🇱🇾LibyaNorth Africa
Libyan Prime Minister Aldabaiba meets Omani delegation, LIA signs MoU with OQ Group
via Libya Herald1 min read
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.
Free daily or weekly digest of the most important stories from across 18 African countries. No spam, unsubscribe any time.
This summary was AI-generated from a story originally published by Libya Herald.
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.
Must ReadArmed clashes and exchanges of fire in the city of Zawia intensified, affecting areas near the Zawia Oil Refinery complex. The refinery reported that heavy caliber shells fell within its compound, reaching operating areas. This necessitated an emergency shutdown of the refinery and the evacuation of tankers from the port to ensure safety. The Libyan Red Crescent branch in Zawiya received distress calls from citizens, noting widespread anxiety and panic due to the clashes. The Zawia Security Directorate, representing the Tripoli-based Libyan government, launched a security operation against outlaw hideouts, urging citizen cooperation and warning wanted individuals against resistance. Zawia is described as a politically polarized city, with this polarization contributing to a security vacuum exploited by various groups involved in illicit trade.
Must ReadThe African Development Bank AfDB has expressed a strong desire to support the Libya Africa Investment Portfolio LAIP's Two Transit Corridors Project. The AfDB's offer includes mobilizing international funding from donors to secure partial or full financing for the project's technical and economic studies and subsequent phases. This offer followed a meeting on May 6 between LAIP's High Committee for the project and an AfDB delegation led by Malin Blomberg, the Bank’s Deputy Director, at the Land Transport Authority of the Tripoli-based Libyan Ministry of Transport. The meeting highlighted the project's strategic importance and its potential to enhance transportation, logistics, and connectivity among African nations. Both parties agreed to continue coordination, cooperation, and the exchange of technical data to advance the project.
The Attorney General’s Office in Libya has launched an investigation into alleged illicit financial benefits from banking operations at Al-Wahda Bank’s Souq Al-Thulatha branch. The Anti-Corruption Prosecution, under the Tripoli Court of Appeal, is examining information related to the collection of US$2.8 million in documentary credits without the corresponding deposit of Libyan dinars. Authorities have ordered the detention of the official responsible for managing documentary credit affairs at the time of the transaction and a representative of the company that benefited from the alleged fraud. Other participants in the incident are also being sought for questioning. Separately, Libya's Administrative Control Authority ACA continues to receive complaints and reports from citizens and residents through its Raqeeb whistleblowing website, aiming to enhance transparency and legal accountability while protecting whistleblowers.