With only one day left before the curtain falls on 2026, questions are mounting about the fate of the year and the economic and financial conditions it has produced amid a series of accumulated challenges. This year came as an extension of a phase marked by clear contradictions—most notably Parliament’s approval, on the last day […]
The Director of the General Administration for Oversight of the Energy Sector and Public Companies, Abdulbasit Al-Jaboua, told our source regarding the 2024 report of the Libyan Audit Bureau that the report includes the uses of crude oil exports, export volumes, and quantities used to supply fuel under the barter system, in addition to partners’ […]
The Head of the Libyan Audit Bureau, Khaled Shakshak, told our source exclusively that the Audit Bureau’s report includes a summary of the Bureau’s activities completed during 2024. The number of entities subject to oversight exceeded one thousand entities that were supposed to be included in the report, while the total number of entities under […]
The Libyan Audit Bureau published its 2024 report, confirming that the Council of Ministers of the Government of National Unity dispatched 11 envoys through seven procedures to receive overnight allowances for foreign missions amounting to LYD 119.8 thousand, while accommodation was charged to the state through a private company at a cost of LYD 447.8 […]
Economic expert Abubakr Abu Al-Qasim said in an exclusive statement to our source that Libya’s economy, amid the imbalances of 2025 and the continuation of institutional division into 2026, entered 2025 under mounting pressure. The most prominent challenges include the widening public budget deficit and the persistence of balance-of-payments distortions, in the context of high […]
Economic expert Suleiman Al‑Shahoumi told our sourcce that 2025 was, without doubt, the year in which the true state of Libya’s economy was exposed. He said the reality of the economic and monetary situation has become clear to everyone, noting an unprecedented level of runaway public spending. He pointed to the legislature’s lack of concern […]
Economic expert Mohamed Al‑Sanoussi told our source exclusively that 2025 was a very bad year economically, adding that citizens already feel this reality and do not need anyone to tell them so. Unfortunately, oil revenues are not fully transferred to the Central Bank, despite claims that barter arrangements have stopped; in reality, they continue in […]
A currency trader told our source that the price of the US dollar by cheque has risen to 10.05 dinars, while the cash rate reached 8.8 dinars. He attributed this increase to the slow execution of personal-purpose cards for the second half of December. He added that the slowdown in processing letters of credit, coinciding […]
The Central Bank of Libya revealed exclusively to our source that it has begun executing December salaries, starting on December 12, through the “Ratik Lahzi” system and extending to digital wallets. The Central Bank also announced on its official page that the number of salaries processed through the “Ratik Lahzi” system has reached one million […]
Economic expert Idris Al‑Sharif wrote a post on his personal page in which he asked: Is there not among you a wise man? Stop this recklessness with the wealth of a people left with no choice. Al-Sharif said: Three years ago, the head of the National Oil Corporation pledged to raise oil production to two […]
Data released by the Central Bank of Libya revealed a sharp and alarming decline in revenues transferred from the National Oil Corporation, with total remittances since December 25 to date amounting to no more than USD 1.019 billion. This comes as doubts and controversy resurface around the company “Arkenu,” which entered as a partner in […]
Libyan businessman Husni Bey said in an exclusive statement to our source: Despite massive oil resources, the Libyan economy continues to operate on the edge of unsustainability. Escalating spending figures, declining oil prices, the ongoing liquidity crisis, and an economic model designed not to function all point to a deeper malfunction than a mere shortage […]
Economic expert Mohammed Al-Rafadi told our source exclusively that the Libyan economy, despite recording a growth rate estimated at around 13% according to reports issued by international institutions, remains fundamentally fragile and unsustainable in its economic substance. He explained that this growth was driven by a relative rise in global oil prices and the stabilization […]
Legal expert in the oil sector, Othman Al-Hdhiri, wrote the following article:On the occasion of convening what are known as the general assemblies of oil companies, I am pleased to present the following to the reader: First: What Is a General Assembly in the Oil Sector? The General Assembly is the highest authority within oil […]
Our has obtained a copy of a decision issued by the Central Bank of Libya, in which it addressed banks as well as licensed exchange offices and companies, inviting them to a meeting next Thursday, January 1, 2026. The meeting aims to regulate the work of licensed companies and offices so that they can perform […]
