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 […]
The International Monetary Fund (IMF) revealed on Wednesday that Libya’s economy is expected to record the fastest growth rate in the region this year, at 14.3 percent, according to the Arab Economic Outlook Report issued this week by the Arab Monetary Fund. The IMF confirmed that growth is projected to slow to 5.9% in 2026, […]
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 […]
Our source has exclusively obtained a circular from the Central Bank of Libya addressed to banks, permitting holders of foreign currency bank accounts—individuals and entities—to deposit cash into these accounts up to an amount of $10,000 (ten thousand U.S. dollars) or its equivalent in other foreign currencies. According to the circular, if the amount to […]
The French magazine Jeune Afrique reported on Sunday that U.S. President Donald Trump is focusing on Libya’s oil and gas sector as part of his broader “African Resources Diplomacy” strategy, which is based on the principle of trade rather than aid. The report noted that after prioritizing rare and strategic minerals in other African countries, […]
The Director of the Media Office at Brega Petroleum Marketing Company, Ezzeddin Saeed, revealed to our source exclusively: “3 million liters were supplied to the Tripoli Central area, in addition to supplying 75 fuel stations within Tripoli yesterday, Friday.” Saeed continued: “The allocations for Saturday, amounting to 7.8 million liters, began to be implemented for […]
The legal expert in the field of oil, Othman Al-Hudairi, told our source newspaper exclusively:The fuel crisis in Libya is chronic and worsening day by day, with car queues stretching for kilometers like prayer beads in front of fuel stations across the country. It is one of the most prominent crises affecting the daily life […]
