AIRLINES OPERATING IN LIBYA PLUS TRAVEL INFO AND ADVICE  The Libyan airline industry has faced various challenges over the years, including:  Political instability: Since the fall of the Gaddafi regime in 2011, Libya has been plagued by political instability and violence, with different factions vying for control of the country. This has made it difficult for the airline industry to operate smoothly, with frequent disruptions to flights and airport closures. Security concerns: The security situation in Libya is volatile. This has led to a decrease in the number of international airlines operating in the country and has [...]

BANKS AND THE FINANCIAL SECTOR Libya's banking system has undergone significant changes since the 2011 overthrow of former dictator Muammar Gaddafi. Prior to that, the Libyan banking system was heavily centralized, with the state controlling most of the country's financial institutions. After the revolution, the new government attempted to diversify the financial sector by encouraging private investment and competition. Currently, the Central Bank of Libya (CBL) is the country's primary monetary authority, responsible for issuing currency and regulating the banking sector. There are also a number of private banks operating in the country, including the Libyan Foreign [...]

THE OIL AND GAS SECTOR Libya has a rich history of oil exploration and production. Oil was first discovered in Libya in 1959 at the Amal field, and since then, the country has become one of the largest oil producers in Africa. OPEC has declared Libya as the 2nd largest oil producer in Africa. In the early 1960s, the Libyan government nationalized the oil industry, taking control of the exploration, production, and exportation of oil. This led to the formation of the National Oil Corporation (NOC), which has since become the main regulatory body for the oil [...]

HOW CIVIL WAR UNDERMINES THE HUNT FOR LIBYAN ASSETS? HTTPS://WWW.WEEKLYBLITZ.NET/INTERNATIONAL/HOW-CIVIL-WAR-UNDERMINES-THE-HUNT-FOR-LIBYAN-ASSETS/   LIBYAN GROCERY AND FAST FOOD DELIVERY APP PRESTO EXPANDS INTO BENGHAZI HTTPS://TRENDTYPE.COM/NEWS/LIBYAN-GROCERY-AND-FAST-FOOD-DELIVERY-APP-PRESTO-EXPANDS-INTO-BENGHAZI/   BASHAGHA: I WILL REMAIN IN MY POSITION UNTIL THE ELECTIONS HTTPS://GLOBEECHO.COM/NEWS/MIDDLE-EAST/BASHAGHA-I-WILL-REMAIN-IN-MY-POSITION-UNTIL-THE-ELECTIONS/   LIBYAN ARMED FORCES VOICE READINESS TO SECURE UPCOMING ELECTIONS HTTPS://WWW.AA.COM.TR/EN/AFRICA/LIBYAN-ARMED-FORCES-VOICE-READINESS-TO-SECURE-UPCOMING-ELECTIONS/2872559   DBEIBAH DIRECTS TO DISCUSS GRANTING TAX EXEMPTIONS ON SOME ACTIVITIES HTTPS://LIBYAOBSERVER.LY/INBRIEF/DBEIBAH-DIRECTS-DISCUSS-GRANTING-TAX-EXEMPTIONS-SOME-ACTIVITIES   NOC SEEKS TO FURTHER BOOST PRODUCTION THROUGH ACTIVATING INT. AGREEMENTS HTTPS://LIBYAOBSERVER.LY/INBRIEF/NOC-SEEKS-FURTHER-BOOST-PRODUCTION-THROUGH-ACTIVATING-INT-AGREEMENTS   MELLITAH OIL AND GAS RETURNS OFFSHORE GAS WELL TO PRODUCTION AFTER OVER TWO-YEAR STOP HTTPS://LIBYAHERALD.COM/2023/04/MELLITAH-OIL-AND-GAS-RETURNS-OFFSHORE-GAS-WELL-TO-PRODUCTION-AFTER-OVER-TWO-YEAR-STOP/   ALGERIA DISCOVERS SIX NEW OIL RESERVES, INCLUDING ONE IN PROXIMITY [...]

Understanding the Libyan Commercial Landscape Click HERE for info on the BLBA

RELEASED BY THE U.S. EMBASSY IN TRIPOLI – MARCH 25TH 2023   In April 2022, President Biden announced the United States would prioritize engagement and partnership with Libya under the U.S. Strategy to Prevent Conflict and Promote Stability (#PromoteStability).  The strategy is a long-term initiative to realize the goals of the landmark Global Fragility Act, an innovative effort to foster a more peaceful and stable world.  It is bolstered by additional U.S. investment in Libya’s stabilization and represents a significant U.S. commitment to support Libya’s resilience and progress toward a more peaceful future. To support Libya in breaking the cycle of instability, the United States, in close consultation with Libyan [...]

The British Libyan Business Association (BLBA) is dedicated to fostering strong business relations between the United Kingdom and Libya. Since its inception, we have taken pride in creating a collaborative platform for British and Libyan businesses to grow and thrive together. Now, in response to members requests and previous support, we are excited to announce a platform to allow direct one-to-one engagement, allowing us to focus on better serving our members' unique needs and aspirations through our customised consultancy services delivering market entry services that builds in sync with your progress... As a member of the BLBA, [...]

ENI SET TO SIGN $8 BILLION DEAL FOR NATURAL GAS FIELDS INVESTMENT IN LIBYA, NOC CHAIR SAYS HTTPS://WWW.MARKETSCREENER.COM/QUOTE/STOCK/ENI-S-P-A-413403/NEWS/ENI-SET-TO-SIGN-8-BILLION-DEAL-FOR-NATURAL-GAS-FIELDS-INVESTMENT-IN-LIBYA-NOC-CHAIR-SAYS-42811472/ GOVERNMENT APPROVES NOC PLAN FOR 2023 - 2027 HTTPS://LIBYAOBSERVER.LY/ECONOMY/GOVERNMENT-APPROVES-NOC-PLAN-2023-2027 LIBYA - REVOKE REPRESSIVE ANTI-CYBERCRIME LAW HTTPS://ALLAFRICA.COM/STORIES/202304030117.HTML THE MINISTER OF CULTURE IS DISCUSSING WITH THE QATARI AMBASSADOR ASPECTS OF CULTURAL COOPERATION BETWEEN THE TWO COUNTRIES AND WAYS TO DEVELOP THEM. HTTPS://LANA.GOV.LY/POST.PHP?ID=274982&LANG=EN TURKISH COMPANY LIMAK RESUMES MAINTENANCE OF BENGHAZI SPORTS STADIUM HTTPS://LIBYAHERALD.COM/2023/04/TURKISH-COMPANY-LIMAK-RESUMES-MAINTENANCE-OF-BENGHAZI-SPORTS-STADIUM/ FRENCH HYPERMARKET GÉANT ATTRACTING LOTS OF CUSTOMERS IN ITS FIRST LIBYA BRANCH IN BENGHAZI – MORE BRANCHES TO OPEN ACROSS LIBYA HTTPS://LIBYAHERALD.COM/2023/04/FRENCH-HYPERMARKET-GEANT-ATTRACTING-LOTS-OF-CUSTOMERS-IN-ITS-FIRST-LIBYA-BRANCH-IN-BENGHAZI-MORE-BRANCHES-TO-OPEN-ACROSS-LIBYA/ ALDABAIBA STRESSES NEED TO ACTIVATE AGRICULTURAL PROJECTS [...]

THE LIBYAN CHAMBERS OF COMMERCE  The Libyan Chambers of Commerce is a non-profit organisation that serves as the official representative of the Libyan private sector. It consists of several chambers of commerce at the national and regional levels, including the Tripoli Chamber of Commerce, Benghazi Chamber of Commerce, and Sabha Chamber of Commerce, among others. The primary role of the Libyan Chambers of Commerce is to promote and protect the interests of the private sector, including businesses, entrepreneurs, and investors. This includes advocating for policies supporting economic growth and development, networking opportunities for its members, and facilitating [...]

THE LIBYAN AUDIT BUREAU The audit bureau in Libya is a government agency that is responsible for overseeing and monitoring the financial activities of all public institutions in the country. The audit bureau in Libya has several roles and responsibilities, including: Ensuring compliance with financial laws and regulations: The audit bureau ensures that all public institutions in Libya comply with financial laws and regulations set by the government. It conducts audits and reviews of financial records to identify any discrepancies or irregularities. Preventing corruption: The audit bureau plays a key role in preventing corruption in public institutions [...]