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Derna Receives First Commercial Ship after Catastrophe

14Dec

By EditorNo Comments

Business, Libya

Derna Receives First Commercial Ship after Catastrophe

Derna_ The Libyan city of Derna that was devastated more than a year ago by Storm Daniel celebrated Friday the entering of the first commercial ship to its newly reopened seaport after being repaired...

Malta Lifts Restrictions on 1,800 Libyan Bank Accounts?

12Dec

By EditorNo Comments

Business, World

Malta Lifts Restrictions on 1,800 Libyan Bank Accounts?

NEWS ANALYSIS Tripoli_ The Libyan Foreign Ministry announced Wednesday that Malta will be lifting restrictions imposed on 1,800 bank accounts belonging to Libyan citizens and firms in the Maltese ...

New Bridge in Derna Could Open Way for Reconstruction Drive in Libya

7Dec

By EditorNo Comments

Business, Libya, News

New Bridge in Derna Could Open Way for Reconstruction Drive in Libya

Derna_ As a part of reconstructing Derna, the city in eastern Libya that was devastated by Storm Daniel in the middle of the night on 10 September 2023, the bridge of Wadi Marqus (Marquis Valley) in ...

NOC to Oil Companies: Expand Investments in Libya

4Dec

By EditorNo Comments

Business, Libya

NOC to Oil Companies: Expand Investments in Libya

Tripoli_ The National Oil Corporation (NOC) called on foreign oil companies working in Libya that there is now a great opportunity to expand their operations in the country and it would be of a great...

Libya’s Central Bank to Print 30B LYD in New Banknotes

2Dec

By EditorNo Comments

Business, Libya, News

Libya’s Central Bank to Print 30B LYD in New Banknotes

Tripoli_ The Central Bank of Libya (CBL) has signed a contract to print what is worth 30 billion Libyan dinars worth of new banknotes as part of its efforts to solve the problem of cash shortages in ...

NOC, GTG to Introduce Renewable Energy to Oil Fields

30Nov

By EditorNo Comments

Business, Libya

NOC, GTG to Introduce Renewable Energy to Oil Fields

Tripoli_ As part of its plan to modernize the oil sector infrastructure, Libya National Oil Corporation (NOC) is now introducing, with help from partner foreign companies, renewable energy technologi...

US Embassy Links Investors in Tripoli, Startups in South

23Nov

By EditorNo Comments

Business, Libya, News

US Embassy Links Investors in Tripoli, Startups in South

A team from the US Embassy to Libya visits the University of Benghazi Business Incubator to meet with the incubator's management team and student entrepreneurs. Tripoli_ The US Embassy in Li...

Government, NOC Agree on Plan to Increase Oil Production

21Nov

By EditorNo Comments

Business, Libya

Government, NOC Agree on Plan to Increase Oil Production

Plans to increase oil production in Libya have reached their execution phase after both the Government and the oil sector agreed to proceed in the direction to hit the 2 million bpd by 2025. Tripo...

Libya: PM Criticized for Cancelling Housing Loans

9Apr

By EditorNo Comments

Business, News, Politics

Libya: PM Criticized for Cancelling Housing Loans

Tripoli_ Libyan Prime Minister Abdulhamid Dabbiaba has come under strong criticism after he annulled Sunday a resolution he made last year to provide housing loans to the youth. The PM office has not...

Libyan Oil Production is Up, NOC’s 4-year Plan Approved

7Apr

By EditorNo Comments

Business, News

Libyan Oil Production is Up, NOC’s 4-year Plan Approved

Tripoli _ The High Council for Energy Affairs of Libya has on Thursday approved the four-year plan (2023-2027) presented by the National Oil Corporation (NOC), the corporation said on its ...