Total trade in goods and services (exports plus imports) between the UK and Libya was £1.5 billion, in current prices, in the four quarters to the end of Q3 2022, an increase of 37.3% or £399 million from the four quarters to the end of Q3 2021. Of this £1.5 billion: Total UK exports to Libya amounted to £219 million, in current prices, in the four quarters to the end of Q3 2022 (an increase of 22.3% or £40 million compared to the four quarters to the end of Q3 2021); Total UK imports from Libya amounted [...]

Careful Reading of the Ministry of Justice’s 11-4-2 Legal Opinion on Foreign Direct Investment (FDI) and Its Implications on the Oil and Gas Investment Industry. Prima facia, the Libyan Ministry of Justice Department’s legal opinion and response to the Deputy Minister of Economy is indeed a reassuring legal piece to foreign investors. It reinforces that foreign investment can take many legal forms and is thus not restricting nor confining foreign investment to establishing branches as projected by the Deputy Minister of Economy. The legal opinion also re-emphasised, what Tumi Law Firm has already been advising its clients, [...]

LIBYA’S FIRST INTERNATIONAL CYBERSECURITY CONFERENCE BEGINS IN BENGHAZI HTTPS://LIBYAREVIEW.COM/31188/LIBYAS-FIRST-INTERNATIONAL-CYBERSECURITY-CONFERENCE-BEGINS-IN-BENGHAZI/   DEVELOPING A STRATEGIC PLAN FOR NATIONAL FOOD SECURITY IS GOVERNMENT’S PRIMARY GOAL IN 2023 HTTPS://WWW.LIBYAHERALD.COM/2023/01/DEVELOPING-A-STRATEGIC-PLAN-FOR-NATIONAL-FOOD-SECURITY-IS-GOVERNMENTS-PRIMARY-GOAL-IN-2023/   TOTALENERGIES BOOSTS STAKE IN WAHA CONCESSIONS IN LIBYA TO 20% ALONGSIDE CONOCOPHILLIPS HTTPS://WWW.MARKETSCREENER.COM/QUOTE/STOCK/TOTALENERGIES-SE-4717/NEWS/TOTALENERGIES-BOOSTS-STAKE-IN-WAHA-CONCESSIONS-IN-LIBYA-TO-20-ALONGSIDE-CONOCOPHILLIPS-42778176/   EUBAM AND SPAIN SUPPORT LIBYAN POLICE AND ARMY WITH TRAINING COURSES HTTPS://WWW.LIBYAHERALD.COM/2023/01/EUBAM-AND-SPAIN-SUPPORT-LIBYAN-POLICE-AND-ARMY-WITH-TRAINING-COURSES/   AFRICA’S TOP ECONOMIC SECTORS POISED FOR GROWTH IN 2023 HTTPS://ENERGYCAPITALPOWER.COM/AFRICA-TOP-ECONOMIC-SECTORS-2023-GROWTH/   TUNISIA TO LAUNCH A PROMOTIONAL PROGRAM FOR EXPORTS TO LIBYA HTTPS://LIBYAOBSERVER.LY/ECONOMY/TUNISIA-LAUNCH-PROMOTIONAL-PROGRAM-EXPORTS-LIBYA   GLOBAL PETROLEUM PRICE: LIBYA SECOND CHEAPEST COUNTRY IN FUEL PRICES HTTPS://LIBYAOBSERVER.LY/INBRIEF/GLOBAL-PETROLEUM-PRICE-LIBYA-SECOND-CHEAPEST-COUNTRY-FUEL-PRICES   LIBYAN AND US CHAMBERS OF COMMERCE SIGN MOU HTTPS://LIBYAOBSERVER.LY/INBRIEF/LIBYAN-AND-US-CHAMBERS-COMMERCE-SIGN-MOU [...]

It was an honour today to meet with Mr Mohamed Taher Issa and have a tour of his hugely impressive factory Al-Jaied Company for Food Industries In addition to the ambitions and achievements of Al-Jaied we discussed many things including dairy livestock herds, engagement with UK suppliers, his extensive interest in many differing economic sector’s and, most impressively, the great ambitions of the special economic zone, truly inspiring to listen to. Without any shadow of a doubt, in the not too distant future, this special economic zone will provide multiple opportunities for engagement with the British business [...]

Day 2 of the British Libyan Business Associations trip to Misrata saw the same message being conveyed to us, that ‘LIBYA IS OPEN FOR BUSINESS’ Misrata Chamber of Commerce The BLBA met with the Chairman and the chamber board along with the Head of External Relations and International Development and, once again the same message was received that Misrata stands by to welcome British investment and enterprise. Many subjects were discussed including sector specific trade missions to support Misrata’s booming economy. The BLBA looks forward to the signing of a Memorandum of Understanding which allows the pursuit [...]

Hugely productive first day of engagement with the business community in Misrata where the BLBA continues to build the framework for British and Libyan engagement. Al-Naseem For Food Industries – very constructive meeting with the biggest producer of dairy products in Libya, the conversation covered many topics where British Expertise could be of great assistance, these included Banking sector reforms to assist commercial operators. Capacity building and certification within food testing and legislation to facilitate export Engagement with the financial sector to reduce costs in sectors such as insurance, Power systems to facilitate the continuity of production [...]

Whilst continuing the strategy of building a strong framework of commercial partners in Libya the BLBA met today with Mr Mohamed RAIED, Chairman of the General Libyan Union of Chambers and his colleagues for very productive discussions on the value of UK and Libyan commercial engagement. These discussions deliver intrinsic value to the future prospects of United Kingdom companies coming to Libya and Libyan companies wishing to visit the UK, they allow the identification of potential sectors for engagement as well as routes to markets and the resolution of many obstacles to success. Whilst this network continues [...]

LIBYA OIL REVENUES AT 9-YEAR HIGH HTTPS://WWW.MEES.COM/2023/1/13/ECONOMICS-FINANCE/LIBYA-OIL-REVENUES-AT-9-YEAR-HIGH/1D3B9460-934C-11ED-8CE4-E5468305E94D   LIBYA'S OIL MINISTER: WE HAVE ENOUGH SOLAR POWER TO EXPORT ELECTRICITY HTTPS://LIBYAOBSERVER.LY/ECONOMY/LIBYAS-OIL-MINISTER-WE-HAVE-ENOUGH-SOLAR-POWER-EXPORT-ELECTRICITY   AL-MISHRI DISCUSSES WITH THE ALGERIAN AMBASSADOR BILATERAL RELATIONS AND STEPS RELATED TO THE ACHIEVEMENT OF THE CONSTITUTIONAL BASIS HTTPS://LANA.GOV.LY/POST.PHP?ID=267507&LANG=EN   FRENCH AMBASSADOR: FRANCE SUPPORTS CONSENSUS ON ELECTORAL LEGISLATIONS HTTPS://LIBYAOBSERVER.LY/INBRIEF/FRENCH-AMBASSADOR-FRANCE-SUPPORTS-CONSENSUS-ELECTORAL-LEGISLATIONS   LIBYA COMES THIRD IN AFRICA IN IMPORTING TURKISH PRODUCTS HTTPS://LIBYAOBSERVER.LY/INBRIEF/LIBYA-COMES-THIRD-AFRICA-IMPORTING-TURKISH-PRODUCTS   LIBYAN OIL AND GAS MINISTER HIGHLIGHTS COUNTRY'S CONTRIBUTION TO EASING GLOBAL ENERGY CRISIS HTTPS://WWW.PANAPRESS.COM/LIBYAN-OIL-AND-GAS-MINISTER-HIGH-A_630738360-LANG2-FREE_NEWS.HTML   LIBYAN 5+5 JOINT MILITARY COMMITTEE CONVENES FOR FIRST TIME IN 7 MONTHS HTTPS://WWW.AA.COM.TR/EN/AFRICA/LIBYAN-5-5-JOINT-MILITARY-COMMITTEE-CONVENES-FOR-FIRST-TIME-IN-7-MONTHS/2788474   DOZENS OF LIBYAN MANUFACTURERS WILL PARTICIPATE [...]

It was a great pleasure today to exchange ideas and viewpoints with former prime minister Mr Ahmed Maiteeq about UK and Libyan engagement. The British Libyan Business Association continues to reach out to gain a full understanding of the opportunities for engagement between British and Libyan entities and how best to work together for the betterment of both countries.

The British Libyan Business Association is proud to welcome BancTrust to the Association. BancTrust brings a unique and much needed service to the financial sector in Libya. Welcome  BancTrust is a London headquartered investment bank authorised and regulated by the Financial Conduct Authority in the United Kingdom. BancTrust & Co. offers corporate and investment banking, securities dealing and financing, as well as investment research products and services to a diversified client base. Our aim is to provide in-depth local market research and expertise to international institutional investors, as well as international insight and skillset to emerging markets- [...]