Archive | Industry & Trade

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 […]

Italy and Libya discuss Trade and Investment

By John Lee. Italy’s Ambassador to Libya, Giuseppe Buccino, has visited the Libyan Businessmen Council in Tripoli to discuss trade and investment opportunities for Italian companies in Libya. In recent days he has also met with the Mayor of Central Tripoli to discuss projects including garbage treatment and disposal. (Source: Italian Foreign Office)

UK Envoy: Libya has “the Most Extraordinary Prospects”

By John Lee. The British Prime Minister’s Trade Envoy to Libya, Sir Henry Bellingham, visited Libya on Sunday to discuss trade cooperation between the two countries. On his first visit to Libya in his new role, Sir Henry said that Libya and the United Kingdom have an “excellent bilateral relationship“. He added: “This is a […]