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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 Policy

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Belgasem Hafter reneges on US-brokered agreement by refusing to cut development spending – sends dinar crashing
Apr 1 Sami Zaptia

Belgasem Hafter reneges on US-brokered agreement by refusing to cut development spending – sends dinar crashing

After days of steady gains by the Libyan dinar on the black-market foreign exchange from a high two weeks ago of around LD 10.50 per dollar to a low o...

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Tax Authority 2025 revenues achieve nearly LD 4 billion – the highest ever
Feb 25 Sami Zaptia

Tax Authority 2025 revenues achieve nearly LD 4 billion – the highest ever

The Tripoli based Libyan government reported yesterday, that in 2025, the Libyan Tax Authority achieved its highest revenue collection since its estab...

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As the dollar breaks the LD 10.50 mark, Aldabaiba attempts to deflect blame squarely onto Hafter for Libya’s runaway economic crisis
Feb 24 Sami Zaptia

As the dollar breaks the LD 10.50 mark, Aldabaiba attempts to deflect blame squarely onto Hafter for Libya’s runaway economic crisis

With the black-market foreign exchange rate plunging the Libyan dinar to over the LD 10.50 to the US dollar yesterday, Tripoli based Libyan Prime Mini...

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Tripoli Libyan government rejects new import taxes, blames dinar collapse on Hafter’s parallel spending outside approved budget
Feb 24 Sami Zaptia

Tripoli Libyan government rejects new import taxes, blames dinar collapse on Hafter’s parallel spending outside approved budget

As the black-market exchange rate of the Libyan dinar plunged to unprecedented rates over the LD 10.50 to the dollar yesterday, and the leadership of...

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Aldabaiba calls on CBL Governor to halt all 2026 project spending across Libya - until the newly US-brokered unified spending agreement is adhered to
Feb 21 Sami Zaptia

Aldabaiba calls on CBL Governor to halt all 2026 project spending across Libya - until the newly US-brokered unified spending agreement is adhered to

Tripoli based Libyan Prime Minister, Abd Alhamid Aldabaiba, sent an official letter (dated 19 February) to the Governor of the Central Bank of Libya,...

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Economy Ministry requests CBL suspends US$ 130 million LCs for 85 companies for failing to import any cooking oil in 2025
Feb 3 Michel Cousins

Economy Ministry requests CBL suspends US$ 130 million LCs for 85 companies for failing to import any cooking oil in 2025

The Tripoli based Ministry of Economy and Trade announced yesterday that it had requested that the Central Bank of Libya (CBL) suspend 85 import compa...

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HoR will not impose taxes on essential goods – but still studying and reviewing the idea
Jan 27 Sami Zaptia

HoR will not impose taxes on essential goods – but still studying and reviewing the idea

‎Libya’s Benghazi based parliament, the House of Representatives (HoR), confirmed in a statement yesterday that it will not impose any taxes or fees o...

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Car importers granted LCs are overcharging consumers by 60 percent – Economy Ministry to take corrective action
Jan 26 Sami Zaptia

Car importers granted LCs are overcharging consumers by 60 percent – Economy Ministry to take corrective action

The Ministry of Economy and Trade stated yesterday (in its Clarification Statement no. 2/2026) that the volume of letters of credit granted recently f...

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Central Bank of Libya’s reserves increased by US$ 3 billion in 2024: Audit Bureau 2024 report
Jan 1 Sami Zaptia

Central Bank of Libya’s reserves increased by US$ 3 billion in 2024: Audit Bureau 2024 report

According to the Audit Bureau’s Annual Report for 2024 published yesterday, the Central Bank of Libya’s reserves reached 409 billion dinars, equivalen...

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Parliament approves Libya’s LD 303 billion Treasury debts - Central Bank to settle the debts by deducting 3% of the Treasury's total revenues
Dec 23 Sami Zaptia

Parliament approves Libya’s LD 303 billion Treasury debts - Central Bank to settle the debts by deducting 3% of the Treasury's total revenues

Libya's Benghazi based House of Representatives (parliament - HoR) yesterday approved (Law No. 6/2025) the existing public debt held by the Public Tre...

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