18 BILLION DOLLARS IS THE RETURN OF THE LIBYAN OIL CORPORATION FROM THE INVESTMENT WITH “ENI” HTTPS://WWW.WORLD-TODAY-NEWS.COM/18-BILLION-DOLLARS-IS-THE-RETURN-OF-THE-LIBYAN-OIL-CORPORATION-FROM-THE-INVESTMENT-WITH-ENI/   EXPANDED EGYPTIAN INVESTMENT PLANS TO DEMARCATE WESTERN MARITIME BORDERS WITH LIBYA HTTPS://FLIPBOARD.COM/ARTICLE/EXPANDED-EGYPTIAN-INVESTMENT-PLANS-TO-DEMARCATE-WESTERN-MARITIME-BORDERS-WITH-LI/F-8083EFE903%2FAAWSAT.COM   LIBYA’S NOC ATTRACTS NEW $8 BILLION WORTH GAS INVESTMENTS FROM ITALY HTTPS://LIBYAREVIEW.COM/30247/LIBYAS-NOC-ATTRACTS-NEW-8-BILLION-WORTH-GAS-INVESTMENTS-FROM-ITALY/   LIBYA, GERMANY DISCUSS POTENTIAL TO DEVELOP PARTNERSHIP IN RENEWABLE ENERGY HTTPS://LIBYAOBSERVER.LY/INBRIEF/LIBYA-GERMANY-DISCUSS-POTENTIAL-DEVELOP-PARTNERSHIP-RENEWABLE-ENERGY   "LIBYA COMPETES” JOB FAIR IN TRIPOLI HTTPS://WWW.EEAS.EUROPA.EU/DELEGATIONS/LIBYA/LIBYA-COMPETES”-JOB-FAIR-TRIPOLI_EN   LIBYA, TUNISIA PRELIMINARILY AGREE ON OPENING JOINT SEA ROUTE HTTPS://LIBYAOBSERVER.LY/NEWS/LIBYA-TUNISIA-PRELIMINARILY-AGREE-OPENING-JOINT-SEA-ROUTE   LIBYA: HELP MAKE 2023 THE YEAR OF FREE AND FAIR ELECTIONS HTTPS://MODERNDIPLOMACY.EU/2022/12/18/LIBYA-HELP-MAKE-2023-THE-YEAR-OF-FREE-AND-FAIR-ELECTIONS/   FLIGHTS RESUME BETWEEN RIVAL LIBYA CITIES AFTER 7 YEARS [...]

All the best for 2023

The BLBA is proud to work in partnership with the Corinthia Hotel Tripoli to extend the benefits and support offered to UK business and commercial entities visiting the country's capital. The Corinthia’s convenient location in the heart of the business district in Tripoli is a key factor as to why it is the destination of choice for UK expats visiting Tripoli; the Corinthia’s unrivalled service, secure premises, and faultless facilities will ensure its clients return. This partnership with the Corinthia Hotel further emphasises that Libya is open for business and actively seeks commercial engagement with the United [...]

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 Q2 2022, an increase of 151.7% or £915 million from the four quarters to the end of Q2 2021. Of this £1.5 billion:   Total UK exports to Libya amounted to £199 million in the four quarters to the end of Q2 2022 (an increase of 3.6% or £7 million compared to the four quarters to the end of Q2 2021); Total UK imports from Libya amounted to £1.3 billion in the [...]

LIBYA’S MINISTRY OF ECONOMY PARTICIPATES IN COMCEC 38TH SESSION https://www.libyaninvestment.com/libyas-ministry-of-economy-participates-in-comcec-38th-session/ NEW OIL AND GAS DISCOVERIES IN LIBYA http://www.libyaninvestment.com/new-oil-and-gas-discoveries-in-libya/ AL-HUWEIJ REITERATES IMPORTANCE OF DEVISING PLAN TO DIVERSIFY NATIONAL ECONOMY https://libyaobserver.ly/economy/al-huweij-reiterates-importance-devising-plan-diversify-national-economy LIBYANS DESERVE A UNITED MILITARY CAPABLE OF DEFENDING LIBYA'S SOVEREIGNTY, NORLAND SAYS https://libyaobserver.ly/inbrief/libyans-deserve-united-military-capable-defending-libyas-sovereignty-norland-says NEW BUILDINGS AND LANES OPENED AT THE LIBYA-TUNISIA RAS JDAIR LAND BORDER CROSSING https://www.libyaherald.com/2022/12/new-buildings-and-lanes-opened-at-the-libya-tunisia-ras-jdair-land-border-crossing/ LIBYAN AUDIT BUREAU CALLS ON GOVERNMENT NOT TO INCREASE SPENDING https://libyareview.com/29824/libyan-audit-bureau-calls-on-government-not-to-increase-spending/ JMC TO MEET IN SIRTE MID-JANUARY https://libyaobserver.ly/news/jmc-meet-sirte-mid-january MINISTRY OF ECONOMY LAUNCHES OLIVE OIL COMPETITION https://libyaobserver.ly/inbrief/ministry-economy-launches-olive-oil-competition BRITISH EMBASSY CALLS FOR MEANINGFUL PROGRESS IN FIGHTING CORRUPTION IN LIBYA https://libyaobserver.ly/inbrief/british-embassy-calls-meaningful-progress-fighting-corruption-libya MENFI, JINPING DISCUSS [...]

Another significant company joins the BLBA underpinning the continued economic engagement between Libya and the United Kingdom and with the recent requirements for improved energy efficiency it offers a turnkey solution for the management and improvement of cooling systems The Minister of Economy and Trade recently implemented regulations in Libya ensuring all imported, new air conditioning units must contain INVERTER technology. Utilising this latest INVERTER technology to run units on DC can reduce energy demand by 40%. However, these units, and existing units, still need protection to prevent their degeneration over time. Over time the salty, sea [...]

LIBYAN VISA PROCESS STEP ONE - OBTAIN A VISA REFERENCE NUMBER FROM A SPONSOR Obtain a letter of invite from your sponsor originator which should include a reference number, this number will be shared with the UK Libyan embassy or consulate. The sponsor will usually require a copy of your passport, the date and reason for your visit Ensure you tell your sponsor that you will be collecting the visa from the consulate section of the Embassy in London Sponsors can include trade organisations, the company or organisation you are meeting or commercial partners based in Libya. [...]

Since the launch of the Association by the British Ambassador on the 9th November 2022, the association has made significant progress in developing UK/Libyan commercial engagement. In just five weeks, the association has engaged with ten new members, with a further twenty one progressing through the application system; WHY? Because the BLBA is a trade association supported by UK Government that is continually on the ground in Libya, delivering tangible projects and progression for our members. An example of this recognition is the recent signing of a Memorandum of Understanding with the Tripoli Chamber of Commerce, Industry [...]

Since its establishment by Dr. Mohamed A. Tumi in 1990, Tumi Law Firm has solidified its position as the leading legal service provider in Libya. Today, the corporate firm is the largest in Libya, having built a reputation for excellence recognized on local and international levels. This reputation stems from the boutique-sized team’s commitment and dedication to delivering steadfast support to clients to successfully set up, conduct their business and resolve disputes in Libya – all in accordance with international standards and amid a fluctuating political climate. Such achievement has been made possible through the firm’s retainment [...]

AN OVERVIEW OF THE CODE OF CONDUCT One of the most prominent commercial law developments that Libya has witnessed recently is the issuance of a code of conduct related to corporate governance. Decree No 494 on Approving the Code of Conduct (“Decree”) became binding on both commercial entities and their employees in May 2022. This article will explain how the Decree applies to each of commercial entities and their employees and provide examples of the extensive obligations imposed. APPLICATION TO COMMERCIAL ENTITIES The Decree applies to all types of companies governed by Law 23 of 2010 regarding [...]