Ahmed Abu Heisa, Libya’s Minister of Industry and Minerals, and Italian Ambassador to Libya, Gianluca Alberini, discussed on Sunday “the importance of strengthening economic cooperation between Italy and Libya and allowing the return of Italian companies to the North African country,” according to a statement by the Libyan Ministry of Industry.
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The Libyan dinar recovered some of its value in the black/parallel market against the major hard currencies Wednesday after steady losses over the last week. One popular exchange site quoted a low of LD 6.27 Tuesday, before recovering to LD 5.61 to the dollar Wednesday.
The Libyan company Goshtaf is proposing a plan to plant 40 million Jatropha trees to produce and localize the biofuel industry.
Libyan exports fell by 11.7 percent in the first half of 2023 to 17.3 billion dollars from 19.6 billion dollars in the same period of 2022, the Central Bank of Libya said in a report.
Benghazi Chamber of Commerce announced last Thursday that it had signed an MoU with the Matruh (Egypt) Chamber of Commerce to enhance joint work opportunities between the two parties.
Libyan Attorney-General Al-Siddiq Al-Sour has ordered the arrest of three former senior managers at Libyan Arab Foreign Investment Company (LAFICO) on charges of negligence in the management of a $90 million fund.
New flights will be introduced from the Mitiga airport in Tripoli to Rome Fiumicino and vice versa through MedSkay, the Libyan airline company announced.
The annual report by Libya’s Audit Bureau revealed that cabinet ministers under interim Prime Minister Abdul Hamid Dbeibeh used development…
A decade of violent conflict and political divisions has caused Libya’s per capita income to plummet by half since 2011,…
The value of Libyan sovereign wealth fund assets frozen by sanctions overseas fell by more than $1 billion last year,…