Economy

Economy

Trump calls for a ‘major’ cut in Federal Reserve interest rates.

US President Donald Trump called on the Federal Reserve on Thursday to make a “big” and immediate cut in interest rates, a day after the institution decided to keep...

Economy

Russian Lukoil announces sale of its foreign assets to American Carlyle.

The Russian oil giant Lukoil, which is under U.S. sanctions due to the war in Ukraine, announced on Thursday that it will sell its foreign assets to the American...

Economy

Federal Reserve keeps interest rates unchanged despite Trump’s pressure.

The U.S. Federal Reserve kept interest rates unchanged on Wednesday, during the first meeting of the Monetary Policy Committee this year, affirming the strength of economic growth, while resisting...

Economy

Amazon announces the elimination of 16,000 jobs worldwide.

Amazon announced on Wednesday the cancellation of 16 thousand jobs worldwide as part of a restructuring plan that includes plans to eliminate 14 thousand jobs, announced in October. In...

Economy

Savings Bank begins disbursing housing loans in three municipalities.

The Savings and Investment Real Estate Bank – Al-Qasr Bin Ghashir Branch announced the start of disbursing loans for the second, third, and fourth batches within the initiative of...

Economy

The Central Bank of Libya announces the date for resuming reservations through the personal purposes system.

The Central Bank of Libya announced the resumption of operations for the personal purposes system starting next Monday, confirming that it will cover the remaining reservations for December 2025...

Economy

Libyan Foreign Bank seeks to recover $100 million from Zimbabwe

Bloomberg reported that the Libyan Foreign Bank has filed a lawsuit against Zimbabwe’s finance minister and the country’s national oil company, seeking repayment of debts exceeding $100 million. The...

Economy

New oil well begins production at Amal field.

Harouge Oil Operations Company has brought a new oil well into production at the Amal field, with output estimated at approximately 1,800 barrels per day. The well, designated B-120,...

Economy

Libya’s Oil Minister discusses cooperation with Halliburton and SLB to boost energy sector

The Minister of Oil and Gas of the Government of National Unity held talks with a delegation from the American company Halliburton on strengthening cooperation in the oil and...

Economy

Libya and Turkey revive joint economic committee after 17 years.

Libya and Turkey have signed the minutes of the 22nd meeting of their Joint Economic Committee, marking the resumption of the body’s work after a 17-year hiatus. The agreement...