LISCO restarts steel production in Misrata

The Misrata-based Libyan Iron and Steel Company (LISCO) has now resumed most of its steel production a year after it suspended operations, meaning a return to work for many of its 6,500 employees. Work has been going on since December to make essential repairs among the seven plants that were damaged by both shellfire and […]

Libya Trade Mission: 16-20 September

The Middle East Association will be leading a high-profile Trade Mission to Libya from 16th to 20th September, visiting Tripoli. Scheduled after the summer elections, this mission takes place at the perfect time to engage with the Libyan market, as Libyans lay out the future plans for their economy and the rebuilding of their country. […]

UAE envoy meets Libyan oil minister

UAE Ambassador to Libya Saeed Obaid Al Ka’abi has met with Abdulrahman Ben Yazza, Libya’s Oil Minister at the Ministry of Oil in Tripoli. During the meeting both sides discussed cooperation between the two countries in the Oil and Natural Gas fields, and ways to enhance them through the deals signed between the two countries. […]

Election Facts

Set for July 7 These are the country’s first national elections in more than four decades Candidates will have 18 days to campaign. Their campaigns must end two days before the election, on July 5th. 2,501 independents and 1,206 political association candidates are eligible to stand. Eighty of the 200 parliamentary seats will go to political […]

Libya Seeks U.S. Investment in Areas From Oil to Tourism

Libya is seeking to boost its oil production by a third to 2 million barrels a day by year-end, surpassing last year’s pre-conflict level, Libyan ambassador to Washington Ali Aujali said. How fast Libya returns to pre-war levels or surpasses them “depends also on the oil companies, how fast they are returning” to restart or […]

Libyan cleric urges citizens to embrace banking

Libya’s Islamic cleric Sheikh Al-Sadok Ghariani has called on Libyan citizens to embrace banking and use cheques for transactions, amid reports that a huge chunk of the money in circulation in the country are outside the banking system. Officials of the Central Bank of Libya (BCL) disclosed that more than 14 billion dinars (about US$10 billion) […]

Libya eyes refund of Goldman, SocGen losses

The Libyan sovereign wealth fund is investigating investment losses of $1.75 billion on structured products managed by Goldman Sachs and Societe Generale  to see whether it can claim compensation, the fund’s chairman said on Wednesday. Mohsen Derregia, chairman of the Libyan Investment Authority (LIA), told reporters in Milan that the LIA needed to review these […]

Libyan air force set for major upgrade

Libya’s dilapidated air force is set to be substantially enhanced under plans announced by the air force chief of staff, Saqr Geroushi. Geroushi disclosed that under the proposals, special consideration has been given to those countries which supported Libya during last year’s revolution, including France, the United Kingdom and the United States. The air force […]