The International Monetary Fund (IMF) issued on Sunday, 16 November 2025, a concluding statement for the preliminary meetings of the 2026 Article IV consultations, which were held last week with the participation of the Central Bank of Libya (CBL) and relevant entities, including the Ministry of Economy and Trade, the Ministry of Planning, the National […]
The Public Prosecution has requested exclusively Sahara Bank to transfer the approvals for financings granted to entities and the executing party, as well as to provide the allocations schedule, financing steps, decisions forming the bank’s Higher Financing Committee, the bank’s credit policy, and the list of granted financings along with the beneficiary companies. The request […]
Publications by the Office of the Attorney General on its official Facebook page in recent weeks have raised many questions about the involvement of several officials in harming public funds, including illegal financial transfers and embezzlement of public money—behaviors that reflect a lack of responsibility and professional integrity. The reach of corruption was not confined […]
Italian company Next Geosolutions has won a contract worth €8.5 million to collaborate with Italian oil services company Saipem in drilling, construction, and stabilization support activities for the Bouri Gas Field development project. According to the company, under the terms of the contract, Next Geo will be responsible for seabed monitoring operations using remotely operated […]
Financial expert Khaled Al-Zantouti told our source :“I was shocked and deeply saddened by what The Guardian published yesterday (Wednesday), and before that months ago The Financial Times, regarding the issue of Libyan oil smuggling through the so-called Libyan Smuggling Corporation. The report indicated that the value of the smuggled oil amounts to an average […]
Claudio Descalzi, CEO of the Italian energy company Eni, affirmed that the company operates under relatively safe conditions regarding risk management in its projects in Libya. Speaking from Wall Street during an event marking the 30th anniversary of Eni’s listing on the New York Stock Exchange, Descalzi explained that Eni produces gas in Libya, and […]
The British newspaper The Guardian reported on Wednesday that the rise in state-sponsored fuel smuggling between 2022 and 2024 caused the Libyan people to lose around $20 billion (£15 billion) in revenues – a staggering figure that calls for decisive international sanctions against those responsible, according to the most comprehensive report published on the systematic […]
The Central Bank of Libya disclosed that total revenues during the first ten months of 2025 amounted to 103.4 billion dinars, while expenditures reached 95.1 billion dinars, resulting in a surplus of 8.3 billion dinars.Expenditures included: However, the foreign currency deficit reached 6.4 billion U.S. dollars due to the decline in oil revenues. The deficit […]
Professor of Political Economy Mohamed Al-Barghouthi wrote an article in which he stated: “Hardly a day passes without discussion of the successive crises facing the Central Bank of Libya — some new, others long-standing. Yet, at the core of monetary policy, what truly matters to citizens and affects them most are two key crises: cash […]
The Times of Malta revealed on Tuesday that fugitive Jan Marsalek, suspected of involvement in Russian espionage, was named in a civil court dispute in London as the secret financier of a Libyan oil project in 2016 connected to a Maltese company. According to the newspaper, Marsalek’s uncovered role in financing the purchase of three […]
Economic Expert Idris Al-Sharif wrote: “In recent days, cases of financial misconduct and corruption in Libyan banks—revealed by the Office of the Attorney General—have multiplied. I will not repeat what many scholars and specialists have already written about the causes behind the spread of this phenomenon. However, I would like to emphasize that corruption in […]
Professor of Economics at Misrata University, Ali Al-Ghweil, told our source in an exclusive statement that the recent remarks by the Governor of the Central Bank of Libya clearly reflect the fragility of the Libyan economy and its near-total dependence on oil revenues. He pointed out that the Governor’s statements carry important implications, most notably […]
Libyan businessman Hosni Bay told our source exclusively that oil continues to be the lifeblood of Libya’s economy, accounting for around 65% of GDP, 97% of total exports, and 93% of public revenues that fund the state’s growing government expenditures. He explained that Libya’s total public spending in local currency amounts to about 132 billion […]
French newspaper Le Monde reported on Monday that former French President Nicolas Sarkozy is seeking release from prison while appealing a five-year sentence for allegedly conspiring to collect funds from Libya for his election campaign. The court in Paris is scheduled to hear Sarkozy’s request for release pending appeal, weeks after he began serving the […]
Several banks revealed in an exclusive statement to our source that the Central Bank of Libya has settled small traders’ cards up to $50,000, fully covering the months of September, October, and November 2025, according to the banks.
