Exclusive: Central Bank Issues Strict Warning to Banks: Tighten Letter of Credit Procedures or Face Penalties
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Our source has exclusively obtained a circular from the Central Bank of Libya addressed to commercial banks and their compliance units regarding the issuance of letters of credit. This follows the b…
Municipal Guard to Sada: “Any shop that does not provide electronic payment methods will be shut down, and the boycott campaign continues”
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The First Deputy of the Municipal Guard Authority, Mohamed Al-Naem, explained to our source the reasons behind the boycott campaign launched by several food retailers in response to some companies e…
Exclusive: Husni Bey to Sada: “This is What We Hope to Achieve Through Unifying Development Spending”
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Libyan businessman Husni Bey told our source in an exclusive statement: “There has been widespread welcome for the new Libyan agreement, the ‘Unified Development Program.’”
He added: “The Libyan…
Abu al-Qasim to Sada: The success of unifying development spending depends on these complementary measures… details inside
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The Head of the Accounting Department at the Libyan Academy, Abubakr Abu al-Qasim, wrote exclusively: The development spending agreement is a step we value — but…
He continued: “After numerous ap…
Exclusive: Al-Farsi to Sada: “Unifying Development Spending Supports Exchange Rate Stability and Spares Libya Currency Devaluation”
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Professor of Economics at Benghazi University, Dr. Ayoub Al-Farsi, exclusively told our source regarding the signing of the Unified Development Program agreement that it is the fruit of the Central…
Exclusive: Ali Al-Sharif: “The Agreement Between the House of Representatives and High Council of State Paves the Way for Unifying Remaining Financial Items and Constitutes a Practical Step in Regulating the Funding Paths for Development Projects”
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The Professor of Economics at Benghazi University, Ali Al-Sharif, stated: “Against the backdrop of the accelerating urban revival witnessed in the eastern and southern regions of the country, the ag…