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Western Nations Welcome Libya’s Election Agreement, Urge Final Signing.

TUNISIA – Ten Western nations, France, Italy, Germany, Greece, Malta, the Netherlands, Spain, Switzerland, the UK and the US, welcomed a breakthrough agreement on Libya’s electoral framework in a joint statement on 25 August.

The deal, reached within the UN-facilitated “Smaller Convening,” covers reconstituting the board of the High National Elections Commission and revising the electoral framework. It was initialed in Tunis on 20 August by the “4+4” committee, an eight-member body split between eastern and western Libya, formed by the UN in May.

The governments commended the Libyan participants for bridging differences, urged all stakeholders to support and implement the agreement, and called it a credible step toward inclusive national elections and unified institutions.

They reaffirmed support for UNSMIL and Special Representative Hanna Tetteh in facilitating a Libyan-led process, and for Libya’s sovereignty, unity and territorial integrity.

Libya has not held a national vote since 2014. The agreement still faces hurdles: no election date has been set, and the outcome must be endorsed by Libyan institutions, some of which have voiced reservations.

Benghazi Draws World’s Urban Planners for Landmark 2050 Vision.

BENGHAZI — The Fund for Development and Reconstruction of Libya (FDRL), a key development institution under the Benghazi-based government, is hosting one of the largest international urban planning events in the country.

Led by FDRL Director General Eng. Belgasem Khalifa Haftar, the Global Competitive Urban Planning Initiative Benghazi (GCUPI-B) brings hundreds of international and national companies to Benghazi on 6–8 September 2026 to present their designs and ideas for Libya’s urban future.

The initiative, launched with the Urban Planning Authority, aims to build an integrated master plan for Benghazi 2050, covering urban, economic, social and environmental development, with a focus on the city’s Central Business District.

The three-day event features exhibitions, executive reviews and company presentations. Firms advancing through the process will sign memoranda of understanding with the fund on the final day.

Interested Visitors and Contributors Can Join Through Following Link: https://urbanbenghazi.org

NDA Delegation Holds Energy Investment Talks in Cyprus

CYPRUS – Libya’s National Development Agency (NDA), the development institution of the Benghazi-based government, is exploring renewable energy investment in Cyprus.

A delegation led by NDA Director General Dr. Mahmoud Al-Farjani held economic and investment meetings in Cyprus, in cooperation with the Cyprus Chamber of Commerce and Industry. Talks focused on renewable energy projects, especially solar power and energy storage systems, to supply reliable electricity for Libya’s development plans.

GNU Suspends 27 Companies Over $146.7M in Import Credits

TRIPOLI – Tripoli based Government of National Unity has suspended the operations of 27 companies after a review of their compliance with foreign trade rules, the Ministry of Economy announced.

The companies had been issued letters of credit worth about $146.7 million in the first seven months of 2026, money used to finance imports and other business activities.

However, on the back end all of that sum went to just three beneficiaries, all from the same family. One, received around $79 million, 2nd arounf $52.2 million; and 3rd about $15.5 million.

The ministry also froze the commercial registration, import licences and importers’ register entries of the companies tied to the three, pending further examination. It described the move as a precautionary step to verify records and legal standing, and said final findings would follow once the audit is complete.

Even at $146.7 million, this is only a small piece of a much bigger problem. Corruption is still Libya’s heaviest burden, a rapid drain that has helped turn an oil-rich country, once able to care well for its people, toward decline. Cases like this, where a few elites take most of the state-backed credit, show how public money quietly disappears while the country stops moving forward.

Whether these companies actually broke the law is for the audit to decide, but the pattern is one most Libyans already know well.

Sisi Receives Haftar in Egypt, Affirms Support for Libya’s Unity

EGYPT — Egyptian President Abdel Fattah El-Sisi received Libyan National Army Commander Field Marshal Khalifa Haftar and his accompanying delegation for official talks, according to the Egyptian presidency spokesperson.

Haftar was accompanied by Chief of the General Staff of the Libyan National Army, General Khaled Haftar, and the Director General of the Libyan Development and Reconstruction Fund, Eng. Belgasim Haftar. From the Egyptian side, the meeting was attended by Director of the General Intelligence Service, Hassan Rashad.

Spokesman for the Presidency Mohamed El-Shennawy said President El-Sisi welcomed the visit, underscoring the deep fraternal ties between Egypt and Libya. Haftar, for his part, affirmed his support for efforts to achieve security and stability in Libya and preserve its unity, stressing his keenness to continue coordination with Egypt.

Saddam Haftar Meets Putin in Moscow, Affirms Deep Russia Ties

MOSCOW — Deputy Commander-in-Chief of the Libyan Arab Armed Forces, Lt. Gen. Saddam Haftar, met Russian President Vladimir Putin at the Kremlin on Wednesday, conveying greetings from Field Marshal Khalifa Haftar and stressing Libya’s strong ties with Russia.

Putin praised the Libyan National Army’s role in maintaining security and stability, and voiced support for efforts to unify Libya’s institutions, strengthen stability and preserve the country’s territorial integrity.

Dbeibah Orders Joint Room to Secure Power Plant Fuel Supplies

Prime Minister of the Tripoli-based Government of National Unity, Abdulhamid Dbeibah, has ordered the creation of a joint coordination room to monitor fuel and gas supplies to power plants and respond quickly to shortages.

He called for daily coordination between the National Oil Corporation (NOC) and the General Electricity Company of Libya (GECOL) to improve electricity generation, reduce power outages and ensure stable fuel supplies across Libya.

Tripoli Government Approves New Rules Regulating Foreign Schools and Education.

TRIPOLI – Tripoli Ministerial Cabinet has approved a new resolution regulating foreign schools and educational institutions operating in the country.

The rules require foreign schools to offer accredited programs and respect Libya’s Islamic law, national values, customs and traditions. Schools must also meet safety standards and provide suitable health, engineering and electrical facilities.

Licensed foreign schools may use public school buildings and facilities in exchange for a fee, while private schools must operate from their own premises and only conduct educational activities covered by their licenses.

The resolution also allows foreign embassies to establish schools in Libya under bilateral agreements, provided that they respect the country’s religious, moral and social values

Misrata to Host First Al-Arar International Festival in August

MISRATA – Misrata is preparing to host the first edition of the Al-Arar International Festival, running 18 to 22 August 2026, with a motorsport program featuring rally races, desert cars, and motorcycles.

Organizing committees are carrying out intensive work across the city to finalize event sites and complete arrangements ahead of welcoming visitors, according to organizers.

Held under the slogan “where the sea meets the desert,” the festival aims to combine motorsport, culture, and tourism. The full program is still being finalized, with visitor registration set to open soon

Libya Needs Up to $40 Billion to Boost Oil Output, NOC Chief Says

TRIPOLI — Libya needs between $30 billion and $40 billion in investment to develop new oil and gas resources and raise crude production from around 1.4 million barrels per day to 2 million by 2030, according to National Oil Corporation Chairman Masoud Suleman. More than 60 discovered oil and gas fields remain undeveloped due to a lack of capital.

Major international companies, including Eni, TotalEnergies, Chevron and ConocoPhillips, are expanding their activities in Libya, but investment remains constrained by political instability, security concerns and funding shortages.

The NOC is considering new investment models that would require foreign companies to cover more of the upfront development costs.

Suleman also pointed to security risks, fuel smuggling and heavily subsidised domestic fuel prices as major challenges facing Libya’s oil sector and its wider economy.