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. […]
A private source, in a statement to Sada Economic Newspaper, expressed surprise over the refusal to sell the French partner’s share in Sahara Bank to two local companies, despite their right to own 19%. The source denied referring to the transaction as a theft, emphasizing that it was a legitimate sale between the French partner […]
A private source expressed surprise in a statement to Sada Economic over the rejection of the sale of the French partner’s share in Sahara Bank to two local companies, despite their right to a 19% contribution. The source also rejected labeling the transaction as theft, emphasizing that it is a sale and purchase agreement between […]
The Central Bank of Libya exclusively revealed to our source the arrival of a cash shipment worth 100 million dinars to Benghazi. Of this amount, 60 million dinars have been allocated to support branches of Wahda Bank, while 40 million dinars are designated to bolster the vaults of North Africa Bank branches in the eastern […]
The British website Geopolitical Monitor reported that the Libyan Investment Authority expects the United Nations to unfreeze its $70 billion assets by the end of the year. After a series of institutional reforms and years of negotiations with the UN Security Council, the unfreezing of assets would enable the fund to make new investments and […]
