Libya’s Tripoli-based Government of National Accord (GNA) and Turkey have signed an economy, technology cooperation protocol. Turkish Industry and Technology Minister Mustafa Varank and Libyan Central Bank Governor Al-Siddiq Al-Kabir and the Libyan Investment Authority (LIA) Chairman Ali Mahmoud signed in a me…

Libya’s Tripoli-based Ministry of Finance confirmed yesterday that it has suspended 17,000 state-sector salaries as of the 1 September. The Ministry confirmed that its salary payment system has been linked to the Civil Registry Authority and the National ID Number systems to address the imbalances contained in s…

The world Bank issued a detailed report stressing that the Libyan economy has recently been hit by four overlapping shocks: an intensifying conflict that suffocates economic activity, the closure of oil fields that puts the country’s major income-generating activity largely on hold, decreasing oil prices that redu…

The National Oil Corporation (NOC) renewed its call for immediate and unconditional demilitarisation of all oil facilities after military personnel fired live rounds and heavy weapons in Ras Lanuf port. The NOC said that the presence of forces including mercenaries who lack any kind of discipline are a true t…