News Archive
| News
Exclusive: The Central Bank Circulates Its Guidelines Regarding Acceptance of International Cards at Bank-Owned Local Points of Sale
Our source has exclusively obtained correspondence from the Central Bank of Libya to commercial banks regarding the acceptance of international cards at local points of sale owned by banks. The guidelines grant banks the authority to accept transactions at their own points of sale. Deductions are made from both local and foreign cards equivalent to […]
| News
Exclusive: Minister of Economy Clarifies Exceptions in Decision to Ban Re-export of Goods and Products
Minister of Economy and Trade, Mohamed Al-Huwaij, stated in an exclusive statement to Sada Newspaper that: “The decision to prohibit the re-export of goods supplied through credits from the Central Bank is not related to locally produced goods or those imported for export to other countries through Libyan ports according to banking procedures.”
| News
Exclusive: Ministry of Economy Clarifies Background of Decision to Ban Re-export of Goods and Products
The Ministry of Economy clarified to our source that the decision of the Minister of Economy regarding the prohibition of re-exporting all goods and products applies to goods for which credits have been opened through the Central Bank of Libya. It stated that the decision does not include domestic products, which are not prohibited from […]
Exclusive: GECOL Spokesperson Reveals Resumption of Operations at Tobruk Gas Plant with Several Details
The spokesperson for the General Electricity Company, Wiam Al-Taib, revealed in an exclusive statement to Sada Economic Newspaper regarding the power outage issue at the Tobruk station. The operations at the Tobruk station have resumed today after supplying it with the required fuel. Thus, we officially announce the re-entry of the first gas unit at […]
| News
Korea Times: North Korea Withdraws Diplomatic Missions from Libya
The Ministry of Foreign Affairs of North Korea announced today, Tuesday, that North Korea has withdrawn all its diplomatic missions from Libya, leading to a decrease in the global total from 46 to 44. A senior official, who requested anonymity during a closed press conference, stated that the Ministry of Foreign Affairs also confirmed the […]
| News
LIA Holds Meeting Regarding Assets and Frozen Funds
The Chairman of the Board of the Libyan Investment Authority and the CEO, Ali Mahmoud, held a meeting on Tuesday, January 23, 2024, at the foundation’s headquarters in the capital, Tripoli, with the Deputy British Ambassador to Libya, Katherine Wild. The meeting discussed issues related to the freezing system imposed on the Libyan Investment Authority. […]
| News
Exclusive: Aoun Demands NOC Head Provide Documents Regarding the Purchase of 9 Power Generation Units
The Economic Sada newspaper has exclusively obtained a letter from the Minister of Oil and Gas to the President of the Oil Corporation regarding his request for documents related to the project to purchase 9 power generation units. In the correspondence, Aoun stated that the Ministry of Oil and Gas received a copy of a […]
Exclusive: Unveiling Documentation: Tracking “Hadrian Food Imports,” Owned by the Al-Dawadi Family – Revealing the Scale of Their Suspended Financing
Our source exclusively obtained the commercial register and founding contract for the mentioned company in the Central Bank’s report, “Hadrian Food Imports,” which indicates that its founders are, Abdul Basit Al-Dawadi, a major shareholder in the Libyan Islamic Bank, along with his brothers, Faisal Al-Dawadi, and, Tarek Al-Dawadi, registered in the commercial register of the […]
| Reports
Oil Price: Financial Risks for International Oil Companies in Libya Significantly Increased After the Overthrow of Gaddafi
Oil Price website reported today, Thursday, that after the overthrow of the Libyan leader Muammar Gaddafi, the security and financial risks for international oil companies operating in Libya increased significantly. Regardless of the dismantled government institutions and the ongoing civil war, the imminent threat of force continues to be present at the country’s main oil […]
Exclusive: Documents and Commercial Records Reveal Libyan Islamic Bank’s Financing to Al-Dawadi Companies – Central Bank Issues Warning, Bank Provides Justification
Our source obtained a correspondence from the Central Bank of Libya to the Libyan Islamic Bank, which included granting financing to several companies worth millions, in violation of its instructions. This action could subject the bank to severe penalties, including the suspension of the board of directors and the general manager, the formation of a […]
| News
Ministry of Oil and Gas Responds to Corruption Accusations by Mustafa Sanalla
The Ministry of Oil and Gas responded to the contents of the letter from the former president of the National Oil Corporation, Mustafa Sanalla, dated January 9, 2022, addressed to the Head of the Administrative Control Authority and published on some social media platforms. The ministry stated that during the second half of 2006 and […]
| Reports
S&P Global Platts: Oil Companies Halt Projects in Libya, and Here are the Details
The British S&P Global Platts reported in its article today, Monday, that protesters from the Ubari region in the south of the country have taken to the streets in recent days amid anger over rising fuel prices and a shortage of economic opportunities. El-FeelField, with a capacity of 70,000 barrels per day, has also been closed. […]
| News
Africa Intelligence: Memorandum of Understanding between Italian ENI and National Oil Corporation Fails for These Reasons
The French intelligence website, Africa Intelligence, stated today, Monday, in its article that the project of the Italian company ENI is set to fail in Libya due to the eruption of a battle between the Minister of Oil, Aoun, and the National Oil Corporation. The French website pointed out that the major Italian oil company […]
| News
Exclusive: Central Bank’s Director of the Banking and Monetary Control Department Warns, via Sada, of Smuggling Food and Other Goods to Neighboring Countries
The Director of the Banking and Monetary Control Department at the Central Bank of Libya revealed in a statement to our source: “If the smuggling of food and other goods to neighboring countries continues in the absence of relevant authorities controlling border crossings, it will have a significant negative impact on the national economy. This […]
| News
Exclusive: Al-Kabeer Informs Dbeibeh: Budget Disbursement Hinges on Parliamentary Approval
Sources revealed in an exclusive statement to Sada Economic Newspaper that the Governor of the Central Bank of Libya, Seddiq Al-Kabeer, categorically rejected the disbursement of the budget to the Government of National Unity. According to the sources, the Governor of the Central Bank of Libya emphasized the necessity of disbursing a budget approved by […]