Economy

Economy

Ministry of Finance and OPEC Fund reach agreement on training for public employees.

The Ministry of Finance of the Government of National Unity has signed an agreement with the OPEC Fund for International Development to implement a capacity-building and on-the-job training program...

Economy

International report: Oil recovery boosts Libya’s economy, while current spending and lack of budget threaten sustainability.

A World Bank report on Libya’s recent economic developments highlights key findings on economic performance, showing a strong but fragile recovery alongside persistent institutional imbalances. Economic Recovery: The Libyan...

Economy

National Commercial Bank announces easier transfers via One Pay and LYPAY.

The National Commercial Bank (NCB) has announced the enhancement of its digital services by enabling one-click money transfers and receipts through the unified payment and transfer services One Pay...

Economy

Documentary credits worth 1.5 billion during the first half of December.

The Central Bank of Libya reported executing documentary credits worth $1.5 billion during the first half of the current month of December. According to the Central Bank’s statement, the...

Economy

Akakus succeeds in drilling and operating a new oil well with a daily production capacity of 3,750 barrels.

Tripoli, December 16, 2025 – The Akakus Oil Operations Company announced a new achievement within its planned drilling program for 2025, represented by the successful drilling and commissioning of...

Economy

Egyptian-Turkish discussions on investment, defense industries, and health sectors.

The Egyptian Ambassador to Turkey discussed with the Turkish Vice President ways to enhance bilateral relations between the two countries in various fields, especially trade, investment, defense industries, and...

Economy

Macron to French Farmers: The EU Agreement with Mercosur Cannot Be Signed

French President Emmanuel Macron confirmed on Thursday that his country is not ready to sign the trade agreement between the European Union and the South American common market “Mercosur”...

Economy

Global coal consumption to hit record high in 2025.

The International Energy Agency predicted on Wednesday that global coal consumption this year will slightly exceed the record level reached in 2024, partly due to policy measures taken by...

Economy

Prices of the dollar, euro, pound, and gold at the close of the parallel market on December 18, 2025

The US dollar recorded a decline against the Libyan dinar at the close of the parallel market on Thursday, December 18, 2025. It closed in Tripoli at 8.42 dinars...

Economy

The Central Bank of Libya is exploring mechanisms to activate the work of exchange companies.

The Governor of the Central Bank of Libya held a meeting via video conference on Thursday with his deputy and a number of the bank’s department directors to discuss...