Executives said demand from Gulf clients had exceeded expectations, prompting plans for a second facility in Tripoli. Investors have been watching the negotiations closely, with yields on the 2030 notes narrowing by 40 basis points this week.
Executives said demand from Gulf clients had exceeded expectations, prompting plans for a second facility in Tripoli. The figures, published on Tuesday, compare with a contraction of 2.1 percent in the same period a year earlier.
Why it matters
Economists expect inflation to ease into single digits by year end if the exchange rate holds. The announcement lifted shares in the sector by as much as four percent in early trading.
“The numbers are moving in the right direction, but the margin for error is thin.”
Regional peers have moved faster, and the gap is becoming harder to ignore, one former adviser said. Analysts caution that the outlook remains tied to the pace of structural reforms and the political calendar.
Officials say the measures could take effect before the end of the quarter, although parliament has yet to schedule a vote. Economists expect inflation to ease into single digits by year end if the exchange rate holds.
What happens next
Investors have been watching the negotiations closely, with yields on the 2030 notes narrowing by 40 basis points this week. Investors have been watching the negotiations closely, with yields on the 2030 notes narrowing by 40 basis points this week.
