Business Finance Headlines Libya

Libya: Major crisis at the head of the Central Bank causes the dinar to fall against the dollar

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 […]

Headlines Libya

Tripoli hosts Arab Forum for volunteering work, support of people with disabilities

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 […]

Finance Headlines Libya

The Central Bank of Libya dismissed “rumors” about its financial data

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 […]

Headlines Libya

UNDP supports Libya achieve public finance reform, digitization project

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 […]

Egypt Headlines International Libya

Egypt-Turkey rapprochement, an opportunity to resolve Libya’s crisis, HoR’s Speaker says

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 […]

Egypt Europe Headlines International Libya

Russia’s Lavrov calls for appointing new UN envoy to Libya

Russian Foreign Minister Sergey Lavrov has called for the swift appointment of a new UN envoy to Libya. He made this appeal during a joint press conference with Egyptian Foreign Minister Badr Abdel Aati in Moscow. The Egyptian Foreign Minister on his part emphasized the need for the Libyan people to determine their own future. […]

Finance Headlines Libya

Libya: CBL restores stability and reconnects with international banks

Libya’s Central Bank (CBL) has stabilized operations and reestablished ties with international banks, according to Asim Al-Hajjaji, Director of Compliance. Speaking to Italy’s Nova news agency on September 15, Al-Hajjaji highlighted the bank’s focus on aligning with global regulations and improving transparency. Key efforts include strengthening internal operations and implementing strict measures to combat money […]

Features Headlines Libya

Libya: Amnesty calls for end to impunity for Haftar’s forces

Amnesty International has condemned the ongoing impunity for deaths in custody and severe human rights abuses committed by armed groups under Khalifa Haftar’s command. In a report released on September 11, the organization highlighted how this impunity has enabled Haftar’s Internal Security Agency to escalate its repression of critics and political opponents, targeting politicians, activists, […]

Business Finance Headlines Libya

CBL discusses dinar recovery with Oil ministry and NOC

Libya’s Central Bank (CBL) Acting Governor, Abdul Fattah Ghaffar, held a pivotal meeting with Oil and Gas Minister Khalifa Abdul Sadiq and National Oil Corporation (NOC) Acting Chairman Masoud Suleiman. The meeting’s venue was the Central Bank headquarters in Tripoli, medias reported on September 10. The purpose of this high-level discussion was to explore strategies […]

Libya

Two dead, three injured in clashes in Libya’s Al-Khums

The Joint Health Chamber in Al-Khums Municipality has declared a state of emergency following clashes in the city on Wednesday night and Thursday morning. Al-Khums Education Hospital reported receiving the bodies of two individuals who were killed, along with three others who were injured. Emergency responders from the Ambulance and Emergency Department, as well as […]