Legal advisor Hisham Al-Harati stated exclusively to our source:“In light of reports regarding the arrest of Oil Minister Mohamed Aoun, we emphasize the need for authorities to adhere to legal principles and individual rights in all procedures related to this case. While the concerned bodies have the right to take appropriate legal measures, such actions […]
The economic affairs observer Rafi Al-Shawesh wrote: “The project to digitize state sectors and link them through an integrated network, aiming to improve the quality of services provided to citizens, is a massive national project and one of the strategic pillars for transitioning to a smart government. However, despite the massive investments spent on it—estimated […]
Our official source from the Central Bank of Libya stated exclusively that liquidity has been distributed to banks to cover the salaries of August, along with promoting electronic payment services. He confirmed that there is a stock of liquidity and no concerns. According to the source, this measure is only to avoid replacing withdrawn old […]
The financial analyst Khaled Al-Zantouti wrote an article in which he said: In recent days, I have been struck by what some social media platforms and media outlets are publishing—numerous debates and discussions about whether or not to float the Libyan dinar. I see this as nothing more than a kind of theoretical and rhetorical […]
The Minister of Oil and Gas, Mohamed Aoun, commented toour source on the letter of the Acting Chairman of the National Oil Corporation to the Prime Minister of the Government of National Unity regarding his request to redevelop Block NC7 in the Hamada field. He clarified that the letter is addressed directly to the Prime […]
The American agency Bloomberg reported that India turned to the spot market to secure oil shipments amid Washington’s efforts to halt the flow of Russian crude to the country. Bloomberg pointed out that a key index in the oil market, widely used to measure the strength of Middle Eastern crude against global Brent, showed that […]
The Central Bank of Libya revealed exclusively to our source that it has begun selling foreign currency to commercial banks, in line with the announcement made yesterday. The Central Bank added: “It is expected that the full amount will be injected today, Monday, along with the start of granting new letters of credit approvals to […]
The American website “The Maritime Executive” stated on Monday that it is likely a sharp debate will arise over the Turkish-Libyan agreement on the issue of oil exploration, and it is possible that some of those who strongly opposed the division at the beginning may have now changed their positions, believing that the potential economic […]
Our source has obtained exclusively a correspondence from the Central Bank of Libya to commercial banks. The Central Bank instructed bank managers to temporarily halt granting direct or indirect financing to legal entities in both the public and private sectors. It also emphasized adherence to the maximum limit on the overall expansion of the credit […]
Economic affairs commentator Rafi’ Al-Shaawesh wrote that the failure of the Libyan state to recover economically and developmentally after the February events lies in several factors, the most prominent of which are: He noted that there is a significant structural and practical gap among the following key specializations and theoretical orientations: He emphasized that the […]
Economic expert Idris Al-Sharif wrote that as long as the Central Bank remains the sole monopolistic source of selling foreign currency in the market, and since the Libyan economy is one-sided, relying on a single export commodity sold in dollars, there is no suitable method for determining the exchange rate other than the (fixed exchange […]
The Central Bank of Libya revealed exclusively to our source that tomorrow, Monday, September 1st, will see the coverage of letters of credit worth $1.5 billion, in addition to $400 million allocated for personal purposes. The Central Bank added that their value will be paid to commercial banks.
On Thursday, MBN’s Al-Hurra published a report stating that in a small side street in Benghazi, among concrete buildings, the story of a mysterious company called Arkenu began. Within just months of its founding in 2023, this unknown startup transformed into a giant, winning multimillion-dollar contracts, exporting crude oil to global markets, and challenging the […]
Al-Manea: SWFI Ranking Reveals the Compass of the Global EconomyWritten by Advisor Mostafa Al-Manea: SWFI Ranking Reveals the Compass of the Global Economy The Sovereign Wealth Fund Institute (SWFI), headquartered in Las Vegas, USA, has released its latest rankings of the world’s largest central banks by asset size, shedding light on the balance of economic […]
Our special source revealed that on August 11, with the stroke of a pen, the Government of National Unity’s Council of Ministers allocated nearly eleven million Libyan dinars from state funds. The decision, numbered 566, appeared at first glance to be a routine administrative measure: “Settlement of debts owed by the Presidential Council to the […]
