Exclusive: Central Bank Board Decides to Inject Over $2 Billion to Cover Letters of Credit and Personal Purposes Starting December
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The Central Bank of Libya revealed exclusively to our source that the Board of Directors has decided to inject more than $2 billion to cover existing letters of credit and personal-use allocations f…
Al-Sharif Writes: “A Proposal to Address the Social Security Fund’s Inability to Implement Pension Increases Under Law No. 5 of 2013”
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The economic expert Idris Al-Sharif has written a proposal to address the Social Security Fund’s inability to implement the pension increases stipulated under Law No. 5 of 2013.The Social Security F…
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…