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 […]
Jalel Harchaoui, a Libya expert at the Royal United Services Institute, told our source on Thursday that the UN Panel of Experts on Libya has confirmed the involvement of Saddam Haftar in the private oil services company ARNCO, headquartered in Benghazi. According to Harchaoui, the UN panel considers Saddam Haftar a source of concern, emphasizing […]
Our source has obtained a correspondence from the Central Bank of Libya regarding its instructions to banks, emphasizing the need to pay special attention to their branches in the southern region. The instructions also include expanding the issuance of electronic cards, doubling the number of point-of-sale (POS) terminals, and increasing the number of ATMs. This […]
Our source has obtained a communication from the Central Bank of Libya to commercial banks, requesting them to take the necessary measures to ensure that no amounts are deducted from the wife and children’s grant, in accordance with the communication from the grant management at the Ministry of Social Affairs. This comes in response to […]
The Central Bank of Libya exclusively revealed to our source that the new cash liquidity shipment has arrived at the bank’s headquarters. This is to be placed in the issuance department’s safes in preparation for distribution according to the plan approved by the Governor.
In an exclusive interview with our source, the head of the Libyan Technology Institution, Amine Salih, clarified several important details regarding the telecommunications sector: 1- Could you tell us about the Libyan Technology Institution and what role it plays in Libya? The Libyan Technology Institution is a community-based organization that strives to work in harmony […]
Our source has exclusively obtained a letter from the Director of the Wife and Children’s Grant Department at the Ministry of Social Affairs of the National Unity Government to the Central Bank of Libya. The letter urges the Central Bank to instruct commercial banks not to deduct any amounts from the wife and children’s grant.
Our source has exclusively obtained a communication from the Deputy Prosecutor at the Attorney General’s Office to the Chairman of the National Oil Corporation, requesting action regarding the summons of Miftah Qaratem, Director of the Engineering Department at Waha Oil Company, to appear in person for an investigation session at the Attorney General’s Office. The […]
Our source has exclusively obtained a letter from the Acting Chairman of the National Oil Corporation addressed to the Chairman of Akakus Oil Company. The letter confirms the temporary appointment of Ashraf Maatoug as a member of the Financial, Administrative, and Services Management Committee until further notice.
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 […]
