Libya, Mozambique Advance Major Rice Project

A delegation from the Libya Africa Investment Portfolio (LAIP) met with Mozambican officials in Maputo yesterday to advance its rice project in the country.During discussions at the Investment and Export Promotion Agency…

Libyan PM Holds Official Talks with Turkish President

Prime Minister Abdul Hamid Dbeibah conducted an official visit to Turkey on Wednesday, meeting with President Recep Tayyip Erdogan at the Presidential Palace in Ankara to strengthen ties between the two nations.During the high-level…

Libya Reports Rising Oil Output

The National Oil Corporation (NOC) of Libya has confirmed a steady increase in oil production rates, with all fields operating smoothly and production exceeding 1.4 million barrels per day, according to a statement released today.…

Aguila, Turkish Envoy Discuss Cooperation

The Turkish Ambassador to Libya, Guven Begich, held a series of meetings with eastern Libyan officials on Monday, beginning in Al-Qubba before travelling to Benghazi.Parliament spokesman Abdullah Blihaq reported that Ambassador…

Sahara Bank Officials Jailed in 53m Dinar Credit Fraud

Former executives and officials at Sahara Bank have been sentenced to seven years in prison and ordered to repay 53 million dinars after being found guilty of a fraudulent documentary credits scheme dating back to 2015.The…

Oil platform runs aground off northern Tunisian coast

An offshore platform has run aground on Tunisia's northern coastline after breaking free of its tow vessel during transit from Scotland to Turkey, maritime authorities confirmed.The structure is currently stranded on Al-Huishat…

Libya needs to double POS terminals despite digital boom

The banking sector requires between 200,000 and 250,000 Point of Sale (POS) machines to fulfil market demands, despite achieving "more than excellent" figures in electronic services during 2024, according to former banking sector leader…