Economy

Economy

General Union of Oil Workers warns that certain companies may resort to “zero status.”

The General Oil Workers Union has warned that some oil companies are implementing what is known as a “zero status” policy, meaning they pay only the base salary without...

Waha Oil Co. said it completed drilling a new well that is producing an initial 1,765 barrels of crude a day, as Libya’s state-linked producer pushes ahead with expansion plans.

Economy

Waha Oil completes new well producing 1,765 barrels a day.

The company stated that the Q125 well has begun production as part of a broader development program aimed at increasing output and improving recovery rates across its fields. Waha...

Economy

Continuous decline: Prices of the dollar, euro, pound, and gold at the close of parallel market trading on January 1, 2026.

Tripoli | Follow-up – Trading on Libya’s parallel market concluded on Thursday, January 1, 2026 with a collective decline for foreign currencies and gold against the Dinar. The capital,...

Economy

New change: Significant decline in gold prices in Libya on Thursday, January 1, 2026.

Tripoli | The gold markets in Libya began the first day of the new year, Thursday, January 1, 2026, with a noticeable decline across all categories. This drop is...

Economy

Demands for Salary Increases for Teachers and Approval of Fair Raises in Libya

The General Union of Teachers has called on the House of Representatives to amend the salary law and approve a fair increase in wages for teachers and education sector...

Economy

Important announcement from the Ministry of Finance regarding the spouse and children allowance for the fourth quarter of 2025.

The Ministry of Finance of the “Interim Government of National Unity” announced on Thursday that it has referred the child allowance for those under 18 years of age for...

Economy

New decline in bond prices at commercial banks in Thursday’s trading, January 1, 2026.

Below are the bond dollar exchange rates at some commercial banks during today’s Thursday, 01-01-2026 parallel market trading, as reported by specialized price pages on social media sites: Bond...

Economy

Head of Civil Aviation Authority: Investigation into Al-Haddad Aircraft Incident May Take a Year.

Tripoli, January 2, 2026 – The head of the Libyan Civil Aviation Authority announced on Thursday that a final deadline for issuing the results of the investigation into the...

Economy

Foreign Ministry expresses concern over events in Taiwan Strait, reaffirms One-China principle

Tripoli, January 1, 2026 – The Ministry of Foreign Affairs and International Cooperation of the Government of National Unity expressed its deep concern regarding the events in the Taiwan...

Economy

UN Mission Hopes 2026 Will Be a Year of Dialogue and Stability in Libya

Tripoli, January 1, 2026 – The United Nations Support Mission in Libya expressed its hope that the year 2026 will be one marked by constructive dialogue and a strengthened...