GardaWorld Weekly Security Report

GardaWorld, a global leader in comprehensive security and risk management, has made its weekly security report available to Libya Business News readers. Prepared by GardaWorld’s Risk Analysis Team in the country, this essential report includes short- and medium-term outlooks on the security situation, reports and commentary on recent significant events, and a detailed overview of […]

CBL unfreezes $100m at French Bank

By John Lee. The Central Bank of Libya (CBL) has announced that a French court has ruled in its favour in a case which would see the release of a $100-million loan owed to the bank. The assets were held by Credit Agricole, and were frozen at the request of Al-Kharafi Group, which is owned […]

Libyan Women in the Job Market

By John Lee. Jusoor Libya and the Friedrich Ebert Stiftung have published a new report, “Libyan Women in the Job Market”. This study, authored by Hala Bugaighis, details the realities and challenges facing Libyan women in the job market. It can be downloaded here. (Source: Jusoor Libya)

Libya Rises (Slightly) in Ease of Doing Business Index

By John Lee. Libya has been ranked 185th out of 190 countries in the World Bank‘s recent Doing Business 2018 report, up from 188th place the previous year. Top of the list were New Zealand, Singapore and Denmark, with last place going to Somalia, just behind Eritrea and Venezuela. Iraq ranked 168th, with Iran 124th. Doing Business […]

Entrepreneurial Women in Libya’s Tech Sector

“In Libya, companies always look for male engineers. In the school and in college, men have more opportunities to develop their interest in technology, so companies believe they will be more capable than us,” says Hala Haithm, a university student from Benghazi. “Now I am putting in practice my knowledge and learning more. I am […]

France contributes to UN project supporting Elections in Libya

H.E. French Ambassador to Libya, Ms. Brigitte Curmi and Deputy Special Representative of the UN Secretary General (DSRSG) and of the United Nations Development Programme (UNDP) in Libya, Ms. Maria Ribeiro, signed the agreement for France’s contribution to the UN electoral project “Promoting Elections for the People of Libya (PEPOL)” in a ceremony that took […]

Siemens in 700m EUR Power Deal

Germany’s Siemens has signed contracts with the state-owned utility General Electricity Company of Libya (GECOL) to expand Libya’s power generation capacity by approximately 1.3 gigawatts (GW). Under these contracts Siemens will build a 650 MW open cycle power plant in Misrata, equipped with two F-class gas turbines (pictured), and a 690 MW open cycle power […]

Hyundai to complete Power Plant in Tripoli

By John Lee. South Korea’s Hyundai has reportedly announced it will return to Libya early next year to complete the suspended Tripoli West Power Plant project. Sources at the Libyan state-owned General Electricity Company (GECOL) told Xinhua that embassy officials and representatives of Hyundai held talks with GECOL regarding security arrangements in preparation for the […]