Fawzi Al-Shuwaish, Marketing Director at Jumhouria Bank, told our source that the bank’s marketing department has begun implementing a promotional campaign aimed at expanding the provision of electronic payment services, in line with the instructions of the executive management and directives of the bank’s Board of Directors. Al-Shuwaish explained that the campaign covers various Libyan […]
Hisham Al-Harati, legal advisor for Zaykom Zayna Organization for the Rights of Persons with Disabilities, told our source exclusively: “Although government decisions have long affirmed the right of persons with disabilities to access public buildings and services with ease, the issue remains purely one of implementation.” He added: “In the absence of effective monitoring and […]
Al-Hurra reported on Tuesday that under the scorching sun, many Libyans wait in long lines at fuel stations, sometimes for hours or even days, just to buy a few liters for their cars or home generators. Meanwhile, heavy oil tankers rush on highways toward ports, where smugglers load shipments destined for international markets. The network […]
The French intelligence website Africa Intelligence reported on Tuesday that the Prime Minister of the Government of National Unity, Abdul Hamid Dbeibeh, is once again turning to the American lobbying firm Mercury Public Affairs to reach the White House. The site confirmed that Dbeibeh granted a new contract worth €70,000 per month to the U.S. […]
Our source obtained a correspondence from the Central Bank of Libya to the directors of commercial banks regarding the upcoming end of August, in which the Central Bank announced its support for the “Instant Salary” project aimed at facilitating the direct transfer of government sector employees’ salaries to their beneficiaries. The Central Bank requested that […]
Reuters reported on Tuesday that the American company Honeywell UOP has prepared a feasibility study to expand Libya’s largest oil refinery, as part of a comprehensive plan to develop the country’s oil fields. According to Reuters, the study concluded that developing the Zawiya refinery in northwestern Libya is feasible and could save large sums of […]
The Gulf Times reported on Sunday that Libya’s oil barrels are an integral part of the Mediterranean balance, influencing European profit margins, OPEC cohesion, and Gulf investments in ports, pipelines, and storage facilities. The paper explained that when the governance of the National Oil Corporation appears opaque, it creates risks across a supply chain that […]
Economist Mohamed Abu Snina wrote an article in which he said: Based on the revenue and expenditure statement for the period from January 1, 2025, to July 31, 2025, issued by the Central Bank of Libya, many Facebook pages discussed the announced figures. They focused on what various sectors and institutions had spent over the […]
Financial analyst Khaled Al-Zantouti wrote: While reviewing global stock, bond, and commodity markets this morning, I noticed the significant rise in gold prices over recent years—about 150%—while some global stock markets rose at lower rates, though exceptions exist (for example, the S&P 500 rose roughly 170% over the past ten years). Without diving into detailed […]
Economist Ibrahim Wali wrote an article in which he said: Through memos, articles, videos in newspapers, TV channels, and on social media, the Governor of the Central Bank of Libya has appeared warning and threatening exchange companies, declaring that he will not tolerate violations of legal regulations—which could even lead to the revocation of some […]
The Italian news agency Nova reported on Thursday, citing former Chairman of Assaray Bank for Trade and Investment, Naaman Al-Bouri, that despite Libya’s vast oil resources, the country spends more foreign currency than it earns from oil sales. If the tax system is not restored, the Central Bank of Libya will be forced to devalue […]
Our source obtained exclusively a circular from the Central Bank of Libya to banks regarding the activities conducted by licensed exchange companies and offices in foreign currency transactions. These activities include buying and selling foreign currency with a maximum margin of 7%. Licensed exchange companies and offices are also authorized to process transactions through banks’ […]
Our source has obtained a copy of the Central Bank of Libya’s instructions to commercial banks, permitting national industrial companies operating in Libya—and meeting all legal requirements—to transfer installments of loans obtained from foreign banks or financial institutions. This is conditional on obtaining prior approval from the Banking and Currency Supervision Department for transferring these […]
Exclusive sources told our source that the Minister of Economy in the Government of National Unity, Mohamed Al-Huwaij, decided to transfer part of the ministry’s powers to a committee comprising figures mostly from outside the ministry, noting that these tasks fall within the core work of the Experts Office and the Studies Department at the […]
Economic expert Mohamed Abu Snina wrote in an article: “For years, Libyans have been accustomed to waiting—whether to obtain a commodity or service, to complete a certain procedure, to hear news that affects their interests, or to follow events in the country, including the UN Secretary-General’s envoy briefings to the Security Council, which have become […]
