Libya will invest $10 billion to $12 billion in its oil industry this year, exceeding its total investment from last year, chairman of Libyan National Oil Co. Shukri Ghanem said last week.

Great Wall Motor Company has won an overseas government procurement order to supply 3,300 pickups, according to news from GWM's headquarters, located in Baoding, Hebei Province.
The vehicles will be loaded onto a vessel in the Tianjin Port and shipped to Libya.

Joumhouriya (Republic), Libya's biggest state-owned bank by assets, has capital of more than 1 billion dinars ($769.2 million) after merging with another bank, Al Oumma (Nation) Bank. The merger with Al Oumma, the fifth-largest state-owned bank, created an entity with combined assets of $6.5 billion, and the government has appointed advisers

Standard & Poor's Ratings Services today said it had assigned its 'A-' long-term and 'A-2' short-term foreign and local currency ratings to the Socialist People's Libyan Arab Jamahiriya (Libya). The outlook is stable. At the same time, a Transfer & Convertibility assessment of 'A-' was assigned.  With this rating, Standard & Poor's now rates 125 sovereigns worldwide.