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Libyan Foreign Bank Reports US$440 Million Profit in 2024

6Jan

By EditorNo Comments

Business, Libya, News

Libyan Foreign Bank Reports US$440 Million Profit in 2024

Tripoli— The Libyan Foreign Bank (LFB) is reporting net profit exceeding US$440 million during the fiscal year 2024, according to a bank statement on Sunday 5 January 2025. These results reaffirm LFB...

US-Libya Military Cooperation Discussed in Tripoli

20Dec

By EditorNo Comments

Libya, News

US-Libya Military Cooperation Discussed in Tripoli

Tripoli_ Libya and the United States held talks on military cooperation in Tripoli on Thursday during which the US said it "will continue to seek to strengthen the capacity of professional security f...

Derna Receives First Commercial Ship after Catastrophe

14Dec

By EditorNo Comments

Business, Libya

Derna Receives First Commercial Ship after Catastrophe

Derna_ The Libyan city of Derna that was devastated more than a year ago by Storm Daniel celebrated Friday the entering of the first commercial ship to its newly reopened seaport after being repaired...

New Bridge in Derna Could Open Way for Reconstruction Drive in Libya

7Dec

By EditorNo Comments

Business, Libya, News

New Bridge in Derna Could Open Way for Reconstruction Drive in Libya

Derna_ As a part of reconstructing Derna, the city in eastern Libya that was devastated by Storm Daniel in the middle of the night on 10 September 2023, the bridge of Wadi Marqus (Marquis Valley) in ...

Libya: Driving Courses on Sahara Desert Sand Dunes

5Dec

By EditorNo Comments

culture, Libya, Sports

Libya: Driving Courses on Sahara Desert Sand Dunes

By Staff Writer Sebha_ For a vast country such as Libya that spans over more than two million square kilometers, driving in the Sahara Desert and its huge sand dunes is both a surviving skill and ...

NOC to Oil Companies: Expand Investments in Libya

4Dec

By EditorNo Comments

Business, Libya

NOC to Oil Companies: Expand Investments in Libya

Tripoli_ The National Oil Corporation (NOC) called on foreign oil companies working in Libya that there is now a great opportunity to expand their operations in the country and it would be of a great...

Libyans Told to Exercise Caution Amid Political Chaos in Seoul

3Dec

By EditorNo Comments

Libya, News, World

Libyans Told to Exercise Caution Amid Political Chaos in Seoul

Tripoli_ Libyans who reside in South Korea need to exercise caution as the East Asian country enters a period of political chaos because of deepening conflict between the current South Korean Preside...

Agila, Koury Agree Libya Needs Unified Government

2Dec

By EditorNo Comments

Libya, News, Politics

Agila, Koury Agree Libya Needs Unified Government

Al-Qubba_ There is considerable need for a unified government in Libya that can move towards organizing presidential and parliamentary elections as soon as possible, both the Speaker of Parliament Ag...

Libya’s Central Bank to Print 30B LYD in New Banknotes

2Dec

By EditorNo Comments

Business, Libya, News

Libya’s Central Bank to Print 30B LYD in New Banknotes

Tripoli_ The Central Bank of Libya (CBL) has signed a contract to print what is worth 30 billion Libyan dinars worth of new banknotes as part of its efforts to solve the problem of cash shortages in ...

NOC, GTG to Introduce Renewable Energy to Oil Fields

30Nov

By EditorNo Comments

Business, Libya

NOC, GTG to Introduce Renewable Energy to Oil Fields

Tripoli_ As part of its plan to modernize the oil sector infrastructure, Libya National Oil Corporation (NOC) is now introducing, with help from partner foreign companies, renewable energy technologi...