Libya’s Central Bank (CBL) announced on Sunday that the nation’s total financial revenues for the period from January 1 to July 31 reached 61.15 billion Libyan dinars, wh
Undersecretary of the Ministry of Economy and Trade for Technical Affairs, Saad Al-Hanish, said that 80% of local food industries are remanufacturing of raw materials imp
The Minister of Economy in the Government of National Unity, Mohammed Al-Huweij, called for the need to change some legislation to attract investments, as well as the con
The Libyan Prime Minister Abdul Hamid Dbeibah proposed offering public factories that haven't been operational for investment and operation to the private sector, directi
The International Monetary Fund (IMF) has called on Libya to diversify its economic strategic activities away from hydrocarbons, promote stronger and more inclusive growt
The International Monetary Fund (IMF) said that Libya's gross domestic product recorded growth of 10% last year, largely due to the recovery after the cessation of oil pr
The World Bank expected the Libyan economy to grow by a rate ranging between 4.8 and 5.8% from 2024 to 2026 provided that political stability and the oil sector in genera
Tunisia has hosted the activities of a Capacity Building Program on public-private partnerships in Libya, which is funded by the European Union Delegation to Libya, and i
The Libyan Minister of Economy and Trade, Mohammed Al-Huweij, confirmed that the economy was stable, noting in a meeting with the Prime Minister Abdul Hamid Dbeibah that
The Indonesian embassy in Libya organized a workshop at Radisson Blu Hotel and invited a number of Libyan businesspeople who were interested in exploring the Indonesian m
The Libyan ambassador to Italy, Muhannad Younis, said that Italy is Libya's "first partner", and that the Government of National Unity (GUN) wants to give a very strong b
In its assessment of Libya for 2023, the International Monetary Fund (IMF) has revealed that fluctuations awaiting Libyan economy in the foreseeable future, due to its to
The International Monetary Fund (IMF) says the growth prospects for Libya's economy will remain fixed with oil and gas production over coming years, in a concluding statement following the IMF staf
The Libyan Prime Minister Abdul Hamid Dbeibah said businesspersons should be supported because they make up the most important class in Libyan economy, adding in his speech at the first gathering o
The Libyan-Tunisian bilateral business meetings forum opened in Tripoli on Monday, under the slogan “Tunisian-Libyan Partnership and Integration to Access Global Markets”.
The Ministry of Finance of the Government of National Unity (GNU) said that the state’s revenues for the past year amounted to more than 134.4 billion dinars, and the total expen
The Head of the Tunisian Union of Industry, Trade and Handicrafts, Samir Majoul, asked the National Oil Corporation to supply oil to Tunisia through long-term contracts, preferen
The International Monetary Fund (IMF) has expected that Libya will record the fastest economic growth in 2023, at 17.9%, while the oil economy will grow by about 22%.
The Chairman of the Libyan Egyptian Joint Economic Chamber, Ibrahim Al-Jarrary, has said that the exemption of Libya from the Egyptian decision to ban exporting basic commodities
Minister of Labour and Rehabilitation of the Government of National Unity, Ali Al-Abed, has called for the need to exempt the private sector from paying taxes on the contracts of
Libyan Prime Minister Abdul Hamid Dbeibah confirmed that the economy was liberalized in some aspects after the February 17, 2011 revolution, but this liberalization was not ratio
President of the High Council of State (HCS), Khaled Al-Mishri, discussed Sunday financial and economic issues in talks with heads of the CBL, the Audit Bureau, and the Superviso
Libyan Executive and Legislative Authorities have spent about 1.27 billion dinars in the first half of 2022 on steering expenditures and salaries' payment only.
The Central Bank of Libya (CBL) revealed that the revenues of the last five months have reached 54.6 billion dinars, while spending amounted to 31.1 billion, saying that May reve
Libya has expressed its aspiration to increase the volume of cooperation with South Korea, especially in the areas of infrastructure development, construction, technology, and co
The US Ambassador, Richard Norland, has participated in a technical discussion with Libyan stakeholders from various state institutions to develop more transparency and accountab
Libya urgently needs unified institutions, good governance, strong political will, and long-awaited reforms, says the World Bank's regional director for the Maghreb and Malta, Je
The Head of the Joint Egyptian-Libyan Economic Chamber, Ibrahim Al-Jarari, expected that the volume of trade exchange between Egypt and Libya would exceed “the two billion dollar
Libya consumed one-quarter of South Korea's exports of second-hand cars in 2021, becoming the top importer worldwide despite the decline recorded compared to the year 2
The Minister of State for Economic Affairs, Salama Al-Ghwail, has discussed with the Egyptian Minister of Trade and Industry, Nevin Jamea, economic cooperation and ways
The Chairman of the Libyan-Turkish Business Council, Murtaza Karanfil, said Turkish exports to Libya amounted in 2021 to 2.44 billion dollars: a 64.9% increase from 202
Foreign Economic Relations Board (Turkey-Libya Business Council) has revealed that the export figures of Turkey to Libya in an 11-month period reached 2.2 billion dolla
French Ambassador to Libya, Beatrice de Helen, expressed the desire of French companies to enter the Libyan market in the fields of investment and trade and contribute
Libya needs $200 billion for reconstruction projects, says Minister of Economy Mohammed al-Hawij, indicating that this figure comes according to studies carried out by
Libya’s State Minister for Economic Affairs, Salama Al-Ghwail, said that contracts had been signed with Egyptian companies to implement electricity projects, estimated
The State Minister for Economic Affairs, Salama Al-Ghwail, said that the political status in the country has increased the margin of the financial gap, adding that nego
The Libyan economic experts committee called for immediate opening of clearing among banks, according to a letter by the UNSMIL coordinator, Raisedon Zenenga, to the Go
The Governor of the Central Bank of Libya (CBL) Al-Siddiq Al-Kabir said Libya needs to increase oil production by 40% to cover expenditure and revamp economy, adding th
Prime Minister Abdul Hamid Dbeibah on Tuesday reviewed with the Public Authority for Investment Promotion and Privatization a plan for stimulating the national economic
The economic working group formed by the government is recommending amending banking regulations in line with Islamic banking and financing development projects.
The US State Department said in the Fiscal Transparency Report 2021 that Libya’s fiscal transparency would be improved by publishing complete and reliable budget docume
The Co-Chairs of the Economic Working Group (EWG) agreed on Sunday with the Government of National Unity (GNU), to cooperate in advancing the path of economics in the country.