Local News: Economic News
Libyan Tax Authority achieves unprecedented revenues exceeding three billion dinars.
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Tripoli, January 06, 2024 (LANA) - The Tax Authority of the Ministry of Finance of the Government of National Unity achieved during the year 2023 the highest percentage of revenues that the authority had achieved since its establishment.The disclosure and transparency report on total revenues prepared by the authority for the period from January 1 to December 31, 2023 showed that the total increase in the value of revenues reached 37 percent over the year 2022, with a value exceeding three... Read more
The Minister of Economy and Trade is following up on the activation of the stock market.
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Tripoli, January 2, 2023 (LANA) - The Minister of Economy and Trade of the National Unity Government, Muhammad Al-Hawaij, visited the stock market on Tuesday, during which he met with the Chairman of the Board of Directors of the Libyan Stock Market, Bashir Ashour.During his tour, the Minister was briefed on the work of departments and offices and the progress of electronic trading operations for the stock market after its activation.Al-Hawaij stressed the importance of activating the... Read more
Libya Africa Portfolio welcomes the reopening of the stock market.
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Tripoli, December 28, 2023 (LANA) - The Africa Investment Portfolio welcomed the reopening of the Libyan stock market, considering it a historic event that reflects the development of the Libyan economy and its movement forward. The Africa Investment Portfolio explained through its Facebook account that opening the stock market is an important step in promoting investment and promoting economic growth in Libya, noting that the market is an important means of supporting and enhancing investment and developing wealth... Read more
Addressing the fuel subsidy clause will only succeed in a stable state.
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Tripoli, December 27, 2023 (LANA) - A workshop on the study (Lifting fuel subsidies: positives and negatives) organized by the Libyan Center for Strategic Studies and National Security this Wednesday morning at its headquarters in Tripoli discussed the concept of fuel subsidies, international experiences, the reality of fuel subsidies in Libya, and an analysis of the data of this study. .The committee in charge of the study made a visual presentation, including an electronic questionnaire, to measure public opinion regarding... Read more
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
