Latest
Two million POS transactions in a single day across 67,000 points cause collapse of e-payment system - CBL apologises UNSMIL warns of escalation in Zawia and calls for restraint ahead of Eid al-Adha Minister of Economy and Trade affirms Ministry's orientation towards building a more disciplined and transparent business environment Labour Ministry developing specific, secure and healthy Labour Housing Project for legal expatriate workers Head of Airports Authority inaugurates first meeting tasked with testing readiness of systems and equipment at Tripoli International Airport Ministry of Tourism and Handicrafts releases its Q1 2026 Report for the Libyan Tourism Sector Libyan Express announces launch of direct flights between Tripoli’s Mitiga Airport and Malta starting 22 June Libyan Railroads meets China Civil Engineering Construction Corp. - joint committees to negotiate activating signed contracts Minister of Economy Abu Shiha approves 13 decisions related to foreign and joint ventures and commercial agencies Akakus Oil uses SLB’s Rhino Reamer technology - the first in the Middle East and North Africa – to successfully drill well M.24H-NC115 Two million POS transactions in a single day across 67,000 points cause collapse of e-payment system - CBL apologises UNSMIL warns of escalation in Zawia and calls for restraint ahead of Eid al-Adha Minister of Economy and Trade affirms Ministry's orientation towards building a more disciplined and transparent business environment Labour Ministry developing specific, secure and healthy Labour Housing Project for legal expatriate workers Head of Airports Authority inaugurates first meeting tasked with testing readiness of systems and equipment at Tripoli International Airport Ministry of Tourism and Handicrafts releases its Q1 2026 Report for the Libyan Tourism Sector Libyan Express announces launch of direct flights between Tripoli’s Mitiga Airport and Malta starting 22 June Libyan Railroads meets China Civil Engineering Construction Corp. - joint committees to negotiate activating signed contracts Minister of Economy Abu Shiha approves 13 decisions related to foreign and joint ventures and commercial agencies Akakus Oil uses SLB’s Rhino Reamer technology - the first in the Middle East and North Africa – to successfully drill well M.24H-NC115 Two million POS transactions in a single day across 67,000 points cause collapse of e-payment system - CBL apologises UNSMIL warns of escalation in Zawia and calls for restraint ahead of Eid al-Adha Minister of Economy and Trade affirms Ministry's orientation towards building a more disciplined and transparent business environment Labour Ministry developing specific, secure and healthy Labour Housing Project for legal expatriate workers Head of Airports Authority inaugurates first meeting tasked with testing readiness of systems and equipment at Tripoli International Airport Ministry of Tourism and Handicrafts releases its Q1 2026 Report for the Libyan Tourism Sector Libyan Express announces launch of direct flights between Tripoli’s Mitiga Airport and Malta starting 22 June Libyan Railroads meets China Civil Engineering Construction Corp. - joint committees to negotiate activating signed contracts Minister of Economy Abu Shiha approves 13 decisions related to foreign and joint ventures and commercial agencies Akakus Oil uses SLB’s Rhino Reamer technology - the first in the Middle East and North Africa – to successfully drill well M.24H-NC115 Two million POS transactions in a single day across 67,000 points cause collapse of e-payment system - CBL apologises UNSMIL warns of escalation in Zawia and calls for restraint ahead of Eid al-Adha Minister of Economy and Trade affirms Ministry's orientation towards building a more disciplined and transparent business environment Labour Ministry developing specific, secure and healthy Labour Housing Project for legal expatriate workers Head of Airports Authority inaugurates first meeting tasked with testing readiness of systems and equipment at Tripoli International Airport Ministry of Tourism and Handicrafts releases its Q1 2026 Report for the Libyan Tourism Sector Libyan Express announces launch of direct flights between Tripoli’s Mitiga Airport and Malta starting 22 June Libyan Railroads meets China Civil Engineering Construction Corp. - joint committees to negotiate activating signed contracts Minister of Economy Abu Shiha approves 13 decisions related to foreign and joint ventures and commercial agencies Akakus Oil uses SLB’s Rhino Reamer technology - the first in the Middle East and North Africa – to successfully drill well M.24H-NC115
Other

International Monetary Fund

Editorial entity profile.

IMF Staff Concluding Statement of the 2026 Article IV Consultation Mission to Libya
Apr 11 Sami Zaptia

IMF Staff Concluding Statement of the 2026 Article IV Consultation Mission to Libya

The IMF released yesterday the ‘‘Libya: Staff Concluding Statement of the 2026 Article IV Consultation Mission’’ conducted with Libyan authorities fro...

Read Article
CBL Governor unveils package of measures to support dinar, regulate foreign exchange market, and inject $1.5 billion
Apr 8 Sami Zaptia

CBL Governor unveils package of measures to support dinar, regulate foreign exchange market, and inject $1.5 billion

A source has informed Libya Herald that Central Bank of Libya (CBL) Governor Naji Issa revealed a package of new economic and monetary measures aimed...

Read Article
"PM Aldabaiba, oversight bodies, Audit Bureau, and Attorney General bear direct legal responsibility for corruption currently plaguing National Oil Corporation’’
Dec 2 Sami Zaptia

"PM Aldabaiba, oversight bodies, Audit Bureau, and Attorney General bear direct legal responsibility for corruption currently plaguing National Oil Corporation’’

Libya’s western based Grand Mufti, Sheikh Sadig al-Ghariani, stated: "Prime Minister Aldabaiba, the oversight bodies, the Audit Bureau, and the Attorn...

Read Article
CBL comes in for more criticism from Grand Mufti – accuses it of usury
Nov 11 Sami Zaptia

CBL comes in for more criticism from Grand Mufti – accuses it of usury

As the exchange rate for the Libyan dinar reaches 7.79 against the US dollar in the black-market, making a mockery of the vow by Naji Issa, the Govern...

Read Article
Libya aiming to increase oil production to 1.6 million barrels by end of 2026, consultation and agreements reached with ExxonMobil, Chevron
Oct 20 Sami Zaptia

Libya aiming to increase oil production to 1.6 million barrels by end of 2026, consultation and agreements reached with ExxonMobil, Chevron

The Tripoli based Libyan Minister of Oil and Gas, Khalifa Abdel Sadig, said Libya aims to increase production to 1.6 million barrels by the end of 202...

Read Article
Tripoli government holds Washington DC meetings - including with Morgan Stanley, Bank of New York, and J.P. Morgan
Oct 19 Sami Zaptia

Tripoli government holds Washington DC meetings - including with Morgan Stanley, Bank of New York, and J.P. Morgan

On the sidelines of attending the Annual Meetings of the IMF and the World Bank held in Washington, D.C. (13 to 18 October), a delegation from the Tri...

Read Article
CBL and IMF discuss pivotal role played by the CBL to get Libya out of its decades-long crisis
Oct 16 Sami Zaptia

CBL and IMF discuss pivotal role played by the CBL to get Libya out of its decades-long crisis

According to the Central Bank of Libya (CBL), the CBL and IMF discussed the pivotal role played by the CBL to get Libya out of its decades-long moneta...

Read Article
Secular and religious agree on need for Libya’s gradual energy subsidy reform
Jul 27 Sami Zaptia

Secular and religious agree on need for Libya’s gradual energy subsidy reform

The secular and religious worlds have come to agreement on the need for Libya to gradually reform its fuel subsidies in the unlikely bedfellows of the...

Read Article
IMF study entitled “Energy Subsidy Reform in Libya” concludes that reform is crucial as subsidies lead to overconsumption and premature resource depletion
Jul 21 Sami Zaptia

IMF study entitled “Energy Subsidy Reform in Libya” concludes that reform is crucial as subsidies lead to overconsumption and premature resource depletion

Energy subsidies have become a significant burden on government finances in Libya, a study published this month by the International Monetary Fund (IM...

Read Article
CBL meets JP Morgan Chase in DC – discussions include diversifying investment instruments to maintain and develop foreign exchange reserves
Apr 24 Sami Zaptia

CBL meets JP Morgan Chase in DC – discussions include diversifying investment instruments to maintain and develop foreign exchange reserves

The Governor of the Central Bank of Libya (CBL), Naji Issa, and his accompanying delegation, met at J.P.M. Morgan's Washington, DC headquarters last T...

Read Article