News Libya: PHOTOS: Thousands dead after ‘catastrophic’ floods in Libya
Around 10,000 people are missing, thousands feared dead, after floodwaters devastated parts of Libya over the weekend. Mediterranean storm Daniel brought heavy rains that caused 'catastrophic' floods, broke through dams and swept away entire neighborhoods. Outside help finally arrived the the north African nation on Tuesday, Sept. 12, 2023, more than 36 hours after the floods.
News Libya: Libya rivals test a new path towards unity, 15 years after Gadaffi downfall
Libya’s next vote was in June 2014, when only 630,000 of Libya’s 1.5 million registered voters cast their ballots. Polling stations in several cities never even opened, and the results were disputed ...
News Libya: Audit Bureau reviews financial position of Libya’s telecom sector
Head of Libya’s Audit Bureau Khaled Shakshak met with Khaled Zaghnin, Director General of the Libyan Holding Company for Communications and Information Technology, along with several department directors from both sides, to discuss key issues concerning the telecommunications sector. The meeting focused on the sector’s overall financial position, including the financial statements of the holding company and its subsidiaries, as well as financial indicators and data related to the sector’s performance.
News Libya: Libya seeks up to $40 billion to boost oil output to 2 million bpd
Libya is seeking tens of billions of dollars in investment as it aims to raise crude production to 2 million barrels per day by 2030.
News Libya: Libya's central bank to inject 2 bln USD into market to support exchange rate stability
The Central Bank of Libya on Sunday announced a set of measures to support exchange rate stability, including a 2-billion-U.S.-dollar injection to finance letters of credit and personal foreign ...
News Libya: Binance’s (BNB) Donations to Morocco, Libya Reflect Growing Crypto Charity
The crypto community has become a prominent contributor to relief efforts for natural disasters, providing direct support to affected regions by utilizing the borderless nature of cryptocurrencies. When tragedy struck two North African countries, Morocco and Libya, in early September, the crypto community was among the first to announce plans to aid affected people via donations. Morocco was shaken by a devastating earthquake, and Libya is dealing with the aftermath of a massive flood. Both caused the death of thousands. To join the relief efforts, global crypto exchange Binance announced last week that it will airdrop free cryptocurrency via its philanthropy arm, Binance Charity. Moroccan and Libyan citizens affected by the disaster can complete the Proof-of-Address (POA) check and receive Binance Coin (BNB-USD) directly to their Binance accounts. In both countries, users from the disaster area will receive $100 worth of BNB, and users from outside can get $10 in BNB. The company has dedicated up to $3 million for Morocco and another $500,000 for Libya. Binance expects to reach around 70,000 users in Morocco and support over 13,000 users in Libya with the airdrop process. Binance CEO Changpeng Zhao, simply known as CZ, asked that exchange users who receive donations but are unimpacted by the earthquake pass the funds on to those in need. Airdrops are a common practice in the crypto world that are used to deliver free crypto assets to early supporters of any given project. However, Airdrops have also become a practical tool in the growing crypto charity efforts as an effective way to directly distribute aid to a much bigger audience without any geographic restrictions. Given how difficult it becomes to access any traditional financial services following a natural disaster, donations using cryptocurrencies have grown in popularity, as they can provide cross-border financial aid to disaster victims in a fast, transparent, and cost-efficient way. In the latest instance, disaster victims from Morocco and Libya can complete a simple address check and receive BNB funds. To validate proof of address, users need to verify their Binance accounts and upload a document proving their residential address. Aside from making it easy to get everyone on board for aid, crypto donations also open a new channel for traditional aid organizations. After an earthquake hit Turkey and Syria in February 2023, more than $10 million in crypto was donated to the crypto wallets shared by major relief aid organizations. Numerous companies from within the crypto ecosystem, including crypto exchanges, Web3 companies, and DAOs (decentralized autonomous organizations), raced to announce support for the relief efforts. Ethereum co-founder Vitalik Buterin alone donated 99 Ethereum (ETH-USD) to Ahbap, a local nonprofit organization in Turkey.During that time, Binance also provided financial aid to its users residing in the region hit by the earthquake in the same fashion —by airdropping $100 worth of BNB tokens to their wallets. A number of local and global crypto exchanges immediately opened public crypto aid wallets for Bitcoin (BTC-USD), Ethereum, Binance Coin, and Binance USD (BUSD-USD) to make it easier for users to join the relief efforts. Crypto can lend a hand to people struggling with human-made disasters as well. Since the Russian invasion started in February 2022, Ukraine has raised over $225 million in crypto donations. As blockchain provides a transparent flow of funds, it’s easy to track where the funds are used. According to Crystal Blockchain, humanitarian initiatives accounted for the majority of donations, with $134 million going to aid people in need, while military-related campaigns raised $91 million. Blockchain, the underlying technology that powers up cryptocurrencies, opens new horizons for global relief efforts by enabling the transfer of any assets globally with negligible costs. By making transactions publicly traceable, blockchain can address the accountability and trust issues of traditional philanthropy. The global and instant characteristics of crypto donations are quickly embraced by both individuals and businesses, triggering significant growth in crypto donation volume despite the long-lasting bear market. Since funds are delivered directly from contributors to those who are in need, crypto charity eliminates the need for any centralized organizations and makes personal donations as efficient as organizational efforts. Disclosure
News Libya: Oil for unity: What is the US mediation plan in Libya?
Fifteen years after NATO’s intervention in a Libyan uprising set the stage for a prolonged period of chaos and political crisis, the United States is leading a diplomatic push for a reunification plan ...
News Libya: Libya banks to join China’s CIPS payments network
Libya and China have agreed to deepen financial cooperation, including plans for Libyan banks to join China’s Cross-Border Interbank Payment System (CIPS). The deal was reached during talks in Beijing between the Governor of the Central Bank of Libya (CBL), Naji Issa, and his Chinese counterpart, Pan Gongsheng. In a statement on Thursday, the CBL said the agreement also includes diversifying Libya’s investments through entry into China’s bond market.
News Libya: Repsol Libya Branch discovers oil in Libya’s Murzuq basin
Repsol Libya Branch made a new oil discovery about 800 km south of Tripoli. An exploration well is producing about 763 bo/d from the Mummiyat formation. Repsol Libya Branch (REMSA) and Libya's ...
News Libya: Is Libya quietly becoming the biggest oil prize the West can't afford to ignore?
Libya has boosted crude production to a 13-year high of nearly 1.5 million bpd and is targeting 2.1 million bpd within three to five years, supported by OPEC's stronger long-term oil demand outlook.
News Libya: Libya Energy & Economic Summit: Over $20B in Deals Highlight Renewed Global Confidence
The Libya Energy & Economic Summit (LEES) has established itself as Libya’s premier gateway for upstream capital, consistently...
News Libya: Libya food imports fall as turmoil disrupts deliveries
LONDON/CAIRO - Imports of food, including wheat, are dropping sharply to Libya, which has the highest per capita bread consumption in the world, as foreign shippers run scared of making direct deliveries due to worsening turmoil.
News Libya: Libya, Morocco discuss strengthening cooperation in employment, and training
Minister of Labour and Rehabilitation, Government of National Unity, Ali Al-Abed, met with the Moroccan Minister of Economic Integration, Small Businesses, Employment, and Skills, Younes Sekkouri, in Rabat to discuss ways to enhance cooperation between Libya and Morocco in the areas of employment, vocational training, and skills development.
News Libya: Structured Dialogue's Economic Track members warn of rising public debt
Members of the Economic Track of Libya’s Structured Dialogue have warned that the continued rise in public debt and worsening structural imbalances in the Libyan economy will place increasing pressure on public finances, foreign exchange reserves, and the value of the Libyan dinar unless meaningful reforms are implemented.
News Libya: Libya restricts agricultural pesticide imports to European, US and Canadian products
Libya’s Minister of Economy and Trade, Suhail Abu Shiha, has issued a decision regulating the import of agricultural pesticides, limiting imports to products of European, US and Canadian origin as part of efforts to strengthen public health protection, food security and oversight of pesticides circulating in the Libyan market.
News Libya: Libya falls to 4th place among Africa’s largest importers of Brazilian meat
Libya’s imports of Brazilian meat declined in 2025, causing the country to lose its position as Africa’s second-largest importer of Brazilian meat products in 2024 and fall to fourth place on the continent. According to data published by Economic and Financial Affairs Council (ECOFIN), Libya imported approximately 74,965 tonnes of Brazilian meat in 2025, a noticeable decline compared with the previous year, when it ranked second in Africa amid strong domestic demand for imported meat.
News Libya: As Libya Oil Output Hits 12-Year High, Revenues Trickle In
While Libya reports record oil production, central bank bottlenecks and import costs delay recovery. | Global Finance Magazine ...
News Libya: Libya: Has the Stability of the Dinar Become a Security Issue?
In recent months, security and economic developments in Libya no longer appear as separate tracks as they once did. There is now a clear intersection between financial and security affairs, suggesting that the state has begun to view the economy not merely as a matter of numbers and monetary policies, but as part of the broader equation of political stability itself.
