesday, November 11, met with Oman’s Ambassador to Tunisia, Hilal al-Sanani, to discuss ways to deepen bilateral cooperation in the fields of energy and investment. According to the Government’s Hakomitna platform, Ambassador al-Sanani expressed Oman’s commitment to strengthening economic ties with Libya and promoting partnerships between institutions in […]

Features Headlines Libya

Lebanon Frees Moammar Gadhafi’s Son After Ten Years in Detention

On Monday, November 10, 2025, Lebanese authorities released Hannibal Gadhafi, the son of late Libyan leader Moammar Gadhafi, after he paid a reduced bail of $900,000, bringing an end to his decade-long detention. Gadhafi was accused of withholding information about the disappearance of prominent Lebanese Shiite cleric Moussa al-Sadr, who vanished during a visit to […]

Features Headlines Libya

Refugee Numbers in Libya Surpass 100,000 Amid Regional Conflicts

The United Nations High Commissioner for Refugees (UNHCR) has reported that the number of refugees in Libya exceeded 100,000 as of October 2025, with Sudanese nationals accounting for the largest share at approximately 84,400. Other refugee groups include 8,900 Eritreans, 2,300 Ethiopians, 1,900 South Sudanese, and around 5,300 Syrians, according to CNN’s coverage of the […]

Headlines Libya

Libya welcomes release of Hannibal Gaddafi following diplomatic talks with Lebanon

The Libyan Government of National Unity has confirmed the release of Hannibal Gaddafi by Lebanese authorities, lifting both the travel ban and bail conditions that had been imposed. Tripoli attributed the development to sustained Libyan diplomatic efforts aimed at resolving the matter through a legal and humanitarian framework that upheld the dignity of its citizens. […]

Emerging Markets Europe Headlines International Libya

Germany, EU launch water management initiative in Libya

The German Agency for International Cooperation (GIZ) has unveiled the Libya–EU Water Resources Management Facility, a joint initiative funded by the European Union and Germany to promote sustainable water management in the North African country. The project, developed in partnership with Libya’s Ministry of Water Resources, the Italian Agency for Development Cooperation (AICS), and supported […]

Energy Headlines Libya

Libya unveils new oil find as production ambitions rise

Libya’s National Oil Corporation has confirmed a significant oil discovery in the Ghadames Basin, approximately 450 kilometers southwest of Tripoli, marking a fresh milestone in the nation’s energy ambitions. The exploratory well, drilled under the oversight of the Arabian Gulf Oil Company, is estimated to produce 4,675 barrels of crude oil and two million cubic […]

Europe Features Headlines International Libya

Germany and EU Launch Water Management Initiative in Libya

The German Agency for International Cooperation (GIZ) has unveiled the Libya–EU Water Resources Management Facility, a joint initiative funded by the European Union and Germany to promote sustainable water management in Libya. Developed in partnership with Libya’s Ministry of Water Resources, the Italian Agency for Development Cooperation (AICS), and supported by Germany’s Federal Ministry for […]