
AI-generated summary
The Libyan-American Development Forum in Benghazi comes within the efforts of the Libyan Development Fund to strengthen international partnerships to support the reconstruction and development phase in Libya, after the first edition held in Washington in April 2025 in the presence of more than 90 American companies.
On Sunday, the city of Benghazi in eastern Libya hosted the second edition of the “Libyan-American Development and Reconstruction Forum,” in the presence of Balqasim Haftar, Director General of the Libya Development and Reconstruction Fund, the Chairman and members of the Libyan-American Business Council, and representatives of a number of United States companies.
The forum discussed opportunities for American expertise to enter a number of development sectors, and to build partnerships with national institutions and cadres, in light of the volume of work being implemented and intended to be completed in Benghazi and various Libyan cities.
During the forum, Al-Balassem stressed “the importance of moving from the stage of presenting opportunities to actual implementation, and working to transform the proposed areas of cooperation into concrete programs and projects that contribute to developing services, transferring expertise, and building national capabilities.”
This second edition of the forum reflects the Fund’s orientation towards “opening broader paths for international partnerships and benefiting from specialized expertise to support the requirements of the next stage of development and reconstruction in Libya.”
In a related context, the Libya Development and Reconstruction Fund launched a competitive global initiative for urban planning under the name “Greater Benghazi,” as part of the process of preparing the comprehensive plan for the city and its future vision until 2050.
Balqasim inaugurated the work of the initiative in the presence of representatives of a number of companies, institutions and national and international consulting offices, in addition to a group of engineers, experts and specialists, and with the participation of the commercial attaché of the Italian Embassy in Libya.
According to the Fund, the initiative aims to “prepare an integrated vision for urban expansion and infrastructure development, benefiting from international expertise and standards in the fields of urban planning, smart cities, and sustainability.”
The activities included discussion sessions accompanied by presentations on the proposed plans and visions for Greater Benghazi, and a review of a number of international experiences in the field of urban planning. This step comes within the framework of the Fund’s direction towards adopting long-term planning that keeps pace with the urban and economic growth of the city of Benghazi, and lays integrated foundations for its development until 2050.
Last June, Al-Qasim Haftar met at the headquarters of the US State Department in Washington, DC, with Massad Boulos, the US President’s senior advisor for Arab and African affairs, and a number of high-level officials in the ministry.
According to the Reconstruction Fund, the two sides discussed ways to enhance cooperation between Libya and the United States in the fields of development and reconstruction. They reviewed the strategic projects implemented by the Fund, and discussed opportunities to expand the partnership with American institutions and expertise, in a way that supports development efforts and enhances stability in various parts of the country.
Al-Qasim Haftar and a Libyan delegation previously participated, in April 2025, in the work of the “Libyan-American Forum for Development and Reconstruction” in its first edition, which was held in Washington, DC, in the presence of more than 90 American companies and institutions, and a number of officials concerned with African and Middle Eastern affairs.
It is noteworthy that the US State Department warned its citizens, on Saturday, against traveling to Libya, classifying the country as the fourth and highest risk level due to threats of crime, terrorism, and unrest.
AI outlook — possibilities, not facts
The Libyan Development Fund will sign preliminary partnership agreements with American companies during the last quarter of 2026 to implement projects in the energy and infrastructure sectors.
Likely · Within months
The comprehensive plan for the “Greater Benghazi” initiative will be approved by the competent authorities in Libya during the year 2027.
Possible · Within years

The Financial Regulatory Authority in Egypt issued the first comprehensive guide to regulate the consumer finance market, against the backdrop of the “Global Paradigm” school crisis, which revealed funds in the names of parents without their knowledge amounting to about 321 million pounds.
During the opening of new industrial projects in the Suez Canal Economic Zone, on Sunday evening, Madbouly pointed out that there are 176 other industrial facilities under construction, stressing that the importance of existing and new factories is not limited to attracting investments, but rather extends to providing job opportunities for youth, and localizing and deepening the local industry, in a way that enhances the Egyptian economy’s ability to increase production. The Egyptian Prime Minister said that the number of factories in the economic zone is likely to rise to about 400 factories within a period ranging between 3 and 4 years, in light of the continued implementation of new industrial projects and the attraction of local and foreign investments to the region. He stressed that this development represents, in his words, “the most eloquent response to what is being raised about benefiting from the elements of the Suez Canal,” as well as questions about the extent to which the growth of the Egyptian economy is linked to real productive sectors. The Suez Canal Economic Zone is of strategic importance in Egypt’s plans to attract industrial and logistical investments, taking advantage of its location on both sides of the Suez Canal and its proximity to international trade routes, which allows the factories established there to reach local and foreign markets. Egypt has been working in recent years to transform the zone from a mere corridor. Navigation to an integrated center for industry and logistics services, through developing industrial zones and ports and linking them to transportation networks, in addition to providing incentives to investors in sectors that the state aims to localize and increase the local component in. Madbouly pointed out that Egypt has dozens of similar industrial and investment zones that can contribute to creating job opportunities for millions of young people who join the labor market annually, stressing the importance of expanding productive projects as one of the main paths to supporting the economy. The increase in the number of factories in the Suez Canal Economic Zone comes at a time when Cairo is betting on investment Industrial development, increasing exports, and deepening local manufacturing are essential tools for raising production rates, providing job opportunities, and attracting foreign currency.

Prime Minister Mostafa Madbouly opened nine new projects in the Suez Canal Economic Zone in the Sokhna Industrial Zone, stressing that the zone has become an integrated Egyptian platform for industry and logistics services, while the General Authority for the zone achieved the highest revenues in its history during the fiscal year 2023-2024, amounting to 8.25 billion pounds, an increase of 36% over the previous year, and the new projects provide about 2,000 job opportunities.
The number of commercial trucks that crossed the Jdeidet Yabous port between Syria and Lebanon from January to August reached 31,189 trucks, transporting 528,329 tons of goods, while the number of travelers reached 2.046 million in both directions, and 46,485 Syrian citizens voluntarily returned to the country, thanks to the facilities provided by the General Authority of Ports and Customs to ensure the smooth flow of movement.

The Saudi Council of Economic and Development Affairs reviewed the performance of Vision 2030 programs, confirming that inflation stabilized at 1.8% in July 2026. A GCC statistical report also indicated that inflation in member states remained among the lowest globally during 2025, with prices stabilizing despite international fluctuations.

GCC countries maintained low inflation at 1.8% in 2025, outperforming global rates. In parallel, Saudi stocks ended Sunday trading with an increase of 0.3%, supported by gains from Aramco and Al Rajhi.