First Independent Mena Newspaper
The Central Bank of Libya (CBL) has announced an extension for the circulation and acceptance of the first and second editions of its 50-dinar banknotes, providing relief to both Libyan citizens and financial institutions amid ongoing economic challenges. This move aims to mitigate concerns over the potential disruption caused by the withdrawal of the banknotes. […]
The G7 Foreign Ministers, along with the EU High Representative, reaffirmed their commitment to Libya’s stability, sovereignty, and unity during a meeting in New York on September 25. They expressed concerns over recent leadership transitions within the High Council of State (HCS) and the Central Bank of Libya (CBL), emphasizing the fragility of Libya’s governance. […]
The National Oil Corporation (NOC) has solidified strategic cooperation agreements with telecommunications providers Al-Madar, Libyana, and Hatif Libya, as part of the “Toward Smart Oil Cities” initiative. The primary objective of these agreements, signed on September 25, is to modernize and enhance digital infrastructure across Libya’s oil-producing regions. These agreements aim to incorporate state-of-the-art communication […]
Italian oil company Eni announced on September 24 that it will begin onshore exploratory drilling in Libya’s Ghadames Basin next month, with plans to launch an offshore drilling campaign in the Sirte Basin by the end of 2025. Speaking at the Libyan-Italian roundtable in Rome, Martina Obizzi, President of the North Africa and Levant region […]
The political deadlock in Libya continues, with the country facing a major crisis following the Libyan Presidential Council’s decision to dismiss Central Bank Governor Al-Siddik al-Kabir over a month ago. The Council’s move to appoint a new Governor and Management Committee has intensified divisions within the country, as this authority lies with Parliament and the […]
On September 23, Mohammed Al-Huwaij, the Minister of Economy in the Government of National Unity, assured the public that Libya maintains a strategic reserve of essential food supplies sufficient for at least three months. He also announced that letters of credit would be opened within the week to facilitate the import of these goods. Al-Huwaij […]
Tripoli is hosting the Arab Forum for volunteering work and support of people with disabilities meant to implement an Arab strategy in these fields, especially during epidemics and crises. The opening ceremony of the forum took place on Sunday September 22 in the presence of the Prime Minister of the Government of National Unity, Abdul […]
The Central Bank of Libya (CBL) has formally dismissed what it describes as erroneous information and speculative reports regarding its recently disclosed financial statements. In a statement issued on its official Facebook page on September 19, the CBL highlighted that the data on public revenues and expenditures were published in full compliance with transparency protocols […]
The Minister of Finance for the Government of National Unity (GNU), Khalid Al-Mabrouk, met with Sophie Kemkhadze, the Resident Representative of the United Nations Development Program (UNDP) in Libya, to discuss strengthening collaboration on completing the public finance reform project and advancing financial digitization in Libya. Talks focused on enhancing cooperation in medium- and short-term […]
The Speaker of the Libyan House of Representatives (HoR), Aqila Saleh, praised the recent rapprochement between Egypt and Turkey, stating that it plays a crucial role in resolving the Libyan crisis and facilitating the withdrawal of foreign forces from the country. In a statement to Russian news agency Sputnik on September 17, Saleh said that […]