Jalel Al-Harchaoui, an expert in Libyan affairs at the Royal United Services Institute (RUSI), told our source on Sunday that every three to six months, Libyan officials reiterate the importance of lifting fuel subsidies. For example, in March 2021, Prime Minister Dbeibeh announced the formation of a new committee tasked with implementing this removal, but […]
Written by financial analyst Khaled Al-Zantouti: Once again, the elite and their demand to cancel or replace the subsidy!! To begin with, we are all aware of the negative effects of excessive and unregulated fuel subsidies, and how these can sometimes negatively impact even citizens themselves—through the horrific road accidents we witness daily, and through […]
The Governor of the Central Bank of Libya, Mr. Naji Issa, held a series of important meetings during his recent visit to the United States, on the sidelines of the IMF and World Bank Annual Meetings. One of the key meetings was with J.P. Morgan Bank, marking a strategic step aimed at achieving several goals: […]
The Middle East and North Africa website reported on Thursday that development projects in Libya continue to face obstacles, as the Libyan people struggle with poverty, high unemployment, and economic stagnation. The report stated that UN sanctions on Libya are expected to intensify, while Libyan officials refrain from fully demanding the unfreezing of Libyan assets […]
Sada Economic has obtained a decision from the Chairman of the Board of the General Electricity Company stating that the electricity rate during the summer peak hours — from 1 PM to midnight — will be set at 1 Libyan dinar per kilowatt-hour, while the rest of the day will be charged at 500 dirhams […]
Al-Sada Economic has exclusively obtained the Government of National Unity’s decision to register all lands and housing site locations — that have been transferred to it under existing legislation — in the name of the National Program for Housing and Real Estate Development, as well as all project sites managed by the program in accordance […]
Our source from the Central Bank of Libya revealed that the Bank’s battle with major traders has reached a breaking point, as Governor Nagy Issa has dealt a series of successive blows to currency dealers, inflicting heavy losses. As a result, some affected parties have launched media attacks and smear campaigns against the Bank and […]
The French intelligence website Africa Intelligence revealed on Thursday that the American consulting firm K2 Integrity will be auditing the payments of the Central Bank of Libya. The French website confirmed that, under pressure from Washington, the Central Bank of Libya sought the services of K2 Integrity to oversee money transfers and help combat corruption.
Our exclusive sources told that the Central Bank of Libya is set to withdraw the 5-dinar note from the sixth issuance and the 20-dinar notes from older issues. The Central Bank will also impose a commission on large deposit amounts from these denominations after a grace period, which will be determined at a later date. […]
Our source has exclusively obtained a circular from the Central Bank of Libya instructing commercial banks to continue operations on Friday and Saturday. This measure is intended to give bank customers the opportunity to deposit 50-dinar banknotes, with the final deadline set for April 30.
The oil-focused website Oil Price reported on Tuesday that the Libyan dinar has dropped to its lowest level ever, driven by a sharp decline in oil revenues and escalating political unrest. The Central Bank of Libya devalued the currency by 13.3% on April 6, setting the official exchange rate at 5.5677 dinars per US dollar […]
The Middle East Economic Survey (MEES) newspaper published a report covering the discussions that took place during the launch of the exploration bidding rounds in both London and Houston, highlighting various aspects related to the National Oil Corporation (NOC). Changes in Agreements Engineer Masoud Ashour Shreeha stated to our source that the newspaper addressed the […]
Our source at the Central Bank of Libya confirmed exclusively that the Banking Operations Department has officially started transferring April 2025 salaries today, Monday, April 21, 2025. The salaries are being transferred to public sector institutions across the country. This move is part of the Central Bank’s ongoing efforts to ensure timely salary disbursement for […]
According to French intelligence website Africa Intelligence, Belqasim Haftar, Director of Libya’s Reconstruction and Development Fund and son of Field Marshal Khalifa Haftar, is on his way to Washington D.C. this week for a series of key economic discussions. The main objective of the visit, as per the report, is to attract American companies to […]
Noaman Al-Bouri, a shareholder in Al-Saray Bank for Trade and Investment (ATIB), extended his sincere congratulations to the bank’s newly appointed board of directors, expressing strong confidence in their ability to lead the institution toward greater progress, innovation, and institutional excellence. Speaking to our source, Al-Bouri said:“As a shareholder in the bank, I’m pleased to […]
