Libyan affairs expert at the Royal United Services Institute, Jalal Al-Harchaoui, told our source on Sunday that regarding the issue of funding the 2007 French presidential election campaign, Sarkozy has not yet been convicted, as the trial only began two days ago. Al-Harchaoui confirmed to our source that for the Libyan funds to be returned […]
The British newspaper The Independent published a report on Saturday shedding light on a meeting held in Tripoli in 2005. Officially, the meeting between Colonel Muammar Gaddafi and Nicolas Sarkozy—then France’s Minister of the Interior and preparing for his 2007 presidential bid—was to discuss irregular migration. The newspaper reported that an agreement was allegedly reached, […]
Engineer Masoud Shriha, the complainant against the Chairman of the National Oil Corporation (NOC), Farhat Bengdara, stated in an exclusive statement to our source hat the NOC paid $42 million of Libyan public funds to settle the adulterated gasoline case. He added that the company “Lukoil” has a well-documented history of corruption, as confirmed by […]
Lawyer Thuraya Al-Twibi revealed to our source that she has filed a complaint against the Governor of the Central Bank of Libya and the Speaker of the House of Representatives for their refusal to implement two rulings. These rulings mandate the suspension of the decision and the cancellation of the imposition of the foreign currency […]
Our source has obtained a correspondence from the Director of the Banking Supervision and Control Department at the Central Bank of Libya to the general managers of banks. The correspondence concerns the addition and amendment of certain regulations governing foreign exchange transactions as outlined in the referenced circular. These regulations address the purchase of foreign […]
Written by financial expert Khaled Al-Zantouti: “These days, opinions, articles, discussions, and decisions about fuel subsidies, their drawbacks, and ways to address them are abundant. In this context, I say: Ladies and gentlemen, I still insist that our primary problem is smuggling. While I am fully aware that smuggling is a result of subsidies, we […]
Reuters agency reported today, Wednesday, that Spanish company Repsol has resumed oil exploration in Libya after a ten-year stoppage. According to Reuters, the National Oil Corporation said that Repsol has begun drilling a well in the Murzuq Basin, about 12 kilometers from Sharara field, Libya’s largest oil field, according to the agency.
Our source has exclusively obtained a circular from the Central Bank of Libya addressed to commercial banks, instructing them to begin accepting foreign exchange coverage requests through its system starting January 5 for various purposes. The directive emphasized the need for banks to prepare their systems and get ready to accept requests from clients, including […]
