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Speaking at the French-Libyan Business Forum on Monday (20 June) at MEDEFs Paris headquarters, Mohamed Raied, head of the Libyan General Union of Chambers of Commerce, stressed that Libya is more willing to increase closer relations with France and Europe in a way that serves all sides.

Raied called for increased economic and commercial exchange and removing their obstacles, including the resumption of work at the consulate in Tripoli and the issuance of visas for Libyan citizens, as is the case with several other embassies of friendly countries in Tripoli. He also called for action to encourage French companies to return and work in Libya.

Raied gave a brief overview of the economic situation in Libya and the great opportunities available for cooperation with France in many fields, especially in view of Libyas capabilities and resources, and the development it needs in various fields.

Solar energyHe highlighted the possibility of cooperation to contribute to the production of solar energy and to address the problem of the high prices of many commodities in Libya that were affected by the economic crisis by opening supply lines from French companies producing commodities.

Digital economyRaied highlighted the digital economy and referred to Libyan participation in many international forums, pointing out the importance of intensifying cooperation in this field.

He emphasized that Libya is open to the French experience in the areas of transportation, infrastructure, education, industry and trade.

The Libyan participants at the event included a large number of members of the Libyan-French Chamber, the National Oil Corporation (NOC), a number of directors of oil companies, senior officials of the General Electricity Company of Libya (GECOL), the Telecom Holding Company, representatives of Libyan banks in Europe, several lawyers in France, several heads of companies and bodies with commercial and service activities in Libya, and several of business leaders.

On the French side, Philippe Gautier, Director General of MEDEF International and Jrme Barthe, President of the French-Libyan Chamber of Commerce, the Director of the Middle East and North Africa file at the French Treasury, and the participation of nearly sixty French business leaders active in several fields.

The event was organised by the French Employers Association (Mouvement des entreprises de France / Movement of the Enterprises of France MEDEF) and the French Libyan Chamber of Commerce.

It was co-chaired byPhilippe Gautier, Director General of MEDEF International and Jrme Barthe, President of the French-Libyan Chamber of Commerce.

MEDEF is the largest employer federation in France originally established under another name (CNPF) in 1946. It has more than 750,000 members, 90 percent of which are SMEs with fewer than 50 employees.

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Libya more willing to improve trade relations with France and Europe: Libyan General Union of Chambers - Libya Herald

Libya was ranked 14 on the Arab world and 151 globally on the Global Peace Index of 2022.

The Institute for Peace and Global Economy indicated that Libya had witnessed a remarkable improvement in the security level, while the volume of military spending amounted to 10.5% of the gross domestic product.

The institute said that Libya recorded the highest increase in stability in the region and the highest improvement in the world, as its score improved by 5.6% in the Global Peace Index for the year 2022, despite remaining one of the least peaceful countries in the world.

The institute added that Libya had witnessed a deterioration in only one indicator, which is the funding of UN peacekeeping operations, while it recorded the highest improvement in peace and security, violent demonstrations, refugees and internally displaced persons, as well as perceptions of criminality.

The institute said that Libya still faces many challenges to peace, yet the field of safety and security improved by 8.3%, driven by a decline in violence and indicators of refugees and internally displaced persons, at a time when the number of deaths of victims of violence decreased by 21%.

It also referred to the decrease in deaths due to the ceasefire agreement between the former Government of National Accord and the forces of Khalifa Haftar in October 2020, saying that even with this decrease in deaths, the indicator of the intensity of the internal conflict remains high.

Link:
Libya ranked 151 on Global Peace Index 2022 - The Libya Observer

1. Libya's Oil Output Almost Halts With New Wave of Shutdowns  Bloomberg
2. Libya Loses 1.1 Million Bpd As It Shuts Down Nearly All Its Oil Fields  OilPrice.com
3. Libya oil shutdown expands with threat to close new port | | AW  The Arab Weekly
4. Libya's oil production is down by about 1.1 million barrels a day, says minister  Libya Update
5. Libya's crude output level uncertain  Argus Media
6. View Full Coverage on Google News

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Libya's Oil Output Almost Halts With New Wave of Shutdowns - Bloomberg

The intense fighting involved two influential militias aligned to rival prime ministers vying for power.

Clashes between armed groups have erupted in Libyas capital, according to local media, as the country reels amid a violent power struggle.

Heavy exchanges of gunfire and explosions ricocheted across several districts of Tripoli on Friday night, while images broadcast by local press and circulated on social media showed civilians fleeing heavily trafficked areas.

Local media reported medical sources saying four civilians were wounded in the clashes.

The intense fighting involved two influential militias from western Libya, according to local media, which identified armed groups as the Nawasi Brigade a militia loyal to politician Fathi Bashagha and the Stability Support Force, which backs interim premier Abdul Hamid Dbeibah.

No motive for the fighting was immediately apparent, but it is the latest violence to rock the country as two rival prime ministers vie for power.

After a 2011 revolt toppled longtime dictator Muammar Gaddafi, political infighting to fill the power vacuum has plagued oil-rich Libya.

Last month, Bashagha attempted to seize power by force, sparking pre-dawn clashes between armed groups supporting him and those backing Dbeibah.

Dbeibah was appointed under a troubled United Nations-led peace process early last year to lead a transition to elections set for December 2021, but the vote was indefinitely postponed.

In February, parliament appointed Bashagha, a one-time interior minister, to take over, arguing that Dbeibahs mandate had ended.

But Dbeibah has insisted he will only relinquish power to an elected administration.

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Fighting between rival militias rocks Libyas capital Tripoli - Al Jazeera English

French energy giant TotalEnergies, in cooperation with the National Oil Corporations (NOC) Human Resources and Development Department, launched its first edition of TotalEnergies Summer University yesterday in Tripoli.

TotalEnergies said it is committed with the NOC to developing and empowering young people across Libya and playing a key role in their development. The training aims to contribute to the capacity-building efforts for young graduates looking to embark on their professional careers in the energy sector.

The Summer University aims to provide young graduates with practical, intensive courses on the energy sector including oil and gas, but also to embark in the energy transition with renewable energies.

It explained that courses are presented by experts from TotalEnergies Proffessors Associs. The Inaugural Program towards a first class of students will be dedicated to Economics and the Contractual Framework of the Oil and Gas Sector and Energy Transition. This intensive program is held from 12 to 16 June 2022.

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Total Energies Summer University launched to contribute to development of young talents In Libya - Libya Herald