Economy

NOC head: Refunctioning of Sharara field boosts Libyan oil production by third

Wednesday, March 20, 2019 - 11:33

The head of the National Oil Corporation (NOC), Mustafa Sanallah said that Libya has boosted its oil outputs by one third after resuming production at Sharara oilfield, clarifying that production operations currently a

Libya, Egypt chambers of commerce sign cooperation agreement in areas of construction

Tuesday, March 19, 2019 - 11:56

Chairman of the Libyan Chamber of Commerce, Mohamed Al-Ruaid disclosed that a joint cooperation agreement was signed between the Chamber of Commerce and Industry of Libya and its counterpart in Egypt to promote coopera

Monitoring committee for frozen funds in HoR criticizes Belgium step of disposing Libyan frozen assets

Tuesday, March 19, 2019 - 11:51

The head of the monitoring committee for the Libyan funds frozen abroad in the House of Representatives (HoR), Yusuf Al-Akouri expressed surprise at the Belgian government's action to release 100 million euros in inter

Libya's 2019 budget is worth 46.8 billion dinars

Monday, March 18, 2019 - 20:41

The Presidential Council (PC) in Tripoli has announced that the financial arrangements (budget) of 2019 will be about 46.8 billion dinars.

Economy and Industry Minister: No return to supporting programs

Monday, March 18, 2019 - 12:43

Minister of Economy and Industry Ali Al-Issawi said that the state-owned Price Stabilization Fund (PSF) is unable to assume the responsibility for providing price stability in the market, stressing that the ministry has no plans

Belgium is involved in the disposal of Libyan frozen assets, reports say

Monday, March 18, 2019 - 11:09

Belgian newspaper "The Standard" revealed in a report that the Belgian government had released 2.7 billion euros in interest out of 14 billion euros of Libyan frozen funds since 2011.

Transport Ministry reviews activating contracts with Korean company to build passenger terminals

Saturday, March 16, 2019 - 12:15

Minister of Transport, Milad Maatouq discussed with the Korean Ambassador to Libya Choi Sung-Soo the activation of contracts with Korean companies on the implementation of two passenger terminals in Misurata and B

Libya reviews private sector cooperation with EU countries

Thursday, March 14, 2019 - 16:12

The Ministries of Labor, Economy, and Planning discussed with representatives from France Foundation and the European Union mission in Tripoli; project proposals to support the private sector in Libya during this year.