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Libya, officially the State of Libya, is a country in the Maghreb region of North Africa. It is bordered by the Mediterranean Sea to the north, Egypt to the east, Sudan to the southeast, Chad to the south, Niger to the southwest, Algeria to the west, and Tunisia to the northwest. Libya comprises three historical regions: Tripolitania, Fezzan, and Cyrenaica. With an area of almost 1.8 million km2 (700,000 sq mi), it is the fourth-largest country in Africa and the Arab world, and the 16th-largest in the world. The country's official religion is Islam, with 96.6% of the Libyan population being Sunni Muslims. The official language of Libya is Arabic, with vernacular Libyan Arabic being spoken most widely. The majority of Libya's population is Arab. The largest city and capital, Tripoli, is located in north-western Libya and contains over a million of Libya's seven million people.
The economy of Libya depends primarily on revenues from the petroleum sector, which represents over 95% of export earnings and 60% of GDP. These oil revenues and a small population have given Libya one of the highest nominal per capita GDP in Africa.
Benghazi is the second-most populous city in Libya as well as the largest city in Cyrenaica, with an estimated population of 1,207,250 in 2020. Located on the Gulf of Sidra in the Mediterranean, Benghazi is also a major seaport.
The dinar is the official currency of Libya. The dinar is divided into 1,000 dirhams (درهم). It is issued by the Central Bank of Libya, which also supervises the banking system and regulates credit.
Misrata is a city in the Misrata District in northwestern Libya, situated 187 km (116 mi) to the east of Tripoli and 825 km (513 mi) west of Benghazi on the Mediterranean coast near Cape Misrata. With a population of about 881,000, it is the third-largest city in Libya, after Tripoli and Benghazi. It is the capital city of the Misrata District and has been called the trade capital of Libya. The harbor is at Qasr Ahmad.
Bayda, or Elbeida ( or ; Arabic: البيضاء al-Bayḍāʾ ), is a commercial and industrial city in eastern Libya. It is located in northern Cyrenaica. With a population of 250,000 people, Bayda is the 4th-largest city in Libya. It is the capital city of the Jabal al Akhdar district.
The Middle East and North Africa is a geographic region whose countries are often referred to by the acronym MENA. It is also known as WANA, SWANA, or NAWA, which alternatively refers to the Middle East as West Asia or as Southwest Asia; this is another way to reference the geographical region, instead of using the more common political terminology.
The Libyan pound was the currency of Libya between 1951 and 1971. It was divided into 100 piastres and 1000 milliemes (مليم).
The Central Bank of Libya (CBL) is the monetary authority in Libya. It has the status of an autonomous corporate body. The law establishing the CBL stipulates that the objectives of the central bank shall be to maintain monetary stability in Libya and to promote the sustained growth of the economy in accordance with the general economic policy of the state.
Arab Banking Corporation is an international bank with headquarters in the Diplomatic Area of Manama, Bahrain. It was incorporated as a joint stock company in 1980 through a special decree by the Amir of Bahrain. It obtained an offshore banking unit licence from the Bahrain Monetary Agency on 7 April 1980, and began operations in the same month. The bank is listed on the Bahrain Bourse and its major shareholders are the Central Bank of Libya (59.37%) and Kuwait Investment Authority (40.63%). Its network spreads across 17 countries in the Middle East and North Africa (MENA), Europe, the Americas and Asia. It is expanding its retail banking network in the MENA region.
Al Wahat or The Oases, occasionally spelt Al Wahad or Al Wahah is one of the districts of Libya. Its capital and largest city is Ajdabiya. The district is home to much of Libya's petroleum extraction economic activity.
Mustafa Ahmed Ben Halim was a Libyan politician and businessman who served in a number of leadership positions in the Kingdom of Libya from 1953 to 1960. Ben Halim was the Prime Minister of Libya from 12 April 1954 to 25 May 1957. Through his political and private sector work, he supported the development of the modern Libyan state.
The National Oil Corporation is the national oil company of Libya. It dominates Libya's oil industry, along with a number of smaller subsidiaries, which combined account for around 70% the country's oil output. Of NOC's subsidiaries, the largest oil producer is the Waha Oil Company (WOC), followed by the Arabian Gulf Oil Company (Agoco), Zueitina Oil Company (ZOC), and Sirte Oil Company (SOC).
The Libyan Agricultural Bank is an agricultural development bank operating under special law and owned by the Libyan government. Established in 1957, it provides advice and guidance on agricultural problems, advances loans to agricultural cooperatives, and generally assists in developing Libya’s agricultural community. The Bank operates one city branch from its headquarters in Tripoli and another 27 branches throughout Libya. The Bank is also a member of the Near East-North Africa Regional Agricultural Credit Association (NENARACA) based in Amman, Jordan.
The Demographics of the Middle East describes populations of the Middle East, a region covering western and northern parts of the Asian and African continents respectively.
Tropical Bank is a commercial bank in Uganda. It is licensed and supervised by the Bank of Uganda, the country's central bank and national banking regulator.
The Libyan civil war or the 2011 Libyan revolution, also known as the First Libyan Civil War was an armed conflict in 2011 in the North African country of Libya that was fought between forces loyal to Colonel Muammar Gaddafi and rebel groups that were seeking to oust his government. The war was preceded by protests in Zawiya on 8 August 2009 and finally ignited by protests in Benghazi beginning on Tuesday, 15 February 2011, which led to clashes with security forces who fired on the crowd. The protests escalated into a rebellion that spread across the country, with the forces opposing Gaddafi establishing an interim governing body, the National Transitional Council.
Abdul Hamid al-Dbeibeh is a Libyan politician and businessman who is the prime minister of Libya under the Government of National Unity (GNU) in Tripoli. Dbeibeh was appointed on 15 February 2021 through the Libyan Political Dialogue Forum, and he was expected to hold the office until elections on 24 December 2021, which were later postponed.