Archive | Industry & Trade

Increased Intra-African Trade to Boost Employment

Increased intra-African trade, key to increase employment in North Africa The United Nations Economic Commission for Africa (UNECA) Office for North Africa has launched, in partnership with the Ministry of Planning, Monitoring and Administrative Reform of Egypt, the 34th edition of the Intergovernmental Committee of High Officials and Experts (ICSOE) for North Africa. Country representatives […]

AmCham names US Ambassador as Honorary Chairman

The American Chamber of Commerce in Libya (Libya AmCham) recently announced that Ambassador Richard B. Norland has agreed to serve as Honorary Chairman of the organization. In the future, it is expected that the U.S. Mission to Libya and Libya AmCham will collaborate on activities designed to support the investment of U.S. businesses in Libya, […]

STREAM Incubator launched in Tripoli

STREAM incubator, accelerator and Fab Lab, which is financed by UK Government and implemented by Expertise France and sponsored by Libyana, was officially launched on 19th of November 2019 in Tripoli with the presence of entrepreneurs, officials, and partners. 37 entrepreneurs participated in the official opening of the programme, and they will attend important training […]

Advancing Libyan/British Business

“The biggest and best Libyan-British trade/investment gathering in 10 years.” – Sir Vincent Fean, Chairman, Libyan British Business Council (LBBC) “Libya will raise its oil production from 1.25 million barrels a day now to 2.1 mbd by 2024.” – Engineer Mustafa Sanalla, Chairman, National Oil Corporation of Libya Over 150 Libyan state-owned and private businesses […]

Libya Static in Doing Business Index

By John Lee. Libya has been ranked 186th out of 190 countries in the World Bank‘s recent Doing Business 2020 report, maintaining its position from the previous year. Top of the list were New Zealand, Singapore and Hong Kong, with last place going to Somalia, just behind Eritrea and Venezuela. Iran ranked 127th, with Iraq […]

NOC launches Electrification Project in Ajdabiya

The National Oil Corporation (NOC) launched a community electrification and grid decongestion project in Ajdabiya municipality, as part of the Corporation’s efforts to support and strengthen public infrastructure, sustainable development and energy security in the area. NOC’s Sustainable Development department is set to complete a series of works, valued at over 1 million dinars, including […]

Plastics Plant Reopens in Ras Lanuf

By John Lee. The polythene factory at Ras Lanuf has reportedly reopened, having been shut down for more than eight years “because of poor security“. According to Reuters, the plant, with an initial capacity of 80,000 tonnes a year, is operated by Ras Lanuf Oil and Gas Processing Company (RASCO), a subsidiary of the National […]