Economy

The head of the Presidential Council, Faiz Al-Sarraj, discussed on Sunday with the chairman of the General Electricity Company, Abdul Majid Hamza, ways to resolve the power outage and the obstacles facing the company in resolving it. The discussion, which was attended by the CEO of the company, Ali Sassi, …

The National Oil Corporation announced the status of force majeure and stopped the shipment of crude oil from the port of Zawia. The organization said on its official website Saturday that the announcement was the result of the production stopped in the field of Al-sharara because of the closure of …

The director of the Opare gas station project Radwan Khalil, on Saturday, the operation of the fourth unit in the station and its entry to the network after the availability of crude oil for operation. According to the official page of the station, Khalil said that the crude oil tanks …

The President of the Presidential Council, Faiz Al-Sarraj, discussed with Turkish President Rejap Tayyip Erdogan in Istanbul the developments in Libya and prospects for cooperation between the two countries, in addition to regional issues. During his meeting with Al-Seraj on Friday, Erdogan reiterated his country’s support for the internationally recognized …

President of the Presidential Council Fayez Al-Sarraj, on Tuesday, said that the economic reforms have led to the reduction of the fiscal deficit, and the deterioration of the Libyan dinar has been gradually recessed and the prices of basic commodities have been receded. In a speech to the municipalities of …

Head of the High Council of State (HCS) Khaled Al-Meshri, on Wednesday, agreed with the Center for International Private Enterprises (CIPE) in Washington to hold a workshop in Libya, in which the Center will participate in, that includes the public and private sectors. On its official page, the High Council …

During a meeting with representatives of the American Chamber of Commerce in Washington DC, the head of the High Council of State (HCS) Khalid Al-Meshri said that the presence of a strong economic partner such as the United States would stop the negative interventions in the Libyan file. Al-Meshri, on …

The German ambassador to Libya, Olivier Owcza, on Tuesday, confirmed his country’s support for the steps taken in monitoring the budget between the public and private sectors and the economic steps in Libya carried out by the government and implemented by the Ministry of Finance. During his meeting with the …

Minister of Economy and Industry Ali Al-Issawi, on Wednesday, reviewed with Deputy Chief of the UN Mission for Political Affairs Stephanie Williams the economic reform program. On its official page, the Ministry of Economy stated that the meeting entailed the impact of reform on the economic situation of the state …

The Supreme Council’s Economic Follow-up Committee, on Wednesday, discussed with the Director of the Office of the Governor of the Central Bank of Libya, Abdel Latif El-Tunisi, the results of the imposition of fees on the sale of foreign exchange compared to what was planned in the issuance of those …