The European Union is set to extend its Libya arms embargo mission for two years, a senior EU official said. The mandate of Operation IRINI was initially scheduled to last until March 31, however the EU27 bloc is expected to “adopt a decision next week extending its mandate for two extra years until end of March…

The head of the Libyan Business Council (LBC), Abdalla Fellah, British Ambassador to Libya, Nick Hopton, and Country Director for Libya at the UK Department of International Trade, Lydie Sheehan, met on Wednesday at the British Embassy in Tripoli to discuss private sector cooperation. The two sides referred to t…

The Head of the General Electricity Company of Libya (GECOL), Wiam Al-Abdali, met on Thursday with  the Prime Minister of the Government of National Unity (GNU), Abdulhamid Dbeibeh, and the Governor of the Central Bank, Al-Siddiq Al-Kabir. During the meeting, Al-Abdali said that Libya could see five hours o…

The Libyan businessman, Husni Bey, said on Thursday that the dollar exchange rate fell below 4.97 dinars in the parallel market, adding that it will continue to fall to 4.80 dinars, while noting that it could amount to less than 3 dinars within 18 months. “This can be achieved only through removing wif…