AGP Executive Report
Last update: 8 hours agoBread & FX Pressure: Libya’s Competition and Anti-Monopoly Council head Salama Al-Ghuwail says the bread crisis is tied to dinar depreciation, flour costs, diesel shortages, power outages, and higher bakery operating expenses—warning price hikes could spread into wider inflation. Power & Security Fallout: Protests in western Libya erupted over blackouts, fuel shortages, polluted water, medicine gaps, and cash stress, with outages linked to insecurity and attacks on power facilities. Oil Sector Under Strain: Industry coverage says Libya’s oil output push faces recurring drone and protest disruptions at storage, fuel depots, and gas infrastructure, even as NOC seeks major upstream investment. Cement Crackdown: Reports conflict on the closure of Ahlia Cement plants in Zliten and Khoms—either anti-corruption action over cement reservation practices or an armed move to seize orders and resell at inflated prices. Foreign Education Rules: Tripoli issued Resolution 498/2026 regulating foreign educational institutions, including accreditation, Islamic and national values compliance, and facility safety standards. Trade Policy for FX: The Ministry of Economy introduced a formula linking foreign transaction ceilings to tax payments, payroll, and actual economic activity to curb shell-company FX access. Construction & Logistics Links: Benghazi Chamber joined a contract for the Julyana Tourist Area, while Cyprus and Libya discussed cooperation in construction, ports, airports, and renewables. Regional Trade Push: Türkiye’s exports to Africa hit $13.3bn in seven months, with Libya among key destinations, supported by logistics and infrastructure projects.
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