Exclusive: Confirming What Sada Published… The Central Bank Begins Selling $1.5 Billion Through the Foreign Currency Sale System
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The Central Bank of Libya revealed in a statement exclusively to our source that it actually began at 9 a.m. selling $1.5 billion to commercial banks—$500 million for personal purposes as full settl…
Upstream: Major Investment Announcement Coming Soon in Libya’s Largest Oil Fields
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The website Upstream revealed on Sunday that three companies holding stakes in one of Libya’s most important onshore oil assets are expected to sign an agreement “soon” to nearly double production t…
Exceptions by Al-Huwaij Ignite Fish Prices in the Libyan Market
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Despite his previous decision to ban fish exports and its subsequent withdrawal, the Minister of Economy in the Government of National Unity, Mohamed Al-Huwaij, has returned to grant approvals to se…
Exclusive: Zantouti to Sada: 7% Commission Tempts Currency Dealers, Exchange Companies Could Become a “Legit Mushir Market”… and I Doubt the Central Bank’s Ability to Control It
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Financial analyst Khaled Al-Zantouti told our source in an exclusive statement: “I am undoubtedly in favor of these regulatory measures — but what matters is their implementation.”
He added: “Exc…
Exclusive – Unwritten Orders Put the Director of Trademarks Behind Bars… Al-Huwaij Under Fire
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Exclusive sources told Sada Economic Newspaper that the Minister of Economy in the Government of National Unity, Mohamed Al-Huwaij, is the one responsible for the imprisonment of the Director of the…
Exclusive: Central Bank Expects Dollar to Drop to 7.5 Next Week After Injecting $1.5 Billion Through the Forex System
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A senior official at the Central Bank of Libya stated exclusively to our source: “We expect the dollar to fall below 7.50 LYD next week following the injection of $1.5 billion through the foreign ex…