‘‘The Promising Mining Potentials and Opportunities in Southern Libya, Fezzan’’: Workshop Click HERE for a link to the story   “The First International Mining Exhibition and Forum, Benghazi – 26 to 28 November” Click HERE for a link to the story

Ministry of Transport says completion of work at Tripoli International Airport will be middle of next year https://libyaobserver.ly/inbrief/ministry-transport-says-completion-work-tripoli-international-airport-will-be-middle-next   Delegation from Libya’s Ministry of Economy and Trade visits Malaysian Development and Construction Authority https://libyaherald.com/2023/11/delegation-from-libyas-ministry-of-economy-and-trade-visits-malaysian-development-and-construction-authority/   Chinese company Anton Oil Services Group makes presentation to Brega https://libyaherald.com/2023/11/chinese-company-anton-oil-services-group-makes-presentation-to-brega/   WFP, Ministry of Agriculture sign MoU https://libyaobserver.ly/inbrief/wfp-ministry-agriculture-sign-mou   CBL: Committed to working with IMF https://libyaobserver.ly/index.php/economy/cbl-committed-working-imf   Italian press" Russia is cooperating with Haftar to establish a military corps in Africa https://libyaobserver.ly/inbrief/italian-press-russia-cooperating-haftar-establish-military-corps-africa   Takala discusses with US officials rebuilding projects in Libya https://libyaobserver.ly/economy/takala-discusses-us-officials-rebuilding-projects-libya   Non-oil revenues registered LD 2.14 bn in [...]

The Tax Authority stated in its latest report that non-oil tax revenues, up to September 2023, were LD 2.14 bn. These figures represent a rise of LD 0.56 bn or 35 percent on the LD 1.585 bn – for the same period in 2022. It will be recalled that Libya is trying to diversify its economy by increasing its non-oil revenues For the full article CLICK HERE

This factsheet provides the latest statistics on trade and investment between the UK and Libya. Date of release: 17 November 2023. Total trade in goods and services (exports plus imports) between the UK and Libya was £1.7 billion in the four quarters to the end of Q2 2023, an increase of 10.5% or £163 million in current prices from the four quarters to the end of Q2 2022. Of this £1.7 billion: Total UK exports to Libya amounted to £339 million in the four quarters to the end of Q2 2023 (an increase of 41.3% or £99 [...]

How Can Women in Business Contribute to Libya's Collaboration with the International Community? Women in business can play a pivotal role in enhancing Libya's engagement with the international community in several ways. Firstly, by establishing and expanding businesses, they contribute to economic growth, making Libya an attractive partner for international trade and investment. This economic stability fosters positive relations with other nations. Moreover, women entrepreneurs can serve as effective ambassadors for Libya on the global stage. Their achievements showcase the country's talent and potential, helping to reshape international perceptions and dispel stereotypes. Actively participating in international conferences, [...]

Libya reviews localization of biofuel industry and production https://libyaobserver.ly/inbrief/libya-reviews-localization-biofuel-industry-and-production LNA Denies Haftar Seeking to Allow Russia to Set up Military Base in Libya https://english.aawsat.com/arab-world/4652806-lna-denies-haftar-seeking-allow-russia-set-military-base-libya Newly appointed British ambassador reiterates UK's support for Bathily's roadmap https://libyaobserver.ly/news/newly-appointed-british-ambassador-reiterates-uks-support-bathilys-roadmap LAIP discusses cooperation with Turkish Yildirim Group and African Finance Corporation https://libyaherald.com/2023/11/laip-discusses-cooperation-with-turkish-yildirim-group-and-african-finance-corporation/ Dbeibeh: Fuel smuggling will not stop until we scrap subsidy https://libyaupdate.com/dbeibeh-fuel-smuggling-will-not-stop-until-we-scrap-subsidy/ German embassy delegation visits Misrata Free Zone to discuss German company investment https://libyaherald.com/2023/11/german-embassy-delegation-visits-misrata-free-zone-to-discuss-german-company-investment/ Putin’s Move to Secure Libya Bases Is New Regional Worry for US https://www.bloomberg.com/news/articles/2023-11-05/putin-s-move-to-secure-libya-bases-is-new-regional-worry-for-us?leadSource=uverify%20wall Reopening of Russian consulate discussed with Benghazi based Libyan government https://libyaherald.com/2023/11/reopening-of-russian-consulate-discussed-with-benghazi-based-libyan-government/ WFP and [...]

Mastering commercial competence, especially in the realm of international negotiations, is influenced by natural talent, educational foundation, direct involvement, and the intricacies of the specific industry engaged. Those who have pursued formal business studies often find that their academic knowledge lays a solid groundwork for understanding commercial dynamics. However, it is the rich tapestry of practical, hands-on experience that hones skills. The depth and complexity of the chosen sector undoubtedly shape’s the learning curve. Intricate industries demand more in-depth knowledge and can extend the path to proficiency.  Mentorship, staying abreast of global market trends, building professional networks, [...]

Italy’s Rosetti Marino Secures $300M Contract for Offshore Libyan Gas Project https://energycapitalpower.com/rosetti-marino-contract-saipem-libya-gas/ Libyan Tourism Minister Discusses Collaboration with Italian Companies https://libyareview.com/38906/libyan-tourism-minister-discusses-collaboration-with-italian-companies/ Committee for Localising Oil Fields Equipment conducts meetings, seeking to reduce Libya’s LD 2 to 3 bn oil spare parts import bill https://libyaherald.com/2023/11/committee-for-localising-oil-fields-equipment-conducts-meetings-seeking-to-reduce-libyas-ld-2-to-3-bn-oil-spare-parts-import-bill/ Tripoli Libyan government to start issuing electronic Libyan visas to reciprocating countries, visa exemptions for cohorts from Egypt and Turkey https://libyaherald.com/2023/11/tripoli-libyan-government-to-start-issuing-electronic-libyan-visas-to-reciprocating-countries-visa-exemptions-for-cohorts-from-egypt-and-turkey/ LAIP receives offer to operate petroleum product factories https://libyaobserver.ly/economy/laip-receives-offer-operate-petroleum-product-factories Tripoli Health Ministry launches pilot comprehensive health coverage project in Abu Saleem https://libyaherald.com/2023/10/tripoli-health-ministry-launches-pilot-comprehensive-health-coverage-project-in-abu-saleem/ The ten sub-Saharan African countries that will experience GDP growth [...]

This factsheet provides the latest statistics on trade and investment between the UK and Libya. Date of release: 1 November 2023; Total trade in goods and services (exports plus imports) between the UK and Libya was £1.7 billion in the four quarters to the end of Q2 2023, an increase of 10.5% or £163 million in current prices from the four quarters to the end of Q2 2022. Of this £1.7 billion: Total UK exports to Libya amounted to £339 million in the four quarters to the end of Q2 2023 (an increase of 41.3% or £99 [...]

Another in our "Understanding Libya" series"   Engaging with Libya’s diverse commercial audience is paramount because it broadens market reach, drives innovation through varied perspectives, and enhances brand resonance with a globalised consumer base, thereby maximising opportunity, profitability and sustainability in an increasingly interconnected country. The international community tends to focus on the major cities of Tripoli Benghazi and Misrata but the commercial opportunities within other cities and principalities should not be ignored.   THE AUTONOMY OF LIBYA’S CITIES AND MUNICIPALITIES In Libya, the terms "municipalities" and "cities" denote different administrative and territorial units. Municipalities: After the [...]