The Central Bank of Libya exclusively told our source: “We do not advise small traders and others to buy dollars before the end of September, when the withdrawal period for the 20-dinar note ends.” The Central Bank also confirmed exclusively to our source that it is preparing to launch new tools and measures in the […]
Economist Mohamed Abu-Snina wrote in an article: It is noticeable, through what is being circulated and discussed in legislative and executive circles, as well as within certain sovereign oversight institutions, both currently and throughout the past decade, that there is a strong inclination to amend some fundamental laws, and sometimes even to issue new ones. […]
The Central Bank of Libya exclusively told our source: “An agreement was reached between the Governor of the Central Bank of Libya and the Speaker of the Libyan House of Representatives in Benghazi to support the Central Bank’s efforts to achieve financial and monetary stability, in line with the bank’s plan to manage the overall […]
Fawzi Al-Shuwaish, Marketing Director at Jumhouria Bank, told our source that the bank’s marketing department has begun implementing a promotional campaign aimed at expanding the provision of electronic payment services, in line with the instructions of the executive management and directives of the bank’s Board of Directors. Al-Shuwaish explained that the campaign covers various Libyan […]
Hisham Al-Harati, legal advisor for Zaykom Zayna Organization for the Rights of Persons with Disabilities, told our source exclusively: “Although government decisions have long affirmed the right of persons with disabilities to access public buildings and services with ease, the issue remains purely one of implementation.” He added: “In the absence of effective monitoring and […]
Al-Hurra reported on Tuesday that under the scorching sun, many Libyans wait in long lines at fuel stations, sometimes for hours or even days, just to buy a few liters for their cars or home generators. Meanwhile, heavy oil tankers rush on highways toward ports, where smugglers load shipments destined for international markets. The network […]
The French intelligence website Africa Intelligence reported on Tuesday that the Prime Minister of the Government of National Unity, Abdul Hamid Dbeibeh, is once again turning to the American lobbying firm Mercury Public Affairs to reach the White House. The site confirmed that Dbeibeh granted a new contract worth €70,000 per month to the U.S. […]
Our source obtained a correspondence from the Central Bank of Libya to the directors of commercial banks regarding the upcoming end of August, in which the Central Bank announced its support for the “Instant Salary” project aimed at facilitating the direct transfer of government sector employees’ salaries to their beneficiaries. The Central Bank requested that […]
Reuters reported on Tuesday that the American company Honeywell UOP has prepared a feasibility study to expand Libya’s largest oil refinery, as part of a comprehensive plan to develop the country’s oil fields. According to Reuters, the study concluded that developing the Zawiya refinery in northwestern Libya is feasible and could save large sums of […]
The Gulf Times reported on Sunday that Libya’s oil barrels are an integral part of the Mediterranean balance, influencing European profit margins, OPEC cohesion, and Gulf investments in ports, pipelines, and storage facilities. The paper explained that when the governance of the National Oil Corporation appears opaque, it creates risks across a supply chain that […]
Economist Mohamed Abu Snina wrote an article in which he said: Based on the revenue and expenditure statement for the period from January 1, 2025, to July 31, 2025, issued by the Central Bank of Libya, many Facebook pages discussed the announced figures. They focused on what various sectors and institutions had spent over the […]
Financial analyst Khaled Al-Zantouti wrote: While reviewing global stock, bond, and commodity markets this morning, I noticed the significant rise in gold prices over recent years—about 150%—while some global stock markets rose at lower rates, though exceptions exist (for example, the S&P 500 rose roughly 170% over the past ten years). Without diving into detailed […]
Economist Ibrahim Wali wrote an article in which he said: Through memos, articles, videos in newspapers, TV channels, and on social media, the Governor of the Central Bank of Libya has appeared warning and threatening exchange companies, declaring that he will not tolerate violations of legal regulations—which could even lead to the revocation of some […]
The Italian news agency Nova reported on Thursday, citing former Chairman of Assaray Bank for Trade and Investment, Naaman Al-Bouri, that despite Libya’s vast oil resources, the country spends more foreign currency than it earns from oil sales. If the tax system is not restored, the Central Bank of Libya will be forced to devalue […]
The International Monetary Fund (IMF) revealed on Wednesday that Libya’s economy is expected to record the fastest growth rate in the region this year, at 14.3 percent, according to the Arab Economic Outlook Report issued this week by the Arab Monetary Fund. The IMF confirmed that growth is projected to slow to 5.9% in 2026, […]
