
Libya and Algeria have signed an air transport agreement and a memorandum of understanding to resume direct flights between the two countries. The agreement, signed at the Algerian National Civil Aviation Agency headquarters, allows designated airlines from each country to operate 14 passenger flights per week, in addition to cargo flights. The memorandum will take effect immediately upon signing by the civil aviation authorities of both nations. Libya's Ministry of Transport highlighted the importance of this resumption for the Libyan air transport market, noting the connection to Houari Boumediene International Airport and the role of air transport in boosting economic activities between Libya and Algeria.
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This summary was AI-generated from a story originally published by Libya Herald.
The Ministry of Economy and Trade announced the registration of 106 decisions for branches of foreign companies, joint ventures, and representative offices from January to June 2026. This reflects growing investor confidence and an improved business environment in Libya. The decisions include 79 foreign company branches, 19 joint ventures, and 4 representative offices. The contracting sector led with 43 decisions, followed by oil and energy with 34. Turkey ranked first in terms of nationality with 17 decisions, followed by Tunisia with 13, and the United Arab Emirates and China with 7 each. The Ministry attributes these indicators to government efforts to develop the investment climate, simplify procedures, and strengthen international economic partnerships. Additionally, an e-website for foreign company registration will launch in August 2026 to streamline procedures and enhance transparency.

The Committee for the Reconstruction of Benghazi Centre and al-Sabri RBCS, part of the Libya Development and Reconstruction Fund, held multiple meetings in July with international companies regarding the Benghazi redevelopment project. The RBCS met with Turkish company NKY to discuss progress and technical proposals for the Benghazi Waterfront Development Project, focusing on design updates and architectural solutions. Another Turkish company, IRIS, visited project sites to understand the area's character and assess existing buildings for restoration, including historic structures. RBCS Chairman Mohamed Al-Hassadi met with Filippo Colombo, Consul General of Italy in Benghazi, and representatives of Italian company FIMA to discuss the restoration of historic buildings with Italian architectural character, aiming to preserve their identity and rehabilitate them to international standards. The committee also met with British company P+P to discuss the area's master plan, investment opportunities, and potential development sites, focusing on creating an attractive investment environment. Additionally, the RBCS held meetings with Polish company APA and Turkish company On Tasarim to review progress, discuss design updates, and technical modifications for the Benghazi Waterfront Corniche Project, ensuring integrated design solutions and adherence to high technical standards.

The Libyan Business Council LBC will host a presentation on the Pure Core project, which aims to produce activated carbon locally from agricultural resources and waste. The LBC states this initiative aligns with its commitment to sustainable projects that offer positive environmental impact, economic diversification, and local resource utilization. The presentation, scheduled for Thursday, July 16, at the LBC's Tripoli headquarters, is open to members including business owners and companies in the date and palm sectors, various industries, health, water treatment, solar energy, and oil and gas. It will cover the project's concept, technologies, and investment opportunities. The Pure Core project was selected by the Hult Prize platform as one of 80 projects from approximately 18,000 global entrepreneurial submissions. Activated carbon has diverse industrial applications, including water treatment, juice production, and the manufacturing of filters and disinfection products, alongside other industrial, health, and environmental uses.