Delegation visits the country to expand purchases of beef and chicken and present opportunities for Brazilian importers.
Browsing: Libya
Monetary authority injected nearly USD 370 million to ensure liquidity and cash availability in ATMs and bank branches.
Egypt, Saudi Arabia, Algeria, the United Arab Emirates, Lebanon, and Libya are among the 20 leading destinations of the product, which reached a record export volume in September.
The European Union delegation announced the launch of an initiative that will strengthen the protection of Libya’s historical sites, while promoting cultural tourism in the country.
The three teams, along with Brazil, have already secured their spots in next year’s FIFA football championship. Other Arab national teams may confirm their qualification in October.
Between January and July, USD 421.9 million worth of products were shipped to the North African country, with iron ore leading exports.
From January to July 20, the North African country saw a 19.8% increase in visitors from a year ago.
State-owned National Oil Corporation approved 29 companies as operators and eight as investors for bidding processes in the country’s oil sector.
The GDP of the Arab country grew less in 2024 but is expected to advance this year based on the performance of the oil sector. Public spending also supports part of Libya’s economy.
The 2nd Brazil-Africa Dialogue on Food Security, Fight Against Hunger, and Rural Development resumes after 15 years, gathering representatives from African countries in Brasília.
According to the Libyan ambassador in Brasília, Osama Ibrahim Ayad Sawan, cooperation, the strength of the trade balance, and food security were the reasons for his country to exempt Brazil from a new import tax announced.
The Libyan Government of National Unity announced selective implementation of a tax on consumption to be levied on imports of items alternatives to which are locally made or whose imports exceed domestic demand. Goods from Brazil will be exempt.
A disruption in oil exports impacted the Arab country’s growth last year, but GDP is expected to benefit from the sector’s expansion in 2025, according to the IMF. Libyans are currently producing nearly 1.4 million barrels per day.
Growth was recorded in the first two months of the year compared to the same period in 2024.
