Tripoli activists issued a statement regarding what was presented in the House of Representatives session held on June 3, 2025, stating:“We followed the House of Representatives session in which some members attempted to pass a budget that exceeds the value of revenues, at a time when oil prices—Libya’s main source of income—are declining.” They also […]
The economic expert Mohamed Al-Safi writes: A lost decade of Libyan economic policy. Since 2014, the Libyan economy has faced a prolonged period of contraction and instability—what I refer to here as a “lost decade” in Libya’s economic history. Libya has been severely impacted by political division, armed conflict, and unsustainable fiscal policies, which together […]
Oil analyst Engineer Masoud Shriha analyzed the relationship between the US dollar exchange rate and the Libyan dinar through oil marketing operations, presenting an unstable future outlook for Libya’s economy under the current administration of the National Oil Corporation. In a statement, Shriha indicated that the average oil price in 2024 was around $80 per […]
Our responsible source at the Central Bank of Libya, quoting the Governor of the Central Bank, revealed: “The Governor has not officially confirmed his intention to resign, nor has he denied it.” He continued: “Three sentences — the people must defend their rights before paying the price, and slogans like “Down with the Central Bank,” […]
Our source at the Central Bank of Libya revealed exclusively saying: “If the House of Representatives does not realize the gravity of its decisions regarding controlling public spending and does not respond to the Central Bank’s distress call to save the national economy.” The source also added that the value of the currency will plunge […]
The French intelligence website Africa Intelligence reported on Sunday that the National Oil Corporation is facing a buildup of unpaid invoices. According to the site, fuel import payments have been suspended, and the situation risks becoming critical, as the Central Bank of Libya has yet to reach an agreement with the concerned committee on a […]
A confidential source at the Central Bank of Libya exclusively revealed the liquidity distribution plan is proceeding as required and will cover the needs of banks and citizens. The source added: “There was some disruption due to security conditions in Tripoli, including the withdrawal of security personnel from the Central Bank and bank branches, which […]
Our source has obtained the decision of the Prime Minister of the Government of National Unity appointing Ali Al-Abed to carry out the duties of Minister of Education, replacing Musa Al-Maqrif, who is currently under a detention order. Additionally, exclusive oil sector sources revealed to our source that Al-Abed has also been assigned today to […]
The American news agency Bloomberg reported on Thursday, citing the Libyan government in the east of the country, that oil production and exports may be halted in protest against the storming of the National Oil Corporation’s headquarters by armed groups allied with the Government of National Unity. According to Bloomberg, repeated attacks on the National […]
Libya is preparing to celebrate the “National Information Technology Day” on June 1, 2025, under the central theme:“IT Leaders… The Driving Force for Change and Innovation, Towards Building Libya’s Future in the Technological Worlds.” This celebration, which will include more than 30 diverse events across over 22 Libyan cities, crowns efforts aimed at strengthening the […]
The Central Bank of Libya confirmed to our source that liquidity is available, and that shipments of cash continue to arrive successively at its issuance departments. The Bank explained that it is working in coordination with all commercial banks to supply their branches across all regions and cities of Libya with the required cash through […]
Financial expert Khaled Al-Zantouti wrote an article in which he said: “Major global, political, and economic changes are sweeping across the world today, and they are likely to cause a severe economic imbalance in rentier states that rely on a single source of income—crude oil. The impact may be limited for some major oil-producing countries […]
Wael Al-Saghir, Chairman of Arrageeb Libyan Consumer Protection Organization, authored an article in which he stated: Libya has witnessed a worrying rise in cancer rates in recent years, posing significant challenges to both the health and economic sectors of the country. This surge is attributed to overlapping factors linked to the environment, lifestyle, healthcare infrastructure, […]
OPEC reports indicate that Libya’s oil production stood at 1.26 million barrels per day, marking a decrease of 10,000 barrels per day compared to March, when production reached 1.27 million barrels per day. Masoud Shriha, the plaintiff in the case against Farhat Bengdara, Chairman of the National Oil Corporation, told Sada Economic exclusively that OPEC […]
The Central Bank of Libya exclusively confirmed to our source that, following Jumhouria Bank, other banks have committed violations by deducting commissions from customers without justification. It added that these banks will be punished, the deducted commissions will be refunded to the customers, and their management will be suspended.
