The Global Arbitration Review reported that a US court has granted permission to a Turkish contractor to seize Libyan assets. This comes as part of the contractor’s efforts to collect a US$30 million investment compensation awarded to him for unpaid debts related to construction projects dating back 30 years.
Our source has obtained the Central Bank of Libya’s correspondence instructing banks to extend working hours until 5:30 PM, starting from Sunday, December 14 to Thursday, December 18, in order to give citizens more time for cash withdrawals. The directives also include increasing the number of cash distribution counters and fully refilling all ATMs with […]
One of the residents of the Savings and Real Estate Investment Bank building in the Meizran area told our source:“The apartments were previously rented to private companies. After these companies left in 2011, the apartments became empty. We moved in during 2013, and some of us at the end of 2012, with ownership certificates.” He […]
The Central Bank of Libya exclusively told our source that starting next week, it has the capacity to inject 15 billion dinars in liquidity. The Central Bank confirmed that the distribution will continue until the end of January 2026.
Counselor Mustafa Al-Manaa wrote:At the Doha Forum 2025, the Government of National Unity took part in discussions on global economic and justice issues, at a time when the world is witnessing profound geopolitical and economic transformations. With international trade, artificial intelligence, and the energy transition topping the global agenda, the government engaged in discussions under […]
The legal expert in the oil sector, Othman Al-Hdhiri, wrote an article in which he said: I read an article by a colleague interested in economics and finance discussing an anticipated loan for the National Oil Corporation, asking whether it is a necessary support for developing production or just another financial burden. He also seemed […]
Travelandtourworld website revealed that the authorities in Libya, North Africa, have jointly decided to implement a bold plan to develop the civil aviation sector, a move that could be decisive in reviving tourism and travel in the country. The founding committee meeting of the Libyan Aviation Holding Company (LAHC), chaired by the Minister of Transport […]
During the Banking Sector Forum, the Governor of the Central Bank of Libya launched three strategic initiatives, including the formation of a national advisory team for financial and economic reform made up of Libyan banking experts. This team will operate under the Governor’s direct supervision to provide technical advice and shape future financial and economic […]
The Central Bank of Libya revealed exclusively to our source that December has recorded the highest foreign currency sales compared to all previous months. This comes as banks prepare to secure goods for Ramadan and for the first quarter of 2026, through letters of credit, transfers, and personal-use allocations. The Bank added that around $2 […]
The legal expert in the oil sector, Othman Al-Hdhiri, wrote:What is the use of holding conferences and seminars that lead nowhere? Many of us may wonder: the Ministry of Oil and the National Oil Corporation repeatedly hold conferences and seminars from time to time, even though these gatherings bring nothing new. They waste public funds—hundreds […]
The economic expert Sulaiman Al-Shahoumi wrote:“Every time the monthly statement of the Central Bank of Libya is released, it becomes an occasion for logical and rational discussion among experts. It is also an opportunity and rich media material to explore and analyze our reality and its causes, as well as the appropriate opinions and solutions […]
The Central Bank of Libya has revealed its correspondence sent to general managers of several oil companies — including Libya Oil Joint Venture, Golden Palm for Oil Services, International Trust for Oil Services, and Alrahila Company — instructing all stations to use electronic payment methods instead of cash transactions. The Bank emphasized the importance of […]
The Central Bank of Libya announced on Thursday that total revenues from January to November of the current year reached 115.3 billion dinars, compared to expenditures of 107.5 billion, resulting in a surplus of 7.9 billion dinars. Meanwhile, the foreign-currency deficit amounted to 7.8 billion dollars, which was covered through returns from the Central Bank’s […]
Utilities Middle East reported that Libya is accelerating reforms and seeking to attract British companies to seize significant opportunities in exporting solar and wind energy to Europe. Libya is intensifying efforts to draw British companies to invest in the renewable energy sector while implementing large-scale solar and wind projects aimed at supplying electricity to Europe. […]
The Ministry of Finance in the Government of National Unity addressed the Customs and Tax Authorities today, Thursday, instructing all directorates, customs centers, and tax offices not to accept the collection of taxes or customs duties exceeding 500 dinars. The ministry clarified that if the mentioned amount is exceeded, it must be collected through a […]
