CBL governor meets with global finance leaders

The Governor of the Central Bank of Libya (CBL), Naji Issa, recently attended the IMF's annual meetings in Washington DC, where he took the opportunity to engage with prominent figures in the international finance sector. He held…

New wells inject life into Libya’s economy

Libya's National Oil Corporation (NOC) has announced the successful completion of two new wells at its Sharara oil field, adding 7,000 barrels per day to the nation's production. Drilled by Akakus Oil Operations, the wells, designated…

Somalia: Security cameras fuel fear in Mogadishu

In an effort to combat the persistent threat of al-Shabaab, Somalia's capital has been blanketed with a network of CCTV cameras. While authorities assert that the surveillance system is crucial for monitoring militant activity and…

Libya mandates Advance Cargo Data for Imports

From 1st November 2024, all goods entering Libya will require advance registration under a new system designed to modernise customs and speed up the import process. The Libyan Customs Authority announced the mandatory adoption of the…

Libya’s Central Bank: A fresh start after years of turmoil

In a move welcomed by the United Nations, Libya’s Central Bank has a new Board of Directors. The appointments, announced on Monday by the Presidency of the House of Representatives, follow a United Nations-brokered agreement and represent…

Libya condemns Turkey attack

Libya has issued a forceful condemnation of the deadly terrorist attack on a Turkish state-run aerospace and defence company, calling it a dangerous escalation that threatens global security. The attack, which unfolded earlier today at…

Libya strengthens fight against financial crime

The Central Bank of Libya has joined forces with the Libyan Asset Recovery and Management Office (LARMO) to bolster the nation's efforts in combating money laundering and terrorism financing. LARMO, established in 2017 with international…

North African leaders to hold summit in Libya

Algeria and Tunisia have confirmed a tripartite summit with Libya will be held in Tripoli in the near future. The announcement follows a meeting between Algerian Foreign Minister Ahmed Attaf and his Tunisian counterpart, Mohamed Ali…

Libyan MP predicts dollar tax reduction to 5% by Year-End

A Libyan MP has said a tax on US dollar purchases could be cut to 5% by the end of the year. Abdulmonem Al-Arfi told local media any reduction would need to be gradual to avoid disrupting the market. He praised recent moves by the Central…