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Libya Herald

Minister of Economy discusses with Egyptian counterpart capital markets, free zones, and the contracting sector

Libya's Tripoli based Minister of Economy and Trade, Suhail Abou Shiha, held a meeting with the Minister of Investment and Foreign Trade of Egypt, Mohamed Farid, to explore prospects for developing economic, commercial, and investment cooperation between the two countries. The meeting addressed several key areas of mutual interest, including: - Capital Markets: Developing relations between the Libyan capital market and the Egyptian Exchange, exchanging technical and institut…

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Libya Herald

Libya aims to increase trade with Turkey to US$ 5 billion

The Tripoli based Libyan Minister of Economy and Trade, Suhail Aboushiha, met with the Minister of Trade of Turkey, Ömer Bolat, to discuss ways to strengthen economic and commercial relations between the two nations, as well as to expand areas of cooperation and joint investment. The meeting took place on the sidelines of the 42nd Ministerial Session of the Standing Committee for Economic and Commercial Cooperation of the Organization of Islamic Cooperation (COMCEC) in Istan…

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Libya Herald

Libyan Embassy in China holds talks with Asian Infrastructure Investment Bank (AIIB) in Beijing

The Chargé d'affaires of the Libyan Embassy in China, Abubaker Ahmed Ben Saud —accompanied by the Assistant Commercial Attaché and the Assistant Labour Attaché—paid an official visit to the headquarters of the Asian Infrastructure Investment Bank (AIIB) in Beijing, where they met with several bank officials. The Embassy said this comes as part of the efforts to strengthen economic and investment cooperation. During the meeting, the two sides discussed ways to enhance mutual…

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Libya Herald

Medsky CEO to review and preview his company’s achievements and plans tomorrow

Previewing his speech at the opening of tomorrow's Libya International Aviation Forum and Exhibition, Medsky CEO, Seraj Elfaituri , said he was honored to be among a distinguished group of professors, experts, specialists, and national talents in the Libyan aviation sector. He said participating in a professional and national dialogue about the future of this vital sector and its role in strengthening Libya's position on the regional and international air transport map, is o…

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Libya Herald

HoR holds first-ever session in Sebha - votes unanimously to establish a refinery in south Libya

The House of Representatives (HoR) voted unanimously to establish an oil refinery for the south of Libya. The decision reinforces the decision already made by the Tripoli based Libyan government The vote and decision took place in today's first ever offocial HoR session held in the southern city of Sebha, the capital of Libya's south. The session was chaired by the Speaker of the House, Al-Saliheen Abdel-Nabi, with the attendance of the First Deputy Speaker, Tariq Al-Ashtar,…

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Libya Herald

HoR votes to appoint Fawzi Abu Khazam as new CBL Governor

The House of Representatives voted in its historic, first-ever, session held in the city of Sebha today to accept the resignation of the former Governor of the Central Bank of Libya (CBL), Naji Issa, and to appoint Fawzi Abu Khazam as the new Governor of the CBL. The vote was carried with a majority of 78 out of the 90 members present, the official HoR Speaker reported. Abu Khazam has been acting as Interim Governor since his controversial forced installment on 22 October. T…

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Libya Herald

Transport Minister Shahoubi emphasises the ‘‘strategic economic priority’’ of transit trade roads to southern borders

Speaking at the Libya-Italy Business and Investment Forum held in the Misrata Free Zone yesterday, Libya’s Tripoli based Minister of Transport, Mohamed Shahoubi, stressed the importance of transit trade to Libya as a form of economic diversification away from hydrocarbons. Specifically, he stressed the importance of Libya’s Transit Trade Corridors / Roads linking the country’s mediterranean free ports and zones including Misrata Free Zone, Sirte Free Zone, Benghazi’s Julyana…

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Libya Herald

Libyan Italian dialogue session focuses on collaboration opportunities in the maritime industries sector

The dialogue session at the Libyan-Italian Business and Investment Forum discussed investment prospects and logistical integration, and their role in strengthening economic cooperation and developing partnerships between the two countries, with a focus on opportunities for collaboration in the maritime industries sector. Participants in yesterday's session, held in Misrata Free Zone (MFZ), included: Ayman Al-Darwish, Director General of the Misrata Free Zone; Nicola Colicchi…

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Libya Herald

Food security & boosting local production: Focus of meeting between Minister of Economy & relevant stakeholders

Libya’s Tripoli based Ministry of Economy and Trade reported yesterday that last Thursday (29 October), the Minister of Economy and Trade held an extensive meeting at the Ministry’s headquarters. The meeting centred on the challenges facing farmers and livestock breeders, as well as mechanisms to support local production and enhance its contribution to achieving food security. The meeting was attended by the Undersecretary of the Ministry of Agriculture, representatives from…

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