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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

3 / 7

Nov 18 Sami Zaptia

Imports at ports not paid for by LCs will no longer be released after 31 December

By Sami Zaptia.Goods not paid for using LCs will no longer be cleared at western Libyan ports after 31 December (Photo: Benghazi Port).London, 18 Nove...

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Libyan imports to continue to be allowed to enter without Letters of Credit payment prerequisite
Aug 27 Sami Zaptia

Libyan imports to continue to be allowed to enter without Letters of Credit payment prerequisite

By Sami Zaptia.London, 27 August 2020: Tripoli government issues decree to allow entry of imports without LC payment Decree aims to keep suppl...

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Libyan market may reopen for Tunisian agricultural products next week: Tunisian Agri Union
Aug 23 Sami Zaptia

Libyan market may reopen for Tunisian agricultural products next week: Tunisian Agri Union

By Sami Zaptia.London, 23 August 2020:The Libyan market may reopen for Tunisian agricultural products next week, Ibrahim Trabelsi, a member of the Exe...

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Aug 17 Sami Zaptia

Tripoli Finance Minister says Tripoli CBL is using monetary policy incorrectly

By Sami Zaptia.Libya's internationally recognized Finance Minister has blamed the Tripoli CBL for its poor monetary policy (Photo: Archive photo grab...

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Aug 17 Sami Zaptia

3,000 state-sector employees corruptly request opening of LCs to engage in prohibited private sector business: National Anti-Corruption Commission

By Sami Zaptia.Libya's National Anti Corruption Commission reported 3,000 state sector  employees had corruptly attempted to open Letters of Credit (P...

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Apr 20 Sami Zaptia

Tripoli CBL climbs down, issues belated decision to resume opening of LCs

By Sami Zaptia.(Logo: Tripoli CBL).London, 20 April 2020:The Tripoli Central Bank of Libya (CBL) issued instructions today to local banks to resume th...

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Apr 16 Sami Zaptia

Libyan Business Council warns of food shortages and increased prices due to CBL’s inflexible Letters of Credit policy

By Sami Zaptia.(Photo: LBC)London, 16 April 2020:The Libya Business Council (LBC), the only legally recognized Libya-wide business council representin...

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May 21 Sami Zaptia

CBL to investigate companies suspected of smuggling hard currency through LCs

By Sami Zaptia.(Logo: Tripoli CBL).London, 21 May 2018:The Governor of the Tripoli-based Central Bank of Libya (CBL), Saddek El-Kaber, has instructed...

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May 16 Sami Zaptia

Audit Bureau expresses concern over Ramadan food shortages due to delayed procedures by PC

By Sami Zaptia.London, 16 May 2018:The Tripoli-based Audit Bureau expressed its concern over possible food shortages and price rises during the month...

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Audit Bureau and Attorney General’s Office to investigate delayed LCs, high commodity prices and high foreign exchange rates
Apr 4 Sami Zaptia

Audit Bureau and Attorney General’s Office to investigate delayed LCs, high commodity prices and high foreign exchange rates

By Sami Zaptia.Lugano, 4 April 2018: A consultative meeting was held in Tripoli on Monday between the Audit Bureau and the Attorney General's Office a...

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