The National Oil Corporation has won another arbitration against the UAE Trasta Energy, winning the appeal to the Paris Court of Appeal, whose request was filed in February 2022.
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Libya’s foreign exchange reserves have reached a total of $82 billion at the end of 2022 and the volume of frozen assets has stood at $70 billion since 2011, revealed Dmitry Gershenson, the head of the mission of the International Monetary Fund (IMF) in Libya.
The U.N. Development Programme (UNDP) announced on Tuesday the launch of Deraya Entrepreneurship Initiative, a program which aims to “build a dynamic ecosystem of innovative entrepreneurs and startups in Libya.”
The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Libya on last Wednesday, IMF announced.
Misurata International Airport resumed flights on Saturday after a pause for two weeks due to maintenance work in the airport’s runway, the airport announced.
The Minister of Economy and Trade, Mohamed Al-Hwej, met a delegation of Turkish businessmen headed by the Chairman of the Libyan-Turkish Business Owners Council, Murtaza Karanfil, at the Ministry’s office last Wednesday.
Minister of Housing of the Tripoli-based Government of National Unity, Abu Bakr Al-Ghawi hmet on Sunday with his Syrian counterpart Suhail Abdul Latif to discuss “means of cooperation in the fields of housing and opening the door for work and partnership between the Libyan and Syrian sides,” according to a statement by the Libyan ministry of housing.
The Renewable Energies Authority of Libya (REAoL) and the UNDP discussed developing renewables and energy efficiency in Libya.
Gas flows from Libya to Italy have resumed after an interruption that lasted about two weeks due to a vast restructuring of the Mellitah plants, located on the North African coast.
The Minister of Economy and Trade, Mohamed Al-Hwej, participated in the Maghreb Banking Forum on the Digital Economy for the Reconstruction of Libya on Friday in Istanbul.