Reuters: An Oil Project Could Bring Libya Significant Revenue… Here Are the Details
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Reuters reported on Tuesday that the American company Honeywell UOP has prepared a feasibility study to expand Libya’s largest oil refinery, as part of a comprehensive plan to develop the country’s…
Exclusive: Central Bank Circulates Guidelines to Banks on the Roles of Licensed Exchange Companies and Offices
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Our source obtained exclusively a circular from the Central Bank of Libya to banks regarding the activities conducted by licensed exchange companies and offices in foreign currency transactions…
Exclusive: Central Bank Authorizes Banks to Allow National Industrial Companies to Transfer Loan Installments from Foreign Banks or Financial Institutions
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Our source has obtained a copy of the Central Bank of Libya’s instructions to commercial banks, permitting national industrial companies operating in Libya—and meeting all legal requirements—to tran…
Exclusive.. Sources reveal: Sensitive powers leave the Ministry of Economy by decision of Al-Huwaij
Exclusive sources told our source that the Minister of Economy in the Government of National Unity, Mohamed Al-Huwaij, decided to transfer part of the ministry’s powers to a committee comprising fig…
Abu Snina writes: “The Economic and Psychological Effects of a Constant State of Waiting and Anticipation”
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Economic expert Mohamed Abu Snina wrote in an article:
“For years, Libyans have been accustomed to waiting—whether to obtain a commodity or service, to complete a certain procedure, to hear news…
Exclusive… Central Bank Circulates to Banks Allowing Foreign Currency Account Holders to Deposit up to $10,000 or Equivalent in Other Currencies
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Our source has exclusively obtained a circular from the Central Bank of Libya addressed to banks, permitting holders of foreign currency bank accounts—individuals and entities—to deposit cash into t…