News Archive

The European-based “Atlantic Council” reported on Wednesday that Libya’s crisis has shifted from a fragile stagnation to outright collapse. The situation is now visibly deteriorating, with financial figures becoming undeniable and consequences increasingly imminent. The site pointed out that for several months, economists and analysts have warned of this trajectory — their forecasts weren’t based […]

Our source has obtained the Central Bank of Libya’s instructions to banks regarding the launch of unrestricted Mudarabah deposit certificates, which are intended to invest customers’ balances in investment accounts at Libyan banks. These certificates, issued by the Central Bank of Libya to commercial banks, carry an expected annual return of 5.5% for the banks. […]

The French website Africa Energy reported on Monday that Libya is renegotiating a controversial oil export agreement in an attempt to stop the financial crisis. The website stated that the Government of National Unity may seek to renegotiate controversial and unfavorable deals, such as the production-sharing agreement between the National Oil Corporation and Arcano Oil, […]

Belqasim Haftar, Director General of the Libya Development and Reconstruction Fund, affirmed in an exclusive interview with the Italian agency that Italy and the European Union are strategic partners for Libya, and their support is essential to ensure development and reconstruction that benefits the entire region. He emphasized the importance of tangible commitment from international […]

Mr. Anas Ashnibeesh wrote: In a quiet scene reminiscent of spy films, and away from the media spotlight focused on market noise, a financial revolution is unfolding—one that could change the rules of the game for decades to come. This time, it’s not from Wall Street, but from the heart of Beijing, where the digital […]

Our source has exclusively obtained the decision issued by the Head of the Libyan Audit Bureau, Khaled Shakshak, regarding the suspension of Saad Al-Din Al-Zaidi, in his capacity as Director of the Financial Department for the Western and Southern Regions at Brega Petroleum Marketing Company, and Mohamed Mansour Al-Fallah, Director of the Services Department at […]

When we speak of corruption—whether within a kleptocratic, oligarchic, or any other system—it encompasses both administrative and financial corruption. In fact, financial corruption is often the consequence of administrative corruption. The more deficient an administrative system is in its regulatory tools—especially law enforcement, justice, and accountability—the more widespread financial corruption becomes. It’s evident that Libya […]

Democratic Party member Ihsan Al-Khatib told our source on Monday that the reason behind the cancellation of Libyan students’ visas is the current situation in Libya, as U.S. authorities require comprehensive identity verification procedures. Al-Khatib added that the decision to impose customs duties on several countries, including Libya, depends on the volume of exports. However, […]

Our responsible source at the Central Bank confirmed exclusively that the Governor had informed the Speaker of the House of Representatives days ago that he would be traveling on an official mission, with a pre-scheduled meeting attended by his deputy, Central Bank directors in Tripoli and Benghazi, and representatives from Libyan ministries, agencies, and institutions, […]

Our source contacted the official spokesperson for the Customs Authority, Fahmi Al-Maqouri, who stated that a trilateral meeting between the Libyan and Tunisian Customs Authorities is set to be held soon in Tripoli next Wednesday, at the headquarters of the General Administration of the Customs Authority, with the participation of a delegation from Algeria and […]

Libyan businessman Hosni Bey told our source that the failure of states and their economies generally stems from distortions caused by public spending policies. He continued, saying the primary drivers of failure and distortions are: According to Hosni Bey, the Central Bank of Libya possesses all the necessary tools to achieve its core objectives. The […]

The Governor of the Central Bank of Libya intends to launch a series of reforms that began unfolding two days ago. These reforms aim to strengthen the value of the Libyan dinar, preserve reserves, ensure financial sustainability, and secure the desired economic stability. Among the measures is the issuance of new instructions regarding the adjustment […]

The Central Bank of Libya told our source exclusively: “The Governor of the Central Bank of Libya will present a memorandum that includes a reform plan for the economic situation aimed at increasing the value of the Libyan dinar.” The Central Bank stated: “If the reforms are approved and implemented within a maximum period of […]

Counselor Mustafa Al-Mana’a wrote: Unveiling Prosperity – Mechanisms for Wealth Sharing to Achieve Peace and Equitable Growth in the Middle East and North Africa A reading into the World Bank’s report issued this week – April 2025 In April 2025, the World Bank issued an analytical report titled “Unveiling Prosperity: Mechanisms for Wealth Sharing for […]