Local News: Economic News
Minister of Local Government reviews the results of the Libyan-Chinese Economic Forum.
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Tripoli, June 07, 2024 (LANA) - Minister of Local Government and Chairman of the Supreme Committee for Libyan-Chinese Cooperation, Badr al-Din al-Toumi, reviewed the results of the Libyan-Chinese Economic Forum, in which more than 80 Chinese companies participated.Al-Toumi briefed the committee members on the results of Al-Dbaiba’s visit to China and his participation in the 10th session of the Arab-Chinese Forum. The meeting was attended by directors of... Read more
The National Oil Corporation reveals details of its revenues transferred to the Central Bank until the end of May 2024.
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Tripoli, June 2, 2024 (LANA) - The National Oil Corporation revealed today, Sunday, the details of the revenues transferred to the Central Bank of Libya, until the end of May 2024.The Foundation said in a post on its official Facebook page that revenues on January 28, 2024 amounted to 1 billion US dollars, on February 11, 2024, 500 million US dollars, on February 20, 2024, 1 billion US dollars, and on March 4, 2024, it amounted to 500 million US dollars.On March 14, 2024, it amounted to 500... Read more
The truck and bus company signs an agreement to restart production lines with the Italian partner Iveco.
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Tajora, May 24, 2024 (LANA) - The Board of Directors of the Truck and Bus Company signed yesterday, Thursday, with the regional director of the Italian company Iveco in North Africa and the Middle East at the company’s headquarters in the Tajora Industrial Complex, an agreement to restore the company’s activity, begin supplying, and actually begin work as soon as possible, following an expanded meeting with Minister of Industry and Minerals, Ahmed Abu Heisa. The Information... Read more
The truck and bus company meets with the foreign Italian partner IVECO.
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Tajora, May 24, 2024 (LANA) - The joint-stock truck and bus company discussed with a delegation from the foreign Italian partner, IVECO, strengthening of joint cooperation between them and the revival of the company’s industrial activities.The company's Facebook page stated that a delegation from IVECO, the strategic partner, visited the company's headquarters in Tajora, during which it was briefed on the factories and production lines. Also explained... Read more
International Monetary Fund: Libya urgently needs a clear national economic vision for the future.
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Tripoli, May 19, 2024 (LANA) - The International Monetary Fund called on Libya to develop a clear economic vision for the country and diversify its economic activities away from oil and gas.In its special report regarding the recent visit of its experts to Libya, the Fund urged the Libyan authorities to take advantage of the comparative advantages that the country enjoys, such as its location, land area, natural resources, and easy access to energy and labor, to promote the development of non-oil economic.... Read more
