Local News: Economic News
Al-Hawaij "reviews mechanisms for implementing investment map.
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Tripoli, 22 November, 2022 (Lana) - The Minister of Economy and Trade, Mohamed al-Hawij stressed the need to implement the investment map according to the natural resources available in each region.This came during his meeting Tuesday, with the ministry's undersecretaries, heads and directors of a number of affiliated agencies and advisors at the ministry's headquarters in Tripoli, within the framework of following up on the preparation of the investment map, the completed stages, and the... Read more
The Financial Stability Unit of the Central Bank of Libya, Al-Bayda Branch, issues its financial report for 2018.
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Al-Bayda, February 20, 2022 (LANA) - The Financial Stability Unit of the Central Bank of Libya, Al-Bayda Branch, issued its report for the year 2018.The head of the unit, Haitham Al-Mansoori, said that the report comes in the context of the Central Bank of Libya's keenness to achieve monetary and financial stability and to perform its duties as an economic advisor to the state in accordance with the provisions of Banking Law No. (1) of 2005.Al-Mansoori added that the report contains eight... Read more
Minister of Economy and Trade discusses the mechanism of activating the four agreements with the Egyptian Minister of Trade and Industry.
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Cairo, February 12, 2022 (LANA) - The Minister of Economy and Trade, "Mohamed Al-Hweij", discussed with the Minister of Trade and Industry in Egypt, "Neven Gamea", the mechanism for activating the four freedom agreements concluded between the two countries. The meeting, which was held in Cairo on Thursday, discussed ways to support the technical committees, enhance cooperation in the fields of economy and investment, raise the level of trade exchange and facilitate the movement of goods. The... Read more
Libyan Iron and Steel Company inaugurates Sodium Silicate factory.
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Tripoli, 20 January, 2022 (Lana) - The Libyan Iron and Steel Company inaugurated a factory for dissolving “sodium silicate”, which is used in the cold molding unit of the direct reduction plant, as an advanced step towards further progress and development in this field. The company explained that the factory comes in partnership with the private sector represented by the Horizon Chemical Industries Company, which will implement the obligations of the contract terms, including... Read more
Minister of Oil and Gas announces recovery of oil production by reopening ports of the East.
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Tripoli, 16 January, 2022 (Lana) - Minister of Oil and Gas of the Government of National Unity, Mohamed Aoun, made statements about the recovery of Libyan oil production once again after the end of the siege imposed on the fields in the west and southwest of the country, and the reopening of ports in the east of the country.Mohamed Aoun told Bloomberg News that Libya's production amounted to about 1.2 million barrels per day, indicating that this was the normal level before the round... Read more