Rabie Shrair Calls on NOC Chairman and Central Bank Governor to Halt Dealings with Oracle
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Rabie Shrair, head of the Forums for Sector Development, has urged Libyan banks and oil companies to urgently seek immediate alternatives to Oracle’s systems after evidence surfaced of the company’s…
Zambian Diplomat Reveals Scandal Involving Libyan Under Investigation for Embezzlement
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A Zambian diplomat named Emmanuel Mwamba has revealed a scandal involving a Libyan national who is under investigation for embezzling $800,000.
According to the diplomat, Shukri Al-Juaidi, a Liby…
Spanish Newspaper: Barcelona Withdraws from Agreement to Play Friendly Match in Libya and Returns €5 Million
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The Spanish newspaper Barca News reported on Saturday that FC Barcelona has faced financial difficulties in recent years, leading the club to participate in numerous friendly matches — in addition t…
Exclusive: Central Bank Continues Injecting Foreign Currency and Opens Sales for Personal Use Allocations Tomorrow
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The Central Bank of Libya revealed exclusively to our source that starting tomorrow, it will continue granting approvals for letters of credit worth $1 billion, bringing the total approvals by the e…
Exclusive: Arrest of former General Manager of Jumhouria Bank “Abdulrazaq Al-Tarhouni” amid wide campaign to cleanse the banking sector
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Exclusive sources told our source that the former General Manager of Jumhouria Bank, Abdulrazaq Al-Tarhouni, who had previously been dismissed by the Governor of the Central Bank of Libya, was arres…
Al-Zantouti to Sada: “If Reserves Are Exhausted Without Diversified Income Sources, We Will Return to the Days of Poverty “
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Financial expert Khaled Al-Zantouti told Sada Economic Newspaper that the rise in reserves for a country like Libya—which depends on a single source of income in a highly volatile oil market and has…