Archive | Industry & Trade

Italy reappoints Grimaldi as Ambassador to Libya

By John Lee. Italy has reportedly reappointed Giuseppe Maria Buccino Grimaldi (pictured) to the post of Ambassador to Tripoli. He had previously held the same post from 2011 to 2015. According to ANSA, he replaces Giuseppe Perrone, who has been appointed as Italy’s new Ambassador to Iran. Ambassador Grimaldi’s CV can be viewed here (Italian) […]

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Stronger for Libya – the New Stabilization Facility

Libyan authorities, international community present Stabilization Facility Stronger for Libya Senior representatives of the Libyan Ministry of Planning, the international community, United Nations (UN) and United Nations Development Programme (UNDP) met today in Tripoli to present the new Stabilization Facility for Libya (SFL). The new strategy of the Facility includes narrowly-tailored local stabilization objectives and […]

UK “Leads the Way” as Libya Re-Opens for Business

By Frank Baker, UK Ambassador to Libya. “The meetings in Aberdeen, in May, and this week in Tunis, have shown that the UK is a key partner for Libya in boosting oil production,” Mustafa Sanalla, Chairman of the National Oil Corporation (NOC), said at the recent trade mission hosted in Tunis by the Libyan British […]

EUR 50m Programme for Basic Services in Libya

Italy, EU, UNDP and UNICEF partner with Presidential Council in €50 million programme to support basic services in 24 Libyan Municipalities Italy, the European Union, the United Nations Development Programme (UNDP) and the United Nations Children’s Fund (UNICEF) joined representatives of the Presidential Council (PC) and the Government of National Accord (GNA) in Tripoli for […]

Video: Returnees count Cost of Destruction in Tawergha

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Libya Business News. Returning home after seven years in a camp for displaced people, Libyans from the town of Tawergha struggle to eke out a living in their vandalized land and properties. After being chased away by militia […]

Libya Rises (Slightly!) in Prosperity Index

By John Lee. Libya has improved its position in this year’s Legatum Institute Prosperity Index, ranking in 133rd place out of the 149 countries measured, up from 136th last year. The index ranks countries according to its nine pillars of prosperity: Economic Quality, Business Environment, Governance, Personal Freedom, Social Capital, Safety and Security, Education, Health […]

Libya to pay Jordanian Private Hospitals $250m

The Libyan government will reportedly pay Jordan’s Private Hospital Association (PHA) $250 million for medical services received by Libyans in Jordan. Fawzi Hammouri (pictured), President of the PHA, told the Jordan Times last year that medical bills accumulated by Libyans in the Kingdom had reached nearly $350 million after the Libyan Civil War had broken […]

NOC sponsors Modernization of Argoub Electricity Grid

On November 24, 2018, the Chairman of the National Oil Corporation (NOC), Mustafa Sanalla, attended the contract signing ceremony of works related to the modernization and connection of power lines to the Argoub grid, within the Marsa el-Brega municipality. The project includes the renovation of the electricity grid and safe building of power lines to […]