The American Bloomberg Agency reported today, Wednesday, citing the National Oil Corporation (NOC) of Libya, that Chevron and TotalEnergies are competing in the first oil exploration bid in Libya since the conflict in 2011, aiming to help increase production. Masoud Suleiman, Chairman of the Board of the National Oil Corporation, said in an interview with […]
The World Bank revealed today, Tuesday, a report stating that the Libyan economy showed promising signs of recovery during 2024 and remained resilient despite challenges stemming from its reliance on hydrocarbons and the ongoing political and security instability. According to the World Bank’s latest report on Libya, the economy contracted by 0.6%, mainly due to […]
The Central Bank of Libya exclusively revealed to our source that it began this morning processing letters of credit and personal use requests allocated a total of $1 billion for this week. This move aims to stabilize the market and provide foreign currency to importers—especially small traders.
The Central Bank of Libya told our source exclusively: “As part of its commitment to fairness and equal opportunity among suppliers of goods and services, an electronic system will be launched starting in early August to accept letters of credit applications through banks. This system will allow suppliers to submit their requests digitally, and the […]
Our source has exclusively obtained a letter from the Governor of the Central Bank of Libya addressed to the Minister of Finance of the Government of National Unity. The letter requests the issuance of instructions to the Customs Authority obligating all suppliers using payment tools not approved by the Central Bank of Libya to submit […]
Our source has exclusively obtained a letter from the Governor of the Central Bank of Libya regarding his instructions to banks and licensed exchange offices and companies. The directive authorizes banks to open foreign currency-denominated accounts for exchange offices and companies that have been granted operating licenses by the Central Bank of Libya to conduct […]
The Governor of the Central Bank of Libya, in a letter addressed to the Minister of Economy of the Government of National Unity, called for the resumption of the suspended decision regarding the regulation of import and export activities. This decision stipulates that the practice of import, export, and re-export should be restricted solely to […]
The tech blogger “Amin Salih” wrote an article entitled: A harsh testimony about the Libyan telecommunications sector “Today, I share with you a personal testimony about the reality of the telecommunications sector in Libya, and the companies of the LPTIC, from a period I fully witnessed. And if this sector witnesses a collapse in the […]
The Central Bank of Libya told our source exclusively that it has agreed on a mechanism to inject $1 billion for letters of credit and personal use, and to settle all pending requests in the system, with work accelerating starting tomorrow, Tuesday. The Central Bank will continue monitoring all foreign currency requests from traders, including […]
Our source has exclusively obtained the decision issued by the Board of Directors of Al-Ahlia Cement Company, which stipulates a price adjustment for cement starting from July 1. According to the decision, the price of one ton of bagged cement produced by the company’s factories and delivered at the factory gate (on truck bed) will […]
Our source has exclusively obtained a letter from the Governor of the Central Bank of Libya addressed to the Minister of Interior in the Government of National Unity. In the letter, the Governor called for strict and deterrent measures to limit and eliminate the practice of buying and selling foreign currency outside official channels and […]
Our source that commercial banks have started swiftly approving letters of credit for small traders, following the Central Bank of Libya’s decision to set a credit ceiling of $300,000. The sources confirmed that any citizen applying for a letter of credit within this set limit now receives approval within just two days—an indication of the […]
Our source has exclusively obtained information about a meeting held at the Central Bank of Libya between the Governor and the heads of relevant departments. The meeting focused on the plan to inject no less than $1 billion through the letters of credit system and the personal use foreign exchange system during this week.
The English-language African news outlet APA reported on Sunday that Libya is expected to earn over $20 billion in oil revenues by the end of the year—provided current geopolitical tensions in the Middle East keep Brent crude prices above $100 per barrel. The site noted that this potential increase in income would benefit Libya, despite […]
Exclusive sources told our source that the South Tripoli Primary Court has issued its ruling regarding the appeal submitted by the President of the Administrative Control Authority, in his capacity, concerning the implementation of the Constitutional Chamber’s ruling in constitutional case No. 70/9Q. This case had previously ruled the unconstitutionality of Law No. 2 of […]
