AGP Executive Report
Last update: 7 hours agoIndustrial Investment: A Turkish-Libyan partnership plans to invest about $2.5 billion in an iron plant near Benghazi, targeting commercial production in early 2028 and annual output above 8 million tonnes. Banking: The Central Bank governor met with the Bank for International Settlements to discuss technical support for regulation, supervision and risk management. Trade: Libyan and Indonesian business groups signed a cooperation agreement and held meetings on partnerships with Indonesian manufacturers and suppliers. Oil and Gas: The National Oil Corporation says withheld budgets are hampering maintenance, production stability and development projects, amid a dispute with the Central Bank over oil revenue transfers. Infrastructure: Libya’s Reconstruction Fund discussed airport upgrades in four cities and water and sewage works in Benghazi with Turkish companies. Exports: Libyan exporters urged the government to reconsider its blanket export ban, warning of harm to productive sectors and overseas contracts. Construction: After severe Tripoli flooding, the housing minister promised an investigation into roads that failed to meet standards and a public report identifying responsible contractors.
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