The Central Bank of Libya confirmed to our source that liquidity is available, and that shipments of cash continue to arrive successively at its issuance departments. The Bank explained that it is working in coordination with all commercial banks to supply their branches across all regions and cities of Libya with the required cash through […]
Financial expert Khaled Al-Zantouti wrote an article in which he said: “Major global, political, and economic changes are sweeping across the world today, and they are likely to cause a severe economic imbalance in rentier states that rely on a single source of income—crude oil. The impact may be limited for some major oil-producing countries […]
Wael Al-Saghir, Chairman of Arrageeb Libyan Consumer Protection Organization, authored an article in which he stated: Libya has witnessed a worrying rise in cancer rates in recent years, posing significant challenges to both the health and economic sectors of the country. This surge is attributed to overlapping factors linked to the environment, lifestyle, healthcare infrastructure, […]
OPEC reports indicate that Libya’s oil production stood at 1.26 million barrels per day, marking a decrease of 10,000 barrels per day compared to March, when production reached 1.27 million barrels per day. Masoud Shriha, the plaintiff in the case against Farhat Bengdara, Chairman of the National Oil Corporation, told Sada Economic exclusively that OPEC […]
The Central Bank of Libya exclusively confirmed to our source that, following Jumhouria Bank, other banks have committed violations by deducting commissions from customers without justification. It added that these banks will be punished, the deducted commissions will be refunded to the customers, and their management will be suspended.
Our source has exclusively obtained a letter from the Chairman of the Board of the Libyan LPTIC Holding Company, in which he instructed its subsidiaries — Almadar, Libyana, and LTT — to suspend the contract with Cell Libya across all affiliated companies without delay. This decision came after discovering that the contract’s terms were significantly […]
Our source has exclusively obtained a correspondence from the Central Bank of Libya regarding its instruction to banks to take all necessary measures to postpone the deduction of any installments related to obligations on bank customers during the current month of May. This includes salaries and the wife and children’s grant, in line with the […]
Our source has exclusively obtained a correspondence from the Central Bank of Libya, in which it addressed Jumhouria Bank regarding the refund of commissions collected—one dinar per purchase—using local cards at points of sale (POS), amounting to a total of 18.2 million dinars. The Central Bank requested a detailed report confirming that the bank has […]
Our source has exclusively obtained a circular from the Central Bank of Libya, in which it announced the extension of official working hours at bank branches on the occasion of the upcoming Eid al-Adha, until 5:00 PM, starting from May 25, 2025, until June 15. According to the Central Bank, Friday, May 30, and Saturday, […]
Our source has exclusively obtained a circular from the Central Bank of Libya in which it instructed banks to reduce the commission rate on Point of Sale (P.O.S) transactions. The commission shall be set at a maximum of 0.5%, to be deducted from the merchant, starting from May 25, 2025, until June 15, and will […]
The Central Bank of Libya exclusively revealed to our source that the Banking Operations Department at the Central Bank has completed the transfer of children’s allowances as well as the May salaries to the banks within just one day. This comes based on direct instructions from the Governor.
The American Bloomberg agency reported today, Wednesday, that Libya has accumulated debts amounting to about one billion dollars to its fuel suppliers after the country ended its oil swap program about three months ago, according to people familiar with the matter. Bloomberg continued, saying that the dues owed to the National Oil Corporation are likely […]
The Head of the Accounting Department at the Libyan Academy for Graduate Studies, Abubakr Abu al-Qasim, said in a statement to our source: “We thank the Central Bank of Libya, the Audit Bureau, and the Attorney General regarding the announcement of ending the crude oil-for-fuel barter process, explaining that this ends the country’s largest systematic […]
Our responsible source at the Central Bank of Libya confirmed exclusively that the barter system has been completely phased out as of this May. Following a series of meetings involving key parties — the Central Bank of Libya, the National Oil Corporation (NOC), the Ministry of Finance, the Audit Bureau, and the Attorney General — […]
Our source obtained the ruling of the Primary Court in Tunis condemning the accused “Malek Al-Hemali Ba’iw,” General Manager of the Al-Inmaa Oil and Gas Company, for the charges attributed to him in the crime of aggravated betrayal to 4 years and the same period for the crime of money laundering by exploiting the facilities […]
