Travelandtourworld website revealed that the authorities in Libya, North Africa, have jointly decided to implement a bold plan to develop the civil aviation sector, a move that could be decisive in reviving tourism and travel in the country. The founding committee meeting of the Libyan Aviation Holding Company (LAHC), chaired by the Minister of Transport […]
During the Banking Sector Forum, the Governor of the Central Bank of Libya launched three strategic initiatives, including the formation of a national advisory team for financial and economic reform made up of Libyan banking experts. This team will operate under the Governor’s direct supervision to provide technical advice and shape future financial and economic […]
The Central Bank of Libya revealed exclusively to our source that December has recorded the highest foreign currency sales compared to all previous months. This comes as banks prepare to secure goods for Ramadan and for the first quarter of 2026, through letters of credit, transfers, and personal-use allocations. The Bank added that around $2 […]
The legal expert in the oil sector, Othman Al-Hdhiri, wrote:What is the use of holding conferences and seminars that lead nowhere? Many of us may wonder: the Ministry of Oil and the National Oil Corporation repeatedly hold conferences and seminars from time to time, even though these gatherings bring nothing new. They waste public funds—hundreds […]
The economic expert Sulaiman Al-Shahoumi wrote:“Every time the monthly statement of the Central Bank of Libya is released, it becomes an occasion for logical and rational discussion among experts. It is also an opportunity and rich media material to explore and analyze our reality and its causes, as well as the appropriate opinions and solutions […]
The Central Bank of Libya has revealed its correspondence sent to general managers of several oil companies — including Libya Oil Joint Venture, Golden Palm for Oil Services, International Trust for Oil Services, and Alrahila Company — instructing all stations to use electronic payment methods instead of cash transactions. The Bank emphasized the importance of […]
The Central Bank of Libya announced on Thursday that total revenues from January to November of the current year reached 115.3 billion dinars, compared to expenditures of 107.5 billion, resulting in a surplus of 7.9 billion dinars. Meanwhile, the foreign-currency deficit amounted to 7.8 billion dollars, which was covered through returns from the Central Bank’s […]
Utilities Middle East reported that Libya is accelerating reforms and seeking to attract British companies to seize significant opportunities in exporting solar and wind energy to Europe. Libya is intensifying efforts to draw British companies to invest in the renewable energy sector while implementing large-scale solar and wind projects aimed at supplying electricity to Europe. […]
The Ministry of Finance in the Government of National Unity addressed the Customs and Tax Authorities today, Thursday, instructing all directorates, customs centers, and tax offices not to accept the collection of taxes or customs duties exceeding 500 dinars. The ministry clarified that if the mentioned amount is exceeded, it must be collected through a […]
Our source has exclusively obtained the Administrative Control Authority’s correspondence regarding the immediate implementation of a circular to stop the procedures of companies that do not accept electronic payment transactions. It also addressed the Misurata Free Zone Port Authority and Customs Center, instructing them to suspend all procedures related to Modern Tolmeitha Shipping Agencies until […]
The Central Bank of Libya confirmed exclusively to our source that cash will be available in all branches of commercial banks starting from December 14. It added that today it completed the transfer of November salaries to their recipients through the instant salary system, and that salaries for the remaining sectors will be transferred through […]
Written by financial analyst Khaled Al-Zantouti: “When a nation’s resources are sold for meager gains to rival local factions. News occasionally emerges about our governments and executive bodies forming partnerships with foreign parties, creating new companies, signing agreements or trade treaties, or awarding contracts to foreign firms—sometimes worth hundreds of millions or even billions. These […]
Written by political economy professor Mohamed Al-Barghouthi: “A drop in the dollar doesn’t mean the economy is improving. Many believe that a falling dollar or a stable exchange rate is a clear indicator of economic improvement. But simple economic reality shows that the exchange rate is a result, not a cause, and cannot be considered […]
The Central Bank of Libya revealed exclusively to our source that after injecting $1.5 billion for letters of credit today, it will settle the remaining value of merchant and personal-use cards amounting to $400 million. The Central Bank had stated to Sada yesterday evening that more than $1.5 billion was sold to banks to cover […]
Written by Advisor Mustafa Al-Manea: The revival of the aviation sector Libya is witnessing a strategic transformation in one of the sectors most capable of creating economic value and attracting investment, as the Government of National Unity announces the establishment of a national holding aviation company. This company is to be built on a modern […]
