The Italian insurance and financial services company, Great Eastern, reported on Monday that Libya has regained its position as Italy’s primary oil supplier, covering 21.5% of crude oil imports. This marks a significant comeback 14 years after the outbreak of the first civil war. Great Eastern emphasized that this resurgence contrasts sharply with the collapse […]
Our source has obtained a letter from the Director of the Inspection and Follow-up Department at the Prime Minister’s Office in the Government of National Unity to the Office of the Minister of State for the Prime Minister’s Affairs regarding administrative and legal violations within the Ministry of Education and Minister Mousa Al-Megreif. The letter […]
The Central Bank of Libya has exclusively revealed to our source that it has dispatched a new cash shipment today from Mitiga Airport in Tripoli to Benina Airport in Benghazi. The shipment, designated for the bank’s Benghazi branch, carries a total of 60 million dinars. The Central Bank will continue sending cash shipments regularly until […]
Lawyer Ahmed Ali Abu Mahara wrote an article titled: Central Bank Data on Revenue and Public Expenditure (Incomplete Transparency): There is no doubt that the data issued by the Central Bank of Libya on state revenues and expenditures is an important indicator for understanding the country’s financial situation. Through these reports, one can assess the […]
Libyan businessman Husni Bey stated exclusively to our source that when the Central Bank of Libya’s monthly report for February was released, detailing government revenue and expenditure in Libyan dinars, it showed a surplus in the general budget—even when adding February’s salaries, estimated at 5 billion dinars, which were not included in the report. He […]
The Central Bank of Libya revealed exclusively to our source that it has dispatched a new cash shipment today from Mitiga Airport in Tripoli to the city of Kufra. The shipment includes 8 million LYD for Jumhouria Bank, 6 million LYD for North Africa Bank, and 13 million LYD for Wahda Bank. The bank confirmed […]
The Business Insider Africa website highlighted the crucial role that African central banks play in shaping the economic landscape of their respective countries and the continent as a whole. These institutions are responsible for formulating and implementing monetary policies, managing inflation, stabilizing currencies, and fostering economic growth. According to Statista, in 2024, the Central Bank […]
In an exclusive correspondence obtained by our source, the Deputy Head of the Libyan Audit Bureau addressed Law No. 19 of 2013, affirming that it grants the Bureau sufficient powers and responsibilities to curb corruption. He highlighted Article 17, which authorizes the Bureau to request that relevant entities take necessary measures to recover public funds […]
In an exclusive statement obtained by our source, Minister of Oil Mohammed Aoun refuted Prime Minister Abdul Hamid Dbeibeh’s claims regarding the implementation of judicial rulings. He asserted that rather than complying with these rulings, Dbeibeh has disregarded them entirely, acting out of vengeance, injustice, and abuse of power. Aoun accused the prime minister of […]
Economic expert Suleiman Al-Shahoumi commented exclusively to our source on the latest Central Bank report, stating: “Every time the Central Bank releases a report, it reminds us of the difficult economic situation and the confusion in Libya’s economic policies.” Al-Shahoumi continued: “There is an unusual level of contradiction and instability between monetary and fiscal policies. […]
A source from the Jihad Fund at the World Islamic Call Society told our source that they have officially notified the Ministry of Finance in Tripoli and the Head of the Tax Authority that transferring any funds from the deductions of the Jihad Tax to any entity without the approval of the legal representative, Saleh […]
Dr. Abu Bakr Abu Al-Qasem, Head of the Libyan Academic Accounting Department, exclusively told our source that the Central Bank of Libya’s report from January 1 to February 28, 2025, revealed that foreign currency sources reached 3.6 billion USD, while foreign currency usage exceeded 6 billion USD, resulting in a deficit of 2.5 billion USD […]
The French intelligence site Africa Intelligence reported on Friday that Washington is retracting its financial aid to several countries, including Libya. The site confirmed that with the dismantling of the U.S. Agency for International Development (USAID), the United States has effectively torn up its commitments to provide development aid. However, cooperation on security issues is […]
Economic expert Saber Al-Wahsh exclusively told our source about the Central Bank of Libya’s recent statement, describing the figures in the report on revenues and expenditures from January 1, 2025, to February 28, 2025, as concerning. He added that total foreign currency revenues amounted to 3.6 billion USD, while expenditures were 6.1 billion USD, resulting […]
The Central Bank of Libya has released its report on revenues and expenditures from the beginning of 2025 until February 28, revealing total revenues of 18 billion LYD and expenditures of 8.4 billion LYD. Revenues include 14.0 billion LYD from oil sales, 3.7 billion LYD from oil royalties, 41.1 million LYD from taxes, 12.5 million […]
