THE BLBA HELPING ORGANISATION’S SUCCEED IN LIBYA Ten steps you to prepare effectively: Market Research: Gain a deep understanding of Libya's business landscape, including its economy, industry sectors, competitors, and potential partners. Identify the demand for your products or services and any local regulations that may impact your business. Remember that whilst Libya has changed dramatically since 2011 many of the commercial laws are still relevant and, no matter what you are told, short cuts are risky! Cultural Awareness: Study and respect Libyan culture, customs, and traditions to ensure proper etiquette and build strong relationships. Familiarise yourself [...]

State Department: U.S. shares Libya’s concern that events in Niger could destabilize the region https://libyaupdate.com/state-department-u-s-shares-libyas-concern-that-events-in-niger-could-destabilize-the-region/ Libya Asks Russia To Help Get Foreign Troops Out Of Country - Presidential Council Head https://www.urdupoint.com/en/world/libya-asks-russia-to-help-get-foreign-troops-1730826.html Italian security delegation in Tripoli to discuss immigration file https://libyaobserver.ly/inbrief/italian-security-delegation-tripoli-discuss-immigration-file 6th Libya Construction Expo 2023 will be held in Tripoli from 27 to 30 November – co-locating three new events https://libyaherald.com/2023/07/6th-libya-construction-expo-2023-will-be-held-in-tripoli-from-23-to-30-november-co-locating-three-new-events/ Putin says Russia wrote off $23B in African debt https://tribune.com.pk/story/2428337/putin-says-russia-wrote-off-23b-in-african-debt Wagner chief Prigozhin reveals future plans in chilling new interview https://www.express.co.uk/news/world/1796539/wagner-group-Yevgeny-Prigozhin-interview-africa-car-mali Newly reconciled, Turkey and Egypt could be a force for stability in Africa https://www.rfi.fr/en/podcasts/international-report/20230729-turkey-egypt-diplomatic-relations-libya-ethiopia [...]

The importance of social wealth, also known as social capital, cannot be underestimated in Libya's business ecosystem. Developing a network of relationships, connections, and resources is a valuable commodity that takes time, experience, and credibility to establish. When venturing into the Libyan market to establish a company, project, or even oneself, social wealth becomes a cornerstone for success. The Impact of Historical Regime on Entrepreneurship During the previous regime that lasted from 1969 to 2011, Libya faced several negative effects that hindered entrepreneurship and the overall business environment. Centralised economic control left little room for private entrepreneurs [...]

Benghazi Chamber of Commerce visits its Bizerte counterpart – discuss free zone, shipping line, investments https://libyaherald.com/2023/07/benghazi-chamber-of-commerce-visits-its-bizerte-counterpart-discuss-free-zone-shipping-line-investments/ Algec restarts first unit at Zueitina power station after a seven-year hiatus https://libyaherald.com/2023/07/algec-restarts-first-unit-at-zueitina-power-station-after-a-seven-year-hiatus/ Marshal Haftar’s Absence in Rome Conference Stokes Controversy https://libyaupdate.com/marshal-haftars-absence-in-rome-conference-stokes-controversy/ Malta, Libya hold joint naval drills to curb migration https://www.couriermail.com.au/news/world/malta-libya-hold-joint-naval-drills-to-curb-migration/video/63a0a9b41c9786e9b5e9118e71fa008c Libyan Railroads holds consultations with the ambassadors of Chad and Niger on rail link for transit trade route https://libyaherald.com/2023/07/libyan-railroads-holds-consultations-with-the-ambassadors-of-chad-and-niger-on-rail-link-for-transit-trade-route/ Assessing the Impact of Global Energy Trends on Libya’s Market https://www.energyportal.eu/news/assessing-the-impact-of-global-energy-trends-on-libyas-market/44830/ Italy offers aid to Libya to limit illegal migration to Europe https://www.middleeastmonitor.com/20230724-italy-offers-aid-to-libya-to-limit-illegal-migration-to-europe/ Bathily Highlights Major Obstacles to Libyan Elections [...]

Don’t be invisible or lost in the crowd!  In an increasingly interconnected world, businesses are continuously seeking ways to expand their horizons and explore new markets. When it comes to the Libyan market, many companies face the decision of whether to be merely commercial tourists, or to establish a more permanent operational presence on the ground. While being a visitor may seem attractive due to its lower financial commitment level (although this is not always true), there are significant advantages to being operational and fully investing in Libya. In this article, we explore the benefits of being [...]

Ministry of Economy and Trade meets the President of the Arab-Turkish Association for Businessmen and Investors – discuss investment opportunities https://libyaherald.com/2023/07/ministry-of-economy-and-trade-meets-the-president-of-the-arab-turkish-association-for-businessmen-and-investors-discuss-investment-opportunities/ Libya’s oil minister says closure of oilfields cost 340,000 barrels https://www.arabnews.com/node/2338321/business-economy Iran's embassy in Libya ready to provide services: delegation chief http://www.china.org.cn/china/Off_the_Wire/2023-07/16/content_92609049.htm First Iranian ship docked at Libya port in 10 years https://en.mehrnews.com/news/203284/First-Iranian-ship-docked-at-Libyan-port-after-10-years Libya and Canada discuss strengthening cooperation in the field of renewable energies https://libyaherald.com/2023/07/libya-and-canada-discuss-strengthening-cooperation-in-the-field-of-renewable-energies/ US court upholds dairy investor’s award against Libya https://globalarbitrationreview.com/article/us-court-upholds-dairy-investors-award-against-libya United Nations and Libyan Government Representatives Hold High-Level Event to Discuss United Nations Sustainable Development Cooperation Framework 2023-25 https://african.business/2023/07/apo-newsfeed/united-nations-and-libyan-government-representatives-hold-high-level-event-to-discuss-united-nations-sustainable-development-cooperation-framework-2023-25 The Libyan [...]

This factsheet provides the latest statistics on trade and investment between the UK and Libya. Date of release: 20 July 2023. 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 Q4 2022, an increase of 15.5% or £207 million in current prices from the four quarters to the end of Q4 2021. Of this £1.5 billion: Total UK exports to Libya amounted to £219 million in the four quarters to the end of Q4 2022 (an increase of 14.7% or £28 [...]

Today marks a significant milestone for Red Castle. Under the British Libyan Business Association (BLBA) mentorship, they are launching their inaugural course in Libya: the Highfield Level 3 International Award in Delivering Training (IADT). This comprehensive programme does more than teach individuals how to deliver training; it fosters confidence, equips students with essential presentation skills, and opens doors to public speaking opportunities. Daren Holley, Head of Strategy and Training at Red Castle, recognises this achievement as a pivotal moment for the company that has been months in the making. Bringing years of experience delivering training in the [...]

First Iranian ship docked at Libya's Misrata Port after nearly ten years. https://en.mehrnews.com/news/203284/First-Iranian-ship-docked-at-Libyan-port-after-10-years Navigating the Road Safety Crisis in Libya: Challenges and Solutions https://libyaobserver.ly/opinions/navigating-road-safety-crisis-libya-challenges-and-solutions Production stops at Libya's El Feel oilfield - tribal leader, oil engineer https://www.nasdaq.com/articles/production-stops-at-libyas-el-feel-oilfield-tribal-leader-oil-engineer-0 One day after threat of force majeure, production resumes at Libya’s oilfields https://thearabweekly.com/one-day-after-threat-force-majeure-production-resumes-libyas-oilfields Libya and Netherlands discuss security cooperation – preparing to sign MoU https://libyaherald.com/2023/07/libya-and-netherlands-discuss-security-cooperation-preparing-to-sign-mou/ Libya exploring increasing exports to Turkey as part of its diversification policy – removing Turkish tariffs on Libyan products discussed https://libyaherald.com/2023/07/libya-exploring-increasing-exports-to-turkey-as-part-of-its-diversification-policy-removing-turkish-tariffs-on-libyan-products-discussed/ Egypt considers localization of olive oil industry with Libya https://www.zawya.com/en/economy/north-africa/egypt-considers-localization-of-olive-oil-industry-with-libya-flc14lcg The Growing Importance of [...]

It was a privilege to be invited to the newly reopened Libyan Passport, Immigration, and Foreigner Affairs Authority in Hai Andalus today. The invitation was extended by Major General Yousef, Lieutenant Colonel Ali Abdalgader Nasr, and the esteemed Mayor of Hai Andalus Municipality, Mr. Mohamed Ftesi. Our discussion focused on the processing of visas for UK citizens, as well as the Authority's expressed interest in adopting UK technology for passport services. This significant step towards restoring and enhancing the Authority's operations symbolises the potential for bolstered ties between our nations. It points towards a future of technological [...]