Our banking source confirmed that the foreign exchange system will be opened on January 1 for all purposes. The Central Bank’s administration is reportedly ready to begin operations normally, according to the source.
Written by businessman Husni Bey regarding the cement crisis: “There is no doubt that cement is a basic commodity, highly demanded in the local market across all sectors, and directly affects the real estate sector, which accounts for no less than 60% of the national wealth. The availability of cement and the stability of its […]
The Chairman of the Board of Directors of the National Commercial Bank, Khaled Al-Hassi, stated in a comment to our source, on the occasion of the bank’s 70th anniversary, that nearly 7 billion dinars have been settled, and provisions have risen to approximately 1.3 billion dinars to address any potential issues. This instills confidence in […]
The Chairman of the Board of Directors of the National Commercial Bank, Khaled Al-Hassi, stated to our source that the bank aims, if approved by the Central Bank of Libya in the coming days, to establish or contribute to a digital bank. He also mentioned that the bank seeks to correct the status of the […]
Mohamed Al-Said Al-Garej, head of the Libyan Student Union in Turkey and Cyprus, sent a letter to several officials including the Head of the Audit Bureau, the Prime Minister of the Government of National Unity, the Speaker of the House of Representatives, the Minister of Higher Education and Scientific Research, and the Minister of Foreign […]
Our source has obtained a decision from the President of the Board of Directors of the Arab Union Contracting Company, which announces the removal of General Manager Salem Abulifa from his position. The President of the Board appointed Mohamed Ghoula, a member of the board, to temporarily manage the general manager’s duties until the General […]
Our sourcce has exclusively obtained a letter sent to the Deputy Head of the Audit Bureau from the President of the Holy Quran Institution, detailing what he describes as “unlawful interventions” made by the head of the Audit Bureau, Khaled Shakshak, in the affairs of the Complex. The letter highlights, among other matters, Shakshak’s request […]
On December 22, 2024, ur source obtained reports from the Audit Bureau, which were forwarded to the Public Prosecution, regarding the contaminated gasoline supply by Litasco company to Libya, which led to numerous vehicle malfunctions. The National Oil Corporation had reached a settlement with the aforementioned company, with approval granted by the head of the […]
The tech blogger Amin Salih wrote an article in which he entitled: “The Communications Authority is Outside the Scope of Communications.” He stated: “When writing an opinion piece on information technology, you try to gather many ideas, mistakes, viewpoints, and issues, blending them with local and global experiences and practices. During my visit last week […]
Financial Times reported today that the Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Zelle payment network operator and three major US banks. The British newspaper confirmed that these banks dominate financial transactions and failed to adequately investigate fraud complaints and compensate victims. Millions of Dollars in Losses: According to the report, the […]
Our exclusive sources revealed that in a new development in the case against Lukoil, filed in English courts, Libya is being asked to pay outstanding amounts totaling $42 million, including fines. These amounts are being demanded by the company for supplying contaminated gasoline, which led to the conviction of the general director of marketing in […]
Global Platts, the British agency, revealed part of its 2025 commodities series today, also focusing on the oil and gas sector. According to the agency, Libyan oil production rose in November to 1.17 million barrels per day, according to estimates from Standard & Poor’s Global Commodity Insights. This is the highest production figure since October […]
The French intelligence website, Africa Intelligence, reported today, Thursday, that the Libyan Investment Authority is resuming its battle to recover Libyan assets. The site confirmed that the head of the Investment Authority, Ali Mahmoud Hassan, is seeking negotiations on the use of frozen assets during his discussions with the United Nations sanctions committee on Libya.
The Deputy of the Libyan Audit Bureau held discussions with the General Administration for Oversight of the Energy and Public Companies Sectors about the work of technical committees serving as observers in the annual oil inventory operations. He emphasized the need to crown oversight efforts with a comprehensive qualitative report supported by technical observations and […]
The World Bank has revealed in a report that Libya introduced its subsidy program in 1971, covering essential food products, energy, public services such as water and sanitation, education, medicines, and animal feed. The program aimed to set affordable prices for basic consumer goods and shield consumers from global price shocks. The report noted an […]
