In an Interview with Bloomberg… National Oil Corporation Reveals Signed Contracts with Global Oil Companies
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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 si…
World Bank: Libya Needs Numerous Reforms to Strengthen Non-Oil Sectors and Reduce Volatility
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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 o…
Exclusive: Central Bank Begins Processing Letters of Credit and Personal Use Requests Allocated $1 Billion This Week
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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…
Exclusive: Central Bank Reveals Imminent Launch of Electronic System for Letters of Credit – Here Are the Details
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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 start…
Exclusive… Central Bank Governor Requests the Minister of Finance to Issue Instructions to Customs Authority to Require All Suppliers Using Non-Approved Payment Methods to Provide Documentation
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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…
Exclusive… Central Bank Governor Directs Banks to Open Foreign Currency Accounts for Licensed Exchange Offices and Companies
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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…