The UAE has joined a group of international partners in welcoming a key economic development in Libya.
In a joint statement, the UAE, Egypt, France, Germany, Italy, Qatar, Saudi Arabia, Turkey, the UK and the US praised the signing of a unified 2026 budget for Libya on April 11 — the country’s first national budget in more than a decade.
The countries described the agreement as a significant step towards improving economic coordination between eastern and western Libyan authorities, with the potential to support greater stability, unity and prosperity.
They said full implementation of the budget would help strengthen Libya’s financial position, support its currency and enable development projects and investment, while reinforcing key national institutions, including the Central Bank of Libya, National Oil Corporation and Libyan Audit Bureau.
The statement also highlighted provisions to boost oil and gas production, noting this could benefit both the Libyan economy and wider regional and global energy security.
The group reaffirmed its support for the UN-led political process in Libya, urging all parties to work towards unified governance and national elections, alongside continued economic integration.
Joint Statement on Libya Unified Budget Agreement pic.twitter.com/olMuRMDljl
— MoFA وزارة الخارجية (@mofauae) April 20, 2026
ADNOC and partners to develop mega gas project
Bank fined AED 20 million for repeated regulatory failures
UAE announces Retail T-Sukuk subscription details
Dubai tops global greenfield FDI rankings fifth year in a row
Tata Electronics hit by cyber breach claiming to expose Apple, Tesla trade secret
