The French intelligence site Africa Intelligence reported on Friday that Washington is retracting its financial aid to several countries, including Libya. The site confirmed that with the dismantling of the U.S. Agency for International Development (USAID), the United States has effectively torn up its commitments to provide development aid. However, cooperation on security issues is […]
Economic expert Saber Al-Wahsh exclusively told our source about the Central Bank of Libya’s recent statement, describing the figures in the report on revenues and expenditures from January 1, 2025, to February 28, 2025, as concerning. He added that total foreign currency revenues amounted to 3.6 billion USD, while expenditures were 6.1 billion USD, resulting […]
The Central Bank of Libya has released its report on revenues and expenditures from the beginning of 2025 until February 28, revealing total revenues of 18 billion LYD and expenditures of 8.4 billion LYD. Revenues include 14.0 billion LYD from oil sales, 3.7 billion LYD from oil royalties, 41.1 million LYD from taxes, 12.5 million […]
A number of business owners affected by the previous embezzlement incident at Wahda Bank have spoken to our source, complaining about the continued freezing of their accounts with no response from the bank. The company owners stated: “We sold goods, and the payments were deposited into our accounts through official and legitimate procedures at Wahda […]
The French intelligence website Africa Intelligence reported on Wednesday that the French company Amarante International has been expelled from Libya until further notice. According to the report, the company was ordered to leave after the Financial Oversight Authority launched an investigation into its operations. The company is accused of failing to comply with legal requirements […]
Financial expert Khaled Al-Zantouti has written an article titled Our Commercial Banks, Their Mysterious Identity, and Their Lost Role in the National Economy. He reiterates the crucial role of commercial banks in driving economic growth and establishing sustainable development to build a strong national economy. Without delving into theoretical concepts, it is widely understood that […]
Our source has exclusively obtained a letter from the Deputy Head of the Libyan Audit Bureau, Atiyat-Allah Abdulkarim, to the Bureau’s President, criticizing a news post on the Bureau’s page that claimed an achievement of saving 2 billion dinars through the prior review of nearly 700 contracts. He described this claim as a deceptive achievement. […]
The Minister of Oil and Gas in the Government of National Unity, Mohamed Aoun, spoke exclusively to our source regarding the National Oil Corporation’s program for announcing the launch of the general exploration bid round on March 3, 2025. Aoun stated: “As the legitimate Minister of Oil and Gas, since assuming office on March 15, […]
Our source from the Islamic Call Society revealed that the administration committee, led by Saleh Al-Fakhri, has processed the payment of three months’ overdue salaries for all society employees. The source confirmed that following the recent decision by the House of Representatives, along with judicial rulings and official communications, the country’s sovereign institutions now recognize […]
Our source has exclusively obtained a letter from the Deputy of the Audit Bureau, Atiyat-Allah Abdulkarim, addressed to the Bureau’s President. The letter refers to a correspondence from the Director of the General Administration of Financial Affairs at the Bureau, which transferred 455,041 thousand dinars to the account of the Libyan Embassy in Cameroon to […]
Our source has exclusively obtained a decision from the Government of National Unity regarding the establishment of the National Housing and Real Estate Development Program. The program will have independent legal and financial status, with its headquarters in Tripoli, and will operate under the authority of the Council of Ministers. According to the decision, the […]
Our source has obtained the 2025 decision of Al-Madar’s Board of Directors regarding the dismissal of an employee from his position. The board has decided to relieve Mohammed Al-Bdiri, the Director of the company’s Media Office, from his duties.
Our source has exclusively obtained a letter from the Acting Chairman of the National Oil Corporation, Masoud Suleiman, inviting attendance at the 2025 Oil Exploration Bidding Round of the Libyan National Oil Corporation. The event is set to take place at Rixos Hotel in Tripoli on Monday, March 3, 2025. This comes despite a previous […]
Our Central Bank of Libya (CBL) source confirmed that Governor Naji Issa has issued directives to commercial banks and their branches in Al-Asabi‘ah to increase cash availability and raise withdrawal limits. The move aligns with the CBL’s commitment to ensuring liquidity and providing necessary banking facilities to support citizens amid the difficult conditions in the […]
Exclusive sources have disclosed to our source that Sahara Bank has signed a contract with a Lebanese company to supply checkbooks worth $1.6 million through a bank transfer. The contract was formalized on Wednesday, January 22, 2025, in Tripoli between Sahara Bank, a Libyan joint-stock company headquartered on Jakarta Street, Tripoli—represented by its General Manager […]
