Business

CBL governor said will do his best to fight “war on Libyan currency”

  • 23 April 2017 - 20:43
CBL governor said will do his best to fight “war on Libyan currency”

The governor of the Central Bank of Libya (CBL) said he won't stand and watch the current war that is waged on the Libyan dinar and he is going to interfere with all his authorities to enhance the financial conditions of the country. In a press conference in Tripoli on Sunday, Al-Siddiq...

Libya’s PIB to announce new investment opportunities at LIS 2017

  • 19 April 2017 - 11:08
Libya’s PIB to announce new investment opportunities at LIS 2017

Louai Bensasi, the Chairman of the Libya Privatization and Investment Board shares some exclusive insights on what to expect at the Libya Investment Summit 2017! You recently requested that the dates for the Libya Investment Summit be moved to 9-11 May 2017. Could you please explain the...

Gas and Fuel Commission: Fuel is available all across Libya

  • 17 April 2017 - 14:33
Gas and Fuel Commission: Fuel is available all across Libya

The Gas and Fuel Committee has assured Libyans that the fuel and gas are available all across Libya in all stations, thanks to the results of the The Mediterranean Storm Operation that almost ended fuel smuggling. The Commission called on all Libyans to keep supporting it and its personnel...

Governor of CBL to hold press conference to explain current economic crisis

  • 13 April 2017 - 15:47
Governor of CBL to hold press conference to explain current economic crisis

The Governor of the Central Bank of Libya (CBL), Al-Seddiq Al-Kabir, will hold a press conference in the few coming days to respond to the current rumors and chaos created over the economic crisis in Libya. According to the CBL's statement, Al-Kabir will try to outline the policies adopted...

Libyan state oil firm retrieves 9000 bpd by reopening Wafa oil field

  • 13 April 2017 - 13:30
Libyan state oil firm retrieves 9000 bpd by reopening Wafa oil field

The National Oil Corporation of Libya based in Tripoli announced lifting the state of force majeure on the oil field of Wafa after the armed groups took their hands off the pipelines that connect the field to Melitah Oil and Gas facility. Towards the end of March, an armed group and several...

NOC: No oil field’s runway was used by military warplanes

  • 12 April 2017 - 13:30
NOC: No oil field’s runway was used by military warplanes

The National Oil Corporation (NOC) has rejected the accusations of the Government of National Accord Defence Minister's Desert Anger Operation Spokesman, Salem Abu Rawi that it had allowed the use of the Al-Feel Oil Field's runway in military airstrikes by Operation Dignity on southern targets for...

Armed group breaks into house of Central Bank of Libya’s Governor

  • 11 April 2017 - 23:22
Armed group breaks into house of Central Bank of Libya’s Governor

The house of Al-Seddiq Al-Kabeer, the Governor of the Central Bank of Libya, came under attack by an armed group on Monday. The armed group broke into Al-Kabeer's house in Nufiliyeen area in Tripoli in an endeavour to kidnap him in retaliation of the current tragic rocketing of prices in...

Dollar exchange rates fly high reaching LYD8.50 per $1

  • 10 April 2017 - 22:45
Dollar exchange rates fly high reaching LYD8.50 per $1

  The Libyan markets have been set ablaze on Monday evening after the one dollar registered 8 Libyan dinars in the black market. For the first time in Libyan history, $1 was exchanged for LYD8.50 on Monday in the black market, while the by official rates, which are enjoyed by...

Ras Ajdair border between Libya and Tunisia is open, officials say denying rumors

  • 10 April 2017 - 14:35
Ras Ajdair border between Libya and Tunisia is open, officials say denying rumors

The Ras Ajdair border crossing between Libya and Tunisia is still open from both sides with normal travelling movement, according to officials working at the border from both countries. On Sunday rumors spread on social media saying that the Tunisian part of the border had been shut...

Libyan dinar falters as $1 soars to LYD8 while three Libyan governments dilly-dally

  • 9 April 2017 - 19:16
Libyan dinar falters as $1 soars to LYD8 while three Libyan governments dilly-dally

The exchange rates of the US dollar against the Libyan dinar have soared today evening reaching LYD8 per dollar in the black market. The official exchange rate for the dollar at the Libyan Central Bank is LYD1.44. This new economic tragedy for the oil-rich country makes even more...