Our source has exclusively obtained a circular from the Government of National Unity, issued by Prime Minister Abdul Hamid Dbeibeh, directing public entities to implement the recently approved Startup Regulation Framework. The government clarified that this decision applies to companies established under the startup classification, addressing matters such as registration, licensing, and operational regulations. It […]
The Central Bank of Libya exclusively revealed to our source that it has dispatched an additional 60 million dinars to its Sebha branch to support the bank’s reserves and commercial bank branches in the southern region. This move aligns with the CBL’s strategic plan and follows the directives of Governor Naji Mohammed Issa and Deputy […]
Murzuq’s Economy and Trade Monitor, Saleh Ali Ahmed, told our source: “In an effort to provide essential food supplies at affordable prices, the Libyan Government’s Ministry of Economy and Trade and the Price Stabilization Fund, under the directives of the General Commander of the Armed Forces, have ensured the delivery of essential food items to […]
The Turkish newspaper Daily Sabah reported on Tuesday that several Arab and international newspapers have cited a United Nations report implicitly accusing Saddam Haftar, son of Khalifa Haftar, commander of the armed forces in eastern Libya, of “smuggling” oil through a private company involved in crude oil sales. According to the Turkish newspaper, a Libyan […]
A legal report published by The International Comparative Legal Guides revealed that the British Court of Appeal has rejected Libya’s appeal against the enforcement of an international arbitration award in favor of a British defense company. This ruling opens the door for the decision to be executed after nearly a decade-long dispute. The report explained […]
Independent Arabia reported that concerns are growing over Libya’s transformation from a donor state to a debtor nation, especially after it ranked 129th on the 2025 external debt list. According to Global Firepower, which specializes in tracking external debt, Libya’s debt has reached $3.322 billion, as published in mid-February. According to the newspaper, economic experts […]
The French intelligence website Africa Intelligence reported on Saturday that a European airline is in negotiations to sell commercial aircraft to Buraq Airlines. The website confirmed that the European aircraft manufacturer is holding discussions with Buraq Airlines and is also negotiating maintenance contracts for aircraft it recently sold to other Libyan airlines.
The Russian news agency RIA Novosti reported on Saturday that Russia has extended its gasoline export ban for six months starting in March, with exceptions for producers. According to the agency, major oil companies are currently allowed to export gasoline, but traders and resellers remain prohibited under a measure implemented last March. The ban excludes […]
The African Energy website reported on Friday that the catastrophic decline in Libya’s oil revenue transferred to the state treasury threatens the country’s economic stability. According to African Energy’s analysis of recently released data, uneconomical barter deals, smuggling, mismanagement, and corruption have cost the country tens of billions of dollars over the past three years.
Our source has exclusively obtained a letter from Osama Al-Tir, Director of the Office of the Head of the Audit Bureau and Chairman of the Hajj Committee, summoning Sabri Al-Bouaishi, Deputy Chairman of the General Authority for Hajj and Umrah. It is worth mentioning that this year’s Hajj lottery has sparked significant public reaction in […]
Anas Ashnibish wrote an article in which he stated: First: What Are Sovereign Wealth Funds? Sovereign wealth funds (SWFs) are state-owned investment funds managed by governments to achieve economic stability and promote sustainable development. These funds are typically financed through public revenue surpluses, such as oil revenues, trade surpluses, or foreign currency reserves. SWFs serve […]
Our source has exclusively obtained a letter from the Acting Chairman of the National Oil Corporation, Masoud Suleiman, addressed to companies and entities affiliated with the NOC regarding regulations governing the secondment of employees for external work assignments. The letter stipulates that work assignments must be directly related to an ongoing project, supply contract, or […]
Shipping records and UN experts have revealed that an oil company based in eastern Libya has exported at least $600 million worth of crude since May, marking the end of the National Oil Corporation’s monopoly on exports. According to Reuters, the shipments were made by Arkino Oil, a little-known company established in 2023. These are […]
Our source has exclusively obtained a letter from Masoud Suleiman, the Acting Head of the National Oil Corporation, addressed to the companies and entities under the institution regarding regulations for dispatching their employees on external assignments. The letter stipulates that the assignment must be directly related to an ongoing project, supply contract, or service provision […]
The French intelligence website, Africa Intelligence, reported today, Sunday, that the National Oil Corporation is seeking to regain major oil companies through a massive tender. The site added that the National Corporation hopes to attract foreign investors to explore and operate 22 new oil concessions, but political instability could be a reason for the project’s […]
