Local News: Economic News
Monitoring workflow at the Commercial Registry.
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Tripoli, July 1, 2025 (LANA) - Minister of Economy and Trade, Mohammed Al-Huwaij, monitored the progress of work and the executive and administrative performance of the Commercial Registry, identifying challenges and technical needs for service development.During the follow-up visit, the Minister held a meeting with the head of the department and directors of departments and offices. During the meeting, the progress of work, mechanisms for implementing digital transformation, and efforts to... Read more
NOC signed a memorandum of understanding with TPAO.
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Istanbul, June 25, 2025 (LANA) – The National Oil Corporation (NOC) signed a memorandum of understanding (MoU) with the Turkish Petroleum Corporation (TPAO) today, Wednesday, in Istanbul.According to the MoU, signed on behalf of the Corporation by Chairman of the Board of Directors Masoud Sulaiman and on behalf of TPAO by its General Manager Ahmet Turkoglu, the Turkish company will conduct a geological and geophysical study of four offshore areas. The NOC... Read more
Tetteh: The value of the Libyan dinar has deteriorated.
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New York, June 24, 2025 (LANA) - The UN envoy to Libya, Hannah Tetteh, said that the value of the Libyan dinar has deteriorated over the past period and that a unified budget has not been reached, placing significant pressure on the Central Bank of Libya.During her regular briefing to the UN Security Council on Tuesday, Tetteh stressed that the lack of agreement on the budget and the ongoing division threaten the already unstable security situation. Tetteh... Read more
Minister of Oil and Gas meets with US Chargé d'Affaires.
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Tripoli, June 19, 2025 (LANA) – The Minister of Oil and Gas in the Government of National Unity, Khalifa Abdul Sadiq, discussed today, Wednesday, in Tripoli, with the Chargé d'Affaires of the United States Embassy in Libya, Jeremy Brent, ways to enhance bilateral cooperation in the energy sector.During the meeting, the two sides discussed prospects for developing partnerships with American companies operating in the oil, gas, and energy sectors, in addition to the possibility of expanding... Read more
Head of the European Mission meets with Naji Issa.
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Tripoli, June 18, 2025 (LANA) - The Governor of the Central Bank, Naji Issa, discussed yesterday, Tuesday, in Tripoli, with the Head of the European Union Delegation to Libya, Ambassador Nicola Orlando, the challenges facing the Libyan economy and the urgent need to stabilize the currency and contain inflation in light of rising public spending, according to the latter's statement.Ambassador Orlando said in a tweet published by the European Union Delegation on its page on the X platform: "We... Read more
