Legal advisor Hisham Al-Harati spoke exclusively to our source, expressing frustration over the prolonged delays in the Ain Zara Road expansion project. He stated: “The continued neglect and procrastination in executing contracts for critical projects, especially the Ain Zara Road expansion, which has been stalled for over three years, represent a blatant disregard for citizens’ […]
Economic expert Mondher Al-Shahoumi suggested to Independent Arabia that Libyans should be allowed to purchase shares in investment funds to earn profitable returns. He explained: “I propose enabling Libyans to buy shares in these funds and secure attractive returns. Libya possesses immense economic potential that can drive sustainable development and diversify income sources, despite the […]
North Africa Bank announced the introduction of a range of innovative financial products designed to enhance convenience and flexibility in daily transactions. Credit Payment Service The bank has unveiled a new service allowing customers to access a credit limit of up to 60% of their monthly salary. This service aims to help customers meet urgent […]
The Central Bank of Libya exclusively disclosed to our source that moments ago, it dispatched a new cash shipment. The shipment departed from Mitiga Airport in Tripoli, heading to Kufra City Airport, carrying 20 million dinars. Of this amount, 7 million is allocated to support branches of Jumhouria Bank, 5 million to North Africa Bank, […]
The Central Bank of Libya exclusively revealed to our source that it continues to implement its planned strategy to ensure cash liquidity. Under the directives of Mr. Naji Mohamed Issa, Governor of the Central Bank of Libya, and his deputy, the Central Bank this morning dispatched a new cash shipment. The shipment departed from Mitiga […]
Our exclusive source in the banking sector revealed: “We have received news that the efforts of the Governor of the Central Bank of Libya are gradually bearing fruit, with positive indicators continuing to rise.” The source added: “The National Oil Corporation has started to respond and transfer oil revenues almost regularly. This will enhance the […]
Journalist Tarek Bridaa wrote an article titled: “Why Does the Minister of Economy and Trade Avoid Enforcing the Price Monitoring Decision? The policies of the Minister of Economy and Trade, Mohamed Al-Huwaij, raise numerous questions about the delays in issuing and enforcing the price monitoring decision, despite the severe economic challenges faced by Libyan citizens. […]
The Regional Spokesperson for the U.S. State Department, Samuel Werberg, made an exclusive statement to our source today, Wednesday. He said: “We are awaiting the new U.S. administration to clarify its foreign policy regarding Libya, particularly in the oil and economic sectors.” Werberg confirmed to our source that once the new U.S. administration is operational, […]
The Central Bank of Libya exclusively revealed to our source that it has dispatched an additional cash shipment worth 60 million dinars to support the reserves of its branch in Sabha. This initiative is part of the Central Bank’s plan to ensure cash availability, in line with the directives of the Governor of the Central […]
The Central Bank of Libya exclusively confirmed to our source that, as part of its plan to ensure the availability of cash, and under the directives of Mr. Naji Mohamed Issa, Governor of the Central Bank, and his deputy, the bank began this morning dispatching new cash shipments according to a pre-prepared plan. A flight […]
Oil expert Masoud Shriha spoke to our source, questioning: “Is the swap prohibited by Libyan or international law? No, there is no international or Libyan law that prohibits the use of the swap mechanism. More than 90 countries worldwide use it.” He added: “Are there standards to regulate the swap? Yes, there is a regulatory […]
Pedro Ribeiro, the president of the French company TotalEnergies, revealed in an exclusive interview with Energy Capital Power the company’s strategic plans to enhance field performance, boost production at Waha and Sharara, and intensify exploration efforts in the Murzuq Basin. Excerpts from the interview: Energy Capital Power: How do you plan to build on this […]
The media advisor of the Libyan Investment Authority, Louay Al-Qriw, confirmed to our source that the Belgian court has issued a ruling to lift the seizures on the LIA’s assets, which had been under judicial freeze since 2017. Al-Qriw added: “The Belgian court decided to lift the freeze on the remaining LIA funds held in […]
The financial expert Khaled Al-Zantouti wrote: “Events in the oil sector are unfolding at an unprecedented pace, marked by decisions, circulars, investigations, and an accompanying media storm whose credibility remains unclear. Since the sudden resignation (or dismissal) of the head of the oil corporation, developments have unfolded as though in a horror movie. When mismanagement […]
Our source has obtained a letter from the Specialized Administrative Court ruling in an urgent decision to suspend the implementation of the decision by the Prime Minister of the National Unity Government No. 482, which established the General Authority for the Commercial register under the leadership of Mohamed Ben Kthir. The court found that the […]
