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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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Letters of Credit

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Misrata Free Zone Customs seizes ten containers from Turkey full of table salt instead of coffee beans as part of a hard currency smuggling operation
Nov 26 Sami Zaptia

Misrata Free Zone Customs seizes ten containers from Turkey full of table salt instead of coffee beans as part of a hard currency smuggling operation

The Official Spokesperson of Libya’s Customs Authority, Colonel Fahmi Al-Magouri, announced yesterday that officers at its Misrata Free Zone Customs C...

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All imports into Libya must be paid for through official bank transactions
Jul 2 Sami Zaptia

All imports into Libya must be paid for through official bank transactions

‎The Tripoli based Libyan Ministry of Economy and Trade has request that the Libyan Customs Authority start to implement its decree No. 42 of 2025 reg...

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CBL Governor assures US business that Letter of Credit openings and foreign exchange sales to the public and private sectors proceeding normally
Apr 22 Sami Zaptia

CBL Governor assures US business that Letter of Credit openings and foreign exchange sales to the public and private sectors proceeding normally

Letters of Credit (LCs) openings and foreign exchange sales to the public and private sectors were proceeding normally, Naji Issa, the Governor of the...

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CBL opened all US$ 6.5 bn LC requests for import of Ramadan food products – no justification for shortages or price rises!
Feb 28 Sami Zaptia

CBL opened all US$ 6.5 bn LC requests for import of Ramadan food products – no justification for shortages or price rises!

The Central Bank of Libya (CBL) reported yesterday that it had met all the requests to open letters of credit (LCs) for the import of food in time to...

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Chambers of commerce and business councils call for a protest in Tripoli next Sunday against CBL LC policy
Mar 7 Sami Zaptia

Chambers of commerce and business councils call for a protest in Tripoli next Sunday against CBL LC policy

The Chambers of Commerce, Industry, and Agriculture in the (central, western, and southern) regions, the Business Owners Council (LBC), the Libyan Cou...

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Customs officials and Yaqeen bank members detained in over LD 1.2 billion letters of credit fraud
Feb 19 Sami Zaptia

Customs officials and Yaqeen bank members detained in over LD 1.2 billion letters of credit fraud

The Attorney General’s Office reported yesterday that customs officials at the Libyan Tunisian Ras Jadair border crossing and the Al-Yaqeen bank were...

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May 24 Sami Zaptia

Tunisian goods entering Libya by land will no longer need to be paid for through Letters of Credit

By Sami Zaptia.London, 24 May 2021:Letters of Credit (LCs) will no longer be needed for Tunisian goods entering Libya through land borders.The news co...

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Feb 24 Sami Zaptia

CBL allows for opening of LCs for imports through land borders

By Sami Zaptia.(Logo: Tripoli CBL).London, 24 February 2021: The Tripoli Central Bank of Libya (CBL) has adjusted its regulations to allow for the ope...

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Feb 20 Sami Zaptia

CBL responds to Global Witness report on LC corruption

By Sami Zaptia.(Logo: Tripoli CBL).London, 20 February 2021: The Tripoli Central Bank of Libya (CBL) today responded to the Global Witness report cove...

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Nov 25 Sami Zaptia

Tripoli Libyan government reverses decision on imports needing LCs

By Sami Zaptia.Goods arriving in Libyan ports will not need to have been paid for by official LCs (Photo by Benghazi port from archives of Benghazi po...

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