Economy and Investment - Page 3
95 articles
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 and Spain Prepare for Libyan-European Energy Forum in Madrid
Libya's General Union of Chambers of Commerce and the Spanish Ambassador have agreed to deepen economic ties and coordinate for the third Libyan-European Oil, Gas, and Energy Forum in Madrid, aiming to boost Spanish participation and bilateral cooperation.
Libyan Experts Forum Sets Out National Development Priorities
The first Libyan Experts Forum in Tripoli concluded with recommendations to accelerate digital transformation, health sector reform, and infrastructure upgrades, aiming to strengthen state capacity and support Libya's economic diversification.
Libya's Foreign Currency Usage Rises 4.2% to Nearly $16 Billion by July
The Central Bank of Libya reports that banks used US$ 15.987 billion in foreign currency from January to July 2026, a 4.2% increase over the previous year, raising concerns about reserve depletion and the political sensitivity of currency allocation.
Egypt Plans 'Qeema' Certificate to Tie Industrial Incentives to Performance
Egypt's Ministry of Industry is considering a new 'Qeema' Certificate system that would link government incentives for industrial firms to their performance, aiming to deepen local manufacturing and improve the effectiveness of Egypt's product preference policy.
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.
Algeria Slashes Banana Prices as Government Tightens Import Controls
Banana prices in Algeria have dropped from 850 to around 420 dinars per kilogram after the government imposed strict import regulations and expanded the pool of licensed importers, aiming to curb speculation and restore market stability.
Germany Commits €35 Million to Mauritania for Skills and Coastal Protection
Mauritania and Germany have signed a €35 million financial cooperation agreement to support technical and vocational training, protect coastal biodiversity, and strengthen the blue economy, reflecting deepening bilateral ties and regional development priorities.
Egypt, China advance pesticide production localisation and technology transfer
Egypt's Ministry of Agriculture and China's ICAMA are deepening cooperation to localise pesticide manufacturing, transfer technology, and build regulatory capacity, aiming to boost Egypt's self-sufficiency and support sustainable agricultural development.
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 Central Bank and Government Reaffirm Unified Spending Commitment
Libya's Central Bank Governor Naji Issa and Prime Minister Abdel Hamid Aldabaiba have reiterated their commitment to the US-brokered Unified Spending Agreement, aiming to strengthen fiscal and monetary coordination and ensure compliance with agreed financial measures.
Zliten Launches EU-Backed Fish Market and Laboratory to Boost Fisheries
Zliten has inaugurated a new fish market and experimental laboratory, part of the EU's REBUILD programme, aiming to modernise Libya's fisheries sector, strengthen supply chains, and support economic diversification beyond hydrocarbons.
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.
Egypt's Investment Risk Rating Hits Lowest Level Since 2014
Egypt's investment risk rating has dropped to its lowest point in a decade, according to Finance Minister Ahmed Kouchouk, as international investors respond positively to recent economic reforms and renewed private sector growth.
Algeria Hits Three-Year High in Natural Gas Production for 2026
Algeria has raised its natural gas output by 4.2% in the first half of 2026, reaching 54.01 billion m³-the highest level in three years-strengthening its role as a key supplier to Europe amid ongoing energy market pressures.
Libya's National Development Agency Seeks Renewable Energy Investment in Cyprus
Libya's National Development Agency has held talks in Cyprus to explore investment in solar and energy storage projects, aiming to address severe power shortages in eastern Libya and diversify the country's electricity sources.
Gold Prices in Egypt Surge 5.8% Amid Currency Pressure
Egyptian gold prices climbed 5.8% last week, reaching an 11-week high as global gold rallied and the Egyptian pound weakened against the US dollar. The move reflects both international market dynamics and shifting local demand.
Egypt Targets Two-Day Customs Clearance to Boost Trade Efficiency
Egypt's Ministry of Investment and Foreign Trade is working to cut average customs clearance times from 16 days to just two, aiming to strengthen the competitiveness of Egyptian exports and improve supply chain efficiency through digitalisation and regulatory reforms.
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.
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.
CPA Launches New Financing Scheme for Algeria's Ageing Bus Fleet
The Crédit populaire d'Algérie (CPA) has introduced a new financing offer for collective transport operators, aiming to accelerate the replacement of buses over 25 years old and support the modernisation of Algeria's public transport sector.
Benghazi Chamber of Commerce Backs Julyana Tourist Area Project
The Benghazi Chamber of Commerce has joined the contract signing for the Julyana Tourist Area, a major development aiming to attract investment, boost tourism, and support urban regeneration in Benghazi.
Egypt Highlights 10 New Industrial Complexes to Attract Investment
Egypt's government is promoting ten ready-to-operate industrial complexes in Upper Egypt, offering tax incentives, improved logistics, and workforce development to attract both local and foreign investors and drive regional economic growth.
Egypt plans climate action for Qena and Kafr El-Sheikh to 2035
Egypt's Ministry of Local Development and Environment is preparing climate action plans for Qena and Kafr El-Sheikh governorates through 2035, aiming to integrate adaptation and emissions-reduction projects into local development and attract international climate finance.
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.
Egypt to Launch Major Upgrade of Agricultural Drainage Networks
Egypt is preparing a national programme to construct, rehabilitate and replace subsurface drainage networks across 1.4 million feddans, aiming to modernise water management and support agricultural productivity through digital systems.
Atef Abdel Latif: Cinema and Tourism as Egypt's Soft Power
Dr. Atef Abdel Latif, with over 40 years in tourism, media, and film, argues that integrating cinema and tourism can project Egypt's authentic image globally, drive economic growth, and position the country as a premier destination for both visitors and international productions.
Egypt's Central Bank Expected to Hold Rates as Inflation Rises
The Central Bank of Egypt is widely expected to keep its key interest rates unchanged for a fourth consecutive meeting, as policymakers weigh persistent inflationary pressures and a resilient external position amid regional uncertainties.
Egypt launches $658m phosphoric acid complex to boost mining exports
Egypt has begun construction of a $658m phosphoric acid complex in the New Valley Governorate, aiming to process local phosphate ore for export and generate foreign currency. The project marks a shift toward higher-value mineral processing.
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