Economy

04-06-2012
The list of some 330 companies and invididuals whose assets were frozen last month by the National Transitional Council (NTC) has been reduced to 241 with the issue of a new decision.
28-05-2012
Our online business and economic resource launched on 28 May. Read on to learn more about the different features of The Libya Report  including news, analysis, a company database, tenders, events, stock market data and more.
27-05-2012
The General Board of Ownership and Investment (GAOI) has reopened its Central Region office in Misrata and says it is trying to address problems faced by previously privatised companies.
24-05-2012
Our view on the implications of a recent decree for thousands of government contracts signed in Libya before 2011, and the companies involved in them.
19-05-2012
Officials from the Ministry of Economy and Trade held a meeting on 16 May with representatives from Korea's Knowledge Sharing Programme (KSP).
11-05-2012
In an interview with Saudi Arabia's Al-Jazeera newspaper last week, the Libyan Minister of Economy, Ahmed al-Koshly, spoke about recovering Libya’s foreign assets and the cost of last year's foreign intervention.
02-05-2012
An International Monetary Fund (IMF) report published in April estimates that Libya’s real GDP fell by 60% in 2011, but expects it to bounce back quickly in 2012 as crude output recovers.
26-04-2012
The Libyan Export Promotion Centre (LEPC) has laid out plans to increase the volume of Libya's non-oil exports, which it says accounted for only 2% of the country's gross domestic product in 2010.
06-02-2011
Secretary of the GPC for Industry, Economy and Trade, Mohamed Haweij, issued Decision 41 of 2011 to reduce the prices of locally-produced cooking oil and sugar, according to Quryna.
30-01-2011
A Jordan Economic Forum was held in Tripoli on 23-24 January to discuss joint cooperation between the two countries, Al Jamahiriya reported.
16-01-2011
The GPC has decided to remove taxes and customs duties on local and imported staple goods, Al Jamahiriya reported.
16-01-2011
The National Planning Council (NPC) reported that the total contract value of current development projects is LD141.4bn ($113.2bn), according to Al Shams.
16-01-2011
The GPC says that it has established around 60 industrial zones in Libya in the past year, covering a total of 4,855ha, according to Al Shams.
09-01-2011
GPC Secretary Al Baghdadi Ali Al Mahmoudi says the government plans to float a number of public-sector companies and reform some development projects, Al Shams reported in early January.
09-01-2011
Shares worth LD5.8bn ($4.6bn) were transferred from the Economic and Social Development Fund (ESDF) to 250,000 low-income families on 6 January under an arrangement to distribute Libya’s economic wealth to the country’s poorer citizens.