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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
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Fiscal Deficit

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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...

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CBL latest stats show a balanced LD budget for all of 2025 but a hard currency deficit of US$ 9 billion
Jan 20 Sami Zaptia

CBL latest stats show a balanced LD budget for all of 2025 but a hard currency deficit of US$ 9 billion

In its routine statistical bulletin summarising 2025, the Central Bank of Libya (CBL) announces yesterday that Libya’s total revenues totalled 136.86...

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Audit Bureau Annual Report 2024 published – reveals decline in oil revenues for the year
Jan 1 Sami Zaptia

Audit Bureau Annual Report 2024 published – reveals decline in oil revenues for the year

The Audit Bureau's Annual Report for 2024, issued yesterday, revealed a decline in total oil revenues recorded in the books during 2024 by approximate...

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Latest CBL figures show LD 8.3 billion surplus - but dollar spending deficit reaches US$ 6.7 billion
Nov 12 Sami Zaptia

Latest CBL figures show LD 8.3 billion surplus - but dollar spending deficit reaches US$ 6.7 billion

The Central Bank of Libya (CBL) published its monthly revenue and expenditure statement yesterday for the period January to October 2025. Libyan dina...

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Libya's economic reality: limited resources, liquidity challenges, inflation, and need for monetary base restructuring - Husni Bey
Jun 15 Sami Zaptia

Libya's economic reality: limited resources, liquidity challenges, inflation, and need for monetary base restructuring - Husni Bey

Leading Libyan businessman Husni Bey told Libya Herald that the economic reality in Libya is limited resources, liquidity challenges, inflation, and t...

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The official dollar exchange rate cannot be reduced as long as government spending exceeds revenues: Businessman ‎Husni Bey
Mar 6 Sami Zaptia

The official dollar exchange rate cannot be reduced as long as government spending exceeds revenues: Businessman ‎Husni Bey

‎Every year, in and around the fasting month of Ramadan (which started on 1 March), the subject of the low purchasing power of Libyan citizens, the hi...

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Libya’s total revenues and spending ending 30 November result in small dinar surplus but large FX deficit: CBL
Dec 8 Sami Zaptia

Libya’s total revenues and spending ending 30 November result in small dinar surplus but large FX deficit: CBL

In its latest released statistical bulletin covering the period 01/01/2024 to 30/11/2024, the Central Bank of Libya (CBL) revealed that total state re...

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CBL latest data reveals US$ 9.9 billion deficit in foreign currency public spending in 2023
Jan 7 Sami Zaptia

CBL latest data reveals US$ 9.9 billion deficit in foreign currency public spending in 2023

In its latest data for the whole of 2023 on revenues and spending released today, the Central Bank of Libya (CBL) revealed a continued increase in pub...

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CBL monthly statistics reveal a foreign exchange deficit of US$ 10.9 billion
Nov 9 Sami Zaptia

CBL monthly statistics reveal a foreign exchange deficit of US$ 10.9 billion

The Central Bank of Libya revealed in its monthly statistical statement that Libya’s total revenues reached 96 billion dinars from the beginning of th...

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CBL latest data shows US$ 9.9 billion deficit in foreign exchange
Oct 7 Sami Zaptia

CBL latest data shows US$ 9.9 billion deficit in foreign exchange

In its latest monthly data release of 3 October, the Central Bank of Libya said that Libya’s total revenues in the first 9 months of this year amounte...

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