An economic report published by Business Insider shed light on the major oil discoveries recently announced by the National Oil Corporation in Tripoli, describing them as a clear sign of renewed activity within Libya’s oil sector after a period of decline and instability. The report explained that the NOC’s announcement of these discoveries reflects growing […]
Professor of Political Economy Mohamed Al-Barghouti stated exclusively to our source that the recent remarks by the Governor of the Central Bank of Libya reflect the Libyan economic reality as it is — not as we wish or imagine it to be. He explained that Libya’s economy remains almost entirely dependent on oil revenues, making […]
An economic report published by Energy Capital & Power highlighted what it described as the current renaissance in Libya’s energy sector.The report confirmed that major European and international oil companies have anticipated the Libya Energy & Economic Summit 2026, scheduled to be held in Tripoli on January 24, 25, and 26, by announcing their investment […]
Several banks exclusively revealed to our source that the Central Bank of Libya continues to sell foreign currency. They also confirmed that the bank is proceeding with the sale of frozen personal purposes until November 6, according to the banks.
Turkish Minister of Energy and Natural Resources, Alparslan Bayraktar, confirmed on Sunday that his country continues its efforts to transform oil and gas exploration and production activities into tangible projects in several countries, including Libya. In an interview with the Turkish Anadolu Agency, Bayraktar explained that Turkey aims to strengthen its presence in the fields […]
Economic expert Mohamed Al-Sanousi stated in an exclusive comment to our source:“The Central Bank Governor presented nothing new in his speech. Everyone knows that the Libyan economy has relied on oil for 60 years — we didn’t need a speech from the Governor to tell us that.” He added:“We are well aware of the political […]
The Financial Analyst Khaled Al-Zantouti wrote: No one can deny the crucial role of central banks in promoting sustainable development within any economy. They drive the economic process through monetary stability and effective monetary policies. Unlike commercial banks, which seek positive returns through lending policies and profit-making between deposit costs and loan revenues, central banks […]
Our source directly contacted Reda Gergab, member of the Board of Directors of the Central Bank of Libya, who denied the news circulating about consultations to appoint him as a successor to Governor Naji Issa, confirming that the news is completely false. Gergab emphasized the unity of the Central Bank, stating that the Board of […]
Our source has exclusively obtained the decision of the Council of Ministers of the Government of National Unity regarding the organization of the Export Development Authority. According to the decision, the Libyan Export Development Authority is to be organized so that it has legal personality and independent financial liability and shall be affiliated with the […]
Written by Political Economy Professor Mohamed Al-Barghouthi Between theory and Libyan reality lies a deep gap. The Governor of the Central Bank of Libya cannot apply economic theory alone in a country suffering from institutional division and a rentier economy. However, Nagy Issa’s statements represent a positive step if accompanied by clear political will and […]
The Central Bank of Libya confirmed in an exclusive statement to our source that the country’s foreign assets amount to nearly $99 billion. According to the Bank, an additional $2 billion will be injected if necessary, to meet the demand from small traders and suppliers and to stabilize the market.
The international news agency Reuters reported on Wednesday, quoting the Chairman of the National Oil Corporation, Masoud Suleiman, that 40 oil companies have expressed interest in participating in the current bidding round being conducted by Libya to obtain oil exploration rights. Suleiman added, during the ADIPEC Energy Conference in Abu Dhabi, that Libya’s current oil […]
The Central Bank of Libya confirmed exclusively to our source that it committed this week to selling $1.7 billion for letters of credit, traders’ cards, and personal purposes, while also issuing new approvals worth nearly $1.5 billion. The Bank added: “What’s happening in the market is the result of speculative activity and the failure to […]
The French intelligence website Africa Intelligence revealed today, Wednesday, that the release of Hannibal Gaddafi, son of Muammar Gaddafi, who has been detained for ten years, is conditioned on the payment of a large bail demanded by the Lebanese courts. The French website also indicated that this amount may soon be reduced or even completely […]
Member of the Board of Directors of the Central Bank of Libya, Fakher Abu Farneh, revealed exclusively to our source that the Central Bank of Libya had formed a committee nine months ago, which launched the banking investment initiative. The initiative centers on the possibility of establishing a banking holding company, an investment bank, a […]
