Economy

Economy

Ukrainian official: American pressure to prevent using frozen Russian funds for Kyiv’s financing.

A Ukrainian official said the United States is pressuring European countries to abandon the idea of using frozen Russian assets to support Ukraine. The official, who declined to be...

Economy

American crude oil drops to its lowest level since 2021.

US crude oil prices fell by nearly 3% in daily trading, closing at their lowest level since the beginning of 2021, as expectations of a supply glut and the...

Economy

Baghdad Airport welcomes first European commercial flight after 35-year hiatus.

The Iraqi Ministry of Transport announced on Tuesday the landing of a plane belonging to the Greek company Aegean Airlines at Baghdad International Airport, marking the first European commercial...

Economy

Libyan Interior Ministry issues strict measures for transferring and moving financial funds.

The Libyan Ministry of Interior has issued new directives prohibiting the transport of large sums of money exceeding 100,000 Libyan dinars, regardless of denomination. It confirmed that violators will...

Economy

The Libyan dinar continues to collapse against the US dollar and banknotes.

The Libyan dinar continues to record a sharp decline against the US dollar in the parallel market, amid growing fears of the repercussions of this collapse on the economic...

Economy

Algeria decides on new increases in pensions and retirement benefits.

The Algerian Council of Ministers approved new increases in pensions and retirement benefits during a session chaired by the President. This move is part of efforts to support the...

Economy

Arabian Gulf Oil Company discusses technology support with Halliburton

The Arabian Gulf Oil Company has held discussions with the US firm Halliburton on supporting oil fields with modern technology to improve operational efficiency and increase production. The discussions...

Economy

Tax Authority launches unified tax system

The Tax Authority has announced the official launch of the unified tax system, along with the introduction of several digital platforms scheduled to become operational in 2026. This announcement...

Economy

Libya and Serbia sign memorandum to strengthen economic and trade relations.

Libya’s General Union of Chambers of Commerce, Industry and Agriculture has signed a Memorandum of Understanding with Serbia’s Chamber of Economy to boost economic and trade cooperation. The agreement...

Economy

Joint operations with ConocoPhillips and Total under review.

The Chairman of the National Oil Corporation (NOC) met with representatives from ConocoPhillips and Total’s Libya branch to review joint operations at oil sites and assess current work plans,...