A report from the Central Bank of Libya has disclosed the expenditures of the Presidential Council and its affiliated entities from January 1 to November 30. The expenditures of the Presidential Council amounted to 43.1 million dinars, while the expenses of the security entities exceeded 611 million dinars. The expenses of the Office of Public […]
According to the French website Africa Intelligence, business activities in the city of Derna, amidst the ruins, seem to be improving. The French website confirms that the call issued by parallel authorities in Benghazi for foreign companies to assist in rebuilding the coastal city of Derna, destroyed by Storm Daniel in September, will enhance commercial […]
In an exclusive update, our source obtained a letter from the Director of Payments and Settlements Department at the Central Bank of Libya to the CEO of Moamalat Financial Services Company. The Central Bank has called for the completion of integration processes with Electronic Payment Companies licensed by the Central Bank. This includes automating the […]
Our source at the Central Bank of Libya revealed in an exclusive statement that the foreign currencies sold to commercial banks during the month of November, the past three weeks, amounted to approximately $1.7 billion, including $1 billion covering documentary credits and $700 million for personal items cards and transfers. According to the source, the […]
Oil Minister Mohammad Aoun, in an interview with the British agency Global Platts today, Wednesday, stated that he does not expect OPEC to resort to imposing a similar embargo to the Arab oil movement in 1973, which caused a global oil crisis. Aoun added that OPEC includes non-Arab countries and may not be prepared to […]
Our source revealed that a decision has been issued by the Speaker of the Parliament to revoke the decision enabling Omar Al-Dulaimi to chair a limited-scope committee within the National Anti-Corruption Authority, related to settling the conditions of employees and restructuring the administrative system within the authority. The source added that the decision of the […]
The IMF announced on Monday that the declaration of the reunification of the Central Bank has led to welcomed improvements in banking services and the coordination of monetary policy. It has also helped propel the reform agenda forward, as Libya urgently needs a clear economic vision and technical assistance support. According to the IMF, a […]
Bank ABC revealed its financial results for the third quarter of 2023, where net profits attributable to the shareholders of the parent company amounted to $183 million. The bank also won a number of prestigious awards for its commitment to providing a unique banking experience for companies and individuals. The Chairman of the Board of […]
ElKabir inaugurates the second workshop aimed at aligning with the most current banking supervision standards and requirements. The event was attended by his deputy, Marai Al-Barasi, as well as the Director of the Banking and Monetary Supervision Department, directors of risk departments, and the heads of units responsible for implementing Basel guidelines in banks. This […]
The spokesman for the Man-Made River Authority, Salah Al-Saadi, told our source that water had stopped in the city of Gharyan, and the areas located from Tarhuna in the east to Al-Ruhaibat in the west. Al-Saadi added that the water outage was due to a technical defect in Station 6, close to the Wasifa reservoir, […]
Marrakesh, Kingdom of Morocco – In a momentous gathering of economic leaders from around the world, H.E. Mr. Saddek Omar Elkaber, Governor of the Central Bank of Libya, held a crucial dialogue during the plenary session of the annual meetings of the International Monetary Fund (IMF) on Friday, October 13th. The high-level meeting saw the […]
In a high-level meeting held during the annual meetings of the International Monetary Fund in Marrakesh, Kingdom of Morocco, H.E. Mr. Saddek Omar Elkaber, the Governor of the Central Bank of Libya, and his team engaged in discussions with prominent figures in the global financial community. The attendees included Ajay Banga, President of the World […]
In a meeting conducted on Wednesday, the 11th of October in Marrakesh, Kingdom of Morocco, Mr. Maree Muftah Raheel Al-Barasi, Deputy Governor of the Central Bank of Libya, and his team engaged in discussions with Mai Khamis, the Deputy Director General of the Monetary Policy and Financial Markets Department at the International Monetary Fund. The […]
Expressing solidarity and condolences to the victims of Hurricane Daniel, the meeting focused on strengthening cooperation between the two banks, the follow-up on recommendations from the March 2023 Washington meeting, an evaluation of the performance of Japanese companies engaged in reconstruction and energy projects, and a comprehensive analysis of the conditions in Asian markets. This […]
The central discussion points in the meeting between H.E. Mr. Saddek Omar Elkaber, Governor of the Central Bank of Libya, and Mr. Dominique de Villepin, a renowned economic expert and former Prime Minister of France, in Marrakesh, Kingdom of Morocco, encompassed geopolitical conflicts, climate change, consequential economic developments, virtual currencies, associated technologies, and the role […]
