Local News: Economic News
Central Bank to issue electronic cards at value of (100) thousand dollars annually for small traders.
Pulbished on:
Tripoli, February 23, 2023 (Lana) – The Central Bank of Libya announced, Thursday, its intention to issue electronic cards (MasterCard - Visa) at a value of $100,000 annually, to small merchants, as of the first of next March. In a post on its official Facebook page, the bank said; “ In order to facilitate and encourage small merchants with individual licenses and industrial and service companies”, the Central Bank of Libya decided, during the meeting of the bank’s governor, Al-Siddiq Al-Kabir with the concerned departments,... Read more
Enhancing economic cooperation is focus of Libyan-Tunisian ministerial session.
Pulbished on:
Tunisia, February 23, 2023 (Lana) – A joint ministerial working session was held, Wednesday at the headquarters of the Tunisian Ministry of Industry devoted to further enhancing the prospects for Libyan-Tunisian economic cooperation in various fields, according to a statement on the official website of the Tunisian Ministry. The session was held under the auspices of GNU Minister of Transport, Mohamed Salem Al-Shahoubi, and Mustafa Qadara, Chargé d'Affairs at the Libyan Embassy in... Read more
Italy is Libya's first trading partner in the first eleven months of 2022.
Pulbished on:
Rome, February 16, 2023 (LANA) - The Agency for Trade Promotion and Internationalization of Italian Companies confirmed today, Thursday, that Italy is Libya's first trading partner in the first eleven months of 2022.According to the Trade Promotion Agency, the volume of trade between Italy and Libya amounted to 11.09 billion euros, an increase of 67.38 percent compared to the same period in 2021, and a market share of 23.19 percent, ahead of China, which recorded an increase of 9.22 percent, with a market share of 4.41 billion... Read more
Minister of Economy and Trade participates in the meeting of the Arab Economic and Social Council.
Pulbished on:
Tripoli, February 11, 2023 (LANA) - The Minister of Economy and Trade of the Government of National Unity, "Mohammed Al-Hawij," participated in the meeting of the Arab Economic and Social Council, which was held at the headquarters of the League of Arab States. In the meeting, the Arab ministers discussed ways to activate the Greater Arab Free Trade Area and a number of economic and social files in the region that contribute to enhancing trade exchange and facilitating the flow of... Read more
Al-Waha Oil Company announces the maintenance of 51 oil wells, including wells that were closed for a long time.
Pulbished on:
Tripoli, February 8, 2023 (LANA) – Al-Waha Oil Company announced today, Wednesday, the maintenance of (51) oil wells in its various fields, including (31) wells that were closed for a long time due to technical and reservoir problems.The company stated on its Facebook page that the production achieved from recovering closed wells amounted to 5,400 barrels per day, while the added production from maintaining and improving the production of wells amounted to 9,250 barrels per day.Al-Waha... Read more
