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Libyan Health Minister Al-Ghouj discusses medical cooperation with Egyptian Authority
via Libya Herald1 min read
Libyan Health Minister Mohamed Al-Ghouj visited the Egyptian Authority for Unified Procurement, Medical Supply, and Logistics during the Africa Health ExCon 2026 in Cairo. The discussion focused on enhancing cooperation in medical supplies, unified procurement of medicines and equipment, and exchanging expertise in healthcare system management. Minister Al-Ghouj was briefed on Egypt's experience in localizing pharmaceutical industries and establishing strategic medical supply warehouses. He expressed Libya's interest in leveraging this experience to develop health services and improve pharmaceutical supply efficiency. Both parties agreed to continue coordination to strengthen health sector cooperation.
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This summary was AI-generated from a story originally published by Libya Herald.
A Central Bank of Libya CBL source informed Libya Herald that all personal loan systems, including branch selection, are back in operation. Commercial bank branches are now accepting individual reservations and selling US dollars in cash. The documentary credit system is also operational, with commercial banks receiving and approving requests for coverage related to letters of credit and remittances, and selling foreign currency for approved transactions. The CBL confirmed that SWIFT, instant settlement, and accounting systems are functioning normally, and connections with exchange companies remain uninterrupted for foreign currency sales. Commercial banks will extend service hours to meet demand. The CBL plans to issue a directive to raise the personal allowance ceiling to US$4,000 and allow cash dollar sales for medical treatment and education, with regulations to follow. The CBL stated that foreign currency reserves are fully available and can supply up to US$2 billion in cash weekly. Despite these efforts, the US dollar has not fallen below the LD 7 mark on the black market, currently trading at LD 8.42 per dollar, compared to the official CBL rate of LD 6.6 per dollar.
KS Autotrading, a Korean company specializing in vehicle trade and outfitting, has signed an investment agreement to open a branch in Libya's Misrata Free Zone MFZ. The signing ceremony was attended by MFZ Chairman Mohsen Al-Sagoutri and the Ambassador of Korea to Libya, Jang Ji-hak. This move is seen by MFZ as a reflection of increasing international confidence in its investment environment and a boost to foreign investment in the Libyan market. KS Autotrading offers a range of vehicles, including ambulances, passenger vehicles, and special-purpose vehicles, designed to meet the needs of both Libyan and African markets. The company's establishment in the MFZ is expected to enhance specialized services in the automotive and transportation sector, diversify investment activities within the zone, strengthen Libyan-Korean economic cooperation, and reinforce MFZ's role as a strategic gateway for foreign investment and a logistics hub for trade and re-export to African markets.
Mabruk Oil Operations Company has announced the successful restart of the Mabruk oilfield, concluding its trial period. The field, a joint venture between Libya鈥檚 National Oil Operations NOC 50%, TotalEnergies 37.5%, and Equinor 12.5%, had been out of commission since 2015 due to damage from military extremists. During the pilot phase, the field produced approximately 2.5 million barrels, averaging 30,000 barrels per day. The company aims to increase actual production capacity to 40,000 barrels per day. This restart follows extensive maintenance and development work, utilizing national personnel and modern equipment. The NOC views this as a significant step in rehabilitating damaged oil assets and supporting the national economy, highlighting its success in restoring operational capacity and contributing to the oil sector's stability and sustainability.