Libya’s central bank advises against illegal foreign exchange
In a leaked letter, the Central Bank of Libya (CBL) urged foreign missions and international organisations operating in Libya to...
Libyan economy
Libya: bank urges use of licensed foreign exchange offices
The Central Bank of Libya (CBL) has instructed all foreign missions and international organisations in Libya to advise their citizens...
Libyans queue for fuel despite assurances of adequate supply
A deepening fuel shortage is gripping parts of Libya, with queues stretching for kilometres and daily life increasingly strained, as...
Libya bans pricing at black-market rates
Libya’s Minister of Economy and Trade, Mohamed Al-Hwaij, has issued a new measure, banning companies from pricing goods using black-market...
Libya’s state-owned telecom firm reveals losses from violations
Libya’s state-owned telecommunications company has revealed that financial mismanagement led to the loss of hundreds of millions of dinars, as...
Libya announces price control measures to stabilise local markets
Libya has announced a package of price control measures designed to regulate local markets and stabilise volatile prices as part...
Rising food and medicine prices in Libya erode purchasing power
Rising prices in Libya are rapidly eroding household purchasing power, with the price of food and pharmaceuticals increasing up to...
Libya’s Planning Minister prioritises digitalization of banking sector
Libya’s Planning Minister Mohamed Al-Zidani has prioritised the importance of digital transformation in the country’s banking sector to drive investment...
Libya’s need for economic reform discussed at Central Bank meeting
In the wake of instability in the banking sector, Libya’s Speaker of Parliament met with the Central Bank to discuss...
Libya’s economic growth forecasts are optimist, says new report
The Arab Monetary Fund’s Economic Outlook report, released this week, has forecasted Libya’s economy to expand by 14.3% this year,...
Libyan oil company hits highest production levels in 20 years
Libya’s Sirte Oil Company has hit its highest level of daily crude oil production in 20 years, according to the...
Libya: first international oil exploration since 2007
After nearly two decades, Libya is stepping back into the international oil and gas arena, launching its first major exploration...
Libya: oil industry losing millions to corruption
Financial and administrative corruption have led to losses in Libya’s oil sector of more than $294 million over the first...
EU pushes Libya towards economic reforms
European Union Ambassador Nicola Orlando met with Libya's Central Bank Governor Naji Issa to address the country's economic challenges. According...
