Archive | Industry & Trade

Video: Libya's Entrepreneurs find Opportunities amid Fighting

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Libya Business News. Nearly a year of fighting near Libya's capital has taken a heavy toll on the economy. Many businesses have closed and young people have sought work abroad. But some entrepreneurs say they are determined […]

Libyan Mining "may become More Important than Oil"

By John Lee. The Economy Minister of Libya's Tripoli-based Government of National Accord (GNA), has said that mining may eventually become a more significant economic activity than oil production. S&P Global Platts quotes Ali Al-Issawi as telling the Arab-British Chamber of Commerce (ABCC) in London: "Libya has gold, magnesium and iron ore ....... (mining) could […]

China to build Solar Power Plant in Eastern Libya

By John Lee. The Prime Minister of Libya's Eastern-based government, Abdullah al-Thani [Thinni], has laid the foundation stone for a new 100-MW solar power plant in Kufra. Built on a 200-hectares site, the project is being implemented a Chinese company. (Source: Tobruk-based Government)

Democrats call on Trump to Sanction Hafter

By Bryant Harris for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Libya Business News. Democrats call on Trump to sanction Libyan warlord Khalifa Hifter Democrats are calling for sanctions on Libyan warlord Khalifa Hifter [Haftar] amid concerns that the Donald Trump administration has been too […]

Algeria, Libya Plan Free Trade Zone

By John Lee. Algerian Minister of Trade Kamel Rezig (pictured) has reportedly announced a joint initiative with Libya to establish a free trade area. Xinhua quotes him as telling 300 businessmen at an Algerian-Libyan Business Forum in Algiers that his government is keen to remove all obstacles to boosting trade with Libya. He also revealed that […]

Female Entrepreneurs Celebrated in Libya

In the framework of the project European Union for Private Sector in Libya (EU4PSL), funded by the European Union, 12 Libyan female entrepreneurs across Libya were awarded a prize of 5000 euros each at the awards ceremony "Women Female Entrepreneurs Contest" held in Tunis. In total 30 women from all regions of Libya participated in […]

Libya Improves Ranking in Corruption Perceptions Index

By John Lee. Transparency International has said that Libya's ranking has risen slightly in its global Corruption Perceptions Index (CPI). From a total of 180 countries, Libya came in at number 168; last year’s position was 170 out of 180 countries. This result puts it on equal ranking with Haiti, the Democratic Republic of the […]