The Minister of Economy and Trade, Mohamed Al-Hwej, discussed with the Ambassador of South Korea to Libya ‘‘Jang Jihak’’ last Wednesday 17 July, at the Ministry’s Tripoli headquarters, ways to enhance cooperation. The meeting discussed the development of a mechanism for organizing a Libyan Korean economic forum in the capital, Tripoli, in November 2024, with the effective participation of major Korean companies, investors, and business owners in both countries under the supervision of the Ministry of Economy and Trade.‎It also included discussing the raising the level of trade and investment between the two countries, and opening prospects for developing bilateral relations in all fields. The Minister stressed the importance of activating the agreements and memoranda of understanding concluded between the two countries, strengthening the role of the private sector, facilitating the movement of business owners between the two sides, activating the investment partnership and working to solve the obstacles facing them. ‎‎The meeting also reviewed the possibility of cooperation in the field of training to develop the performance of economic institutions in Libya, especially corporate governance, e-commerce, management of economic zones and free zones.‎For his part, the Ministry reported, Ambassador Zhang Jihak stressed his country’s desire to cooperate with the Libya and provide technical and advisory support in the fields of economy, trade, investment and development.‎Ministry of Oil and Gas denounces Egypt’s signing of agreement with South Korea to export Libyan oil without its knowledge (libyaherald.com)Minister of Labour opens new training departments at the Libyan Korean Vocational Training Centre (libyaherald.com)National Project for Rehabilitation and Reintegration signs agreement with Libyan Korean Training Centre on training (libyaherald.com)South Korea embassy to start processing visas from Tripoli ‘‘soon’’ (libyaherald.com)South Korea pledges $ 400,000 to Libyan Korean Centre’s vocational training (libyaherald.com)Libya to set up mechanism to facilitate return of contracted Korean companies (libyaherald.com)

‎The ICS revealed that Libya, despite the high potential for domestic and foreign investment in Libya due to its reconstruction needs, unmet consumer demand, and rich natural resources, the country still faces a difficult investment environment. Libya holds Africa’s largest (and the world’s ninth largest) proven oil reservesLibya holds Africa’s largest (and the world’s ninth largest) proven oil reserves and Africa’s fifth largest gas reserves. For instance, a group of southern protestors closed Sharara oil field, Libya’s largest, in January 2024. NOCThe National Oil Corporation (NOC), an independent, apolitical institution, continues to lay the groundwork for the long-term development and stabilization of the energy sector. Libya’s Investment Law of 2010Libya’s Investment Law of 2010 is the main legal framework for promoting foreign direct investment (FDI).

Libya Is Surging The Tourism Industry With New Visa Free Travel Policy For 8 countries, Including Egypt, Morocco and TurkeyReading Time: 5 minutesLibya, a land of ancient history and rich cultural heritage, is now more accessible to international tourists with its new visa-free entry policy. The countries benefiting from this visa-free policy are Algeria, Egypt, Jordan, Mauritania, Morocco, Syria, Tunisia, and Turkey. Rixos Al Nasr Tripoli: Offers upscale accommodations with various dining options, a spa, and extensive conference facilities. Benina International Airport (BENLocation: BenghaziFeatures: Second largest airport, key hub for domestic and international flights, newly renovated terminal. For those seeking a truly unique and unforgettable travel experience, Libya offers a compelling blend of history, culture, and natural beauty that sets it apart from more mainstream destinations.

July 21, 2024: Turkey continues to maintain military forces in Libya and expects that its troops and mercenaries will remain in Libya as long as it takes to gain their planned economic and political cooperation from Libyans. It has been around since 2015, when it was formed in eastern Libya and proceeded to eliminate rivals, especially Islamic radical groups, throughout the country. Egypt, for the first time in centuries, finds hostile Turkish troops next door and is not pleased. The only obstacle is the Turkish forces that refuse to leave Libya. Turkey is looking out for Turkish economic interests and knows it is blocking efforts to hold national elections in Libya.

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Azerbaijan, the host of 2024’s global climate talks, suggested that continued fossil fuel extraction aligns with the goals of the Paris Agreement. New climate initiativesThe initiatives, which countries are encouraged to sign at the summit, include a range of climate action schemes. Voluntary contributions from fossil fuel-producing countries and companies, with Azerbaijan as a founding contributor will finance the fund. “To be 1.5 degrees Celsius-aligned is the goal,” Soltanov stated, emphasizing the need to differentiate between 1.5C alignment and hydrocarbon views. There is much to do.”COP29 in Baku is set to be a critical event as the world grapples with the balance between fossil fuel use and achieving climate goals.

Turkish forces have neutralized 15 PKK terrorists in northern Iraq’s Hakurk and Asos regions, and four PKK/YPG terrorists in Syria’s Euphrates Shield and Peace Spring regions, said the Ministry of National Defense on Saturday. “In honor of those fallen, our nation and our homeland, we continue our relentless fight against terrorism. Our brave Turkish Armed Forces have eliminated 15 PKK terrorists in Hakurk and Asos and four PKK/YPG terrorists in the Euphrates Shield and Peace Spring regions,” the ministry affirmed its ongoing commitment to combating terrorism. “We remain dedicated to proactive and uninterrupted operations to eradicate terrorism at its source,” the statement added. The YPG is considered an extension of the PKK in Syria.

Türkiye’s Tosyali International Company and Libya’s United Libya Steel Company (SULB) signed a joint agreement in Istanbul to invest in an iron and steel factory in Benghazi. This deal, between Türkiye’s Tosyali International Company and Libya’s United Libya Steel Company (SULB), includes direct reduced iron (DRI) and hot cast iron (HBI) plants. The agreement, structured under the Libyan Investment Law, establishes a joint venture dedicated to the iron and steel industry. Largest iron, steel production plant globallyThis strategic partnership is set to become one of Libya’s largest industrial projects. With a production capacity of 8.1 million tons per year, it will be the world’s largest iron and steel production plant.

Saipem Wins Contract to Manage the Libya-Italy Undersea Gas PipelineSaipem has been awarded a contract to ensure the supervision and the subsea intervention services of the GreenStream pipeline throughout the offshore and onshore sections at the Mellitah (Libya) and Gela (Sicily, Italy) terminals. The new contract, awarded by GreenStream BV, one of the leading midstream players in the Mediterranean Sea, merges the activities that Saipem has been undertaking for GreenStream since 2008 as to asset integrity, inspection, maintenance and emergency pipeline services, and expands them to cover a wider range of scenarios and customer’s needs. The activities will be managed by Sonsub, Saipem’s center of excellence for robotics, underwater technologies and services, and executed in coordination with the Saipem Engineering Hub located in Fano, Italy. Specifically, repair interventions in case of damage will be performed via the SiRCoS technology, a remotely operated repair system industrialized by Sonsub and qualified to operate in water depths of up to 2,200 meters. It also consolidates the long-term cooperation between Saipem and GreenStream BV, which in 2002 awarded the company a contract for the pipelaying of said pipeline, a project thanks to which Saipem achieved the record for the deepest pipelaying with anchors.

Oscar-winning actress Cate Blanchett will be her first guest on the show, which will celebrate nature and the power of the natural world. Kearney said: “After more than four decades in the news jungle, I’m escaping to the wild world of nature programmes. She will also begin presenting episodes of BBC Radio 4’s Open Country this spring. She has also won multiple awards including the The Television and Radio Industries Club (Tric) awards radio presenter of the year. This Natural Life is a BBC Audio Bristol production for BBC Radio 4 and BBC Sounds.

The weather bulletin about expected weather conditions in Libya, for Friday, 19 July 2024 as follows:1. - Wind: Moderate to active northwesterly speed. Al-Jufra - Sabha - Ghat - Ghadames – Hamada (South West of Libya):- Sky condition: Clear. - Wind: Moderate northeasterly to easterly speed. The Oases - Sarir - Tazirbo – Kufra (South East of Libya):- Sky condition: Clear.

The Prime Minister of Malta Robert Abela, and his accompanying delegation, conducted a two-day visit to Libya last Tuesday (16 July) to hold bilateral meetings and participate in the Trans Mediterranean Migration Forum. Abela held meetings with his Libyan counterpart Abd Alhamid Aldabaiba as well as the Presidency Council head Mohamed al Menfi, which, the Maltese embassy in Tripoli reported, included discussions on bilateral cooperation in the fields of combating illegal migration, tackling organized crime, renewable energy and trade. Trans Mediterranean Migration ForumAt the Trans Mediterranean Migration Forum held Wednesday (17 July), which included participation from Libya’s neighbouring countries and from the EU, Malta’s Prime Minister remarked during a panel discussion that immigration needs to be part of a very important discussion on the strategic relations between Europe and countries in North Africa, such as Libya. Holistic approachHe insisted on the importance of having a holistic approach and an effective strategy that involves countries of origin and transit. While border management is an immediate priority to prevent human smuggling, long-term goals are also required to address the motives behind people’s attempt to take perilous journeys, he added.

The turnover ceremony for the command of EuNavFor Med – Irini, the European Union air-naval mission responsible for implementing the UN arms embargo in Libya, was held today in Rome. He was also tactical commander of the Irini operation from 30 April to 2023 September XNUMX. Most of these related to violations or possible violations of the arms embargo and oil smuggling activities in the western and eastern parts of the country. Now, all member states are authorized to seize and dispose of prohibited items, such as weapons, in international waters off Libya. Member states may temporarily store confiscated items in a secure area before final disposal.

Chadian President Mahamat Idriss Deby Itno urged the development of solutions to irregular migration and the identification of its root causes, emphasizing the importance of addressing this issue while upholding human rights. On Wednesday, European and African leaders gathered in Libya attended the Trans-Mediterranean Migration Forum in an effort to collaborate on finding solutions to the migration issue. The United Nations Support Mission in Libya welcomed the convening of the Mediterranean Migration Forum held on Wednesday. Italian Prime Minister Giorgia Meloni said that her country considers resolving migration issue a priority, noting that large numbers of irregular migrants require intensifying efforts with the countries in the region. Maltese Prime Minister Robert Abela highlighted the efforts made by the Libyan government to rescue migrants and cooperate on the issue of irregular migration, calling for collective action to reduce migration and organized criminal networks.

Ghana's Jonathan Sowah wins Libya Premier League with Al Nasr BenghaziBlack Stars striker, Jonathan Sowah is a Libya Premier League winner with Al Nasr Benghazi who have now won their third championship in history. He netted five goals in the regular season to help Al Nasr finish on top of Group 1 to shoot themselves in the Championship playoffs. In the playoffs which was held in Italy, the Alfahamas have been unmatched so far having beaten Al Madina by 2-1 earlier today to record their consecutive win to officially emerge Libya Premier League champions with a game to spare. Sowah, netted two goals in the playoffs to extend his goal tally to seven in nine matches and was really sensational throughout the league triumph. Al Nasr Benghazi will represent Libya in the 2024/25 CAF Champions League season.