A government source told our source that the Council of Ministers of the Government of National Unity has issued a decision to cancel the assignment of the Gaddad family’s company — Al-Bashir Printing and Advertising — which was contracted to supply school textbooks. This decision comes after the Public Prosecutor’s Office ordered the detention of […]
Written by Economic Expert Ibrahim Wali: The success of any nation in achieving progress and prosperity must rest on two main pillars:The first is the presence of an active, efficient, and transparent government supported by clear, decisive, and flexible legislation, as well as a favorable economic environment and infrastructure. The second is an energetic private […]
The Austrian oil company OMV announced on Tuesday the discovery of an onshore oil field off the coast of Libya. The National Oil Corporation (NOC) had announced late last week that OMV’s B-1 exploration well had successfully started flowing oil and gas. According to the NOC, the well was drilled to a total depth of […]
Prime Minister of the Government of National Unity, Abdul Hamid Dbeibeh, stated:“The Central Bank is like a protective umbrella for the state — it safeguards its resources, whether from taxes or revenues of Libyan products. When institutions propose to directly intervene with the Central Bank, we must be cautious and protective of it. Today, there […]
Reuters reported on Tuesday, quoting Oil Minister Khalifa Abdul Saddeq, that Libya is considering increasing its oil production to 1.6 million barrels per day in 2026 and to 1.8 million barrels per day by 2027. Speaking at the ADIPEC Energy Conference in Abu Dhabi, Abdul Saddeq stated, “We have a mission to raise oil production […]
The Governor of the Central Bank of Libya, Naji Issa, stated regarding the Banking Investment Initiative that it is not necessarily meant to be implemented next month, but rather to be ready as part of a broader vision. He emphasized that without a comprehensive economic vision aligning all policies and defining real objectives, such a […]
Our source obtained a circular from the Secretary-General of the Cabinet of the Government of National Unity addressed to ministers and public institutions, mandating the adoption of electronic payment systems as the main and unified method for collecting fees, fines, and financial dues, as well as for any other transactions with citizens or clients across […]
Our source exclusively obtained a previous correspondence from the Minister of Finance of the Government of National Unity addressed to the Prime Minister, proposing a partial amendment to the budget regulations to include electronic payment methods among the receipts of main and subsidiary treasuries within the Ministry of Finance and public entities. Minister Khaled Al-Mabrouk […]
Our source exclusively obtained the decision of the Prime Minister of the Government of National Unity, Abdul Hamid Dbeibeh, granting authorization to the Ministry of Urban Planning to issue financial disbursement orders for the 2025 fiscal year. The government approved the allocation of 341.8 million Libyan dinars to the National Authority for Urban Planning to […]
The Central Bank of Libya revealed exclusively to our source that the Operations Department at the Bank will begin disbursing October salaries tomorrow through the “Instant Salary” system. This follows modifications made by the Ministry of Finance and the system’s subsequent return to the Central Bank for processing tomorrow.
Our source obtained exclusively a copy of the correspondence from the Governor of the Central Bank of Libya to the Minister of Economy in the Government of National Unity, Mohamed Al-Huwaij. In the letter, the Governor emphasized the importance of continuing to implement the decision prohibiting imports without financial transfer procedures through the banking sector, […]
The French intelligence website Africa Intelligence reported on Sunday that three companies are competing to build oil and gas facilities in the northern area of Jalu City. According to the website, Waha Oil Company is currently reviewing bids from Petrofac, Saipem, and Daewoo Engineering & Construction for the development of its oil infrastructure in eastern […]
The Central Bank of Libya revealed exclusively to our source that its Accounting Department has begun selling the value of letters of credit to commercial banks and granting new approvals. This comes alongside the settlement of personal purpose allocations, as announced last week.
In his article, Ahmed Zahir wrote: The decision to print school textbooks inside Libya was not merely a technical measure, but a strategic step aimed at building a sovereign industry that would support the national economy, create technical job opportunities, and strengthen a culture of production and knowledge. At the outset, the policy of localizing […]
Our source obtained exclusively a copy of the Central Bank of Libya’s correspondence to Jumhouria Bank, stating that the Governor has issued instructions to suspend all letters of credit in favor of Al-Bashir Printing and Publishing Company. This measure will remain in effect until the oversight authorities verify the validity of the procedures and provide […]
