Economy
Tunisian Exports to Libya Decline by 30%
The Secretary General of the Tunisian-Libyan Chamber of Commerce and Industry, Ali Dhawadi, stated that the closure of the Ras...
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Libyan Dinar Drops 8% Amid Central Bank & Oil Export Crisis
The Libyan dinar has experienced a sharp decline in the black market, primarily driven by the ongoing leadership dispute within...
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Egypt’s Food Industry Exports to Libya Reach $183 Million
The Export Council for Food Industries in Egypt has announced an 18% increase in Egyptian processed food exports to Libya...
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Economy Minister: Libya Holds Sufficient Reserves Amid Economic Concerns
Libya’s Minister of Economy and Trade, Mohamed Al-Hwaij, addressed the country’s economic situation during a press conference, assuring citizens that...
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Major Gas Discovery Boosts Libya’s Energy Prospects
Libya is setting ambitious plans to double its natural gas production to 4 billion cubic feet per day within the...
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Oil Prices Surge 3% as Libya Suspends Production & Exports
On Monday, global oil prices jumped by 3% after Libya announced a halt in oil production and exports, sparking concerns...
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China Targets Investment in Libya’s Oil Sector & Hydrogen Production
A senior engineer at the Chinese government's consulting office has emphasised Libya's need to enhance its oil sector, petrochemical industries,...
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Libya’s AGOCO Seeks Local Service Centre from US Firm “Solar Turbines”
The Chairman of Libya's Management Committee of the Arabian Gulf Oil Company (AGOCO), Mohamed Ben Shatwan, has urged the American...
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Libya’s Financial Stability at Risk as Central Bank Governor is Replaced
Libya is embroiled in a new political crisis as the Presidential Council announced the removal of Central Bank Governor Al...
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Libya Overtakes Nigeria as Africa’s Top Oil Producer in 2023
Libya has reclaimed its position as Africa’s leading oil producer in 2023, with a daily output of 1.189 million barrels....
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