LIBYA’S RETAIL AND FOOD PRODUCTION AND SECTOR IS STILL RELATIVLY SMALL AND UNDERDEVELOPED BUT HAS SEEN A RETURN TO STABILITY AND PRODUCTIVE DEVELOPMENT AND ENGAGEMENT IN THE LAST 2 YEARS. WHILST THIS BRIEF DOCUMENT HIGHLIGHTS THE MAJOR PLAYERS THERE ARE MANY MORE. PLEASE CONTACT THE BRITISH LIBYAN BUSINESS ASSOCIATION IF YOU REQUIRE FURTHER INFORMATION OR ASSISTANCE TO HELP GUIDE YOU IN DEVELOPING OPPORTUNITIES AND COMMERCIAL ACTIVITIES IN LIBYA.    THE RETAIL SECTOR in Libya has been significantly impacted by the country's ongoing political and economic instability since the 2011 revolution. Retail trade in Libya is mainly dominated [...]

TELECOMMUNICATIONS LIBYA’S TELECOMMUNICATION SECTOR IS DIVERSE. THE INDUSTRY HAS SEEN SIGNIFICANT DISRUPTION BUT A RETURN TO STABILITY AND PRODUCTIVE ENGAGEMENT IN THE LAST 18 MONTHS TO 2 YEARS. WHILST THIS BRIEF DOCUMENT HIGHLIGHTS THE MAJOR PLAYERS THERE ARE MANY MORE INCLUDING SEVERAL EMERGING IN THE PRIVATE SECTOR PLEASE CONTACT THE BRITISH LIBYAN BUSINESS ASSOCIATION IF YOU REQUIRE FURTHER INFORMATION OR ASSISTANCE TO HELP GUIDE YOU IN DEVELOPING OPPORTUNITIES AND COMMERCIAL ACTIVITIES IN LIBYA.  SUMMARY The telecommunications sector in Libya is dominated by two state-owned companies, Libyan Post, Telecommunication and Information Technology Company (LPTIC) and the General Post [...]

THE BEST WAY TO INCREASE TRADE BETWEEN LIBYA AND THE U.S. IS TO INCREASE DIRECT INTERACTIONS: AMCHAM LIBYA HEAD DEBBIE HIRST HTTPS://LIBYAHERALD.COM/2023/04/THE-BEST-WAY-TO-INCREASE-TRADE-BETWEEN-LIBYA-AND-THE-U-S-IS-TO-INCREASE-DIRECT-INTERACTIONS-AMCHAM-LIBYA-HEAD-DEBBIE-HIRST/ MINISTER OF HEALTH MEETS REPRESENTATIVES OF MAJOR AMERICAN MANUFACTURERS OF MEDICINES AND MEDICAL SUPPLIES IN DC HTTPS://LIBYAHERALD.COM/2023/04/MINISTER-OF-HEALTH-MEETS-REPRESENTATIVES-OF-MAJOR-AMERICAN-MANUFACTURERS-OF-MEDICINES-AND-MEDICAL-SUPPLIES-IN-DC/ LIBYA: CRACKDOWN ON NONGOVERNMENTAL GROUPS HTTPS://ALLAFRICA.COM/STORIES/202304180103.HTML NEW LIBYAN GAS PROJECT FORGES AHEAD WITH TENDERS FOR ATSHAN FACILITY AND EXPORT PIPELINE HTTPS://WWW.UPSTREAMONLINE.COM/FIELD-DEVELOPMENT/NEW-LIBYAN-GAS-PROJECT-FORGES-AHEAD-WITH-TENDERS-FOR-ATSHAN-FACILITY-AND-EXPORT-PIPELINE/2-1-1435760 ENI HITS MARKET WITH TWO BID PROCESSES FOR HUGE LIBYA OFFSHORE PROJECT HTTPS://WWW.UPSTREAMONLINE.COM/FIELD-DEVELOPMENT/ENI-HITS-MARKET-WITH-TWO-BID-PROCESSES-FOR-HUGE-LIBYA-OFFSHORE-PROJECT/2-1-1436584 HEALTH MINISTER URGES WORLD BANK TO DOUBLE EFFORTS FOR LIBYAN PROJECTS HTTPS://LIBYAOBSERVER.LY/INBRIEF/HEALTH-MINISTER-URGES-WORLD-BANK-DOUBLE-EFFORTS-LIBYAN-PROJECTS MISRATA CHAMBER TO LEAD DELEGATION TO SOUSSE, TUNISIA 10 TO 13 MAY [...]

This factsheet provides the latest statistics on trade and investment between the UK and Libya. 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 Q3 2022, an increase of 37.3% or £399 million in current prices 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 the four quarters to the end of Q3 2022 (an increase of 22.3% or £40 million in current prices, compared to [...]

AIRLINES OPERATING IN LIBYA PLUS TRAVEL INFO AND ADVICE  The Libyan airline industry has faced various challenges over the years, including:  Political instability: Since the fall of the Gaddafi regime in 2011, Libya has been plagued by political instability and violence, with different factions vying for control of the country. This has made it difficult for the airline industry to operate smoothly, with frequent disruptions to flights and airport closures. Security concerns: The security situation in Libya is volatile. This has led to a decrease in the number of international airlines operating in the country and has [...]

BANKS AND THE FINANCIAL SECTOR Libya's banking system has undergone significant changes since the 2011 overthrow of former dictator Muammar Gaddafi. Prior to that, the Libyan banking system was heavily centralized, with the state controlling most of the country's financial institutions. After the revolution, the new government attempted to diversify the financial sector by encouraging private investment and competition. Currently, the Central Bank of Libya (CBL) is the country's primary monetary authority, responsible for issuing currency and regulating the banking sector. There are also a number of private banks operating in the country, including the Libyan Foreign [...]

THE OIL AND GAS SECTOR Libya has a rich history of oil exploration and production. Oil was first discovered in Libya in 1959 at the Amal field, and since then, the country has become one of the largest oil producers in Africa. OPEC has declared Libya as the 2nd largest oil producer in Africa. In the early 1960s, the Libyan government nationalized the oil industry, taking control of the exploration, production, and exportation of oil. This led to the formation of the National Oil Corporation (NOC), which has since become the main regulatory body for the oil [...]

HOW CIVIL WAR UNDERMINES THE HUNT FOR LIBYAN ASSETS? HTTPS://WWW.WEEKLYBLITZ.NET/INTERNATIONAL/HOW-CIVIL-WAR-UNDERMINES-THE-HUNT-FOR-LIBYAN-ASSETS/   LIBYAN GROCERY AND FAST FOOD DELIVERY APP PRESTO EXPANDS INTO BENGHAZI HTTPS://TRENDTYPE.COM/NEWS/LIBYAN-GROCERY-AND-FAST-FOOD-DELIVERY-APP-PRESTO-EXPANDS-INTO-BENGHAZI/   BASHAGHA: I WILL REMAIN IN MY POSITION UNTIL THE ELECTIONS HTTPS://GLOBEECHO.COM/NEWS/MIDDLE-EAST/BASHAGHA-I-WILL-REMAIN-IN-MY-POSITION-UNTIL-THE-ELECTIONS/   LIBYAN ARMED FORCES VOICE READINESS TO SECURE UPCOMING ELECTIONS HTTPS://WWW.AA.COM.TR/EN/AFRICA/LIBYAN-ARMED-FORCES-VOICE-READINESS-TO-SECURE-UPCOMING-ELECTIONS/2872559   DBEIBAH DIRECTS TO DISCUSS GRANTING TAX EXEMPTIONS ON SOME ACTIVITIES HTTPS://LIBYAOBSERVER.LY/INBRIEF/DBEIBAH-DIRECTS-DISCUSS-GRANTING-TAX-EXEMPTIONS-SOME-ACTIVITIES   NOC SEEKS TO FURTHER BOOST PRODUCTION THROUGH ACTIVATING INT. AGREEMENTS HTTPS://LIBYAOBSERVER.LY/INBRIEF/NOC-SEEKS-FURTHER-BOOST-PRODUCTION-THROUGH-ACTIVATING-INT-AGREEMENTS   MELLITAH OIL AND GAS RETURNS OFFSHORE GAS WELL TO PRODUCTION AFTER OVER TWO-YEAR STOP HTTPS://LIBYAHERALD.COM/2023/04/MELLITAH-OIL-AND-GAS-RETURNS-OFFSHORE-GAS-WELL-TO-PRODUCTION-AFTER-OVER-TWO-YEAR-STOP/   ALGERIA DISCOVERS SIX NEW OIL RESERVES, INCLUDING ONE IN PROXIMITY [...]

Understanding the Libyan Commercial Landscape Click HERE for info on the BLBA

RELEASED BY THE U.S. EMBASSY IN TRIPOLI – MARCH 25TH 2023   In April 2022, President Biden announced the United States would prioritize engagement and partnership with Libya under the U.S. Strategy to Prevent Conflict and Promote Stability (#PromoteStability).  The strategy is a long-term initiative to realize the goals of the landmark Global Fragility Act, an innovative effort to foster a more peaceful and stable world.  It is bolstered by additional U.S. investment in Libya’s stabilization and represents a significant U.S. commitment to support Libya’s resilience and progress toward a more peaceful future. To support Libya in breaking the cycle of instability, the United States, in close consultation with Libyan [...]