Archive | Industry & Trade

Possible Reopening of Iraqi Embassy in Libya

By John Lee. Iraq's Foreign Minister, Fuad Hussein, has met with the Foreign Minister of Libya's Government of National Accord (GNA), Mohamed Taher Siala, on the sidelines a meeting of the League of Arab States in Cairo. Minister Hussein congratulated his Libyan counterpart on the occasion of announcing the results of the formation of the […]

Libyan Parties Agree on Unified National Budget

Libyan parties agree on a two-month unified National Budget and Work to Address the Banking Crisis This week, two important decisions were taken that will positively affect the economy and create momentum towards unifying the national financial institutions. On 3 February 2021, the Council of Ministers promulgated a two-month interim budget for 2021. This is […]

Pakistan "must Exploit Huge Potential of Libya"

By John Lee. The Pakistani Ambassador to Libya has reportedly said that his country should exploit the huge potential for reconstruction in Libya. Major General (retired) Rashad Jeved Hilal-i-Imtiaz is quoted as telling Faisalabad Chamber of Commerce and Industry (FCCI) that the elections expected on December 24 will usher a new era of reconstruction, with […]

UNICEF Concerned over Water situation in Libya

Over 4 million people, including 1.5 million children, will face imminent water problems if immediate solutions are not found and implemented. The prolonged crisis has left the sector facing great challenges, leading to a significant decline in services. This is mainly attributed to the lack of required budgets for the purchase of equipment, operational materials […]

New Gas-Fired Power Plant for Zliten

By John Lee. The General Electricity Company of Libya (GECOL) has reportedly announced plans to build a new gas-fired power plant in Zliten. According to Construction Review Online, the $134-million project will be completed within the next five months, and include the installation of four 41-MW turbines. More here. (Source: Construction Review Online)

EWG Meets to address Urgent Economic Issues

On 21 January, the co-chairs of the International Follow-Up Committee on Libya's Economic Working Group (EWG), including Acting Special Representative of the Secretary-General for Libya Stephanie Williams and representatives of Egypt, the United States and the European Union, convened a meeting to discuss urgent economic issues including the need to manage the impacts of a […]