Libya

The acting president of Libya's state-owned National Oil Corporation announced that the company plans to increase daily oil and gas production to two million barrels in the next three years if 'the right funds are made available'

The Ministry of Defence said it had launched an anti-crime military operation in the west coast military zone; any political objective was denied, and the operation is to be attributed only to maintaining security and stability in the area

The Libyan parallel government approved the proposal to eliminate subsidies on fuel and petroleum products, the preparation of an appropriate mechanism to implement this measure and more measures linked to the 2025 general budget

A new political initiative aimed at resolving the political crisis has been announced by the UN Support Mission in Libya; with a technical committee of Libyan experts, it will identify steps and priorities for establishing a consensus-based government

All commercial banks operating in Libya can now offer interest-free loans for electronic purchases, to help citizens cope with the country's current liquidity crisis

Libya's National Oil Corporation said it had reached a new production record, pumping 1.386.030 barrels of crude oil and condensate per day, as well as 203.017 barrels of gas equivalent

The “She Leads” project to support entrepreneurship for women in the cities of Tripoli and Sabha were launched at an event in the Old City, Tripoli; it aims at training over 80 women to facilitate their entry into the labour market

Libya has secured the position of host country for the 45th session of the Executive Council of the World Islamic Organisation for Education, Science and Culture to be held in Tripoli in January 2025

The United Nations Support Mission in Libya welcomed the appointment of the Libyan Central Bank's Board of Directors, which is essential to ensure that the CBL operates with independence, integrity, transparency and accountability

A decision to reduce the tax on the official exchange rate of foreign currency purchases by 7%, thus decreasing from 27% to to 20%, has been issued and announced by the Speaker of the House