Exclusive: Central Bank Aims to Keep Dollar Below 6.30 Before Ramadan, Policy Tied to Spending and Revenue
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The Central Bank of Libya told our source exclusively that its goal is to ensure the black market exchange rate of the dollar does not exceed 6.30 LYD before Ramadan, with a further target of 6.15 L…
Exclusive: National Commercial Bank Raises Withdrawal Limit and Transfers 140 Million to Commercial Banks on Orders from its General Manager
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Our source at the National Commercial Bank revealed: “When leadership is under wise and youthful management, the results are more progress, more success, and ever-evolving capabilities.”
The sour…
Exclusive: GECOL to Sada – We Were the First to Report Fuel Supply Shortages Worth $1.9 Billion
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Our source has obtained documents confirming that the General Electricity Company of Libya (GECOL) was the first entity to report a fuel supply shortfall estimated at $1.9 billion. The company offic…
Exclusive: Al-Griw to Sada – The LIA Will Optimize Asset Utilization for the First Time Since 2011 While Remaining Frozen
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In an exclusive statement to our source, Louay Al-Griw, advisor to the Libyan Investment Authority, emphasized the institution’s commitment to transparency. He highlighted that the UN Security Counc…
Exclusive: Audit Bureau Deputy Calls on Shakshak to Investigate Cases of Workplace Exploitation Due to Close Ties Between Bureau Officials and State Authorities
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Our source has obtained a letter from Atiyatallah Hussein Abdulkarim, Deputy of the Libyan Audit Bureau, addressed to its President, Khaled Shakshak. The letter highlights concerns over an increasin…
Exclusive: Audit Bureau Deputy Corresponds with Investment Authority and Central Bank Regarding the Disqualification of Mohamed Gergab from His Appointments
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Sada Economic has obtained a letter from Atiyatallah Hussein Abdulkarim, Deputy of the Libyan Audit Bureau, requesting the Chairman of the Libyan Investment Authority and the Governor of the Central…