The Minister of Economy and Trade, Mohammed Al-Huweij, approved a series of regulatory measures during an expanded meeting held with the ministry’s affiliated bodies. During the meeting, the minister confirmed that the ministry has activated its integrated digital system and has begun employing it as a key tool for governance, oversight, and database integration. This will enable tighter control over the movement of goods and commercial activities, regulate import priorities in line with needs identified by the Ministry of Economy, and curb distortions that have led to illegal speculative practices. Al-Huweij stressed that the Ministry of Economy and Trade will exercise its mandates strictly in accordance with the law, without leniency or exceptions, emphasizing that the ministry will not hesitate to rein in speculators, price manipulators, and violators of regulatory rules. This approach, he said, will strengthen commercial discipline, protect the national economy, safeguard market stability, and preserve citizens’ purchasing power.

Source: Libya Observer January 31, 2026 19:47 UTC