Business

13Apr By EditorNo Comments

Business, Libya, News

EmaarLibya, Italian-Libya Chamber of Commerce Sign MoU

Benghazi— Libya and Italy are moving quickly to strengthen economic cooperation in the private sector as competition among nations to gain part of the huge Libyan potential intensifies. On 11 Apri...

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8Apr By EditorNo Comments

Business, News, Politics

FULL TEXT: Libya’s Central Bank’s Statement on 6 April

Tripoli— On 6 April, the Central Bank of Libya (CBL) announced a 13.3% devaluation of the dinar against special drawing rights (SDRs), increasing the value of the dollar by 5.5677 dinars. Under this ...

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8Apr By EditorNo Comments

Business, News, Politics

Libya’s Central Bank Says Illegal Migrants Cost Country $7 Billion Annually

Tripoli— The Central Bank of Libya (CBL) says the influx of illegal migration drains the country of $7 billion annually, according to an official statement published by the bank on 6 April. The CB...

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22Mar By EditorNo Comments

Business, News, Politics

Libya: NOC Denies Veracity of Africa Intelligence’s Report on Oil Smuggling

Tripoli--The National Oil Corporation (NOC) denied what it described as "allegations" in a report by the Africa Intelligence website, which covered "leaks attributed to the UN Security Council's Inte...

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21Mar By EditorNo Comments

Business, News, Politics

Libya: Parliament, CBL Discuss Unifying Public Spending

Al-Qubba—The Speaker of the Parliament Agila Saleh and Governor of the Central Bank of Libya (CBL) Naji Issa met Thursday in Al-Qubba city and dealt with the need to control and unify public spending...

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9Mar By EditorNo Comments

Business, News, Society

The Enemy Within, Libya Combats Desert Locust Swarms

Traghen— Libyan authorities continue multifaceted operation to combat and control desert locust swarms that have attacked the southern region of the country and caused huge damage to the already weak...

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4Mar By EditorNo Comments

Business, News, Oil

Libya Launches New Oil, Gas Exploration Bidding Round

Tripoli— The Libyan National Oil Corporation (NOC) has launched Monday its first public bidding round for oil and gas exploration in 17 years, calling on local and foreign oil companies to cease the ...

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17Feb By EditorNo Comments

Business, News, Oil

Libya: NOC Confirms Production’s Increase, Vows More Transparency 

Tripoli— Libya's National Oil Corporation (NOC) reaffirmed the increase of oil production that has been taking place since last year, maintaining that parties disputing this fact such as the Organiza...

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8Feb By EditorNo Comments

Business, Libya, News

Libya: NOC Repairs Major Failure at Mellitah Oil & Gas

Libya—The National Oil Corporation (NOC) announced that it had succeeded in repairing a major and sudden technical failure, which affected the whole Mellitah Oil complex, and by 23:48 before midnight...

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7Feb By EditorNo Comments

Business, Libya, News

Libya: NOC’s Meetings in Sebha, Focus on Developing the South

Sebha—As part of its continuing eight-day marathon meetings of the Board of Directors of the National Oil Corporation (NOC) with its General Assembly, a meeting was held in Sebha on Thursday with the...

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