Our source has exclusively obtained the decision issued by the President of the Libyan Audit Bureau, Khaled Shakshak, to place all bank accounts of the General National Maritime Transport Company under concurrent (accompanying) oversight. The committee formed by his Decision No. (257) of 2025 is assigned to carry out the oversight of the company’s accounts, […]
Our source has exclusively obtained an official document showing that Gulf Oil Company has addressed the National Oil Corporation requesting to allocate 600,000 barrels as Arkenu Company’s lifting share from the Al-Taharah Field, whose total production stands at 1.2 million barrels, and to schedule the lifting share accordingly. According to the correspondence published exclusively by […]
The head of the Accounting Department at the Libyan Academy for Postgraduate Studies, Abubakr Abu Al-Qasim wrote an article entitled: “When You Are Kicked Out the Door, Don’t Try to Climb in Through the Window — That Fall Will Be Deafening!!” “This morning, we came across a fabricated report claiming that the Central Bank re-evaluated […]
The official website of the Central Bank of Libya (CBL) published today that the Governor conducted an inspection visit to assess the damage sustained by some of the Bank’s offices and vehicles on Sunday, May 18, 2025, as part of ongoing monitoring of the Central Bank of Libya’s status. The Governor met with several department […]
A reliable source at the Central Bank of Libya exclusively denied to our source the authenticity of the report attributed to an anonymous entity claiming to be the “Crisis Group.” According to the source, in alignment with accounting policies and international standards for presenting the Central Bank of Libya’s assets at their fair value — […]
Following recent events in the country, Wahda Bank announced it will enter into partial civil disobedience starting Saturday, May 17, 2025. The decision includes the full closure of all branches located in areas classified as unsafe and the suspension of all in-person banking services in these affected areas until further notice. The bank will continue […]
The International Crisis Group confirmed exclusively to our source that the circulated statement regarding the reassessment of gold reserves at the Central Bank of Libya, allegedly at the request of the Government of National Unity, is fabricated and completely false. The International Crisis Group also denied issuing any report on the matter.
NBC News reported today, Saturday, that the Trump administration is working on a plan to permanently relocate up to one million Palestinians from the Gaza Strip to Libya, according to five individuals familiar with the matter who spoke to NBC News. Two individuals with direct knowledge of the plans and a former U.S. official said […]
The newspaper Africa Confidential reported that Colonel Muammar Gaddafi had hidden billions of dollars in American banks, and now influential figures in Libya are competing to gain control over this hidden wealth. The struggle for this fortune has ignited a fierce political battle in Tripoli — a battle so intense that it forced the official […]
ReliefWeb reported on Monday that the cost of the basic spending basket in Libya rose by 2.2% in March, reaching 902.92 Libyan dinars. This marks a reversal after two consecutive months of decline, indicating renewed inflationary pressure on the purchasing power of households. According to the website, this nationwide increase is due to rising costs […]
Our source has obtained a letter from the Central Bank of Libya addressed to commercial banks, containing its instructions to extend the use of high-value cheques exceeding 250,000 dinars through the ECC system, limited to public entities only, until April 30. Customers are to be informed that the alternative to cheques is to conduct transfers […]
Our source has obtained a contract between Al-Madar Al-Jadeed Company and Al-Nasr International Group for General Contracting and Investment to carry out comprehensive maintenance work on Al-Zarrouq Island in Misrata, valued at 2.086 million Libyan dinars. Our source also obtained a copy of another contract between Al-Madar and Earth Media for Media Services worth 2.5 […]
The Chairman of the Libyan Ports Company sent a communication to the commissioners of shipping companies and agencies regarding the implementation of adjustments for collecting due revenues in foreign currency, starting from May 11, 2025, including vessels docked at the ports during this date. This comes in reference to the decision of the Central Bank […]
The Washington Institute for Near East Policy stated on Saturday that Libya is a corrupt state, and that it could have been a wealthy country if its oil wealth had been properly managed. It could have met the needs of its population and contributed to regional development. Instead, two major economic policy failures led to […]
A report by CNN has revealed dramatic details surrounding an attempt to deport migrants from the United States to Libya as part of a strict policy pursued by former President Donald Trump’s administration — an operation that was suddenly halted at the last minute. According to CNN, a military flight was canceled at the last […]
