Our source has exclusively obtained a copy of Prime Minister of the Government of National Unity’s Circular No. 5 for 2024, issued on December 31, 2024. The circular stipulates several measures aimed at controlling public expenditures. It mandates the halt of vehicle purchases and the suspension of new appointments, except with the direct approval of […]
Our source from the oil sector revealed that the protest movement in the Oil Crescent region decided to temporarily suspend the closure of oil ports. This decision followed communication with the Chairman of the National Oil Corporation, Engineer Masoud Suleiman, during a phone call on January 28, 2025. As a result of this call, the […]
Economic expert Mohamed Al-Safi exclusively told our source regarding the closure of oil fields: “It’s truly a regretful development that further complicates the situation. The Central Bank is already struggling to counter excessive demand for dollars.” He added: “The oil closures, which will result in a drop in revenues, will reduce the Central Bank’s capacity […]
The American news agency Bloomberg reported today, Tuesday, that oil loading operations at Libya’s major ports have stopped due to protests, disrupting about one-third of oil exports. This highlights the risks to global supplies stemming from ongoing tensions in Libya. According to Bloomberg, two individuals familiar with the situation stated that the shutdown began on […]
Our source at the Central Bank of Libya revealed that it has begun accepting applications for licensing financial leasing activities as of Sunday, January 26, through its official website. This step comes after issuing regulations governing contracts in the sector, as part of the bank’s efforts to stimulate economic growth.
Anas Ashnibish, in a statement to our source, discussed the recent calls to reduce global oil prices, including direct appeals to OPEC by the leader of a nation with the highest oil production globally. Ashnibishwarned that, if these measures are implemented as urgently as proposed, the repercussions on Libya’s economy and financial stability in 2025 […]
Legal advisor Hisham Al-Harati spoke exclusively to our source, expressing frustration over the prolonged delays in the Ain Zara Road expansion project. He stated: “The continued neglect and procrastination in executing contracts for critical projects, especially the Ain Zara Road expansion, which has been stalled for over three years, represent a blatant disregard for citizens’ […]
Economic expert Mondher Al-Shahoumi suggested to Independent Arabia that Libyans should be allowed to purchase shares in investment funds to earn profitable returns. He explained: “I propose enabling Libyans to buy shares in these funds and secure attractive returns. Libya possesses immense economic potential that can drive sustainable development and diversify income sources, despite the […]
North Africa Bank announced the introduction of a range of innovative financial products designed to enhance convenience and flexibility in daily transactions. Credit Payment Service The bank has unveiled a new service allowing customers to access a credit limit of up to 60% of their monthly salary. This service aims to help customers meet urgent […]
The Central Bank of Libya exclusively disclosed to our source that moments ago, it dispatched a new cash shipment. The shipment departed from Mitiga Airport in Tripoli, heading to Kufra City Airport, carrying 20 million dinars. Of this amount, 7 million is allocated to support branches of Jumhouria Bank, 5 million to North Africa Bank, […]
The Central Bank of Libya exclusively revealed to our source that it continues to implement its planned strategy to ensure cash liquidity. Under the directives of Mr. Naji Mohamed Issa, Governor of the Central Bank of Libya, and his deputy, the Central Bank this morning dispatched a new cash shipment. The shipment departed from Mitiga […]
Our exclusive source in the banking sector revealed: “We have received news that the efforts of the Governor of the Central Bank of Libya are gradually bearing fruit, with positive indicators continuing to rise.” The source added: “The National Oil Corporation has started to respond and transfer oil revenues almost regularly. This will enhance the […]
Journalist Tarek Bridaa wrote an article titled: “Why Does the Minister of Economy and Trade Avoid Enforcing the Price Monitoring Decision? The policies of the Minister of Economy and Trade, Mohamed Al-Huwaij, raise numerous questions about the delays in issuing and enforcing the price monitoring decision, despite the severe economic challenges faced by Libyan citizens. […]
The Regional Spokesperson for the U.S. State Department, Samuel Werberg, made an exclusive statement to our source today, Wednesday. He said: “We are awaiting the new U.S. administration to clarify its foreign policy regarding Libya, particularly in the oil and economic sectors.” Werberg confirmed to our source that once the new U.S. administration is operational, […]
The Central Bank of Libya exclusively revealed to our source that it has dispatched an additional cash shipment worth 60 million dinars to support the reserves of its branch in Sabha. This initiative is part of the Central Bank’s plan to ensure cash availability, in line with the directives of the Governor of the Central […]
