The International Monetary Fund revealed in a report that the extremely low prices of oil and electricity encourage smuggling across borders, and it is likely that the sharp increase in the quantiti…
The Turkish newspaper PaTurkey reported on Thursday that Turkish authorities have launched a comprehensive investigation into money laundering involving suspicious point-of-sale transactions worth o…
The Arab Weekly reported on Thursday that Libya’s decision to halt the oil-for-fuel swap system, which it relied on to secure fuel imports in exchange for oil exports, has worsened the financial cha…
A report published by Africa Confidential magazine has revealed the network of American banks used by Muammar Gaddafi to secretly transfer around $50 billion out of Libya between 1994 and 2011.
A…
The Italian news agency Nova reported on Sunday that Italy reaffirmed its position as Libya’s main trading partner during the first quarter of 2025. Despite a slight decrease in total trade volume…
The French intelligence website Africa Intelligence reported that German company BASF is seeking to separate from its Russian partner in Wintershall, as the chemical giant has so far been unable to…
British agency Global Platts reported on Thursday that Libya’s oil production rose to its highest level at 1.23 million barrels per day, according to a Platts survey conducted by S&P Global Comm…
The newspaper Africa Confidential reported that Colonel Muammar Gaddafi had hidden billions of dollars in American banks, and now influential figures in Libya are competing to gain control over this…
ReliefWeb reported on Monday that the cost of the basic spending basket in Libya rose by 2.2% in March, reaching 902.92 Libyan dinars. This marks a reversal after two consecutive months of decline…
The Washington Institute for Near East Policy stated on Saturday that Libya is a corrupt state, and that it could have been a wealthy country if its oil wealth had been properly managed. It could ha…
