The oil-focused website OilPrice reported on Thursday that Libya aims to boost its oil production to 2 million barrels per day by 2028, through new bidding rounds designed to attract major international oil companies. According to the site, rising political instability threatens to trigger a new oil blockade and production disruptions. The report pointed out […]
The German website Blitz reported on Tuesday that the takeover of the Abu Salim district in the capital Tripoli involves critical financial infrastructure. When a rival faction was eliminated under the guise of a government-led “purge,” control of Abu Salim shifted to forces loyal to the Government of National Unity (GNU). These forces now control […]
The Central Bank of Libya has announced that its Board of Directors has convened and issued decisions to withdraw several “old issues” of banknotes from circulation — confirming the exclusive report published by our source in recent days. The decision takes effect starting June 17, 2025, with the final deadline for commercial banks and their […]
Our source at the Central Bank of Libya revealed to that the Central Bank has uncovered an illegal printing of the 50-dinar denomination, confirming that the bank officially received over 3 billion dinars more than the original printed amount (13.5 billion dinars), bringing the total recorded amount of 50-dinar notes to more than 16 billion […]
Our source has exclusively obtained a circular from the Director of the Issuance Department at the Central Bank, addressed to commercial banks, outlining the mechanism for implementing the decision to withdraw certain currency denominations from circulation (1 dinar, 5 dinars, and 20 dinars). Key points of the circular:
Written by financial analyst Khaled Al-Zantouti: With all due respect to every viewpoint, a budget by definition implies capping—each expenditure item listed in the budget is inherently limited to a specific amount. Likewise, all items in the budget are labeled—meaning they are devoted to a particular purpose. In emergencies, there are reserves that can be […]
Written by Professor of Political Economy Mohammed Belqasem Al-Barghouti: The Proposal for Budget Capping and Labeling – A Serious Step Toward Fiscal Discipline That Restores the State’s Authority Amid Libya’s complex economic landscape—where resources are drained and traditional tools fail to bring financial stability—Professor Mohammed Al-Safi’s proposal for “budget capping and labeling” stands out as […]
Ahmed Zaher wrote an article entitled: “Libya and the Curse of Oil – When the Economy Devours Society“: Great wealth doesn’t always produce great nations; sometimes, it yields even greater corruption—because when abundance precedes awareness, it turns from a blessing into a curse. When Libya transitioned from a feudal system to capitalism, the consequences of […]
Ourr source has exclusively obtained a decision issued by the Government of National Unity to withdraw key powers from the Ministry of Economy, headed by Mohamed Al-Huwaij, specifically those related to the management of companies, trademarks, and commercial agencies, transferring them to the Commercial Registry Authority. In addition, our source has also obtained another exclusive […]
Our source has obtained a copy of a letter from the President of the Presidential Council, Mohamed Al-Menfi, addressed to the Speaker of the House of Representatives, Aguila Saleh. In the letter, Al-Menfi requests the submission of the draft budget proposal by the executive authority. This request is conditioned on prior consultation with the High […]
British agency Global Platts reported on Thursday that Libya’s oil production rose to its highest level at 1.23 million barrels per day, according to a Platts survey conducted by S&P Global Commodity Insights on June 10, despite escalating political tensions in the country. According to the agency, the survey found that crude oil production in […]
Oil expert Eng. Massoud Shriha told Sada that the Central Bank of Libya’s report clearly indicates that Libya’s oil production figures align with those provided by OPEC, effectively putting an end to ongoing debates and enhancing the credibility of the organization. Shriha also raised a critical question regarding the allocation of funds exceeding 65 billion […]
The website XP Group Marks revealed that over the past few years, XP Group has expanded its international presence with projects in several countries, including Libya. The company has secured eight concession licenses and three major 15-year production enhancement contracts, bolstering its reputation as a trusted partner for energy companies and international operators. According to […]
Tripoli activists issued a statement regarding what was presented in the House of Representatives session held on June 3, 2025, stating:“We followed the House of Representatives session in which some members attempted to pass a budget that exceeds the value of revenues, at a time when oil prices—Libya’s main source of income—are declining.” They also […]
The economic expert Mohamed Al-Safi writes: A lost decade of Libyan economic policy. Since 2014, the Libyan economy has faced a prolonged period of contraction and instability—what I refer to here as a “lost decade” in Libya’s economic history. Libya has been severely impacted by political division, armed conflict, and unsustainable fiscal policies, which together […]
