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Libya’s PM: Maritime Border Central to Security, Sovereignty

23Apr

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Business, News, Politics

Libya’s PM: Maritime Border Central to Security, Sovereignty

Tripoli— "The maritime border issue is a sovereign issue that touches on the core of Libyan national security and cannot be addressed with a technical logic separate from the national political decis...

Libya: CBL, GNU, Parliament Rush to ‘Explore’ Deepening Economic Crisis

18Apr

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Business, Libya, News, Politics

Libya: CBL, GNU, Parliament Rush to ‘Explore’ Deepening Economic Crisis

Tripoli— "It is necessary to initiate a package of economic reforms in order to raise and improve the standard of living according to a rapid action plan," the Governor of the Central Bank of Libya (...

Libya: IMF Says Unified Budget Key to Economic Reform

17Apr

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Business, News, Politics

Libya: IMF Says Unified Budget Key to Economic Reform

Washington— In its "Staff Concluding Statement of the 2025 Aric IV Mission," the International Monetary Fund (IMF) stressed Wednesday that Libyan authorities need to pursue efforts to establish a uni...

Libya: Unified Budget Law Sent to Parliament for Debate

16Apr

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Business, News, Politics

Libya: Unified Budget Law Sent to Parliament for Debate

Al-Qubba--The Speaker of the House of Representative Agila Saleh received on Monday the draft law of a unified general budget for the year 2025 at his office in Al-Qubba city. If approved by the P...

Libya: CBL Governor Fails to Show Up for Hearing in Parliament

16Apr

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Business, News, Politics

Libya: CBL Governor Fails to Show Up for Hearing in Parliament

Tripoli— The Governor of the Central Bank of Libya (CBL) Naji Issa has failed to show up in Parliament for a previously scheduled hearing on Tuesday 15 April. He has been strongly criticized for such...

EmaarLibya, Italian-Libya Chamber of Commerce Sign MoU

13Apr

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Business, Libya, News

EmaarLibya, Italian-Libya Chamber of Commerce Sign MoU

Benghazi— Libya and Italy are moving quickly to strengthen economic cooperation in the private sector as competition among nations to gain part of the huge Libyan potential intensifies. On 11 Apri...

FULL TEXT: Libya’s Central Bank’s Statement on 6 April

8Apr

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Business, News, Politics

FULL TEXT: Libya’s Central Bank’s Statement on 6 April

Tripoli— On 6 April, the Central Bank of Libya (CBL) announced a 13.3% devaluation of the dinar against special drawing rights (SDRs), increasing the value of the dollar by 5.5677 dinars. Under this ...

Libya’s Central Bank Says Illegal Migrants Cost Country $7 Billion Annually

8Apr

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Business, News, Politics

Libya’s Central Bank Says Illegal Migrants Cost Country $7 Billion Annually

Tripoli— The Central Bank of Libya (CBL) says the influx of illegal migration drains the country of $7 billion annually, according to an official statement published by the bank on 6 April. The CB...

Libya: NOC Denies Veracity of Africa Intelligence’s Report on Oil Smuggling

22Mar

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Business, News, Politics

Libya: NOC Denies Veracity of Africa Intelligence’s Report on Oil Smuggling

Tripoli--The National Oil Corporation (NOC) denied what it described as "allegations" in a report by the Africa Intelligence website, which covered "leaks attributed to the UN Security Council's Inte...

Libya: Parliament, CBL Discuss Unifying Public Spending

21Mar

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Business, News, Politics

Libya: Parliament, CBL Discuss Unifying Public Spending

Al-Qubba—The Speaker of the Parliament Agila Saleh and Governor of the Central Bank of Libya (CBL) Naji Issa met Thursday in Al-Qubba city and dealt with the need to control and unify public spending...