Ministry of Industry and Minerals discusses establishment of cement factory with Hungarian company Rotary International Ltd

The Ministry of Industry and Minerals reported yesterday that during a meeting on the same day at the Ministry’s Misrata office, the Undersecretary of the Ministry of Industry and Minerals, Mustafa Al-Samou, discussed a preliminary proposal...

Arab states secure $351B in renewable energy investment across 15 nations

The energy transition is increasingly gaining momentum in the Arab world. A new report from the Arab Investment Guarantee and Export Credit Corporation (Dhaman) revealed that 15 countries in the region have already attracted more than US$351...

World news in brief: Deadly attacks in Ukraine, Zaporizhzhya nuclear power plant update, first humanitarian flight for Syrians in Libya

Substations, power plants and oil depots were damaged in Chernihiv, Kharkiv, Odessa and Donetsk, temporarily cutting power to hundreds of thousands of homes and businesses in these regions. “As colder weather sets in, strikes on critical...

U.S.-Libya Partnership Strengthened Through Collaborative Medical Civic Action Program in Zliten

In a demonstration of international collaboration and commitment to regional stability, Special Operations Command Africa Civil Affairs (91st CA BN) joined forces with Libyan Security Forces, local medical providers, and the Director of the...

Libya

Libya's oil output averaged 1.3 million barrels per day in the first four months of 2024. Production averaged 1.12 million b/d in full-year 2024, down from 1.2 million b/d in 2023 due to a series of shutdowns and blockades of key fields and export...

NOC, Ministry of Industry and Military Industries Organisation attempt to activate local oil industry equipment manufacturing through private sector

Libya’s state National Oil Corporation (NOC) reported yesterday that a delegation of private sector companies operating in the oil sector, in coordination with the NOC and the Committee for the Localisation of Oil Field Equipment (CLOFE) of the...

Kairouan: Tunisia’s Spiritual Center and Carpet Making Capital

Great Mosque of Kairouan. Photo by Bruno Coelho via Canva The Fourth Holiest City in the Islamic World If I were to ask, “What is the fourth holiest city in the Islamic World, behind Mecca, Medina, and Jerusalem?”, few respondents would know the...

Dbeibah, Qatari ambassador discuss bilateral cooperation in investment and energy

Prime Minister Abdulhamid Dbeibah discussed with Qatari Ambassador to Libya Khalid Al-Dosari issues of bilateral cooperation between the two countries, particularly in the fields of investment and energy. During the meeting, held Tuesday in...

Eni Resumes Exploration in Libyan Offshore Block

Eni SpA has resumed exploration in Block 16/4 in waters northwest of Libya after a five-year pause, the North African country's National Oil Corp (NOC) said. "This comeback includes re-entering the exploratory well C1-16/4 (also known as BESS-3),...

Turkish company meets eastern-based Libyan govt on construction projects

08 october 2025 - 11:54:44 MA/BBA 163 Views Panafrican News Agency Benghazi, Libya (PANA) - Nasr Charh al-Bal al-Obaidi, Minister of Public Works in Libya's eastern-based government, on Tuesday discussed cooperation on construction projects in the...

Libya expands digital payments; Djibouti launches e-wallet

Homepage > News > Business > Libya expands digital payments; Djibouti launches e-wallet Amid the push for digital payments in North Africa, fintech service provider Network International has signed a strategic partnership with Libya’s National...

Libya's football ambitions in focus with high-profile Inter v Atletico friendly

Libya’s international airports will be quite the busy hub for football’s elite, be they its fast risers or its traditional giants, over the next 48 hours. Touching down in Benghazi on Thursday, two heavyweights of the European club game, Italy’s...

Libya, EU agree to expand energy cooperation with focus on renewables

Libya's Oil Ministry and the European Union mission in the country agreed to steer existing programs towards renewable energy, climate action and economic diversification, aiming to support long-term sustainable growth in Libya while strengthening...

Libya's eastern-based parliament reaffirms support for Sudan

TRIPOLI, Sept. 28 (Xinhua) -- Libya's eastern-based House of Representatives, the parliament, on Sunday reaffirmed continued support for Sudan amid ongoing regional challenges, according to the Libyan News Agency. In a meeting in Benghazi between...

Libyan Industry Union signs MoU with Maghreb Bank to expand financing

The Libyan Industry Union and the Maghreb Bank for Investment and Foreign Trade signed a Memorandum of Understanding (MoU) at the bank’s headquarters in Tunis, under the auspices of the Ministry of Economy and Trade of the Government of National...

World Bank raises Morocco’s 2025 growth forecast to 4.4% amid strong agriculture and tourism recovery

The World Bank has revised upward its 2025 growth forecast for the region covering the Middle East, North Africa, Afghanistan, and Pakistan (MENAAP), including Morocco, projecting the Kingdom’s economy to expand by 4.4 percent, an increase of 0.8...

Nigeria’s Banking Woes: How One South African Bank Outvalues an Entire Industry

It is a sobering reality that one South African bank, Standard Bank Group, has a market capitalisation of roughly ZAR 384.34 billion (about $21–22 billion), while the entire Nigerian banking sector combined cannot match it. For a nation of more...

Libya’s NOC Presents Strategic Vision for Energy Sector at Libya France Forum in Paris

Libya’s National Oil Corporation (NOC) participated in the Libya France Energy Forum in Paris, an event organized by Business France. During the forum, the NOC outlined its strategic vision to increase oil production, develop renewable energy and...

Eni resumes offshore exploration in Libya’s offshore Block 16/4 

Libya’s state-owned National Oil Corporation (NOC) has announced that the North African arm of Eni, an Italy-based energy company, has restarted exploration work in the north-west offshore area of Libya. This move, particularly focusing on...

Eni Restarts Drilling Work Offshore Libya

Italy’s Eni has restarted drilling operations offshore Libya after a five-year break prompted by the Covid pandemic. The National Oil Corporation of Libya said that the Italian supermajor had started drilling at Block 16/4 in the northwestern part...