Siemens & Calik win big in Libya’s power push
Libya's General Electricity Company (GECOL) announced on Saturday that significant strides have been made in the construction of the South Tripoli power plant, a crucial project aimed at bolstering the nation's electricity capacity by…
UNSMIL demands CBL control of oil funds
Libya's National Oil Corporation (NOC) lifted force majeure on all oil fields and ports Thursday, ending a weeks-long shutdown that crippled the OPEC nation's crude output. The move follows the successful appointment of a new central bank…
US Ambassador to Libya nominee withdraws after long delay
Jennifer Gavito, a career diplomat nominated to serve as the U.S. Ambassador to Libya, has withdrawn her candidacy, citing protracted delays in the appointment process and growing concerns over Russia and China's expanding influence in…
NOC, Brega address fuel distribution in Libya
Libya's National Oil Corporation (NOC) Chairman Farhat Bengdara and Brega Oil Marketing Company Chairman Fouad Belrahim convened on Tuesday to discuss fuel supply operations within the country.
The meeting, attended by NOC Board Member…
Al-Menfi to New CBL Governor: Focus on Technocratic Role
Libya's Presidential Council Chairman, Mohammed Al-Menfi, met with the newly appointed Central Bank Governor, Naji Issa, and his deputy, Marai Al-Barasi, on Wednesday.
Al-Menfi emphasised the importance of the Central Bank Governor…
EU Ambassador hails new Central Bank of Libya leadership as ‘Turning Point’
In a move aimed at revitalising Libya's financial institutions, the Central Bank of Libya (CBL) has announced the appointment of a new governor and deputy governor.
This decision, facilitated by the United Nations Support Mission in…
Algeria FM: No foreign power can build Libya’s future
Addressing the United Nations General Assembly, Algerian Foreign Minister Ahmed Attaf underscored the critical need to confront outside interference that is depleting Libya’s resources and fuelling divisions amongst its people.
Mr Attaf…
Saudi Arabia forecasts budget deficit for 2025
The Saudi Ministry of Finance announced on Monday that the kingdom is projecting a budget deficit of 2.3% of Gross Domestic Product (GDP) for 2025.This forecast, detailed in the ministry's preliminary budget statement, anticipates…
Egypt reaffirms commitment to Libyan stability
The Speaker of the Egyptian Parliament, Hanafy El-Gebaly, has reaffirmed Egypt's commitment to fostering stability in Libya. Speaking during a parliamentary session, Mr El-Gebaly emphasised Egypt's ongoing support for Libyan national…