Business

17Jan By EditorNo Comments

Business, Libya, News

Libya: UNSC Allows LIA to Manage Frozen Assets

New York— The UN Security Council on Thursday passed a resolution that included among other things allowing the Libyan Investment Authority (LIA) to reinvest frozen cash reserves. This is the first t...

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16Jan By EditorNo Comments

Business, Libya, News, Politics

BREAKING: NOC Chairman Resigns, PM Approves Resignation

Tripoli— In a surprise development the Chairman of the National Oil Corporation (NOC) Farhat Bengdara had submitted his resignation to the Prime Minister Abdulhamid Dbeibah due to "urgent health cond...

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15Jan By EditorNo Comments

Business, News

Hatiba Raises Gas Production As Mellitah Activates Well A22    

Sirte—Al-Hatiba filed has increased its natural gas production to by exceeding 100 million cubic feet per day, a considerable achievement by Sirte Oil and Gas Production and Manufacturing Company, th...

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14Jan By EditorNo Comments

Business, Libya, News

Libya: Oil Revenues Decrease by 22.6% in 2024

Tripoli— Libya has witnessed a sharp decrease in oil revenues by 22.6 per cent in 2024 comparing to the previous year recording only US$15.51 billion compared to $20.04 billion during the year 2023, ...

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12Jan By EditorNo Comments

Business, Libya, News

ITA Resumes Flights to Tripoli, Benghazi Next

Rome— ITA celebrated the resumption of its direct flights to Tripoli, with the launch of the first flight on Sunday 12 January 2025, after a hiatus of more than ten years. The ceremony took place at ...

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9Jan By EditorNo Comments

Business, News

Libya: Zallaf Oil Production at 1,500 barrel on First Day

Tripoli—Zallaf Oil and Gas Exploration, Production and Refining Company has launched this week its production operations in the Chadar oil field NC-126 with a production rate that reached 1,500 barre...

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6Jan By EditorNo Comments

Business, Libya, News

Libyan Foreign Bank Reports US$440 Million Profit in 2024

Tripoli— The Libyan Foreign Bank (LFB) is reporting net profit exceeding US$440 million during the fiscal year 2024, according to a bank statement on Sunday 5 January 2025. These results reaffirm LFB...

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2Jan By EditorNo Comments

Business, News

Libya: PM Promises Speeding Up Stalled Projects in Kufra

Tripoli— The head of the GNU has promised a delegation from Kufra city in southeast Libya to speed up stalled projects in the city as a part of improving living conditions of Libyan citizens in the r...

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1Jan By EditorNo Comments

Business

Electronic Payments in Libya Increase to 20B Dinars

Tripoli—Tripoli—Electronic payments in Libya have witnessed an unprecedented increase in a relatively short period to reach 20 billion dinars, with more than 70,000 points of sale (POS) and four mill...

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27Dec By EditorNo Comments

Business, News

Forbes Middle East to Organize Investment Summit in Libya

Tripoli— An agreement to organize a major investment summit in Tripoli in May next year has been signed between the Libya Ministry of Communication and Political Affairs (MCPA) and Forbes Middle East...

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