The Libyan Prime Minister, Fathi Bashagha, asked the head of the National Oil Corporation, Mustafa Sanalla, to set up a mechanism to preserve oil revenues to end the oil closure crisis while ensuring the continuation of the payment of salaries and support in order to preserve the interest of the citizens. Bashag…

The World Bank has warned that Libya will face enormous economic challenges in light of the disintegration of state institutions and social challenges with the tense political situation. Jesko Hentschel, the Regional Director of the World Bank for the Maghreb and Malta, said that Libya desperately needs unified …

The Minister of Economy and Trade in the Government of National Unity, Muhammad al-Huwaij, discussed with Minister of State for Economic Affairs Salama Al-Ghweil the possibility of activating the Price Stabilization Fund and working on developing a program to reform commodity subsidies in line with local and intern…

As Libya continues to seem to be headed for a direction following the cancellation of the expected December 24 first round of presidential elections, Libya has considered a slew of high-level figures talk out nervously about the country’s unsure course to useful governance and peace. In October, each Libyan Foreign…