
The first 'Mini Meeting' to discuss the initial two steps of the UN Roadmap for Libya was held in Rome, hosted by Italy and under the auspices of the United Nations Support Mission in Libya UNSMIL. Discussions were described as constructive, with participants emphasizing the need to respect the will of 2.8 million registered Libyan voters to elect their representatives. A key outcome was an agreement on restructuring the Council of the High National Elections Commission HNEC. To resolve the dispute over the HNEC Chairman, the meeting recommended the Attorney General nominate a judicial figure known for competence, integrity, and impartiality, to be appointed according to existing rules. This takes into account procedures from the House of Representatives and the High Council of State from December 29, 2025, and January 12, 2026, respectively, which named new HNEC members. The meeting also began discussing the electoral framework and agreed to continue consultations, facilitated by UNSMIL, to develop consensual and enforceable electoral laws. This 'Mini Meeting' is the first step in a two-step approach announced by the Special Representative of the Secretary-General of the United Nations, Hannah Tette, in February, aimed at overcoming legislative impasses on HNEC completion and electoral law amendments. Walid Lafi, Minister of State for Communication and Political Affairs, stated that the meeting represented significant progress towards overcoming obstacles to elections.
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This summary was AI-generated from a story originally published by Libya Herald.
Must ReadLibya's National Oil Corporation NOC announced that total daily production has reached 1,487,723 barrels, with crude oil production at 1,438,560 barrels and condensate production at 49,163 barrels per day. This marks the highest production rate recorded since 2013, moving the NOC closer to its goal of producing 1.5 million barrels of crude oil per day. NOC Chairman Masoud Suleiman commended the efforts of local companies and their employees during a meeting at the NOC's Tripoli headquarters. He acknowledged their dedication despite challenges and emphasized the need to maintain this momentum to reach the target rate by the end of 2026, aiming to support the Libyan economy and national development.

Abdel Nasser Najm, Chairman of the Benghazi branch of Libya’s Privatization and Investment Board PIB, met with a delegation from China's KEDA Industrial Group. The meeting aimed to attract and localize foreign investment within projects operating under the Libyan Investment Law. Ahmed Al-Oraibi, Director of the PIB’s Investment Department, provided details on the Investment Law and investor services. The PIB highlighted that the visit from KEDA, a large Chinese industrial group, comes amidst reconstruction efforts in Libyan cities, creating investment opportunities in engineering consulting, construction, and technology transfer. The PIB seeks to support the national economy and position Libya as an appealing investment destination for major foreign companies, aiming to create jobs and enhance skills for Libyan nationals. KEDA Industrial Group operates in over twenty countries, with an annual revenue exceeding two billion dollars and employing twenty thousand people globally.

Libyan Minister of Economy and Trade, Suhail Abu Shiha, stated that the Ministry's primary focus is on citizens, aiming to alleviate living burdens and improve living standards. Speaking at the Tripoli Government Communication Conference, Abu Shiha explained how fiscal and monetary policies, and their distortions, impact daily life, prices, competition, and goods availability. He clarified that the Ministry seeks to enable the market to function properly, benefiting citizens, the state, and merchants through fair competition. Abu Shiha noted that while 2021 and 2022 saw stable financial conditions, late 2024 and early 2025 experienced declining competition, rising prices, and reduced goods quality due to economic imbalances. He attributed these issues to "money creation" or injecting liquidity outside traditional frameworks, which increased the money supply without corresponding production. This uncoordinated money creation directly impacts purchasing power, leading to higher prices and a decline in the real value of money and savings. The Minister concluded by stating that the Ministry is developing a plan to regulate the market, reduce distortions, enhance competition, ensure goods availability, and improve citizens' living standards.