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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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Islamic Finance

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Minister of Housing discusses real estate financing mechanisms via Sovereign Sukuk with Stock Market Authority and Savings Bank
Apr 15 Sami Zaptia

Minister of Housing discusses real estate financing mechanisms via Sovereign Sukuk with Stock Market Authority and Savings Bank

Minister of Housing and Construction, Essam Al-Tamouni, met Monday with representatives of the Stock Market Authority, headed by its Chairman Mahmoud...

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CBL first 2025 issue Certificates of Deposit achieve a 10.87 percent return – exceeding expectations
Feb 13 Sami Zaptia

CBL first 2025 issue Certificates of Deposit achieve a 10.87 percent return – exceeding expectations

The Central Bank of Libya (CBL) announced yesterday that the profits achieved from investment and speculation in the ‘‘Absolute Speculative’’ Mudaraba...

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Agricultural Ministry discusses with international companies and local banks integration of solar energy into agricultural projects using Islamic finance
Feb 5 Sami Zaptia

Agricultural Ministry discusses with international companies and local banks integration of solar energy into agricultural projects using Islamic finance

The Ministry of Agriculture and Livestock reported last Tuesday (3 February) that its Undersecretary, Mohammed Al-Turki, chaired an expanded meeting o...

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Dialogue session held on "Governmental and Non-Governmental Sukuk-Bonds" as innovative financing tools for economic growth
Dec 1 Sami Zaptia

Dialogue session held on "Governmental and Non-Governmental Sukuk-Bonds" as innovative financing tools for economic growth

A dialogue session on " Governmental and Non-Governmental Sukuk" was held at the Tripoli headquarters of the National Economic and Social Development...

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UN Libya financing report highlights dependence on hydrocarbons, examines innovative financing, including Islamic finance
Nov 20 Sami Zaptia

UN Libya financing report highlights dependence on hydrocarbons, examines innovative financing, including Islamic finance

The UN Libya published its Financing Landscape Analysis (FLA) 2025 yesterday, providing a comprehensive assessment of Libya’s evolving public finances...

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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...

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Grand Mufti raises objections to CBL’s supposedly Islamic – Sharia compliant certificates of deposit
Oct 12 Sami Zaptia

Grand Mufti raises objections to CBL’s supposedly Islamic – Sharia compliant certificates of deposit

Libya's Grand Mufti, Sheikh Al-Sadeg Al-Ghiriani said that the ‘‘Absolute Speculative’’ (referred to as Mudaraba in Islamic - Sharia) certificates of...

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CBL announces that first ‘‘Absolute Speculative’’ Certificates of Deposit will be issued to banks from 12 October
Oct 8 Sami Zaptia

CBL announces that first ‘‘Absolute Speculative’’ Certificates of Deposit will be issued to banks from 12 October

The Central Bank of Libya (CBL) announced today that its planned ‘‘Absolute Speculative (Mudaraba)’’ Certificates of Deposit will be issued to banks f...

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The Real Estate Savings and Investment Bank launches the ‘‘Savings for Housing’’ Islamic Sharia savings account
Oct 3 Sami Zaptia

The Real Estate Savings and Investment Bank launches the ‘‘Savings for Housing’’ Islamic Sharia savings account

Libya’s Real Estate Savings and Investment Bank announced yesterday that it has launched the ‘‘Savings for Housing’’ account. The bank said the accou...

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Libya Africa Investment Portfolio considering funding its Libya projects through Islamic bonds
Aug 29 Sami Zaptia

Libya Africa Investment Portfolio considering funding its Libya projects through Islamic bonds

The Libya Africa Investment Portfolio (LAIP) announced yesterday that it is studying the use of Islamic/Sharia-compliant bonds, referred to as Sukuks,...

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