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.
Banking expert Dr. Houssem Al-Shhibi commented on his official Facebook page regarding the decision of the Central Bank of Libya’s Board of Directors to activate a unified clearing system between its Tripoli and Benghazi branches. He stated that this decision, made at the Board’s first meeting, is a positive indicator of the Board’s intent to […]
Houssem Misbah, CEO of the Strategic Partnership Forum for Oil and Gas, revealed to Sada Economic newspaper’s source that the National Oil Corporation plans to hold a forum bringing together the NOC, its affiliated national companies, and Libyan private sector companies operating in the oil and gas sector. Misbah added that through this forum, the […]
Economic expert Suleiman Al-Shhumi spoke exclusively to Sada Economic newspaper, commenting on the recent decisions made by the Board of the Central Bank of Libya during its first meeting, part of a short-term plan aimed at providing a positive boost to the Libyan community and the financial and economic sectors. However, he expressed concerns that […]
Norwegian Ambassador to Libya, Hilde Klemetsdal, spoke to our source on Sunday, stating: “We have no plans to open the Norwegian Embassy in Tripoli, but we do wish to open a consulate.” The Ambassador confirmed that the issue of the Norwegian consulate was one of the key topics she discussed during her recent visit to […]
Our source has confirmed that the Central Bank’s Board of Directors and its Governor will take urgent measures to ensure salary payments are made by the end of the week. This will be done in coordination with the Ministry of Finance, reassuring Libyans that salaries are a top priority in public spending.
Economist Ibrahim Wali has written an article exclusively for Sada Economic Newspaper, where he shared his insights: “To date, the Central Bank of Libya has made commendable progress that is well-received by citizens and the Libyan monetary market. However, these steps are temporary unless they are accompanied by a missing fiscal policy and a dormant […]
Parliamentary sources have revealed to Sada Economic Newspaper that the proposal from the Central Bank of Libya to reduce the 5% foreign currency tax has not been approved. The proposal, which is part of a broader study, also included a plan to eliminate the tax by the end of this year. However, there are currently […]
The economic expert, Ibrahim Wali, penned an article exclusively for our source, stating: “To date, the Central Bank of Libya (CBL) has taken commendable steps appreciated by citizens and the Libyan monetary market. However, these steps are temporary unless accompanied by the missing fiscal policy and the dormant trade policy under the Ministry of Economy. […]
