Economy

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.
09-01-2011
The GPC of Planning and Finance has set the state budget for 2011 at LD57bn ($45.6bn), with projected revenues of LD50bn ($40bn) from oil and LD7bn ($5.6bn) from non-oil sources.
02-01-2011
The Belarusian ambassador to Libya took a commercial delegation to the Jebel Gharbi region of Libya on 28 December, reported the Al Fajar Al Jadeed newspaper. 
02-01-2011
New statistics released by the Central Bank of Libya showed that annual inflation rose to 2.9% in November 2010, up from 2.0% in October. The rise took the overall Consumer Price Index (CPI) to 132.0 against a 2003 base of 100
02-01-2011
The eastern branch of the General Authority of Ownership and Investment organised a workshop on 25 December in Benghazi to discuss the role of loans in promoting national investment, according to the Al Jamahiriya newspaper.
19-12-2010
The GPC for Industry, Economy and Trade is requesting that Libyan firms complete its registration process in order to be better prepared for tendering, according to the Tripoli Post.