Unified drilling regulations adopted for companies.
The Board of Directors of the National Oil Corporation (NOC) has approved a unified drilling regulation for companies, marking the first time such a framework has been adopted in the sector. The regulation aims to protect workers and equipment and reduce operational risks. The NOC stated: «The Chairman and members of the Board of Directors […]
Trump announces blockade of «sanctioned Venezuelan oil tankers.»
U.S. President Donald Trump announced the imposition of a naval blockade on «sanctioned oil ships» departing from and heading to Venezuela, marking a new escalation in the pressure campaign he is waging against Caracas. Trump wrote on his platform «Truth Social» days after U.S. forces seized an oil tanker off the Venezuelan coast: «Today, I […]
Saudi Riyal exchange rate against the Egyptian pound today, Thursday, December 18, 2025
The Saudi Riyal remained stable against the Egyptian Pound today, Thursday, 18-12-2025, during daily trading. At the National Bank of Egypt, it recorded a price of 12.53 EGP for buying and 12.63 EGP for selling. The average exchange rate at the Central Bank of Egypt was 12.52 EGP for buying and 12.66 EGP for selling. […]
CBL approves final licenses for 91 new exchange firms, total reaches 278
The Central Bank of Libya announced that the Governor has approved final operating licenses for 91 additional exchange companies and offices. According to the Bank’s statement, this move is part of a broader plan to activate and strengthen the role of currency exchange companies within the Libyan market. The statement noted that, following earlier announcements […]
Libya and Turkey agree to cooperate in organizing exhibitions and economic forums.
Emaar Libya Exhibitions and Conferences Company signed a cooperation agreement with the Anatolian Businessmen’s Association in Benghazi on Saturday. This follows growing interest from the Turkish side in entering joint projects in Libya, particularly in light and medium industries. The agreement will contribute to strengthening bilateral cooperation between Libya and Turkey in organizing and promoting […]
Egyptian and Jordanian Electricity Ministers Witness Signing of Power Exchange Agreement
As part of the action plan and renewable energy strategy for electrical interconnection with neighboring countries, transforming Egypt into a strategic hub for energy transmission and exchange between Asia, Africa, and Europe, improving operational quality and performance rates, and continuing to support, develop, and modernize the national electricity grid to increase its capacity and ensure […]
Dollar and Pound rise, Euro declines: Foreign exchange rates in the official market (December 17, 2025)
The official Libyan market witnessed a rise in the US dollar price and fluctuations in the exchange rates of several foreign currencies against the Libyan dinar on Wednesday, according to data from the Central Bank of Libya. The average exchange rate for the US dollar against the Libyan currency rose to 5.4222 dinars. According to […]
Prime Minister and Central Bank Governor discuss liquidity and banking reforms.
Prime Minister Abdul Hamid Dbeibah has held talks with the Central Bank Governor on measures to address liquidity shortages and improve banking services. The meeting in Tripoli focused on coordination regarding letters of credit, efforts to stabilize the economy, curb parallel market speculation, and tighten controls on money laundering and illicit financial flows. Both sides […]
African Development Bank unveils strategic cooperation framework with Libya
The African Development Bank Group has announced the strategic pillars of its cooperation with Libya for the 2025–2028 period, aimed at supporting reconstruction efforts and driving long-term economic transformation. In a report released on December 12, the bank highlighted Libya’s significant potential, citing its vast hydrocarbon wealth, substantial foreign currency reserves, renewable energy prospects, untapped […]
Minister of Housing discusses reviving stalled projects with Chinese construction firm.
The Acting Minister of Housing and Construction for the Government of National Unity, Abu Bakr Oweidat, held discussions with senior officials from the Chinese state-owned company CSCEC to explore cooperation in executing housing, infrastructure, and public construction projects in Libya. The meeting also addressed possibilities for joint investment and the exchange of technical and engineering […]