Ukrainian official: American pressure to prevent using frozen Russian funds for Kyiv’s financing.
A Ukrainian official said the United States is pressuring European countries to abandon the idea of using frozen Russian assets to support Ukraine. The official, who declined to be named, explained that Ukrainian President Volodymyr Zelenskyy will head to Brussels tomorrow, Thursday, to convince European partners to use the frozen Russian assets to support Kyiv. […]
American crude oil drops to its lowest level since 2021.
US crude oil prices fell by nearly 3% in daily trading, closing at their lowest level since the beginning of 2021, as expectations of a supply glut and the possibility of a deal on Ukraine cast a shadow over the markets. West Texas Intermediate crude fell by approximately 2.73% in Tuesday’s trading to close at […]
Baghdad Airport welcomes first European commercial flight after 35-year hiatus.
The Iraqi Ministry of Transport announced on Tuesday the landing of a plane belonging to the Greek company Aegean Airlines at Baghdad International Airport, marking the first European commercial aircraft to land there in 35 years. The ministry stated in a release that this flight is a pivotal milestone heralding a new phase of recovery […]
Libyan Interior Ministry issues strict measures for transferring and moving financial funds.
The Libyan Ministry of Interior has issued new directives prohibiting the transport of large sums of money exceeding 100,000 Libyan dinars, regardless of denomination. It confirmed that violators will be referred to the Financial Crimes and Money Laundering Control Agency for legal action. The decision came in a circular addressed to heads of agencies, directors […]
The Libyan dinar continues to collapse against the US dollar and banknotes.
The Libyan dinar continues to record a sharp decline against the US dollar in the parallel market, amid growing fears of the repercussions of this collapse on the economic and living conditions of citizens. Details of trading this Wednesday: The exchange rate for the dollar rose to 8.54 Libyan dinars in cash. While the price […]
Algeria decides on new increases in pensions and retirement benefits.
The Algerian Council of Ministers approved new increases in pensions and retirement benefits during a session chaired by the President. This move is part of efforts to support the purchasing power of limited-income groups. The government statement clarified that the increase will be 10% for retirees whose pensions do not exceed 20,000 dinars, while those […]
Arabian Gulf Oil Company discusses technology support with Halliburton
The Arabian Gulf Oil Company has held discussions with the US firm Halliburton on supporting oil fields with modern technology to improve operational efficiency and increase production. The discussions reviewed ongoing operations across the company’s fields and facilities, as well as future work programmes aimed at boosting production rates and raising efficiency in line with […]
Tax Authority launches unified tax system
The Tax Authority has announced the official launch of the unified tax system, along with the introduction of several digital platforms scheduled to become operational in 2026. This announcement was made during the regular 2025 meeting of the directors of the Authority’s departments and offices nationwide, held in Tripoli. The Head of the authority emphasized […]
Libya and Serbia sign memorandum to strengthen economic and trade relations.
Libya’s General Union of Chambers of Commerce, Industry and Agriculture has signed a Memorandum of Understanding with Serbia’s Chamber of Economy to boost economic and trade cooperation. The agreement was signed in Belgrade in the presence of senior officials and business representatives from both countries. The Union stated that the MoU establishes a framework for […]
Joint operations with ConocoPhillips and Total under review.
The Chairman of the National Oil Corporation (NOC) met with representatives from ConocoPhillips and Total’s Libya branch to review joint operations at oil sites and assess current work plans, according to the NOC. Discussions focused on improving operational performance, strengthening safety programs, and enhancing technical readiness. The parties also discussed future development opportunities and potential […]