Today, oil prices jumped by more than 3%. Both Brent crude oil futures and U.S. West Texas Intermediate (WTI) crude jumped by more than 3% in today’s morning trade. By 12:20 GMT Brent was up $1.35, or 2.5%, at $55.31 a barrel and (WTI) was up $1.25, or 2.5%, at $50.86.

Yesterday, at Al Khums Port, medics screened the crew members of a ship coming from Spain and transited through Djibouti to Libya. Health officials clarified that the medical checkups came as a precautionary measure in anticipation of coronavirus infection. The director of the Port’s Health Control Office at …

The second round of the Libyan Real Estate Development Forum, held in Tunis, started today . Speakers will include the Ministers of Finance and Planning, the head of the Housing and Infrastructure Board (HIB), the Economic and Social Development Fund (ESDF), The Organization for the Development of Administrative…

During the annual Libyan Real Estate Development Forum, the CEO of HB Group, Husni Bey confirmed that 60% of public output in Libya has been crippled since 1978, and 70 % of the buildings are random, adding that their credit value is zero. This year, the forum completes the dialog of the first session, which foc…