World News: Economic News
The First African Union Debt Conference Adopts a Unified Declaration to Address the Debt Crisis and Call for Comprehensive Global Financial Reforms.
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Lomé, May 21, 2025 (LANA) - The First African Union Debt Conference concluded in the Togolese capital, Lomé, with the issuance of a joint declaration reflecting a unified position of African countries on the growing challenges associated with external debt.In their declaration, African leaders affirmed their full commitment to implementing all possible measures at the national, continental, and international levels to address the worsening debt crisis, in line with the requirements of economic... Read more
US tariffs on Libya reach 31%.
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Washington, April 3, 2025 (LANA) - US President Donald Trump announced in a speech at the White House on Wednesday that the United States will impose the same tariff rates on all countries as it imposes on Washington, noting that 10% is the lowest tariff rate.Trump imposed varying rates on Arab countries. Syria was among the Arab countries on which Trump imposed the highest tariffs, at 41%, followed by Iraq at 39%, Libya at 31%, Algeria at 30%, Tunisia at 28%, and Jordan at%. ... Read more
The World Bank finances a $100 million program in Tunisia.
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Tunisia - February 28, 2025 (LANA) - The World Bank Board announced today, Friday, its approval to finance a $100 million program to enhance the opportunities of university graduates in the labor market.The Tunisian News Agency, said that the funding will be directed to reforming study programs, digital transformation, and governance of university institutions. It also includes enhancing the employability of university graduates by improving their skills and knowledge of what the labor market... Read more
Dbaiba meets a delegation from the World Bank
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Tripoli, February 18, 2025 (LANA) - The head of the Government of National Unity, "Abdul Hamid Dbaiba", agreed with the Vice President of the World Bank Group for the Middle East and North Africa Region, "Osman Dionne", to reopen the World Bank office in Tripoli after a closure that lasted about seven years since 2019.During Dibaba's meeting today, Tuesday, at the Cabinet Office, an agreement was reached to implement a package of initiatives with technical and advisory support from the World... Read more
The Federation of Egyptian Chambers of Commerce announces pumping new investments into Libya.
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Tripoli, February 15, 2025 (LANA) Secretary-General of the Federation of Chambers of Commerce "Alaa Ezz", said that his country will work to pump new investments into Libya and start operating the stopped factories.This came in press statements made by "Ezz" during his inspection with the Minister of Economy and Trade in the Government of National Unity "Mohamed Al-Huwaij" yesterday, Friday, of the "Cairo Fashion Index" exhibition held in the Egyptian capital,. ... Read more
