Economy
Libya & Tunisia Strengthen Trade Relationship
In the first quarter of 2023, Tunisia experienced a substantial reduction in its trade deficit, largely owing to a burgeoning...
Read moreLibya & Germany Discuss Economic Relations
Germany has signalled its commitment to assist in revitalizing Libya's industrial sector. This was discussed between Libya's Minister of Oil...
Read moreSurging Dollar Sparks Concerns in Libya
The unprecedented rise of the US dollar against the Libyan dinar has set off alarms across Libya. As an oil-exporting...
Read moreLibya Seeks Global Partnerships for Investments in Electricity & Renewable Energy
On Tuesday, Libya's Ministry of Electricity and Renewable Energy, led by Awad Al-Badri, is actively seeking to enhance investment opportunities...
Read moreAustrian Company “OMV” to Resume Exploratory Drilling in Libya
Austrian oil and gas giant, OMV has announced plans to resume exploratory drilling activities in Libya by February 2024. This...
Read moreWorld Bank: Libyan GDP Declined by 50% Between 2011-2020
A recent study conducted by the World Bank has unveiled that the per capita share of Libya's Gross Domestic Product...
Read moreTunisian-Libyan Businessmen to Discuss Libya’s Reconstruction
An upcoming international forum is being organised by the Higher Council of Tunisian-Libyan Businessmen, and slated to take place in...
Read moreLibyan Officials Discuss Boosting Oil Production
Mohamed Takala, the Head of the Libyan High Council of State Council (HCS) met with Farhat Bengdara, the Chairman of...
Read moreLibya’s NOC Records Over 1 Billion Cubic Meters of Gas Production
On Friday, the Libyan National Oil Corporation (NOC) announced its production statistics for crude oil and natural gas in September....
Read moreItalian Company Secures $217 Million Contract to Develop Libyan Gas Platform
The Antonini Group, an Italian engineering and construction company, has secured a $217 million dollar contract for the construction of...
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