HSC’s proposals to reform Libya’s economy include abolishing proposed taxes, suspending development spending, prioritising imports, monitoring LCs
In a session held yesterday, the High State Council (HSC) proposed the following measures to address Libya’s economic crisis: -...
Brega starts second phase of cooking gas cylinder distribution with two million cylinders ordered – recent fuel shortage due to bad weather
The Chairman of Brega Oil Marketing Company, Fouad Balrahim, announced the resumption of registration for the second phase of the...
As the dollar breaks the LD 10.50 mark, Aldabaiba attempts to deflect blame squarely onto Hafter for Libya’s runaway economic crisis
With the black-market foreign exchange rate plunging the Libyan dinar to over the LD 10.50 to the US dollar yesterday,...
Tripoli Libyan government rejects new import taxes, blames dinar collapse on Hafter’s parallel spending outside approved budget
As the black-market exchange rate of the Libyan dinar plunged to unprecedented rates over the LD 10.50 to the dollar...
107 HoR members state that they have not issued the decision to impose new import taxes
In a statement released yesterday, 107 members of the House of Representatives (HoR) affirmed that the House (in its entirety),...
Surman Chamber of Commerce receives decision from General Union to commence its activities
SZ-23/02/26 The General Union of Libyan Chambers of Commerce reported yesterday that it received the president and members of the...
HoR report on fuel shortages concludes that fuel shortages are due to reduction in the number of fuel shipments and not a fabricated crisis
The House of Representatives' (HoR) Fuel and Petroleum Crisis Committee issued a report yesterday on the recent fuel shortage. In...
Misrata Chamber of Commerce workshop held on ‘‘Implementation of the Unified Digital System and the Sub-Components of the PTS System for Trade’’
Misrata Chamber of Commerce, in partnership with the Libya Trade Network, organized, last Saturday (21 February) at its Misrata headquarters,...
After a hiatus of more than three years, production resumes at AGOCO’s Sinawen oil field
Libya’s state National Oil Corporation's (NOC) reported yesterday that as part of its ongoing efforts to increase production rates and...
CBL statistics reveal unprecedented growth in e-payment indicators from 2025 to 15 February 2026
Central Bank of Libya (CBL) statistics published by the Tripoli based Libyan government yesterday show unprecedented growth in electronic payment...
Top Stories
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Aldabaiba continues to appoint new ministers despite political opposition to the legality of the process
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Libya needs unified institutions to restore economic vitality through UNSMIL’s efforts: Trumps Advisor Boulos
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Gunfire at Tripoli demonstrations calling for downfall of all corrupt domestic political entities and the UN – calling for lower prices, a cheaper dollar and better standard of living
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Libya supplied nearly a quarter of Italy’s total crude oil imports in 2025
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Security Council affirms role of UN in Libya and Tetteh’s road map – calls for Libyans to demonstrate political will, refrain from unilateral action, and unification of institutions and budget
The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.