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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
Tag Archive

Letters of Credit

1 / 7

CBL to inject US$ 3 billion in May and another US$ 3.5 billion in June to meet accumulated demand and stabilise currency and commodity markets
May 20 Sami Zaptia

CBL to inject US$ 3 billion in May and another US$ 3.5 billion in June to meet accumulated demand and stabilise currency and commodity markets

A Central Bank of Libya source informed Arabic-language Libyan media yesterday that by the end of this week, the total amount of dollars injected...

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Customs Authority introduces use of specialized security paper for official letters to prevent LC forgery
Mar 16 Sami Zaptia

Customs Authority introduces use of specialized security paper for official letters to prevent LC forgery

The Libyan Customs Authority announced yesterday the adoption of security paper for official letters related to the settlement and closure of Document...

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Ministry of Planning meets Libyan Industry Union to discuss support for nationally manufactured products
Feb 18 Sami Zaptia

Ministry of Planning meets Libyan Industry Union to discuss support for nationally manufactured products

With the background of price rises in basic commodities, shortages of cooking oil, LC fraud and attempts to preserve Libya's hard currency reserves, t...

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There is no shortage of food supplies in the Libyan marketplace: Customs Authority
Feb 17 Sami Zaptia

There is no shortage of food supplies in the Libyan marketplace: Customs Authority

The Official Spokesperson for the Libyan Customs Authority stated last Sunday (15 February) that there is no shortage of food supplies in the market....

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CBL reaches agreement with importers to urgently deliver 2.5 million boxes of cooking oil
Feb 16 Sami Zaptia

CBL reaches agreement with importers to urgently deliver 2.5 million boxes of cooking oil

The Governor of the Central Bank of Libya (CBL), Naji Issa, held a meeting in his Tripoli office yesterday with the President and CEO of the Libyan In...

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Ministry of Economy warns animal feed importers who had obtained LC to justify pricing structure and prove market availability of their imports
Feb 7 Sami Zaptia

Ministry of Economy warns animal feed importers who had obtained LC to justify pricing structure and prove market availability of their imports

The Tripoli based Libyan Ministry of Economy and Trade issued a final warning last Thursday (5 February) to all animal feed suppliers holding letters...

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CBL’s role in granting LCs is limited - does not include assessing Libya’s economic needs
Jan 26 Sami Zaptia

CBL’s role in granting LCs is limited - does not include assessing Libya’s economic needs

The Central Bank of Libya (CBL) issued a clarification statement yesterday regarding documentary credit procedures, emphasizing that its role and that...

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Assigning a tracking company for Libya’s imported cargo could eliminate Letters of Credit fraud: Attorney General Al-Sour
Jan 22 Sami Zaptia

Assigning a tracking company for Libya’s imported cargo could eliminate Letters of Credit fraud: Attorney General Al-Sour

Speaking about corruption in Libya’s Letters of Credit file, in an interview with Istanbul-based Libyan satellite TV channel, Libya Al-Ahrar, Libya’s...

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Customs Authority uncovers 11 companies involved in illicit use of Letters of Credit exceeding US$ 54 million
Jan 16 Sami Zaptia

Customs Authority uncovers 11 companies involved in illicit use of Letters of Credit exceeding US$ 54 million

The Libyan Customs Authority announced yesterday the detection of 11 companies that obtained Letters of Credit at the official (and lower) exchange ra...

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Misrata Chamber of Commerce receives Chargé d'affaires of Chinese Embassy – business visas and Letters of Credit discussed
Dec 23 Sami Zaptia

Misrata Chamber of Commerce receives Chargé d'affaires of Chinese Embassy – business visas and Letters of Credit discussed

Misrata Chamber of Commerce reported yesterday that its Chairman, Fathi Al-Amin Al-Turki, its Vice Chairman, along with several department heads, rece...

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