NOC TO HOLD A FORUM FOR LIBYAN OIL INVESTORS NEXT MAY HTTPS://LIBYAOBSERVER.LY/ECONOMY/NOC-HOLD-FORUM-LIBYAN-OIL-INVESTORS-NEXT-MAY   WE CALL ON INTERNATIONAL OIL COMPANIES TO QUICKLY RESUME THEIR ACTIVITIES IN LIBYA, FINANCE MINISTER HTTPS://LIBYAUPDATE.COM/WE-CALL-ON-INTERNATIONAL-OIL-COMPANIES-TO-QUICKLY-RESUME-THEIR-ACTIVITIES-IN-LIBYA-FINANCE-MINISTER/   ITALY’S BET ON AFRICAN GAS HTTPS://WWW.WSJ.COM/ARTICLES/ITALY-LIBYA-GAS-OIL-GIORGIA-MELONI-ENI-NATIONAL-OIL-CORPORATION-11675262228   DISPUTE BETWEEN FRANCE AND ITALY OVER LIBYA WILL NOT PRODUCE RESULT, FRENCH PRESIDENT'S ENVOY SAYS HTTPS://LIBYAOBSERVER.LY/INBRIEF/DISPUTE-BETWEEN-FRANCE-AND-ITALY-OVER-LIBYA-WILL-NOT-PRODUCE-RESULT-FRENCH-PRESIDENTS-ENVOY   CABINET APPROVES PROJECTS WITH FOREIGN ENTITIES: ROADS, TRANSIT TRADE, FEASIBILITY STUDIES, RADAR SYSTEMS, CULTURE AND TRAINING HTTPS://WWW.LIBYAHERALD.COM/2023/02/CABINET-APPROVES-PROJECTS-WITH-FOREIGN-ENTITIES-ROADS-TRANSIT-TRADE-FEASIBILITY-STUDIES-RADAR-SYSTEMS-CULTURE-AND-TRAINING/   NOC TO HOLD A FORUM FOR LIBYAN OIL INVESTORS NEXT MAY HTTPS://LIBYAOBSERVER.LY/ECONOMY/NOC-HOLD-FORUM-LIBYAN-OIL-INVESTORS-NEXT-MAY   PM DBEIBAH URGES "GLOBAL OIL COMPANIES" TO RESUME WORK IN LIBYA HTTPS://LIBYAOBSERVER.LY/ECONOMY/PM-DBEIBAH-URGES-GLOBAL-OIL-COMPANIES-RESUME-WORK-LIBYA [...]

Both Simon and Ian on behalf of BancTrust & Co. Investment Bank, had the pleasure to meet with several Banks and Institutions in Tripoli, Libya the week of the 30th January to the 3rd February 2023. It was a great opportunity to visit Libyan Foreign Bank, Libyan Islamic bank, National Commercial Bank, Jumhouria Bank, Nuran Bank, Yaqueen Bank, The Central Bank of Libya, Libyan Arab Investment Company, Libyan Investment Authority, Tigi Oil, Tumi Law, among others. Having spoken to many of the staff in the Treasury and Trading departments of the Libyan Institutions over many years in [...]

A very positive event supporting Internet safety Day hosted by LPTIC at the Radison blu hotel in Tripoli, Libya. It is events like this that show how far Libya has progressed using technology to provide safety for minors using the Internet. Libya still requires resources and support to reach it's true potential across the broad band of Information technology and telecommunications sectors including, cyber security, infrastructure building and hardware and software development so as to study and implement systems for the safe  storage, retrieval and sending of information. With the significant growth of the tech sector now is [...]

Coastal road to Tunisian border Three radar systems Contract with international consultants to prepare feasibility plans for transit roads Contract with consultants for study and design of projects: Housing and Infrastructure Board (HIB) Contract with Egyptian consortium for Tripoli Third Ring Road MoU with Turkey on culture For full story CLICK HERE The British Libyan Business Association: supporting UK and Libyan interests and co-operation

HCS FINISHES SORTING OUT CANDIDATES FOR SOVEREIGN POSITIONS HTTPS://LIBYAOBSERVER.LY/INBRIEF/HCS-FINISHES-SORTING-OUT-CANDIDATES-SOVEREIGN-POSITIONS   MINISTER OF FINANCE DISCUSSES WITH SENEGALESE PRESIDENT ACTIVATING LIBYAN INVESTMENTS IN SENEGAL HTTPS://LIBYAOBSERVER.LY/INBRIEF/MINISTER-FINANCE-DISCUSSES-SENEGALESE-PRESIDENT-ACTIVATING-LIBYAN-INVESTMENTS-SENEGAL   PROTESTERS SHUT GREEN STREAM GAS PIPELINE FROM LIBYA TO ITALY HTTPS://LIBYAOBSERVER.LY/NEWS/PROTESTERS-SHUT-GREEN-STREAM-GAS-PIPELINE-LIBYA-ITALY   AL DABAIBA STRESSES NEED TO SUPPORT PRIVATE SECTOR IN ALL FIELDS, INCLUDING THE AVIATION. HTTPS://LANA.GOV.LY/POST.PHP?ID=268814&LANG=EN   MINISTRY OF ECONOMY DISCUSSES ENCOURAGING PRIVATE SECTOR ACTIVITY TO CONTRIBUTE TO FOOD AND DRUG SECURITY. HTTPS://LANA.GOV.LY/POST.PHP?ID=268800&LANG=EN   TOURIST POLICE HOLDS MEETING LIFTING BAN ON LIBYAN WORLD HERITAGE SITES. HTTPS://LANA.GOV.LY/POST.PHP?ID=268799&LANG=EN   ITALY'S ENI SIGNS $8 BN GAS DEAL AS MELONI VISITS LIBYA HTTPS://TODAY.RTL.LU/NEWS/WORLD/A/2024283.HTML   MEDSKY TO [...]

Total trade in goods and services (exports plus imports) between the UK and Libya was £1.5 billion, in current prices, in the four quarters to the end of Q3 2022, an increase of 37.3% or £399 million 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 current prices, in the four quarters to the end of Q3 2022 (an increase of 22.3% or £40 million compared to the four quarters to the end of Q3 2021); Total UK imports from Libya amounted [...]

Careful Reading of the Ministry of Justice’s 11-4-2 Legal Opinion on Foreign Direct Investment (FDI) and Its Implications on the Oil and Gas Investment Industry. Prima facia, the Libyan Ministry of Justice Department’s legal opinion and response to the Deputy Minister of Economy is indeed a reassuring legal piece to foreign investors. It reinforces that foreign investment can take many legal forms and is thus not restricting nor confining foreign investment to establishing branches as projected by the Deputy Minister of Economy. The legal opinion also re-emphasised, what Tumi Law Firm has already been advising its clients, [...]

LIBYA’S FIRST INTERNATIONAL CYBERSECURITY CONFERENCE BEGINS IN BENGHAZI HTTPS://LIBYAREVIEW.COM/31188/LIBYAS-FIRST-INTERNATIONAL-CYBERSECURITY-CONFERENCE-BEGINS-IN-BENGHAZI/   DEVELOPING A STRATEGIC PLAN FOR NATIONAL FOOD SECURITY IS GOVERNMENT’S PRIMARY GOAL IN 2023 HTTPS://WWW.LIBYAHERALD.COM/2023/01/DEVELOPING-A-STRATEGIC-PLAN-FOR-NATIONAL-FOOD-SECURITY-IS-GOVERNMENTS-PRIMARY-GOAL-IN-2023/   TOTALENERGIES BOOSTS STAKE IN WAHA CONCESSIONS IN LIBYA TO 20% ALONGSIDE CONOCOPHILLIPS HTTPS://WWW.MARKETSCREENER.COM/QUOTE/STOCK/TOTALENERGIES-SE-4717/NEWS/TOTALENERGIES-BOOSTS-STAKE-IN-WAHA-CONCESSIONS-IN-LIBYA-TO-20-ALONGSIDE-CONOCOPHILLIPS-42778176/   EUBAM AND SPAIN SUPPORT LIBYAN POLICE AND ARMY WITH TRAINING COURSES HTTPS://WWW.LIBYAHERALD.COM/2023/01/EUBAM-AND-SPAIN-SUPPORT-LIBYAN-POLICE-AND-ARMY-WITH-TRAINING-COURSES/   AFRICA’S TOP ECONOMIC SECTORS POISED FOR GROWTH IN 2023 HTTPS://ENERGYCAPITALPOWER.COM/AFRICA-TOP-ECONOMIC-SECTORS-2023-GROWTH/   TUNISIA TO LAUNCH A PROMOTIONAL PROGRAM FOR EXPORTS TO LIBYA HTTPS://LIBYAOBSERVER.LY/ECONOMY/TUNISIA-LAUNCH-PROMOTIONAL-PROGRAM-EXPORTS-LIBYA   GLOBAL PETROLEUM PRICE: LIBYA SECOND CHEAPEST COUNTRY IN FUEL PRICES HTTPS://LIBYAOBSERVER.LY/INBRIEF/GLOBAL-PETROLEUM-PRICE-LIBYA-SECOND-CHEAPEST-COUNTRY-FUEL-PRICES   LIBYAN AND US CHAMBERS OF COMMERCE SIGN MOU HTTPS://LIBYAOBSERVER.LY/INBRIEF/LIBYAN-AND-US-CHAMBERS-COMMERCE-SIGN-MOU [...]

It was an honour today to meet with Mr Mohamed Taher Issa and have a tour of his hugely impressive factory Al-Jaied Company for Food Industries In addition to the ambitions and achievements of Al-Jaied we discussed many things including dairy livestock herds, engagement with UK suppliers, his extensive interest in many differing economic sector’s and, most impressively, the great ambitions of the special economic zone, truly inspiring to listen to. Without any shadow of a doubt, in the not too distant future, this special economic zone will provide multiple opportunities for engagement with the British business [...]

Day 2 of the British Libyan Business Associations trip to Misrata saw the same message being conveyed to us, that ‘LIBYA IS OPEN FOR BUSINESS’ Misrata Chamber of Commerce The BLBA met with the Chairman and the chamber board along with the Head of External Relations and International Development and, once again the same message was received that Misrata stands by to welcome British investment and enterprise. Many subjects were discussed including sector specific trade missions to support Misrata’s booming economy. The BLBA looks forward to the signing of a Memorandum of Understanding which allows the pursuit [...]