Libya News News Libya » Economy: Why Libya's Uprising Is Bad for the World Economy
Even before its outcome is known, Libya’s uprising could leave an indelible mark on the world economy: oil prices have rocketed since Tuesday and could rise even further amid the continuing turmoil ...
News Libya » Economy: Chaos-ridden Libya’s economy on the brink, say experts
Political stalemate and the conflict rocking Libya are preventing the North African country from taking advantage of its vast oil resources and pushing the economy towards collapse, experts say. When ...
News Libya » Economy: Hopes pinned on private sector as Libya economy slumps
Small businesses are prospering in Libya’s major cities even as the economy at large is being throttled because of security problems and industrial action which has shrunk lifeline oil revenues. Its ...
News Libya » Economy: When Economic Stability Becomes a National Project: The Role of Libya's Central Bank
In countries trapped in prolonged political crises, central banks are expected to do far more than manage monetary policy or safeguard the value of the national currency. They become institutions of ...
News Libya » Economy: Rubio, eastern Libya general Saddam Haftar discuss unifying country’s military, economy, politics
Discussions between Rubio and Haftar focused on strengthening strategic partnerships and creating conditions for a democratically elected government in Libya.
News Libya » Economy: Is Libya quietly becoming the biggest oil prize the West can't afford to ignore?
At around the same time as OPEC raised its long-term oil demand forecast for the third consecutive year — now expecting global consumption to rise 19 million barrels per day (bpd), or 18%, by 2050 — ...
News Libya » Economy: Investment Authority discusses cement plant project in Al-Khoms with Pakistani company
Libya’s General Authority for Investment Promotion and Privatization Affairs has discussed with Pakistan’s Lucky Cement, one of the world’s leading cement manufacturers, the possibility of ...
News Libya » Economy: Libya's Refining Capacity Set to Soar to 400,000 bpd
Libya's Minister of Oil and Gas announced plans to increase the country's crude oil refining capacity to 400,000 bpd. The country also aims to boost oil production from 1.4 mb/d to 2 mb/d by 2028 but ...
News Libya » Economy: Libya's Ramadan celebrations tempered by economic woes
During the Muslim holy month of Ramadan, shoppers stock up on foods such as sweet treats — Mahmud Turkia Libyans have been enjoying Ramadan with feasts and fireworks -- but soaring prices, a devalued ...