LibyaHerald

Libya’s Tripoli based Ministry of Economy reported yesterday that the Minister of Economy and Trade approved four decisions concerning (Indian, Maltese, Italian and Egyptian) foreign companies. These decisions included extending the operating licenses of branches and relocating the headquarters of one of the branches. The Ministry says this comes as part of its efforts to […]...

According to a leaked letter, directed to all General Managers of banks operating in Libya, dated 28 April, the Central Bank of Libya (CBL) has issued new instructions to Libyan banks regarding the status of hard currency cash. According to the circular, the CBL is now allowing banks in Libya to: These new loosening of […]

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Libya’s National Oil Corporation (NOC) signed a Memorandum of Understanding (MoU) yesterday with American oil giant Chevron to conduct a joint study to evaluate the potential of unconventional shale oil and gas resources in several sedimentary basins within Libya. According to the MoU, the study will cover three sedimentary basins: Sirte, Murzuq, and Ghadames. Technical […]

A joint Libyan-Italian workshop entitled “Libyan-Italian Relations: Towards a Comprehensive and Sustainable Model” was held in Tripoli yesterday. The workshop was organized by the Tripoli based Ministry of Foreign Affairs and International Cooperation with broad participation from officials, experts, and businesspeople from both countries. The Privatization and Investment Boa...

The U.S. Department of State announced yesterday that it has approved a possible Foreign Military Sale to the Government of Tunisia to buy equipment in support of its Border Security Project Phase III. The total estimated cost is $95 million. The U.S. Department of State reported that the Government of Tunisia has requested to buy […]

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