This week in Libya
Libya focused heavily on economic development and international cooperation this week, approving 12 foreign firms to boost investment and exploring new industries like fishing boat manufacturing. The Central Bank advanced financial ties by agreeing to direct banking transactions with China and continuing dollar supply with Numisma Bank, while the transport sector launched reforms with the African Development Bank. Numerous business forums and partnerships with international energy firms like Aiteo and Beicip-Franlab further highlighted efforts to attract investment and enhance cooperation.
About Libya
Libya, a North African nation rich in oil and ancient history, boasts a strategic Mediterranean coastline and significant Roman and Greek archaeological sites. However, its contemporary landscape is shaped by ongoing political fragmentation and security challenges, which profoundly influence its media environment and daily life. Despite these complexities, Libya remains a country of immense cultural depth and historical importance.
Visiting Libya
Media landscape
Libya's media operates within a highly fragmented and volatile environment, marked by competing authorities and armed groups, which has led to widespread polarization and significant threats against journalists. While the post-2011 era saw a proliferation of outlets, many struggle with financial sustainability and security, impacting the availability of independent reporting.
When consuming news from Libya, it is crucial to seek out multiple sources and be aware that reporting can be influenced by the country's complex and fragmented political landscape.
Libya Approves 12 Foreign Firms to Boost Investment Climate
- Libya's Minister of Economy and Trade approved decisions for 12 foreign and joint venture companies, including license extensions and new activities. - These measures aim to improve the business env…
Municipality of Tripoli Centre Launches BaladiyaBOT for Digital Services
- The Municipality of Tripoli Centre in Libya has launched the development of BaladiyaBOT, a digital assistant for municipal services. - This initiative, part of Germany's GIZ Support to Municipalitie…
Libya Explores Establishing Fishing Boat and Trawler Factory to Boost Economy
- The Libyan Export Development Authority (LEDA) and the Libyan Iron and Steel Company (LISCO) met to discuss establishing a fishing boat and trawler factory. - The proposed project, based at the Misr…
China's Reed Pelagics establishes animal protein factory in Libya's Misrata Free Zone
- China's Reed Pelagics Co. has launched an animal protein factory in Libya's Misrata Free Zone (MFZ). - The project aims to bolster food security and economic diversification in Libya. - It is expect…
Tripoli Chamber of Commerce Discusses Increased Cooperation with Malaysian Delegation, Eyes MIHAS 2026 Participation
- The Tripoli Chamber of Commerce met with a Malaysian trade delegation. - The delegation invited the Chamber to participate in the Malaysia International Halal Showcase (MIHAS) in 2026. - Discussions…
Libya and African Development Bank Group launch transport sector reforms to drive economic recovery
- The African Development Bank and Libya's Ministry of Transport have launched reforms to revitalize the country's transport sector. - A three-day workshop in Tunis defined the roadmap for implementin…
Libya's NOC Chairman Meets Nigerian Firm Aiteo on Murzuq Basin Exploration
- Libya's National Oil Corporation met with representatives of Nigerian company Aiteo, which won an exploration bid for Block M1 in the Murzuq Basin. - Aiteo affirmed its commitment to an exploration …
Libya's Oil Minister Discusses Enhanced Cooperation with French Energy Firm Beicip-Franlab
- Libya's Minister of Oil and Gas met with a delegation from the French company Beicip-Franlab. - The meeting focused on enhancing cooperation in oil reservoir technical studies and exploration strate…
Libya Authority Proposes Gulf of Sirte Nature Reserve
- Libya's Export Development Authority (LEDA) proposed designating the Gulf of Sirte as an international nature reserve. - The initiative aims to protect the seabed from oil pollution and enforce inte…
Switzerland's Sulzer partners with Libya's NOC subsidiary for equipment services venture
- Swiss industrial engineering firm Sulzer has formed a joint venture with Libya's National Oil Corporation subsidiary Jawaby Services & Investments Ltd. - The new entity, Jawaby Sulzer Services, will…
LBC to Participate in Brazil’s APAS Food Show 2026
- The Libyan Business Council (LBC) will lead a delegation to the APAS SHOW 2026 in São Paulo, Brazil, from May 18-21. - This participation aligns with the LBC's plan to expand opportunities for its m…
Libya Central Bank, Numisma Bank Agree to Continue Dollar Supply
- Libya's Central Bank (CBL) and Numisma Bank have agreed to continue supplying US dollars to Libya. - The meeting reviewed milestones in restoring international confidence and supplying foreign curre…
The Privatisation and Investment Board’s (PIB) 8th Annual Forum of Investment was held in Benghazi last Saturday 18 April
- Libya's Privatisation and Investment Board (PIB) held its 8th Annual Forum of Investment in Benghazi on April 18. - The forum aimed to enhance the investment environment in Libya and create networki…
Libyan-Moroccan Business Forum to convene in Casablanca
- A Libyan-Moroccan Business Forum is scheduled for June 8 in Casablanca, Morocco, co-convened by the Libyan Business Council (LBC). - The forum aims to foster economic ties and will focus on key sect…
Libya's Central Bank Governor Meets De La Rue CEO to Finalize New Currency Printing
- The Governor of the Central Bank of Libya met with De La Rue's CEO in Washington D.C. to discuss the printing of new Libyan banknotes. - The meeting focused on the implementation of the plan to prin…
Libyan British Business Forum to be held in London on 22 June
- The Libyan British Business Forum is scheduled to take place in London on June 22. - The event is organized by the Libyan Business Council in cooperation with the West London Chamber of Commerce. - …
Governors of Central Bank of Libya and People’s Bank of China Agree to Launch Direct Banking Transactions
- The Central Bank of Libya and the People's Bank of China have agreed to launch direct banking transactions. - This agreement will link Libyan commercial banks to China's Payments and Settlement Syst…
UNDP and Ministry of Marine Resources Sign MoU to Advance Libya’s Blue Economy
- The Ministry of Marine Resources and the UNDP Libya have signed an MoU to advance the country's Blue Economy. - This partnership aims to diversify Libya's economy, create jobs, and ensure food secur…
Libyan Investment Authority to Revalue Assets with Global Auditing Firm
- The Libyan Investment Authority (LIA) announced it will revalue its assets using one of the "Big Four" global auditing firms. - This initiative aligns with the LIA's strategy to enhance good governa…
Grimaldi Shipping Meets Khoms Port to Forge Stronger Partnership
- Khoms Port in Libya held a meeting with Grimaldi Group, a major international shipping line. - The partnership aims to develop maritime performance, enhance logistical operations, and revitalize tra…
Libya’s Ras Jedir Crossing: A Strategic Gateway to African Markets, Says Tunisia's Chargé d’affaires
- Tunisia's Chargé d'affaires in Tripoli highlighted the strategic importance of the Ras Jedir crossing. - The crossing is being transformed into a continental gateway with cooperation from COMESA and…
Libya Reviews Investment Climate Reforms Following US State Department Report
- Libyan government officials met in Tripoli to discuss follow-up actions on the U.S. State Department's Investment Climate Report. - The meeting reviewed progress on implementing investment climate r…
Libya France Business Forum Opens in Marseille to Boost Economic Ties
- The Libya France Business Forum 2026 commenced in Marseille, France, with high-level participation from both nations' economic institutions and business leaders. - Discussions focused on developing …
South Korea to dispatch special envoy to Libya to seek alternative oil sources to blockaded Gulf supplies
- South Korea dispatched a special envoy to Libya to secure alternative oil sources. - This action is a response to disrupted Gulf supplies due to the Middle East crisis and the US war against Iran. -…
Libya adopts regulatory framework for use of in-flight internet services within Libyan airspace
- Libya's General Authority for Communications and Information Technology has adopted a regulatory framework for in-flight internet services. This framework allows airlines to offer high-quality inter…
Syria's Fly Cham to Launch Direct Flights to Tripoli
- Syria's Fly Cham airline is launching direct flights to Tripoli, Libya. - The new service is scheduled to begin on April 25. - The Libya Herald has been a key news source for Libya since its incepti…
Breakthrough expected in LD-dollar FX market: Central Bank launches comprehensive cash sales plan and distributes US$ 1 billion to banks
- The Central Bank of Libya (CBL) has launched a comprehensive plan to regulate the foreign exchange market and stabilize the Libyan Dinar. - The plan includes distributing $1 billion in cash to banks…
US Embassy Welcomes Signing of Unified Budget by Libya's Split Administrations
The US Embassy in Libya congratulated the country on signing a Unified Development Programme (Unified Budget) for the first time in over 13 years, following months of American mediation. This agreemen…
Libya and Algeria agree resumption of flights
Libya and Algeria have signed an air transport agreement and a memorandum of understanding to resume flights between the two nations. The agreement allows designated airlines from each country to oper…