Local News: Economic News
The wave of oil purchases will reach $250 billion in 2023.
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Houston, December 26, 2023 (LANA) - Reuters said on Tuesday that the oil and gas industry has embarked on a buying spree worth $250 billion in 2023, which is about to go away, taking advantage of the rise in company stock prices to secure less expensive reserves and prepare for the following unrest in an industry that is likely to witness more price instability, and worsening security conditions in oil sources across the world....)...... Read more
Al-Dabaiba announces the reopening of trading in buying and selling shares in the Libyan financial market.
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Tripoli, December 25, 2023 (LANA) - The Prime Minister of the National Unity Government, Abdul Hamid Al-Dabaiba, announced today, Monday, the reopening of stock trading in the Libyan financial market in Tripoli and Benghazi after it stopped nine years ago.During his speech at the opening ceremony, Al-Dabaiba stressed that the return of work within the stock market contributes to alleviating the burdens on the state’s economy after overcoming the difficulties that the market suffered in recent years, which caused it to.... Read more
Chambers of Commerce, Industry and Agriculture in Libya are looking into cooperation in the commercial field in Egypt
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Cairo, December 25, 2023 (LANA) - The Libyan trade delegation currently visiting Cairo, headed by the President of the Federation of Chambers of Commerce, Industry and Agriculture in Libya, “Mohamed Al-Raid”, discussed aspects of cooperation with the President of the General Federation of Egyptian Chambers of Commerce, Ahmed Al-Wakil.According to a statement by the Egyptian Chambers of Commerce on Monday, the Libyan delegation invited the Federation of Egyptian Chambers to visit Libya during the coming period to learn about... Read more
CBL Governor meets with US envoy.
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Tripoli, December 23, 2023 (LANA) - The Governor of the Central Bank of Libya, Al-Siddiq Al-Kabir, met last Thursday with the US Special Envoy Richard Norland, the Chargé d'Affaires at the US Embassy in Libya, Jeremy Brent, and the Assistant Secretary-General for Coordination of Humanitarian Affairs in the UN mission, Georgette Jagnon.The Central Bank's media office reported that the meeting discussed efforts to reconstruct Derna and the affected areas and cooperation with the United... Read more
The Libyan Investment Authority announces the completion of the preparation of its consolidated financial statements.
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Tripoli, December 21, 2023 (LANA) - The Libyan Investment Authority announced today, Thursday, the completion of the preparation of the consolidated financial statements for it and for all its affiliated companies, funds, and portfolios.The institution confirmed in a statement on its Facebook account that this step came in cooperation with Deloitte, one of the largest international experts specialized in accounting and auditing, which supervised the revision and evaluation of the lists.The... Read more
