Libyan businessman Husni Bey told our source in an exclusive statement:“There has been widespread welcome for the new Libyan agreement, the ‘Unified Development Program.’” He added:“The Libyan public — especially those interested in economic affairs — has shown strong approval following the announcement of the signing of the ‘Unified Development Program’ agreement between the House […]
The Head of the Accounting Department at the Libyan Academy, Abubakr Abu al-Qasim, wrote exclusively: The development spending agreement is a step we value — but… He continued:“After numerous appeals from experts, international organizations, and the Central Bank for the need to agree on clear and unified spending mechanisms to put an end to the […]
Professor of Economics at Benghazi University, Dr. Ayoub Al-Farsi, exclusively told our source regarding the signing of the Unified Development Program agreement that it is the fruit of the Central Bank’s (CBL) efforts to mediate a common formula for the 2026 budget. These efforts began from the first days the new administration took leadership of […]
The Professor of Economics at Benghazi University, Ali Al-Sharif, stated: “Against the backdrop of the accelerating urban revival witnessed in the eastern and southern regions of the country, the agreement between the House of Representatives and the High Council of State constitutes a pivotal step towards unifying the state’s financial vision.” He added: “This agreement […]
The Central Bank of Libya revealed exclusively to our source that, following the step to unify development spending today, there is a move towards preparing a unified budget for 2026 after the relevant parties reached an agreement. According to the Central Bank, this coincides with studying the proposal to cancel the tax on the sale […]
Newsweek reported on Tuesday that representatives of the Government of National Unity (GNU) are looking to US President Donald Trump to strike a deal that could have profound implications across two continents. The newspaper indicated that in return, the Government of National Unity seeks to strengthen trade and investment relations, particularly regarding Libya’s massive oil […]
The Central Bank of Libya revealed exclusively to our source the unification of development spending, after its coordination efforts with the House of Representatives and the High Council of State culminated in an agreement on this step. According to the Central Bank, this move is expected to have positive effects on financial stability and improve […]
The International Monetary Fund (IMF) issued on Sunday, 16 November 2025, a concluding statement for the preliminary meetings of the 2026 Article IV consultations, which were held last week with the participation of the Central Bank of Libya (CBL) and relevant entities, including the Ministry of Economy and Trade, the Ministry of Planning, the National […]
The Public Prosecution has requested exclusively Sahara Bank to transfer the approvals for financings granted to entities and the executing party, as well as to provide the allocations schedule, financing steps, decisions forming the bank’s Higher Financing Committee, the bank’s credit policy, and the list of granted financings along with the beneficiary companies. The request […]
Publications by the Office of the Attorney General on its official Facebook page in recent weeks have raised many questions about the involvement of several officials in harming public funds, including illegal financial transfers and embezzlement of public money—behaviors that reflect a lack of responsibility and professional integrity. The reach of corruption was not confined […]
Italian company Next Geosolutions has won a contract worth €8.5 million to collaborate with Italian oil services company Saipem in drilling, construction, and stabilization support activities for the Bouri Gas Field development project. According to the company, under the terms of the contract, Next Geo will be responsible for seabed monitoring operations using remotely operated […]
Financial expert Khaled Al-Zantouti told our source :“I was shocked and deeply saddened by what The Guardian published yesterday (Wednesday), and before that months ago The Financial Times, regarding the issue of Libyan oil smuggling through the so-called Libyan Smuggling Corporation. The report indicated that the value of the smuggled oil amounts to an average […]
Claudio Descalzi, CEO of the Italian energy company Eni, affirmed that the company operates under relatively safe conditions regarding risk management in its projects in Libya. Speaking from Wall Street during an event marking the 30th anniversary of Eni’s listing on the New York Stock Exchange, Descalzi explained that Eni produces gas in Libya, and […]
The British newspaper The Guardian reported on Wednesday that the rise in state-sponsored fuel smuggling between 2022 and 2024 caused the Libyan people to lose around $20 billion (£15 billion) in revenues – a staggering figure that calls for decisive international sanctions against those responsible, according to the most comprehensive report published on the systematic […]
The Central Bank of Libya disclosed that total revenues during the first ten months of 2025 amounted to 103.4 billion dinars, while expenditures reached 95.1 billion dinars, resulting in a surplus of 8.3 billion dinars.Expenditures included: However, the foreign currency deficit reached 6.4 billion U.S. dollars due to the decline in oil revenues. The deficit […]
