The CEO of Spanish oil company Repsol, José Ángel Fernández, stated that the improvement in security and social conditions in Libya has allowed the company to resume operations and boost production in several fields. In an interview with Investing.com, Fernández said: “I believe Libya is witnessing social, political, and security improvement.” He pointed out that […]
The Central Bank of Libya revealed in an exclusive statement to our source that it has allocated an amount of 1.5 billion dollars to settle the value of approvals for credits and to sell them to banks for a value of one billion dollars next Sunday. This is in preparation for the start of operations […]
The political economy and investment researcher, Amru Al-Khattali, wrote an article in which he stated: In the field of information technology and innovation, the Casablanca Technopark was established to support the growth of the electronics and semiconductor sectors. As a result, Morocco’s exports of medium-tech products have far surpassed those of its regional competitors, such […]
Legal advisor Hisham Al-Harati spoke exclusively to our source, stating that while the Central Bank of Libya is actively confronting speculation attempts and leading clear monetary reform steps, continued laxity by some public bodies in controlling spending poses a direct threat to the stability of the national economy. He added: “The Central Bank’s policies cannot […]
The Central Bank of Libya told our source exclusively: “Some positive indicators have begun to emerge in terms of controlling public spending, especially parallel spending, thanks to certain understandings reached between local and international parties.“ The Central Bank added to our source: “Once this package succeeds—specifically the withdrawal of the 20-dinar banknote and the launch […]
In an exclusive statement to our source, the Central Bank of Libya said that the absence of tools enabling it to control the exchange rate in the parallel market has allowed a limited group of speculators to manipulate prices. The Bank added: “Now, we will have licensed exchange companies and offices that we will support […]
In an exclusive statement to our source, the Central Bank of Libya said that the absence of tools enabling it to control the exchange rate in the parallel market has allowed a limited group of speculators to manipulate prices. The Bank added: “Now, we will have licensed exchange companies and offices that we will support […]
The economic expert Saber Al-Wahsh wrote: The current situation in the parallel exchange market is not normal, and repeated interventions—such as drawing from reserves or injecting more foreign currency—will not be effective. In my view, the best approach to this situation requires a series of clear and carefully considered steps, some of which I propose […]
Our source at the Central Bank of Libya confirmed exclusively that the Bank has allocated billions of dollars to contain market volatility, now operating under legal frameworks and Central Bank oversight. According to the source, positive signs have begun to emerge in terms of controlling public spending, especially parallel spending, thanks to certain understandings between […]
Our senior source at the Central Bank of Libya revealed exclusively: “We have the ability to bring the parallel market under control, keeping the dollar below 7 dinars, following the resumption of licensed exchange offices and companies. These are not mere signals, but part of a well-organized plan being developed for this purpose.“ The source […]
Our exclusive sources confirmed the continued detention of the Director of the Trademarks Office, Salah Al-Hawali, who was appointed by the Minister of Economy of the Government of National Unity, Mohamed Al-Huwaij, amid ongoing investigations that include summoning several officials at the Ministry of Economy. This comes in connection with cases related to the forgery […]
Our source has exclusively obtained invoices related to flights organized by the Council of Ministers of the Government of National Unity, with values amounting to millions. According to the documents, a flight to return the President of the Audit Bureau cost 925,000 dinars. Other flights included one for the Prime Minister’s Office worth 706,000 dinars, […]
The Internal Audit Department at Nuran Bank disclosed its internal report to our source, stating that the total restructured financing in 2024 exceeded 376 million dinars, as it was rescheduled due to clients’ inability to repay. The bank clarified that only 53.8 million dinars are considered regular financing, while the percentage of non-performing loans reached […]
Our exclusive sources revealed that one of the main reasons for the rise in the dollar exchange rate is the continued intensive government spending in both the eastern and western regions, alongside the parliament’s insistence on passing a budget exceeding 160 billion. According to the sources, the parliament continues to send official correspondence to approve […]
The Central Bank of Libya confirmed exclusively to our source that it is closely monitoring market conditions, noting that several factors have contributed to the rise in foreign exchange rates. Some are temporary, such as speculation, money laundering linked to the 20-dinar banknote, and exploitation of the grace period before its withdrawal from circulation. International […]
