The Libyan Ministry of Housing and Reconstruction, part of the Government of National Unity, has announced that the next phase of urban development will heavily rely on boosting innovation and expanding strategic partnerships. This approach aims to support reconstruction efforts, improve the efficiency of sustainable development across the country, and give entrepreneurs and innovators more opportunities to get involved in urban development projects. This announcement came during the "Mahara for Urban Technology" initiative, hosted in the capital city of Tripoli. The event saw the participation of Eng. Issam Al-Tamouni, Minister of Housing and Reconstruction, and Dr. Sophie Kemkhadze, the Resident Representative of the United Nations Development Programme (UNDP) in Libya. The initiative is part of broader efforts to support development and strengthen national capabilities in urban planning and development. Minister Al-Tamouni praised the collaboration between the UNDP and Libya Spider company for launching this initiative. He emphasized that it highlights the importance of strategic partnerships in fostering innovation and empowering national talent. He also acknowledged the significant role the UNDP plays in supporting development and construction projects throughout Libya.
Tags
Related editorial

MIS Teams Up with Saudi Fransi Capital to Power Up Saudi Arabia's Data Centers
MIS (Al Moammar Information Systems) and Saudi Fransi Capital are joining forces to explore building three major new data centers in Riyadh, Dammam, and Jeddah. MIS will handle the development, design, and management of these facilities, which aim to add a significant 48 megawatts of capacity to Saudi Arabia's digital infrastructure, supporting the nation's digital transformation goals.

REVYN Launches UAE's First Resale Platform with No Seller Fees
Get ready for REVYN, a new platform now live in the UAE on iOS and Android! It lets users easily buy and sell pre-owned items directly. What's really cool is that sellers pay absolutely no commission, making it the first model of its kind in the UAE market and a big win for sustainable living.

Paymob and UnionPay Team Up to Expand Digital Payments Across Egypt, Boosting Global Connections
Exciting news for Egypt's digital payment landscape! Paymob and UnionPay have joined forces to significantly expand UnionPay card acceptance at over 160,000 locations across the country. This fantastic partnership is set to make cross-border payments smoother, giving a big boost to tourism and digital commerce in Egypt.

FRA Dispels Rumors: Non-Banking Financial Companies' Branches Remain Open
The Financial Regulatory Authority (FRA) has debunked recent social media rumors claiming the closure of non-banking financial company branches. The FRA clarified that the decision being circulated is an old one, dating back to October 2025, and specifically does not apply to the non-banking financial companies mentioned in the rumors. The authority assures the public that the sector is operating as usual.

