
The Ministry of Economy and Trade announced new measures, effective yesterday, to regulate the import of grains and raw materials. These regulations, outlined in Measure No. 289/2026, aim to restrict imports to actual production units, preventing their resale. The measures specifically target wheat, corn, barley, and soybeans, focusing on combating brokerage and speculation, and linking imported quantities to real production capacities. A control and tracking system will also be activated. The ministry stated that these steps are intended to stabilize prices for feed, meat, poultry, and eggs, ensuring raw materials reach producers to support food security and improve citizens' living standards. The ministry noted a gradual decline in meat prices and improved supply levels in markets following the control of the feed market and regulated import operations.
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This summary was AI-generated from a story originally published by Libya Herald.
The Central Bank of Libya CBL has initiated a $3.5 billion program to sell foreign currency to commercial banks, aiming to satisfy market demand. The program allocates $1.5 billion for Letters of Credit, $1 billion for various transfers, and $1 billion for personal use. Implementation has commenced, with all commercial banks receiving their cash dollar allocations. The CBL's Letters of Credit Department is reviewing applications to expedite financing and meet customer needs. This initiative is part of the CBL's efforts to boost foreign currency flow into the banking sector, enhance services for individuals and companies, and support Libya's economic stability. The CBL is also working to strengthen the Libyan dinar against major hard currencies on the black market.

The Chairman of the National Oil Corporation NOC, Masoud Suleiman, confirmed the full availability of fuel supplies despite queues at petrol stations during the Eid al-Adha holiday. He noted that distribution operations face logistical obstacles due to the lengthy supply chain. Tripoli recorded unprecedented distribution rates during Eid al-Adha, with approximately 11 million litres of gasoline pumped the day before Eid, compared to about 5 million litres in previous years. Distribution rates continued at 9 million to 9.5 million litres daily after Eid, significantly higher than the usual consumption rate of 6.5 million litres. Suleiman highlighted a dramatic surge in fuel demand, with May 2026 supplies exceeding May 2025 by a full tanker. While NOC's subsidiary, Brega Marketing, handles fuel import and distribution, some delivery trucks divert loads to illegal depots for smuggling to neighboring states, exploiting price differences. Other stations retail only a small amount, selling the rest to smugglers at inflated prices. Suleiman's remarks followed a meeting hosted by Minister of Interior Emad Trabelsi, also attended by Minister of State for Cabinet Affairs Mohamed Ben Ghalbun, to discuss the recent fuel crisis.

The General Directorate of Environmental Sanitation Affairs at the Ministry of Local Government released its 2026 annual water quality assessment for summer beaches. The Director General announced the findings at a press conference in Tripoli, stating that monitoring teams conducted extensive laboratory analyses of seawater samples from various coastal sites. The results indicated that 83% of beaches are suitable for swimming, while 17% are not. Beaches identified as unsuitable are located in Tajoura, Souq Al-Jumaa, Tripoli Central, Al-Andalus District, Zliten, Sabratha, Tobruk, Al-Khums, Sousse, and Al-Zawiya Central. The General Administration will coordinate with municipal environmental sanitation departments to enforce swimming prohibitions and install warning signs, with the Municipal Guard taking legal action against violators. This initiative aims to ensure public safety and protect the marine environment.

Libyan Prime Minister Abdel Hamid Aldabaiba hosted an Omani delegation in Tripoli to discuss strategic investment partnership opportunities and cooperation in the energy sector. The meeting resulted in the signing of a memorandum of understanding between the Libyan Investment Authority LIA and Oman's OQ Group. This MoU aims to explore investment and cooperation opportunities in the Libyan market, focusing on diversifying the national economy and attracting quality investments, particularly in clean energy and strategic value-added projects. OQ, an energy investment company headquartered in Muscat, is a wholly owned subsidiary of the Government of Oman. Discussions also covered cooperation in oil, gas, and renewable energy sectors, and the development of joint projects to transfer expertise and expand economic partnerships. The meeting aligns with the Libyan government's goal of promoting sustainable development and increasing the investment sector's contribution to the national economy. Attendees included Libyan Oil and Gas Minister Khalifa Abdel Sadig, Minister of State for Prime Minister and Cabinet Affairs Mohammed bin Ghalbon, Head of the Executive Team for PM’s Initiatives and Strategic Projects Mustafa Al-Mana, Chairman of the Libyan Investment Authority Ali Mahmoud, along with OQ Group CEO Ashraf bin Hamad Al-Maamari, CEO of Abraaj Energy Services Saif bin Saeed Al-Hamhami, and other senior executives.