Economy
How Does Libya’s Wealth Ranking Reflect Its Economic Reality?
Libya's position as the wealthiest country in the Maghreb, and its global ranking of 73rd in the 2023 wealth index...
Read moreChina Harbor Eyes Infrastructure Development in Libya
The Free Zone of Misrata has signed a memorandum of understanding with China Harbor, a major port operator, to explore...
Read moreFirst Unit of Tobruk Gas-Fired Plant Begins Operation
On Sunday, Libya's Ministry of Electricity and Renewable Energy announced a significant boost in the country's power infrastructure, with the...
Read moreLibya & 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...
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