Ourr source has exclusively obtained a decision issued by the Government of National Unity to withdraw key powers from the Ministry of Economy, headed by Mohamed Al-Huwaij, specifically those related to the management of companies, trademarks, and commercial agencies, transferring them to the Commercial Registry Authority. In addition, our source has also obtained another exclusive […]
Our source has obtained a copy of a letter from the President of the Presidential Council, Mohamed Al-Menfi, addressed to the Speaker of the House of Representatives, Aguila Saleh. In the letter, Al-Menfi requests the submission of the draft budget proposal by the executive authority. This request is conditioned on prior consultation with the High […]
British agency Global Platts reported on Thursday that Libya’s oil production rose to its highest level at 1.23 million barrels per day, according to a Platts survey conducted by S&P Global Commodity Insights on June 10, despite escalating political tensions in the country. According to the agency, the survey found that crude oil production in […]
Oil expert Eng. Massoud Shriha told Sada that the Central Bank of Libya’s report clearly indicates that Libya’s oil production figures align with those provided by OPEC, effectively putting an end to ongoing debates and enhancing the credibility of the organization. Shriha also raised a critical question regarding the allocation of funds exceeding 65 billion […]
The website XP Group Marks revealed that over the past few years, XP Group has expanded its international presence with projects in several countries, including Libya. The company has secured eight concession licenses and three major 15-year production enhancement contracts, bolstering its reputation as a trusted partner for energy companies and international operators. According to […]
Tripoli activists issued a statement regarding what was presented in the House of Representatives session held on June 3, 2025, stating:“We followed the House of Representatives session in which some members attempted to pass a budget that exceeds the value of revenues, at a time when oil prices—Libya’s main source of income—are declining.” They also […]
The economic expert Mohamed Al-Safi writes: A lost decade of Libyan economic policy. Since 2014, the Libyan economy has faced a prolonged period of contraction and instability—what I refer to here as a “lost decade” in Libya’s economic history. Libya has been severely impacted by political division, armed conflict, and unsustainable fiscal policies, which together […]
Oil analyst Engineer Masoud Shriha analyzed the relationship between the US dollar exchange rate and the Libyan dinar through oil marketing operations, presenting an unstable future outlook for Libya’s economy under the current administration of the National Oil Corporation. In a statement, Shriha indicated that the average oil price in 2024 was around $80 per […]
Our responsible source at the Central Bank of Libya, quoting the Governor of the Central Bank, revealed: “The Governor has not officially confirmed his intention to resign, nor has he denied it.” He continued: “Three sentences — the people must defend their rights before paying the price, and slogans like “Down with the Central Bank,” […]
Our source at the Central Bank of Libya revealed exclusively saying: “If the House of Representatives does not realize the gravity of its decisions regarding controlling public spending and does not respond to the Central Bank’s distress call to save the national economy.” The source also added that the value of the currency will plunge […]
The French intelligence website Africa Intelligence reported on Sunday that the National Oil Corporation is facing a buildup of unpaid invoices. According to the site, fuel import payments have been suspended, and the situation risks becoming critical, as the Central Bank of Libya has yet to reach an agreement with the concerned committee on a […]
A confidential source at the Central Bank of Libya exclusively revealed the liquidity distribution plan is proceeding as required and will cover the needs of banks and citizens. The source added: “There was some disruption due to security conditions in Tripoli, including the withdrawal of security personnel from the Central Bank and bank branches, which […]
Our source has obtained the decision of the Prime Minister of the Government of National Unity appointing Ali Al-Abed to carry out the duties of Minister of Education, replacing Musa Al-Maqrif, who is currently under a detention order. Additionally, exclusive oil sector sources revealed to our source that Al-Abed has also been assigned today to […]
The American news agency Bloomberg reported on Thursday, citing the Libyan government in the east of the country, that oil production and exports may be halted in protest against the storming of the National Oil Corporation’s headquarters by armed groups allied with the Government of National Unity. According to Bloomberg, repeated attacks on the National […]
Libya is preparing to celebrate the “National Information Technology Day” on June 1, 2025, under the central theme:“IT Leaders… The Driving Force for Change and Innovation, Towards Building Libya’s Future in the Technological Worlds.” This celebration, which will include more than 30 diverse events across over 22 Libyan cities, crowns efforts aimed at strengthening the […]
