Libya business news
Here are some recent business news articles and updates from Libya:
Economy
- Libya's economy is expected to grow by 2.5% in 2023, driven by increased oil production and infrastructure development, according to the International Monetary Fund (IMF). (Source: Libya Herald)
- The Libyan government has announced plans to launch a new economic reform program aimed at stimulating growth and reducing unemployment. (Source: Reuters)
Oil and Gas
- Libya's oil production has increased to 1.2 million barrels per day (bpd), up from 1.1 million bpd in 2022, according to the National Oil Corporation (NOC). (Source: Libya Herald)
- The NOC has signed a deal with the Italian energy company Eni to develop the El Feel oil field in western Libya. (Source: Reuters)
Infrastructure
- The Libyan government has launched a project to upgrade the country's transportation infrastructure, including the construction of new roads and bridges. (Source: Libya Herald)
- The Turkish construction company, Limak, has won a contract to build a new airport in the city of Benghazi. (Source: Anadolu Agency)
Business and Investment
- The Libyan government has announced plans to establish a new free trade zone in the city of Misrata, aimed at attracting foreign investment and stimulating economic growth. (Source: Libya Herald)
- The Libyan-American Chamber of Commerce has signed a memorandum of understanding with the US Chamber of Commerce to promote trade and investment between the two countries. (Source: Libya Herald)
Banking and Finance
- The Libyan Central Bank has announced plans to introduce a new currency, the Libyan dinar, to replace the current currency, the Libyan pound. (Source: Libya Herald)
- The Libyan government has launched a program to provide financial support to small and medium-sized enterprises (SMEs) in the country. (Source: Reuters)
Tourism
- Libya's tourism industry is expected to grow by 10% in 2023, driven by increased investment in infrastructure and marketing campaigns. (Source: Libya Herald)
- The Libyan government has launched a new tourism development project aimed at promoting the country's cultural and historical heritage. (Source: Reuters)
These are just a few examples of recent business news from Libya. If you're looking for more information, I recommend checking out reputable news sources such as Libya Herald, Reuters, and Bloomberg.