Archive | Industry & Trade

Libyan Cert in Entrepreneurship and Business Development

Libyan Chambers of Commerce and Universities create a joint certificate in entrepreneurship and business development In the framework of the Support to Libya for Economic Integration, Diversification and Sustainable Development (SLEIDSE), a €7.6 million project funded by the European Union, co-funded with €1.050 by the French government and implemented by Expertise France, Libyan Universities and […]

EU supports Resilience across Libya

EU supports Resilience and Recovery in 36 Municipalities across Libya The Ministry of Local Governance, the European Union, and the United Nations Development Programme (UNDP) agreed on 1st July at the Third Steering Committee of the “Strengthening Local Capacities for Resilience and Recovery” project to provide better services to six municipalities in Greater Tripoli (Hai […]

LISCO planning $1bn Tender

By John Lee. The Libyan Iron and Steel Company (LISCO) is reportedly planning to announce a $1-billion tender next month to build two new plants. Chairman Mohamed al-Faqih also told Reuters that the company has started exporting to Algeria, and aims to increase production this year. For the new plants, al-Faqih said Lisco is targeting […]

Richard B. Norland to be US Ambassador to Libya

US President Donald Trump’s nominee for the position of Ambassador to Libya has addressed the US Senate confirmation hearing. Richard B. Norland (pictured), a career member of the Senior Foreign Service, class of Minister-Counselor, has served as the Foreign Policy Advisor to the Chairman of the Joint Chiefs of Staff since 2016. He served twice […]

LifeCo to Restart Operations

Libya’s National Oil Corporation (NOC) has said it had restored natural gas supply to the Libya Norwegian Fertiliser Company (LifeCo). In a statement, the NOC said that factory operations are expected to restart shortly. The announcement follows discussions led by NOC’s chairman, Mustafa Sanalla, with LifeCo’s shareholders, the Libyan Investment Authority (LIA), and Norway’s Yara […]

Foreign Firms in process of Renewing Libya Licences

By John Lee. A number of foreign firms have reportedly started work on renewing their licences to operate in Libya. According to Reuters, the Economy Ministry suspended 40 foreign firms in May on the grounds that their licenses had expired, before granting a grace period of three months to seek new ones. Tripoli-based economy minister […]

Libya pays Half its Debt to Jordanian to Hospitals

By John Lee. The Libyan government has reportedly transferred $110 million to its account in the Central Bank of Jordan in order to pay its debts to Jordanian hospitals. Fawzi Hammouri, President of the Jordanian Private Hospitals Association is quoted as telling The Jordan Times that this represents half of the total debt of $220 […]

Personnel Changes at British Embassy

By John Lee. The British Embassy in Tripoli has announced that Fleur Wilson has joined their team as the new Deputy Ambassador, replacing Angus McKee. In a tweet, Wilson said “I look forward to exploring #Libya and promoting a better future for the Libyan people.” Also moving on is Matty O’Kelly, who is joining the […]