Business and Companies - Page 2
55 articles
Libyan Express to Launch Direct Flights to Malta, Rome and Milan
Libyan Express will introduce direct flights from Libya to Malta, Rome and Milan from 6 September, expanding travel options for Libyan passengers through a new partnership with Aeroitalia and 4Airways. The move aims to strengthen regional connectivity and competition.
Air Canada Cancels Planned Montreal-Algiers Flights for Summer 2027
Air Canada has removed its planned direct Montreal-Algiers flights from its summer 2027 schedule, extending the suspension of this key transatlantic route and leaving Air Algérie as the sole operator of direct flights between Canada and Algeria.
Misrata Chamber of Commerce Engages Chinese Petroleum Delegation
The Misrata Chamber of Commerce hosted a delegation from the Chinese Chamber of Commerce for Petroleum Industries to discuss expanding economic and investment cooperation, with a focus on energy, industrial projects, and technology transfer in Libya.
Libya Explores KPMG Partnership to Advance Industry and Mining
Libya's Ministry of Industry and Minerals is seeking to leverage KPMG's international expertise to develop industrial and mining sectors, focusing on strategic planning, investment mapping, and institutional efficiency to boost competitiveness.
Libya's Ministry of Health advances PharmaGate for pharmaceutical regulation
Libya's Ministry of Health is expanding its PharmaGate digital platform to centralise the registration and oversight of pharmaceutical companies, aiming to improve transparency, efficiency, and data management in the sector.
NOC Commissions Advanced Oil Flow Measurement at Sidra Terminal
Libya's National Oil Corporation has launched a modern crude oil flow measurement system at the Sidra terminal, aiming to improve export accuracy and operational transparency in line with international standards.
Algerian Banks Cut Fees and Expand Online Use for €750 Travel Allowance
Algerian banks have reduced international card issuance fees and now allow the €750 annual travel allowance to be used for online payments abroad, aiming to modernise banking services and ease access for travellers.
Mitiga Airport Expands Aviation Fuel Storage by 500,000 Litres
Mitiga Airport in Tripoli is set to boost its JET A-1 aviation fuel storage by 500,000 litres, with four new tanks to improve refueling capacity and supply flexibility. The upgrade aims to strengthen operational reliability for air traffic at the airport.
Egypt's FRA suspends consumer finance firm after unauthorised school loans
Egypt's Financial Regulatory Authority has suspended a consumer finance company, revoked its CEO's licence, and initiated criminal proceedings after the firm exploited parents' data to issue unauthorised loans for school fees, raising regulatory and consumer protection concerns.
MSMEDA and Startup Egypt sign deal to boost startup support
Egypt's MSMEDA has signed a memorandum of understanding with Startup Egypt to expand technical and financial support for startups, aiming to strengthen the entrepreneurship ecosystem and improve access to resources for early-stage businesses.
Libya's NOC Signs Production-Sharing Deal with Chevron After 2025 Bidding
Libya's National Oil Corporation has signed a production-sharing agreement with Chevron, following the 2025 bidding round, aiming to boost oil and gas sector development, attract investment, and strengthen international partnerships.
Libya and ConocoPhillips Discuss Next-Phase Oil Investment in Stavanger
Libya's Minister of Oil and Gas Khalifa Abdel Sadig met with ConocoPhillips executives at the ONS 2026 Conference in Norway to advance investment plans, accelerate development of the Waha concessions, and support production growth in Libya's oil sector.
Mauritania Orders Digital Transport Operators to Comply Within 15 Days
Mauritania's road transport regulator has given companies operating via digital platforms 15 days to meet legal requirements or face suspension and legal action, signalling a tightening of oversight in the sector.
Egyptian Industry Minister Reviews Key Manufacturing Sites in Damietta
Egypt's Industry Minister Khaled Hashem and Damietta Governor Hossam El-Din Fawzi toured major factories in Damietta, highlighting government efforts to deepen local manufacturing, support exports, and strengthen Egypt's industrial base in furniture, fertilizers, and textiles.
Chinese Car Imports Intensify Price Competition in Algeria
Algeria's car market could see price drops of up to 100 million centimes on some models if Chinese vehicle prices and shipping costs continue to fall, but experts warn that actual outcomes depend on import flows and market realities.
Consumer Group Urges Naftal to Ease Emergency Tyre Access
Algerian consumer association " Himayatec " has called on Naftal to revise its tyre distribution system, arguing that the current online registration process is too rigid for motorists facing urgent roadside tyre failures.
Italian Agritech Delegation to Support Algeria's Farm Modernisation
Fifteen Italian agricultural technology firms will visit Algiers in September 2026, aiming to accelerate Algeria's push for food sovereignty by introducing advanced equipment, digital tools, and irrigation solutions to the country's farming sector.
Air Algérie Opens Bookings for Four New International Routes
Air Algérie has launched reservations for new routes from Algiers to Berlin, Conakry, Brazzaville, and Lagos/Abuja, expanding its international network and reinforcing Algiers as a regional hub between Europe and sub-Saharan Africa.
Vivo and STI Launch Smartphone Manufacturing Plant in Oran
A new smartphone factory has begun operations in Oran, Algeria, through a partnership between STI and Chinese brand Vivo. The facility aims to ramp up production from 2,000 to 6,000 units daily, with significant job creation expected.
Security Forces Shut Down Ahlia Cement Plants in Zliten and Khoms
Libyan security forces have closed the state-owned Ahlia Cement company's plants in Zliten and Khoms, amid conflicting reports of corruption and market manipulation, raising concerns over cement supply and governance in the sector.
Egypt's Top 10 Developers Reach EGP 670bn in H1 2026 Sales
Egypt's leading real estate developers posted EGP 670bn in combined sales for H1 2026, a 2.9% increase year-on-year, even as unit sales declined, highlighting the impact of rising property prices on the market.
Libya Suspends 27 Companies Over Foreign Trade Compliance Review
Libya's Ministry of Economy and Trade has halted the commercial activities of 27 companies as it investigates their adherence to foreign trade regulations on letters of credit, affecting over $146 million in import financing and signaling tighter oversight.
AGOCO and Baker Hughes Discuss Expanding Oilfield Technology Cooperation
Libya's Arabian Gulf Oil Company is exploring deeper collaboration with Baker Hughes to enhance oilfield services and deploy advanced digital technologies, aiming to strengthen operational capacity and technical standards in the Libyan energy sector.
Chinese Nantong Construction to Finance Industrial Projects in Libya
Chinese Nantong Construction Company has signaled readiness to finance multiple investment and industrial projects in Libya, following discussions with the Ministry of Housing and Reconstruction. The move could accelerate Libya's industrial recovery and deepen Sino-Libyan cooperation.
Sonatrach Subsidiary ADC Affirms Stability at Fouka 1 Desalination Plant
Algerian Desalination Company, a Sonatrach subsidiary, states that the Fouka 1 seawater desalination plant is operating at normal capacity, with only brief, scheduled production dips, ensuring continued water supply to central Algeria.
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