Archive | Industry & Trade

Support for Hifter could cost Egypt work in Libya

By Ahmed Fouad for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Libya Business News. Egypt’s support for Hifter could cost it work in Libya Egyptians looking to snag lucrative reconstruction contracts in Libya are divided over whether their country’s support for one side in the […]

Libya “Fails to Pay” $350m Debt to Jordanian Hospitals

By John Lee. Libya has reportedly still not paid it’s debts to Jordanian private hospitals. Ammon News quotes the President of Jordan’s Private Hospitals Association, Fawzi Hammouri, as saying: “[The Libyan government] has been delaying the payments since 2013, continuously making promises to pay but not fulfilling them.” He told The Jordan Times last year […]

New UK Ambassador to Libya

By John Lee. Mr Martin Reynolds CMG has been appointed Her Majesty’s Ambassador to Libya in succession to Mr Frank Baker CMG OBE who will be leaving the Diplomatic Service. He will take up his appointment in April 2019. For the past four years, Mr Reynolds has held the post of Principal Private Secretary to […]

Libya GDP Growth of 4% this yr, 6% next

By John Lee. A new report from the World Bank Group forecasts real GDP growth (at constant market prices) of 4 percent this year in Libya, increasing to 6 percent next year: As the oil sector is the major source of growth, economic activities remain constrained by recurrent clashes around oil infrastructure aiming to control […]

New Pact will open flow of Egyptian Workers to Libya

By Ahmed Aleem for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Libya Business News. Egyptian and Libyan security authorities have agreed to coordinate Egyptian laborers’ entry to Libya by opening offices in the border cities of Sallum, Egypt, and Masaed, Libya. The agreement comes in anticipation of Libya’s reconstruction in the aftermath […]