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 […]
Our source exclusively obtained a letter from the President of the Audit Bureau, Khaled Shakshak, addressed to the Head of the Administrative Control Authority, Abdullah Qadurbouh, regarding the closing of the state’s final accounts. Shakshak said: “Clarifying the obvious of a scandalous matter, especially discussing basics, we avoided putting a sovereign oversight institution in embarrassment […]
A senior official at the Central Bank of Libya exclusively told our source: “The letters of credit reservation system has shown excellent results, enabling 2,900 companies to register for a total value of $2.5 billion. This was previously unavailable due to corruption, favoritism, and the domination of certain companies over banking transactions, which excluded some […]
Several small traders exclusively confirmed to our source that they have received approval messages from the new letters of credit platform. According to the traders, the approvals also included small traders.
The Independent newspaper reported today, Thursday, that after more than 10 years of closure due to the deterioration of the security situation in Libya at the time, Tunisia is reopening its consulate in the city of Benghazi. The newspaper pointed out that the decision to reopen the consulate comes as part of the Tunisian authorities’ […]
The Central Bank of Libya revealed exclusively to our source that approvals for the new letters of credit system have already begun, with customers receiving messages today regarding the approvals that were executed. According to the Central Bank, the pace will be faster in the coming days to approve everything loaded onto the system and […]
The Central Bank of Libya revealed in a statement exclusively to our source that it actually began at 9 a.m. selling $1.5 billion to commercial banks—$500 million for personal purposes as full settlements and $1 billion for letters of credit. The Central Bank had exclusively informed our source earlier about its commencement on Sunday of […]
The website Upstream revealed on Sunday that three companies holding stakes in one of Libya’s most important onshore oil assets are expected to sign an agreement “soon” to nearly double production to up to 700,000 barrels per day. The site noted that the investment plan is part of Libya’s goal to boost production to 2 […]
Despite his previous decision to ban fish exports and its subsequent withdrawal, the Minister of Economy in the Government of National Unity, Mohamed Al-Huwaij, has returned to grant approvals to several companies to export large quantities of fish, including “Ain Al-Roumia Al-Oula for Importing Foodstuffs and Meat,” which was granted permission to export 20,000 tons […]
Financial analyst Khaled Al-Zantouti told our source in an exclusive statement:“I am undoubtedly in favor of these regulatory measures — but what matters is their implementation.” He added:“Exchange companies are theoretically channels for buying and selling foreign currency and carrying out local and international money transfer services. They also play a positive role in supporting […]
Exclusive sources told Sada Economic Newspaper that the Minister of Economy in the Government of National Unity, Mohamed Al-Huwaij, is the one responsible for the imprisonment of the Director of the Trademarks Office at the Ministry of Economy, Salah Al-Hawali. According to the sources, Al-Hawali was officially appointed to manage the Trademarks Office, succeeding former […]
