Manufacturing is going to play a major role in the futures of Africa, the Middle East, and Asia. But only if the manufacturing boom is backed by an overhaul of energy infrastructure. Countries have recognised that manufacturing is essential for sustained GDP growth: In Africa, it’s expected to help bring 30 million people out of extreme poverty. The UAE plans to grow manufacturing 30% by 2031 as part of its plan to diversify from oil and gas as the adoption of renewable energy rises. In India the government is aiming to increase the share of manufacturing in [...]

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The Emerging Digital Conflict: Libya’s Struggle with Unlawful Cryptocurrency Mining https://cryptomode.com/the-emerging-digital-conflict-libyas-struggle-with-unlawful-cryptocurrency-mining/ Chinese Nationals Arrested in Illegal Cryptocurrency Mining Operation in Libya https://www.cryptopolitan.com/chinese-national-illegal-crypto-mining-libya/ With Nine Active Ports, Libya Exports More Than 26 Million Barrels Of Oil A Month https://www.libyaninvestment.com/with-nine-active-ports-libya-exports-more-than-26-million-barrels-of-oil-a-month/ KPMG assisted Mitiga airport DBOT development plan discussed https://libyaherald.com/2023/06/kpmg-assisted-mitiga-airport-dbot-development-plan-discussed/ Libyan security firms set for bonanza as foreign companies banned https://www.africaintelligence.com/north-africa/2023/06/27/libyan-security-firms-set-for-bonanza-as-foreign-companies-banned,109997818-eve Libyan Prime Minister Welcomes Restoration Of Russia's Full Diplomatic Presence - Source https://www.urdupoint.com/en/world/libyan-prime-minister-welcomes-restoration-of-1715140.html The Current State of Libya’s Energy Market: Opportunities and Challenges https://www.energyportal.eu/news/the-current-state-of-libyas-energy-market-opportunities-and-challenges/37244/ A Libyan American meeting held in Washington DC to encourage investment and resumption of stalled [...]

Libya's Haftar backs creation of new government in challenge to Tripoli https://www.zawya.com/en/economy/north-africa/libyas-haftar-backs-creation-of-new-government-in-challenge-to-tripoli-d43w65ng The Benghazi Municipality launches master plan and expansion project for the city https://libyaupdate.com/the-benghazi-municipality-launches-master-plan-and-expansion-project-for-the-city/ General Authority for Exhibitions signs agreement with Turkish state exhibitions company Nobel https://libyaherald.com/2023/06/general-authority-for-exhibitions-signs-cooperation-agreement-with-turkish-state-exhibitions-company-nobel/ Libya declares win in treaty claim over Gaddafi-era expropriation https://globalarbitrationreview.com/article/libya-declares-win-in-treaty-claim-over-gaddafi-era-expropriation Libya Union of Chambers visits Czech Chamber of Commerce in Prague https://libyaherald.com/2023/06/libya-union-of-chambers-visits-czech-chamber-of-commerce-in-prague/ First Education Forum for Turkish Universities in Libya – Tripoli 24 to 26 June https://libyaherald.com/2023/06/first-education-forum-for-turkish-universities-in-libya-tripoli-24-to-26-june/ The Impact of Political Instability on Libya’s Energy Marke https://www.energyportal.eu/news/the-impact-of-political-instability-on-libyas-energy-market/35339/ NOC boss Bengdara appoints Haftar loyalists to run subsidiaries https://www.africaintelligence.com/north-africa/2023/06/16/noc-boss-bengdara-appoints-haftar-loyalists-to-run-subsidiaries,109994576-ar2 CBL Governor [...]

This factsheet provides the latest statistics on trade and investment between the UK and Libya. This factsheet provides the latest statistics on trade and investment between the UK and Libya. Date of release: 21 June 2023; Date of next planned release: 20 July 2023 Total trade in goods and services (exports plus imports) between the UK and Libya was £1.5 billion in the four quarters to the end of Q4 2022, an increase of 15.5% or £207 million in current prices from the four quarters to the end of Q4 2021. Of this £1.5 billion: Total UK [...]

The Libyan Joint Committee: The Electoral Laws Accommodate Different Visions And Dispel The Fears Of All Parties https://globeecho.com/politics/the-libyan-joint-committee-the-electoral-laws-accommodate-different-visions-and-dispel-the-fears-of-all-parties/ Reforms Guide Identifies Top Reform Priorities to Improve Business Environment in Libya https://mid-east.info/reforms-guide-identifies-top-reform-priorities-to-improve-business-environment-in-libya/ Eni (E) to Explore Emission Reduction Opportunities in Libya https://www.nasdaq.com/articles/eni-e-to-explore-emission-reduction-opportunities-in-libya Telecom Italia's Sparkle, Libya Telecom Firm Sign Deal for Submarine Cable https://www.marketwatch.com/story/telecom-italia-s-sparkle-libya-telecom-firm-sign-deal-for-submarine-cable-93b76189 Libya Is Taking The Path Of “Consensus” And Is Awaiting The Official Signing https://globeecho.com/news/libya-is-taking-the-path-of-consensus-and-is-awaiting-the-official-signing/ After an 8-year lease, Afriqiyiah plane returns to Tripoli from Istanbul https://libyaherald.com/2023/06/after-an-8-year-lease-afriqiyiah-plane-returns-to-tripoli-from-istanbul/ CBL Governor, World Bank Director discuss Libyan institutions https://libyaupdate.com/cbl-governor-world-bank-director-discuss-libyan-institutions/ Libyan American Company holds workshop in Benghazi on food [...]

Tripoli, Libya - June 14, 2023 - Following a notable mention in Ambassador Caroline Hurndall’s speech at the grand celebration of King Charles's birthday at the British Embassy in Tripoli, Libya, it's time to shed light on our accomplishments. Over the past seven (7) months, we have diligently collaborated with two esteemed major Libyan partners on groundbreaking infrastructure projects, strategically infusing UK expertise into their execution strategies. In conjunction with a prominent Libyan trade association and a leading UK entity, we are spearheading the development of a transformative capacity-building program poised to revolutionise Libya's ability to export [...]

Tripoli- Libya - It was an absolute honor to receive an invitation from Her Excellency Ambassador Caroline Hurndell to join in the celebration of King Charles III's birthday at the British Embassy in Tripoli, Libya. The event provided a wonderful opportunity for the British Libya Business Association (BLBA) to engage with esteemed business leaders from Libya in a relaxed and enjoyable atmosphere. The BLBA had the privilege of meeting and interacting with numerous influential figures within Libya's business community during this informal and thoroughly pleasant celebration. It was an occasion filled with warmth, camaraderie, and a shared [...]

Libya plans gas terminal upgrade projects https://www.meed.com/libya-planning-gas-terminal-upgrade-projects Libyan Prime Minister says "no war from now on" https://libyaobserver.ly/news/libyan-prime-minister-says-no-war-now NOC completes strategic project to increase local gas supply and clean pipelines https://libyaherald.com/2023/05/noc-completes-strategic-project-to-increase-local-gas-supply-and-clean-pipelines/ IMF Wraps Up Libya’s 2023 Article IV Consultation https://www.miragenews.com/imf-wraps-up-libyas-2023-article-iv-consultation-1014299/ FDCC destroys non-conforming shipments of medicines, calls on suppliers to respect Libyan health standards https://libyaherald.com/2023/05/fdcc-destroys-non-conforming-shipments-of-medicines-calls-on-suppliers-to-respect-libyan-health-standards/ Benghazi Turkish Trade Exhibition postponed to 12-15 June https://libyaherald.com/2023/06/benghazi-turkish-trade-exhibition-postponed-to-12-15-june/ HB Group opens Apple authorised I-Shop reseller in Tripoli’s Siyahia https://libyaherald.com/2023/06/hb-group-opens-apple-authorised-i-shop-reseller-in-tripolis-siyahia/ REAoL opens Benghazi office – to open office in south soon https://libyaherald.com/2023/06/reaol-opens-benghazi-office-to-open-office-in-south-soon/ Libya: Foreign Parties Attempt To Foment Political Stability – OpEd https://www.eurasiareview.com/03062023-libya-foreign-parties-attempt-to-foment-political-stability-oped/ [...]

Libya’s economy shows resilience despite facing low and volatile economic growth. The World Bank estimates a 1.2 percent contraction in Libya’s economy for 2022, primarily attributed to a decline in oil production during the first quarter of the year. High unemployment rates of 19.6 percent persist, with over 85 percent of the working population engaged in the public and informal sectors. Inflation has been significantly driven by rising food, housing, and electricity prices. The official Consumer Price Index (CPI) reached 4 percent by the end of 2022, while the Minimum Expenditure Basket (MEB) saw a peak increase [...]