Our source has exclusively obtained a report from the Audit Bureau addressed to the Attorney General, detailing violations at Al-Wafa Bank involving documents, names, and numbers that suggest corruption and money laundering. The documents reveal major violations and suspicions regarding the use of funds at Al-Wafa Bank, leading to the referral of responsible parties for […]
Financial reports for the years 2009, 2010, 2021, and 2022 from a leading company have shown that the average purchase prices for global crude oils, including Libyan Sidra crude, indicate substantial losses. Comparing the years 2009, 2010, 2021, and 2022, it was found that the losses resulting from the oil-for-fuel swap reached approximately $100 million […]
Waha Oil Company has contacted the Chairman of the National Oil Corporation regarding its agreement with the Libyan External Bank to cover credits, with 25% of the coverage provided by the company and 75% by the bank, with a ceiling not exceeding $250 million. The company stated that it is in discussions with the bank […]
Our source has obtained a directive from the House of Representatives to several public entities, nullifying the ruling that allowed Al-Saaiti to continue as Deputy Head of the Audit Bureau. The Speaker of the House of Representatives recently reaffirmed the decision to maintain Khalid Shakshak as the head of the Audit Bureau. Additionally, the Prime […]
Italian strategic expert Daniele Ruvinetti told our source on Sunday that China relies heavily on imported oil to sustain its economic growth. Despite its political instability, Libya holds significant oil reserves, making it a crucial partner for diversifying energy sources. By providing military equipment, China may aim to secure long-term access to Libyan oil under […]
The Daily Telegraph has uncovered details of a Chinese plan to send armed drones worth $1 billion to Libya using a shell company based in the UK to bypass the international arms embargo. According to the report, the plan aimed to deliver up to 92 drones capable of carrying multiple missiles from China to Libya, […]
Jalel Al-Harshawi, an expert on Libyan affairs at the Royal United Services Institute, spoke exclusively to our source on Saturday regarding the ongoing deal between Khalifa Haftar, his ally Ben Qadara, and China in exchange for Libyan oil. Al-Harshawi stated that while it’s difficult to speculate on whether oil sales at a price below market […]
The international trade expert Yassin Abu Sriwil stated in an interview with our source that lifting subsidies in Libya is being presented as an option to address several economic challenges. However, under current circumstances, it appears to be more of an attempt to prevent economic collapse rather than a strategic decision based on a clear […]
Dr. Mohsen Al-Salamouni, an economist at the London School of Economics, told our source on Thursday that the Libyan market is promising for investment. However, the economic situation worsens daily due to the exploitation by armed groups benefiting from the current instability. Al-Salamouni emphasized to our source that for Libya to achieve economic growth, the […]
Former board member of the Central Bank of Libya, Mrajaa Ghaith, commented to our source regarding the removal of fuel subsidies approved by the Libyan government. He stated that the term “removal” is inaccurate, and the correct expression should be “substitution of subsidies.” From the perspective of justice and logic, removing subsidies is not a […]
Our source has exclusively obtained correspondence from the Deputy of the Audit Bureau addressed to several officials within the bureau regarding the ruling of the South Tripoli Primary Court. Al-Saiti formed a committee to carry out procedures for receiving the responsibilities held by Khaled Shakshak, closing the outgoing register, and shutting down the decision system […]
Oil Minister Mohamed Aoun confirmed in a correspondence exclusively obtained by our source that the Supreme Court’s ruling today, as the highest judicial authority in the state of Libya, established over 70 years ago, supports and affirms the decision of the Court of Appeal. He expressed gratitude, noting that the ruling is a clear indication […]
The legal advisor, Hisham Al-Harati, stated exclusively to our source: “The Audit Bureau’s representative or any administrative employee is not permitted to enforce a judicial ruling or order through an administrative correspondence.” He added: “The enforcement of judicial rulings and orders is exclusively carried out by bailiffs in accordance with the procedures outlined in the […]
Engineer Masoud Shriha stated in a comment to our source regarding the cancellation of the arbitrary transfer decision, in which the ruling was issued with an enforcement clause to cancel the decision and compensate with 10,000 Libyan dinars, a ruling that has not yet been executed by the National Oil Corporation. In contrast, foreign rulings […]
The African Development Bank on Tuesday projected a growth rate of 6.2% for the Libyan economy in 2025, based on the National Oil Corporation’s goals, which anticipate exceeding a production level of 1.5 million barrels per day by the end of that year. “Independent Arabia” reported that the Libyan economy experienced a difficult year due […]
