Another in our “understanding Libya” series In recent times, Libya's forays into international and national trade agreements have become a focal point for both commendations and criticisms. Often painted as a beacon of potential economic revival, there are untold stories beneath many trade contracts that require scrutiny. This article aims to shed light on the contentious aspects of Libya's trade dynamics and why so few come to fruition helping to bring focus on the difference between real economic development and good intents that just blow in the wind!   Why Does Libya Sign So Many MOU's, Engage [...]

Audit Bureau unveils Libya’s 2022 revenues and expenditures https://libyaalahrar.net/audit-bureau-unveils-libyas-2022-revenues-and-expenditures/ Libya to double gas output in 5 years, boost exports – NOC https://www.montelnews.com/news/1528988/libya-to-double-gas-output-in-5-years-boost-exports--noc LISCO exports 9,000 tons of HBI to Egypt https://libyaherald.com/2023/10/lisco-exports-9000-tons-of-hbi-to-egypt/ Libya Sovereign Fund Assets Frozen Abroad Drop Over $1 Billion, Report Finds https://libyaupdate.com/libya-sovereign-fund-assets-frozen-abroad-drop-over-1-billion-report-finds/ Dutch Company Faces Criminal Investigation for Transporting Trucks to Libya https://maritime-executive.com/article/dutch-company-faces-criminal-investigation-for-transporting-trucks-to-libya Bangladesh, Libya sign MoU for safe recruitment of workers https://www.tbsnews.net/bangladesh/migration/bangladesh-libya-sign-mou-safe-recruitment-workers-727446 TotalEnergies in discussions to extend Waha licence https://www.africaintelligence.com/north-africa/2023/10/26/totalenergies-in-discussions-to-extend-waha-licence,110081339-art HoR calls for oil export halt and expulsion of US, UK, French, German and Italian ambassadors over Zionist Gaza genocide https://libyaherald.com/2023/10/hor-calls-for-oil-export-halt-and-expulsion-of-us-uk-french-german-and-italian-ambassadors-over-zionist-gaza-genocide/ Libya the broad outlines of [...]

Challenger Limited, headquartered in the Isle of Man, has built a reputation over three decades as a leading Drilling and Workover Solutions Provider in the Middle East and Africa, notably in Libya. With a significant regional footprint, they have established branches in additional key areas such as Egypt, KSA, and the UAE. Committed to delivering outstanding value, Challenger Limited emphasises safety, efficiency, and quality throughout its operations. Their strategic decisions are rooted in the well-being of employees, customers, and shareholders, always aligning actions with core principles. Through innovative and structured business management, they continually enhance their services, [...]

Building Libya’s Gateway to Tomorrow! Libya’s leading force in telecommunications and postal services joins the British Libyan Business Association. LPTIC is the key organisation in Libya responsible for overseeing the nation's telecommunications and information technology sectors. It holds a significant stake in the country's primary telecommunications companies and plays a crucial role in shaping Libya's digital landscape. LPTIC blend’s cutting-edge technology with the heart of Libyan traditions, it is more than just a service provider; they are the architects of a Libyan digital future built on reliability, innovation, and trust. Serving as a holding company, LPTIC oversees [...]

The Libyan Iron and Steel Company (LISCO) is to embarks on a landmark visit to the UK to explore collaborative prospects with British Steel Industry, the British Libyan Business Association (BLBA) informed Libya Herald. ‘‘In an effort to redefine and reshape the dynamics of international steel relations, LISCO, a front-runner in African steel manufacturing – has announced a pivotal visit to the United Kingdom set for spring 2024’’, the BLBA explained. Driven by the ambition to cultivate partnerships and uncover new ventures in the steel arena, LISCO’s trip promises to be more than just a diplomatic gesture. The [...]

Another in our “understanding Libya” series   Why Libya Libya, a nation, standing at the crossroads of Africa and the Mediterranean, rich in history, resources, and potential, but long shackled by political instability and lack of development is a nation poised for a telecommunication renaissance. The importance of Libya's telecommunication sector presents a unique opportunity for the international telecommunication business sector. Libya's strategic location, bridging the African continent and the Mediterranean gateway, positions it as a potential hub for transcontinental communication networks. Establishing robust telecommunication infrastructure here not only facilitates domestic progress but also optimises intercontinental data [...]

CBL agrees to support the LD black-market exchange rate https://libyaherald.com/2023/10/cbl-agrees-to-support-the-ld-black-market-exchange-rate/ Washington accepts continuing Turkish military presence in Libya https://www.africaintelligence.com/north-africa/2023/10/20/washington-accepts-continuing-turkish-military-presence-in-libya,110078869-art Tripoli Hosts Petro Africa Forum And Exhibition https://libyaobserver.ly/videos/tripoli-hosts-petro-africa-forum-and-exhibition Libya establishes new maritime zone and extends its maritime border from 12 to 24 nautical miles https://libyaherald.com/2023/10/libya-establishes-new-maritime-zone-and-extends-its-maritime-border-from-12-to-24-nautical-miles/ Ministry of Oil discusses investment by Libya Africa Investment Portfolio in two projects https://libyaherald.com/2023/10/ministry-of-oil-discusses-investment-by-libya-africa-investment-portfolio-in-two-projects/ Libyan Central Bank mulls withdrawal of old prints of banknotes https://libyaobserver.ly/inbrief/libyan-central-bank-mulls-withdrawal-old-prints-banknotes Continuation of several surgical operations across Libyan hospitals as part of localisation of healthcare policy https://libyaherald.com/2023/10/continuation-of-several-surgical-operations-across-libyan-hospitals-as-part-of-localisation-of-healthcare-policy/ Libyan delegation visits Paris as part of digitisation of Tax Authority https://libyaherald.com/2023/10/libyan-delegation-visits-paris-as-part-of-digitisation-of-tax-authority/ [...]

This factsheet provides the latest statistics on trade and investment between the UK and Libya. Date of release: 19 October 2023. Total trade in goods and services (exports plus imports) between the UK and Libya was £1.4 billion in the four quarters to the end of Q1 2023, a decrease of 9.6% or £143 million in current prices from the four quarters to the end of Q1 2022. Of this £1.4 billion: Total UK exports to Libya amounted to £233 million in the four quarters to the end of Q1 2023 (an increase of 25.3% or £47 [...]

(Another in our ‘understanding Libya’ series) In a world rapidly shifting its energy focus, Libya, known predominantly for its vast oil reserves, is embracing a vision that might once have seemed improbable. The nation is investing in solar and wind power, signalling its commitment to a more diversified and sustainable energy future. But why is Libya making this shift, and what does it mean for its future?   Organisations Driving the Energy Transition Historically the primary organisation responsible for energy, including renewable energy, in Libya was the General Electricity Company of Libya (GECOL). GECOL has been, and [...]

The British Libyan Business Association (BLBA) is thrilled to announce a significant addition to its membership. We are proud to welcome Libya's premier telecommunications company, the Libyan Post, Telecommunications and Information Technology Corporation (LIPTIC), as a distinguished member of our growing network.  LIPTIC is a true powerhouse that has developed and modernised the Libyan telecommunications landscape.  Specialising primarily in telecommunications and information technology, this dynamic holding company boasts ownership of the two major mobile phone operators in Libya, in addition to other specialised companies in international communication, internet service provision, and a diverse array of expertise-driven ventures. [...]