Libyan bank selects Temenos T24 core banking software

Alejma'a Alarabi Bank has selected Temenos T24 core banking software to help drive its vision of becoming one of the leading private banks in Libya. T24 will be deployed with Temenos solutions for channels, financial crime…

US dollar against Libyan dinar skyrockets to near LYD8

The Libyan dinar has sharply dropped in value on Sunday starting in a hike from 6.60 on Friday to 7.75 per one US dollar on Sunday at the black market.  The Libyan dinar to US dollar exchange rates at the central bank are still at…

Protesters threaten more oil output disruptions in Libya

Protesters have called on workers at the Waha oilfield in eastern Libya to shut down production but it was unclear whether output had actually stopped, a spokesman for the protesters said on Wednesday. The group of youths had earlier…

Unemployed youths vow to shut down key Libya oilfield

Several unemployed Libyan youths vowed on Sunday to shut down oilfields in Marada town in the eastern Libyan region unless demands for better state services are answered by the government. An oil engineer reported to Reuters that…

EU mulls Iran central bank transfers against US sanctions

The European Commission is proposing that EU governments make direct money transfers to Iran’s central bank to avoid U.S. penalties, an EU official said, in what would be the most forthright challenge to Washington’s newly reimposed…

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