Our source has exclusively obtained a circular from the Central Bank of Libya regarding the Parliament’s decision to reduce the tax by 5%, bringing it down to 15%. The Central Bank also emphasized the need to streamline procedures for opening letters of credit for all purposes, goods, and services.
Our source has exclusively obtained the decision by the Speaker of the House of Representatives to impose a 15% fee on the official foreign exchange rate for all purposes. The exchange rate will include this fee, considering exemptions granted by the Speaker’s decisions, with the possibility of reduction based on Libya’s revenue conditions upon the […]
Banking expert Misbah Al-Akari wrote an article discussing the positive figures released today by the Central Bank, highlighting key payment trends over the past 10 months: The article emphasizes the positive trend of electronic payments, which constitute the highest share. The total number of POS terminals has reached 70,000, with 4.7 million activated cards, and […]
A source at the Central Bank of Libya exclusively revealed to our source that the process of connecting the Trading Network with the Transactions Network has been successfully completed. As a result, all cards in Libya will now work on all POS terminals.
In the presence of the institution’s partners, several consultants, and ambassadors from the member states of the sanctions committee, the Libyan Investment Authority held its second annual forum for 2024 on Thursday morning in the Libyan capital, Tripoli, under the title (Second Annual Forum for Reviewing Strategic Initiatives). In a statement to our source, the […]
The German site Reliefweb reported today, Sunday, that Libya has experienced widespread conflict, civil unrest, and economic and political instability since 2011. While the humanitarian situation in the country has improved since the ceasefire agreement in October 2020, Libyans continue to suffer from the impacts of economic instability. According to the United Nations High Commissioner […]
Economic expert Mohammed Abu Snina wrote an article in which he stated: “Some pages on social media have circulated the information regarding the increase in the profits of commercial banks combined, during the current year until the end of the third quarter of the 2024 fiscal year. These profits reached 1.639 billion dinars, compared to […]
The Italian website timesaerospaceo reported on Thursday that the Italian airline ITA Airways has launched a new direct flight route between Rome Fiumicino Airport and Mitiga Airport. The website stated that the flights are scheduled to start on January 12, 2025. The resumption of direct flights between Rome Fiumicino and Mitiga Airport was made possible […]
Our source has exclusively obtained correspondence from the Deputy of the Libyan Audit Bureau, Atiyat-Allah Hussein Abdelkarim, expressing reservations regarding the National Authority for Corneal Transplantation’s contract with Al-Ayham Medical Services Company. The contract, valued at a total of 17.9 million Libyan dinars, is for the procurement of corneas and visiting doctors. The concerns are […]
Hisham Al-Siddai, the legal advisor for the steering committee of the Islamic Call Society, stated to Al-Sada Economic News: “The Tripoli Court of Appeal’s ruling is binding on all entities within the host country and abroad. It is crucial for this ruling to be implemented without obstruction from any party, out of respect for independent […]
The oil-focused website Oil Price reported on Thursday that the Spanish company Repsol YPF has made a “significant” oil discovery in the country, marking its sixth discovery in the Murzuq Basin. According to the website, the discovery, which produced a flow of 4,650 barrels per day of “high-quality oil” during testing, comes just weeks after […]
The Central Bank of Libya revealed exclusively to the our source that it has received the October salaries for government sectors. The Central Bank also confirmed that the execution of these payments will commence starting today, Wednesday.
Sada Economic newspaper’s source has exclusively obtained a notice from Attiyat Allah Hussein Abdul Karim, Deputy of the Libyan Audit Bureau, addressed to the head of the Tax Authority. The notice instructs the Tax Authority not to complete the registration and certification of any public contracts valued at 5 million Libyan dinars or more unless […]
Sada Economic newspaper’s source has exclusively obtained a communication from the Audit Bureau to the Director of the Wife and Children’s Grant Department at the Ministry of Social Affairs in the Government of National Unity. The communication indicated that, following the Audit Bureau’s review and examinations, it has decided not to withhold the continuation of […]
A special source has confirmed to Sada Economic News that the House of Representatives has approved a reduction in the tax on the exchange rate. The new tax rate will be 15%, effective from November 17, 2024.
