The Libya Africa Investment Portfolio (LAIP) opened its Prime Atlantic Hotel in the Gambian capital Banjul last Saturday after the completion of the first phase of its maintenance, LAIP’s Media Department informed Libya Herald. LAIP, created under the Qaddafi regime, is Libya’s sovereign investment fund specialised in investments in Africa. It owns and manages the […] The post LAIP’s Prime Atlantic Hotel in Banjul, Gambia reopened after completion of initial renovation appeared first on LibyaHerald ..read more

Royal Jordanian and Qatar Airways will resume flights to and from Libya this month and discussions are ongoing with Saudi Airlines to resume their flights, Transport Minister Mohamed Shahoubi confirmed. Shahoubi made the confirmation during a meeting Sunday with Tripoli based Libyan Prime Minister Abd Alhamid Aldabaiba to follow up on several air aviation files, […] The post Jordanian and Qatar Airways to resume Libya flights this month – discussions ongoing with Saudi Airlines appeared first on LibyaHerald ..read more

The UK will investigate any allegations of corruption in the Libyan oil sector. The statement was made in a written answer in the British House of Commons (parliament) by the British Deputy Foreign Secretary David Rutley. The question was asked by member of parliament Daniel Kawczynski. Kawczynski asked Rutley ‘‘what assessment his Department has made […] The post  UK will investigate any allegations of corruption in Libyan oil sector appeared first on LibyaHerald ..read more

The General Electricity Company of Libya (GECOL) announced yesterday that Korea’s Hyundai had resumed work on the Tripoli West 1,400 MW Steam Power Station project. At a ceremony yesterday, GECOL’s Chairman, Mohamed Al-Mashay, inaugurated the resumption of work on the project, in the presence of the Minister Counsellor of the Embassy of the Republic of […] The post Hyundai resumes work on Tripoli West 1,400 MW power station: GECOL appeared first on LibyaHerald ..read more

Libya’s first Quality of Food Industry & it’s Pests Management Expo opened Tuesday in Tripoli. The event is sponsored by the Misrata Chamber of Commerce, Industry and Agriculture, In his opening speech, Fathi Al-Amin Al-Turki, Misrata Chamber Chairman, praised these types of exhibitions and their importance, which reflects on the food industry in Libya. The […] The post Libya’s first Quality of Food Industry & it’s Pests Management Expo opened appeared first on LibyaHerald ..read more

Libya’s Tika Construction Chemicals, a growing enterprise founded in Benghazi, has quickly established itself as a key player in the construction chemicals market. Since launching operations in 2023 with its first production line of tile adhesives, the company has made significant strides in both local and international markets. These tile adhesives are engineered for securing […] The post Libya’s Benghazi based Tika Construction Chemicals makes waves in industry appeared first on LibyaHerald ..read more

A consortium of four major American international companies working in the field of modern agriculture and advanced irrigation systems visited the headquarters of the Water Investment Authority for the First Phase of the Man-Made River in the Benghazi Plain area in Salouq to exchange experiences. The consortium visited the huge single pivot (circles) irrigated Jardinah […] The post Consortium of American agricultural companies visit Libyan pivot irrigation project in east appeared first on LibyaHerald ..read more

The ‘‘Made in Algeria 3’’ exhibition will be held from 3 to 6 June at the Tripoli International Fairgrounds. The local organisers report that the event will include ‘‘the participation of a group of the most prominent Algerian companies specialized in various fields’’ enabling visitors to the event ‘‘to learn about their products and services’’. […] The post The ‘‘Made in Algeria 3’’ exhibition will be held from 3 to 6 June at the Tripoli International Fairgrounds. appeared first on LibyaHerald ..read more

The Tripoli based Minister of Economy and Trade, Mohamed Al-Hwej, issued a Ministerial decision yesterday approving the regulations for granting guarantees to the credit fund. The fund works to guarantee a proportion of the risks facing financial institutions operating in Libya, such as banks, to finance economically viable projects. It is hoped that the decision, […] The post Economy Minister issues decision to guarantee credit funds – move should help increase business loans and drive Libyan economy appeared first on LibyaHerald ..read more

The Governor of the Central Bank of Libya (CBL), Saddek El-Kaber, signed a memorandum of understanding yesterday with Mohammed Al-Jasser, the Chairman of the Islamic Development Bank Group (IsDB), to establish the National Fund for Economic Empowerment. The agreement to establish a specialized development fund, the Tripoli government said, comes within the framework of an […] The post Libya signs MoU with Islamic Development Bank to establish the National Fund for Economic Empowerment appeared first on LibyaHerald ..read more