Economy
World Bank Forecasts 4.1% Economic Growth in Libya for 2024
The World Bank anticipates a 4.1% growth in Libya's economy in 2024, and a 4.3% increase in 2025, as revealed...
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Central Bank of Libya Reports Oil Revenues of 111.4 Billion Dinars
The Central Bank of Libya (CBL) announced that the oil revenues for the year 2023 amounted to 111.4 billion Libyan...
Read moreLibya’s Central Bank Reports 122.7 Billion Dinar in Total Public Spending
On Sunday, the Central Bank of Libya (CBL) released comprehensive data showing that the state's public spending for 2023 totaled...
Read moreLibya Discusses Economic & Technical Ties with Egypt
In a landmark move for Libya's economic resurgence, Yakhlef Al-Sifaw, Minister of Technical and Vocational Education, emphasized the need to...
Read moreLibya Set to Host Major Energy Summit in January 2024
Libya, backed by the African Energy Chamber (AEC), is poised to redefine its energy landscape, as the country gears up...
Read moreLibya’s 2023 Economic Struggles: Corruption, Soaring Prices & a Dollar Crisis
In Libya, 2023 has been a year overshadowed by economic deterioration, deeply impacting the social situation of its people. This...
Read moreLibya & Italy Discuss Enhancing Economic Ties
On Friday, Libya's Finance Minister, Khaled Al-Mabrouk and his Italian counterpart, Giancarlo Giorgetti met in Tripoli to discuss renewing the...
Read moreLibya’s Imports from Egypt Reach $1.2 Billion
Libya's journey towards economic recovery is underscored by a significant increase in its imports from Egypt, which soared to $1.2...
Read moreLibya Exports 1 Million Oil Barrels to UK
A significant development in Libya's oil sector unfolded this Sunday, as the 'Delta Commander' tanker docked at Hariga Oil Port...
Read moreOil Minister: Libya Unaffected by OPEC+ Production Cut
Mohamed Aoun, Libya's Minister of Oil stated that current oil production will not be impacted by the recent OPEC+ decision...
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