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Libya’s Minister of Economy and Trade, Mohamed Al-Huwaij, has directed the Commercial Registry Authority to tighten control over company registration renewals in line with the country’s Commercial Code.
Speaking during a meeting on Sunday, 12 October 2025, at the ministry’s headquarters, Al-Huwaij underscored the importance of enforcing the 2010 Commercial Law to ensure transparency and accountability in business operations.
The minister further called for greater oversight of insurance companies to ensure full adherence to legal and regulatory frameworks governing the industry. He instructed senior officials to develop a unified institutional structure for the ministry and its affiliated bodies, aimed at improving coordination and efficiency. According to a statement from the Ministry of Economy and Trade, these reforms form part of broader efforts by the Government of National Unity to modernize Libya’s commercial and financial systems and strengthen confidence in the national economy.
The meeting brought together undersecretaries, department heads, and directors of affiliated entities to discuss measures for enhancing regulatory compliance across the commercial sector.
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