The Libya Africa Investment Portfolio (LAIP) has announced the recovery of 16 million US dollars frozen at Deutsche Bank in Germany, Italian news agency Nova reports.
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Browsing: Economy
The Libyan Investment Authority (LIA) signed a memorandum of understanding with Enterprise Greece, the official investment agency of the Greek state, to cooperate on investment and renewable energies, according to a statement by the LIA.
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Press sources revealed that Turkey activated the banking memorandum of understanding signed between the Central Bank of the Republic of Turkey (TCMP) and the Central Bank of Libya (CBL) last August.
The Malta-based aviation company Medavia began selling seats for a flight between Malta and Tripoli on Monday, September 20. According to Medavia, the seat price of for the economy class is 230 euros and 350 euros for business class.
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Libyan Airlines will conduct its first flights between Tripoli and Valletta next Monday, September 20, the Libyan government announced in a brief statement on Thursday.
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Libyan Transportation Minister Mohamed Salem Al-Shoubi arrived in Cairo on Wednesday, where he met with Egyptian Minister of Aviation Mohamed Manar to discuss bilateral cooperation in the field of the aviation industry, according to a statement by the Egyptian Ministerial Council.
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The Government of National Unity has failed to comply with the technical observations made by the House of Representatives regarding the budget, Abdel Salam Nassiyah, a member of parliament, told the House on Wednesday.
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A new assessment of the Libyan labor market was presented in a launching ceremony in Tripoli today, The assessment, which is the largest of its kind in the country, was conducted by Tatweer Research, a Benghazi-based company, and the United Nations Development Program (UNDP).
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Senior officials at the Central Bank of Libya (CBL) and the International Monetary Fund (IMF) held a virtual meeting on Wednesday to discuss the economic situation in Libya, according to a statement by the central bank.
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Richard Norland, the U.S. Ambassador and Special Envoy to Libya, pitched the idea of involving the International Monetary Fund (IMF) in Libya’s domestic financial affairs before the upcoming general elections, sources close to the Libyan National Army (LNA) told The Libya Update.
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