AGP Executive Report
Last update: 2 hours agoIndustrial Investment: A Turkish-Libyan venture plans to invest $2.5 billion in an iron plant near Benghazi, targeting annual output above 8 million tonnes and commercial operations from 2028. Most production is intended for export. Banking Reform: Central Bank Governor Naji Issa discussed regulatory standards and training with the Bank for International Settlements, while separate talks with Numisma Bank focused on continuing cash-dollar shipments to Libya. Oil Revenue: The Audit Bureau reported $1.45 billion collected in National Oil Corporation accounts in the first half of October, including $577 million transferred to the Central Bank, and called for accurate, consistent reporting amid a dispute over oil figures. Trade Links: Libyan and Indonesian business groups signed a cooperation agreement at Trade Expo Indonesia and held meetings to develop commercial partnerships. Misrata’s Chamber of Commerce also explored investment ties with Japan. Export Policy: Libyan exporters urged the government to reconsider its blanket export ban, warning it threatens productive sectors and companies’ overseas contracts.
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