Our source obtained a correspondence from the Governor of the Central Bank of Libya to the members of the Financial Committee of the House of Representatives regarding the central bank’s initiation of a plan to withdraw the 50-dinar denomination. This comes out of concern over the increasing rates of counterfeiting, its continued circulation, and the […]
Our source has exclusively obtained a decision by the Governor of the Central Bank of Libya to form a committee chaired by the Director of Banking and Currency Supervision Department. The committee is tasked with studying the demand for foreign currency and the available revenues, aiming to achieve balance in the balance of payments by […]
The Italian strategic expert, Daniele Rovinetti, stated to tour source today, Friday, that it is certain that the gap between the Government of National Unity and the eastern Libyan government is creating a security alarm, as indicated by some recent military movements, but primarily it’s also economic. Rovinettipointed out that this division exacerbates the economic […]
In an exclusive statement to the Minister of Economy and Trade, Mohamed Al-Huwaij, said to our source: “What we mentioned in a previous statement regarding indicators indicating that 40% of the Libyan people are below the poverty line according to international standards. These indicators have been pointed out by a number of economic experts.” He […]
Our source has exclusively obtained a communication from the Central Bank of Libya to commercial banks, informing them that next Sunday, February 18, will be an official holiday in celebration of the February 17 Revolution, with work resuming on Monday, February 19. The Human Resources Management of the Central Bank of Libya also circulated to […]
Our source has obtained a communication from the Ministry of Economy’s deputy to the Director-General of Customs, that included the temporary suspension of all export operations until coordination with relevant authorities to ensure compliance with all export regulations. It also ensures the return of hard currency obtained by companies in supplying raw materials and operational […]
Our source from the Central Bank of Libya revealed that part of the January salaries will be executed through the “Aysar” project, while the remaining part will be processed through referrals to the sectors. Aysar project is aimed at accelerating salary disbursement within one day, replacing manual procedures that take several days. Additionally, the Central […]
In an exclusive statement to Sada Economic newspaper, our source from the Ministry of Economy of the Government of National Unity revealed that pressures on the General Commercial Registry Office led to its relocation from its current headquarters. The Director of the Registry notified the Tripoli Chamber of Commerce and Industry of his move to […]
Bank ABC (Arab Banking Corporation B.S.C.) – Bahrain Bourse Trading Code “ABC” – today announces its financial results for Q4 and full year 2023. The Group reported a surge in annual Net Profit attributable to its shareholders of 53% year on year (YoY) to reach US$235 million on the back of strong core business growth […]
An economic source revealed to Sada Economic Newspaper in a statement exclusively given that the National Oil Corporation transferred more than one and a half billion dollars during the month of February, with the latest transfer just days ago. However, the black market exchange rate of the dollar continues to be high due to the […]
Minister of Oil and Gas, Mohamed Aoun, commented in an exclusive statement to our source on the decision of the National Unity Government to pay the value of fuel supplies directly and temporarily from revenues. He stated that regulatory authorities objected to the decision, as did the Central Bank of Libya, because it is illegal, […]
Our source obtained a decision from the National Unity Government amending the authorization decision for the National Oil Corporation. The decision authorizes the NOC temporarily to set off from the oil revenue account to pay for fuel supplies and to pay the foreign partner’s share of gas supplies to the General Electricity until the results […]
Oour source exclusively obtained the response of the Libyan Islamic Bank dated October 26 to the previous observations made by the Central Bank regarding the grants of financing to major shareholders, which led to warning the bank and suspending the grants of financing to it. The latest of which was the suspension of several officials […]
Director General of the National Commercial Bank, Ali Al-Khuwildi, revealed in a statement to our source about the initiative of commercial banks “NCB, Aman Bank, UBCI, Wahda Bank, and Jumhouria Bank” regarding the acceptance of international cards at local points of sale owned by banks. He said that this process involves withdrawing personal items “cards” […]
Our source exclusively obtained correspondence from the Central Bank of Libya to the Libyan Islamic Bank, relieving the Director of the Audit Department of his duties, as well as the Director of Risk Management, and prohibiting them from holding any leadership positions due to violations observed by the Central Bank regarding the bank’s financial and […]
