Customs Authority thwarts attempt to smuggle over €123,000 through Mitiga Airport
Dec 21 Sami Zaptia

Customs Authority thwarts attempt to smuggle over €123,000 through Mitiga Airport

Libya’s Customs Authority reported yesterday that last Friday (19 December) members of the Investigation Unit of the Tripoli Anti-Smuggling and Narcot...

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CBL Governor urges executive authorities to take measures to close unlicensed foreign exchange bureaux, prohibit imports outside the banking system
Dec 19 Sami Zaptia

CBL Governor urges executive authorities to take measures to close unlicensed foreign exchange bureaux, prohibit imports outside the banking system

The Governor of the Central Bank of Libya, Naji Issa, has sent several letters, widely leaked today to Arabic-language Libyan media, to the Tripoli ba...

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Ministries of Economy and Planning discuss the draft indicative import budget for 2026
Dec 19 Sami Zaptia

Ministries of Economy and Planning discuss the draft indicative import budget for 2026

‎The Tripoli based Libyan government announced today that Minister of Economy and Trade, Mohamed Al-Hwej, and the Acting Minister of Planning, Mohamme...

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PM Aldabaiba meets CBL Governor Issa to follow up on financial situation and efforts to ensure provision of cash and improve level of banking services
Dec 18 Sami Zaptia

PM Aldabaiba meets CBL Governor Issa to follow up on financial situation and efforts to ensure provision of cash and improve level of banking services

With the background of global prices of a barrel of oil (Brent Crude) falling to US$ 55, negatively affecting the Libyan state’s main revenue, the Lib...

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‘‘From Rents to Economic Diversification: Reality - ‎‎Challenges - and Transformation Policies’’ conference held in Tripoli
Dec 17 Sami Zaptia

‘‘From Rents to Economic Diversification: Reality - ‎‎Challenges - and Transformation Policies’’ conference held in Tripoli

‎The annual conference of the Faculty of Economics at Al-Margeb University was held yesterday at the headquarters of the National Council for Economic...

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Aldabaiba defends subsidies, grants, overspending, over-employment – will support housing but not corruption
Dec 12 Sami Zaptia

Aldabaiba defends subsidies, grants, overspending, over-employment – will support housing but not corruption

Tripoli based Libyan Prime Minister, Abd Alhamid Aldabaiba participated yesterday, in the Government Communication Forum as part of the Tripoli Media...

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Libyan banks cannot give loans without proper collateral and regulations that allow for recourse in case of default: Tadawul Tech Chairman Naaman Elbouri
Dec 11 Sami Zaptia

Libyan banks cannot give loans without proper collateral and regulations that allow for recourse in case of default: Tadawul Tech Chairman Naaman Elbouri

Speaking during the second session of day two of the 6th Annual Banking Sector Development Forum held in Tunis, 7–8 December, Chairman of Tadawul Tech...

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Banking Forum in Tunis Concludes with Strong Calls for Monetary Discipline, Exchange Rate Policy Reform, and Structural Financial Overhaul
Dec 9 Sami Zaptia

Banking Forum in Tunis Concludes with Strong Calls for Monetary Discipline, Exchange Rate Policy Reform, and Structural Financial Overhaul

The 6th Annual Libyan Banking Sector Development Forum (SDF) held in Tunis from 7 to 8 December concluded optimistically yesterday with a set of stron...

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CBL issues new licenses to another 91 FX Bureaux – but no announcement of when they may start trading as the LD plunges to 8.17 per dollar
Dec 9 Sami Zaptia

CBL issues new licenses to another 91 FX Bureaux – but no announcement of when they may start trading as the LD plunges to 8.17 per dollar

‎The Central Bank of Libya (CBL) announced today the granting of new final practice permits to 91 companies and foreign exchange bureaux. The announc...

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State sector employment at 2.4 million is too high – but there is no financing support for the private sector to encourage its decrease
Dec 8 Sami Zaptia

State sector employment at 2.4 million is too high – but there is no financing support for the private sector to encourage its decrease

Speaking at today’s live-streamed session on ‘‘Financial Rebalancing and Addressing the Foreign Exchange Deficit’’ at the 6th Banking Sector Developme...

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