Today,P.M. Dbeibah paid a long visit to the TMC,the former Tripoli University Hospital,the most important structure in town. He had a long meeting with the Ministry of Health doctor. Ali Al Zanati, doctor Shakshak of Audit Bureau and the new manager of the structure dott. Abdul Atti Alrateeb, regarding the new assets of the hospital and have better services for the Libyan community.
The National Oil Corporation (NOC) said the total net revenues reached, during 2021, amounted to more than 21 billion US dollars.
The Libya Industries Fair has been announced by the organizers&local chamber of commerce, in Misurata today. On March 5th-8th,it will be a good chance for the international companies to join the event and meet local companies.
Business Center Libya will organize for its international clients a commercial mission during the event.If you are interested,feel free to contact us,we will offer a full package(visa-hotel accommodation-transfers-B2B meetings).
Floriano Imperiali This email address is being protected from spambots. You need JavaScript enabled to view it.
The Chairman of the Libyan-Turkish Business Council, Murtaza Karanfil, said Turkish exports to Libya has reached 2.44 billion dollars in 2021: a 64.9% increase from 2020.
The top exporting sectors were chemicals and products with $332 million, followed by the furniture, paper, and forestry products with $298.1 million, and jewelry with $281.8 million, while cereals, pulses, oilseeds products reached $251 million, and clothes with $246.5 million.
"Our trade volume might reach 10 billion dollars,” Karanfil said.
Under the supervision of the Transport Projects Authority, the completion of the second part of the Ain Zara-Wadi Al Rabea road is done. P.M. Abdel Hamid Dbeibah confirmed the official opening and cut the ribbon next week.
No good news is coming from International Monetary Fund. Libya is in the top list in the consumer inflation rates during 2021. We got a 21.1% compared to 2.8% in 2020 and 0.2% in 2019.
In this way, Libya ranked 2rd in the Arabic World, while globally, is in 11th place.
Sudan was on top with 194.6% and Yemen came second with 40.7%.
The Algerian Sonatrach through its CEO Toufik Hakkar, has declared the company will resume its activities in Libya soon. He will visit Libya next month to start planning and organizing the oil&gas operations.
Several events have been held in Tripoli this week to celebrate International Tree Day.
The Ambassador of Pakistan in Libya Rashad Javeed has become the first foreign diplomat to take part in a clean-up campaign in Tripoli. Ambassador Javeed, accompanied by the embassy staff, joined students of the Pakistan Embassy School and College to clean Shat Park in Tripoli under the theme “Keep your environment clean”, as part of the embassy’s celebration of Libya’s Independence Day. “This is our social responsibility to keep things clean. This is our country and we have to keep it neat and clean,” Ambassador Javeed told the students.
Courtesy of Libya Observer.
2021 was a positive year for the Libyan Oil&Gas sector. The Organization of Petroleum Exporting Countries, Opec based in Wien, said that Libya has surpassed Nigeria as Africa’s biggest oil producer.
Libyan oil output was 1.24 million bpd in October, a fair output increase has been registered month after month in all 2021.
Libyan Deputy Oil Minister, Refaat Al-Abbar said Libya plans to produce more than two million barrels per day in 2022, and 4 million barrels per day by 2025.
The Libyan Labor Minister Ali Al-Abed said Libya will receive about two million Egyptian workers in the next two years.This will help the rebuild of the country especially for infrastructure projects. Also the medical sector and school teaching will receive such support.
The incoming and requests will be regulated by a special online system.
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On October 10th-12th 2021, the Libyan International Conference for Investment and Trade was held in the Ubari Desert Moon Resort and Bab Al Bahr Hotel in Tripoli. a big success with participants coming from Libya and foreign countries as Italy. The organizers have sent us the following post-forum report that we decide to publish and deliver, as a newsletter, to our international clients and partners.
- Doing what is necessary to establish the Akakus Economic Forum, which will follow up on the results of the conference and develop mechanisms for its implementation.
- Establishing an international partnership for investments in Africa, centered in Libya, in line with the conference’s axes represented in:
All kinds of energy - mining - agriculture - tourism - real estate investment - free zones and transit trade-health care.
Holding a partnership conference in Italy with the attendance of investors from South Africa, Italy, Ukraine, Spain, America, and the possibility of institutions from other countries joining.
The preparatory committee for the conference are:
- Muftah Omar Muftah - Chairman of the Committee is the President of the General Assembly of Al Yaqin Bank and an advisor to the Minister of State for Economic Affairs in the Government of National Unity in Libya.
- Musa Al-Zubaik - Vice-Chairman of the Committee and Director of the Investment Department at the Libyan Ministry of Economy and Trade and Chairman of the Libyan Company for Finance and Financial Leasing.
- Yahya Ibrahim Adam is a businessman
Saeed Mohammed Al-Khalaf Al-Hadiri, Chairman of the Board of Directors of the African Aviation Holding Company.
- Dr. Abdul Salam Al-Ansari, Vice Chairman of the Board of Directors of the General Electricity Company
- Engineer Ezzedine El-Kariwi, Director of Promotion Department at the Investment Promotion and Privatization Affairs Authority.
- Mansour Al-Sariti, Chairman of the Board of Directors of the Chamber of Commerce, Industry and Agriculture, Sebha.
- Director General of the Chamber of Commerce, Industry and Agriculture, Tripoli.
- Dr. Hamida Milad Abu Rounieh, a university professor.
Dr. Ibrahim Saleh is a solar energy expert.
- Dr. Hussein Al-Hadi Aqeel, an expert in communications and international relations.
- Dr. Ahmed Swedan, a mining expert.
And a number of specialists and experts.
The title of the conference, which will be held in Italy, is an international partnership for investment in Africa, centered in Libya.
- The objectives of the conference that will take place in Italy,
Gathering partnerships to establish the Africa Fund for Investment and Sustainable Development, centered in Libya.
- the activities:
Financing strategic projects in African countries, including
clean energies,
railway,
airports,
free zones and transit trade,
Ports and shipping,
universities,
Hospitals and health centers,
mining,
Agriculture, livestock, food industries, marine fishing, fish farming,
Hotels, parks, sports stadiums, and real estate investment with a proposal to allocate sites submitted by a number of Libyan municipalities to establish a number of projects that will be presented at the meeting with a total area exceeding one million hectares.
Doct. Hosian Akeel
Member of the Board The Libyan International Conference for Investments&Trade.
Libya on Monday received a new batch of the Pfizer-Covid-19 vaccine, comprising one million and 178 thousand doses, with the support of the US government.
The shipment, which arrived at Mitiga Airport in Tripoli, was received by the Director of the National Center for Disease Control, Haider Al-Sayeh, and the US Ambassador to Libya, Richard Norland, in addition to the UNICEF representative in Libya, Lana Al-Wareikat.
The vaccine batch will undergo analysis and the required procedures before its distribution to vaccination centers, NCDC quoted Al-Sayeh as saying.
Courtesy of The Libya Observer.
How is the economical interchange between Libya and the world?
About Italy, we are far away from the 17 billion Euro of 2008 but in the first part of 2021 but Italy got the 21 percent,in front of Spain (12%),Cina (11%) and Germany (10%) of the Libyan export.
For interchange Italy-Libya,first 8 months of 2021, we had 4 billion Euro with a growing of 178% referred to the same last year period.