Our source has obtained a letter from the Head of Abu Salim Municipality to the Head of the Administrative Control Authority regarding the economic reform initiative. The letter emphasizes that the municipality has taken proactive measures by closely monitoring the country’s economic situation and committing to guidelines aimed at controlling and rationalizing spending during 2023 […]
The Central Bank of Libya exclusively revealed to our source that an agreement was reached with the National Oil Corporation, supported by the Audit Bureau and the Public Prosecutor’s Office, to transfer oil revenues to the Central Bank on a daily basis. This arrangement has facilitated the bank’s ability to meet foreign exchange requests starting […]
A source at the Central Bank of Libya exclusively disclosed to our source the foreign exchange system report for February 2. The source stated that $484 million was reserved for personal purposes, while $276 million was sold from previous reservations. Additionally, $243 million was allocated to cover previous letters of credit, and approximately $300 million […]
A financial official told our source that the Ministry of Finance’s directive requires employees to provide proof of owning a bank card as a mandatory condition for salary disbursement. He stated, “The directive means that any state employee with a bank account must obtain and activate a bank card and provide its details to their […]
The Chairman of the National Oil Corporation, Masoud Suleiman, told Reuters on Friday that the corporation will focus on increasing production and enhancing transparency as Africa’s second-largest oil producer seeks to recover from years of instability. The state-owned corporation oversees fossil fuel production, which has been disrupted since the ousting of leader Muammar Gaddafi in […]
Our source has obtained the decision of the President of the Audit Bureau, Khaled Shakshak, to form a committee to review projects at Waha Oil Company. The committee consists of: Azeddine Mohamed Hudud, Yassin Ahmed Al-Zaidi, Murad Mohammed Al-Ahyoul, Ahmed Ibrahim Akreem, and Ashour Milad Ashour.
Mahmoud Al-Sid Al-Dakhli, the brother of Mohamed Al-Sid Al-Dakhli, an employee of the Foreign Investment Company who was kidnapped today, spoke exclusively to our source. He explained that the incident traces back to a protest staged by employees of the company, located in Al-Dhahra, Baladiya Street, and managed by Moussa Atig from the southern region, […]
Italian strategic expert Daniele Ruvinetti spoke to our source on Wednesday, stating that the recent developments appear to be linked to the resignation of National Oil Corporation Chairman Farhat Bengdara. Ruvinetti noted that Khalifa Haftar has long called for a fair distribution of NOC revenues between eastern and western Libya, emphasizing the importance of energy […]
Our source has exclusively obtained a circular issued by the Minister of Finance of the National Unity Government, Khaled Al-Mabrouk, regarding the determination of rental allowances for ministry employees. According to the circular, the maximum monthly rent allowance for ministers is set at 6,000 dinars, while deputy ministers will receive up to 3,000 dinars. Assistant […]
Our source has exclusively obtained a letter from the Director of Financial Controllers at the National Unity Government’s Ministry of Finance, in which the minister’s instructions were circulated. According to these instructions, the ministry’s relevant departments and financial controllers are required to encourage individuals receiving salaries from entities funded fully or partially by the state […]
Our source has exclusively obtained a correspondence from the National Oil Corporation addressed to Waha Oil Company. The letter emphasizes the importance of providing full cooperation and all necessary information to the committees assigned to audit the company’s accounts and contracts. It also urges the relevant departments at Waha Oil Company to comply and supply […]
Our source has exclusively obtained a decision from the House of Representatives amending Article (25) of Law No. 7 of 2010 on income taxes. According to the decision, the article now states:“The state’s right to claim what is due under the provisions of this law does not expire over time. This provision applies to any […]
Our source has exclusively obtained a decision from the Board of Directors of the National Oil Corporation regarding an amendment to the unified bidding and contracting regulations for its affiliated oil companies, as per Decision No. (188) of 2023. The amendment aims to maximize economic and technical efficiency in executing sector projects at competitive prices […]
The oil-focused website Oil Price reported on Wednesday that oil prices remained slightly lower after rising on Tuesday. This came following threats from protesters to block crude oil exports at two terminals in the Oil Crescent. However, the National Oil Corporation stated that exports were proceeding at normal rates. In a statement on Tuesday, the […]
The Director of Administrative Affairs at the National Union Bank, Mohamed Al-Kadiki, exclusively informed our source about the launch of the ATM cash withdrawal service. He announced that the service has been activated for all commercial banks through the bank’s ATMs, reinforcing the bank’s commitment to providing advanced banking services that facilitate seamless financial transactions […]
