Dabaiba directs investment incentives and halts fish exports

Tripoli, August 24, 2025 (LANA) - Prime Minister of the Government of National Unity, Abdul Hamid Dabaiba, stressed the need to regulate commercial agency procedures and scrutinize trademark issuance mechanisms, in a bid to enhance transparency and prevent violations that could harm the national economy.

This came during a meeting chaired by Dabaiba at the Cabinet Office on Sunday, attended by the Acting Minister of Economy and Trade, Suhail Abu Sheha, the Chairman of the Investment Promotion and Privatization Authority, and the Head of the Commercial Registry Authority.

Dabaiba directed the suspension of any exemptions for fish exports in light of rising local prices, stressing that consumer protection is a top priority for the Government of National Unity.

The meeting was devoted to discussing plans and programs related to stimulating the investment environment and improving commercial registry services. The Authority reviewed its plan to reorganize the general commercial registry and local registries, ensuring data is updated, procedures are simplified, and integration between its offices in various cities.

The meeting also discussed the project for the digital system for the commercial registry and the ongoing steps to prepare a comprehensive investment map that will contribute to attracting local and foreign investment and strengthen partnerships with the private sector.

The meeting addressed the outcomes of the Prime Minister's meeting with the Governor of the Central Bank of Libya regarding the indicative import budget. Coordination mechanisms between the government and the Central Bank were discussed to ensure that import credits are directed in a manner that serves economic stability and meets the needs of the local market.

At the conclusion of the meeting, the Prime Minister directed the preparation of a joint implementation plan between the Ministry of Economy, the Investment Promotion Authority, and the Commercial Registry to facilitate procedures for attracting foreign investment according to a clear timetable.