Our source obtained exclusively a copy of the Central Bank of Libya’s correspondence to Jumhouria Bank, stating that the Governor has issued instructions to suspend all letters of credit in favor of Al-Bashir Printing and Publishing Company. This measure will remain in effect until the oversight authorities verify the validity of the procedures and provide […]
Our source obtained a copy of the correspondence from the Board of Directors of the Mediterranean Company, which included a decision to restructure the Board of Directors of MedStream Company in Monaco, chaired by Mohamed bin Shatwan, with members Khalifa Abdulsadiq, Imad bin Rajab, Ahmed Al-Qajamiya, and Khalfallah Miftah Ibrahim. The correspondence also indicated that […]
The Central Bank of Libya confirmed exclusively to our source that direct instructions were issued by Governor Naji Issa to Jumhouria Bank. These instructions involve suspending the transaction of Al-Bashir Printing and Publishing Company—responsible for school textbooks—in order to conduct investigations to verify the validity of all procedures.
Our source has exclusively obtained a copy of a letter from the Central Bank of Libya to Jumhouria Bank, stating that Al-Bashir Printing, Publishing, Advertising, and Promotion Company has been granted an exemption from the ceiling on letters of credit, based on its request, to cover the costs of school textbooks. The letter added: “We […]
Our source has obtained a letter sent by the Italian company Rotolito to the Ministry of Education of the Government of National Unity, confirming that all school textbooks have been fully printed and have been ready at the port for two months, awaiting release through a letter of credit or any other payment method. The […]
Our source has obtained exclusively a letter from the Office of the Minister of Education in the Government of National Unity addressed to the Attorney General’s Office, detailing the reasons behind the delay in printing school textbooks. According to the letter, the delay was caused by the failure of some companies to deliver the quantities […]
Minister of Education in the Government of National Unity, Ali Al-Aabed, revealed in an exclusive statement to our source that the Curriculum Center had contracted, on August 12, with 22 local companies to print the school textbooks for the 2025–2026 academic year. Local letters of credit were opened for all companies, and 11 companies managed […]
Our sources from businessman Husni Bey’s stores in Krimiya revealed exclusively that they have received instructions prohibiting cash transactions and requiring payment to be made only through electronic means — including cards, transfers, and electronic checks — starting November 1, 2025. The sources clarified that this plan will be gradually implemented across all of the […]
Our source has exclusively obtained a letter from the Customs Authority addressed to the directors of customs departments and the head of the Free Zone Customs Center in Misrata, regarding the extension of the grace period allowing the entry and clearance of all goods until further notice. This extension comes after a series of conflicting […]
The French website Afrik revealed today, Thursday, the existence of a network stretching from the Mediterranean Sea to sub-Saharan Africa that participates in the illegal trade of oil. According to the French website, at the heart of this corruption is also a Turkish-Serbian businesswoman residing in Dubai. In less than five years, her family petrochemical […]
The Central Bank of Libya exclusively revealed to Sada Economic newspaper that it began this week granting approvals worth $400 million for letters of credit. The bank confirmed that starting next Sunday, at the beginning of November, it will settle and grant approvals worth $1.5 billion for letters of credit, sell $1.6 billion to banks, […]
Written by Consultant Mustafa Al-Manea In light of the transformations taking place in the global financial system, and amid reports that China plans to link its digital renminbi settlement system with ASEAN countries and some Middle Eastern nations, discussions have intensified regarding the future of the SWIFT system, which has long formed the backbone of […]
Assaray Trade and Investment Bank has recorded notable growth and outstanding financial results throughout its journey. The Chairman of the Board, Dr. Ahmed Atiga, and the General Manager, Farouk Al-Obaidi, presented the bank’s overall performance indicators, which reflected significant growth across various banking and investment activities. These include increases in assets, financing, deposits, and customer […]
A reliable source from within the Libyan Post, Telecommunications and Information Technology Company told our source that the company’s Board of Directors met today and decided to suspend the implementation of Decision No. 25. The Board also decided to dissolve the advisory committee that had prepared the decision. The source added that the Board of […]
The international news agency Reuters reported on Sunday that a court in eastern Libya has begun the retrial of 12 officials accused in the case of the collapse of the Derna Valley dams during the 2023 flood disaster. The retrial follows a decision by the Supreme Court, which accepted the appeal against the previous verdicts. […]
