Latest
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

4 / 7

Mar 9 Sami Zaptia

Diversion of state funds and financing of armed groups: UN Libya Experts Panel report

By Sami Zaptia:The UN Libya Experts Panel report.London, 9 March 2018: On the topic of the diversion of state funds and financing of armed groups, the...

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Nov 22 Sami Zaptia

Audit Bureau calls on CBL to speed up the opening of stalled LCs for essential goods

By Sami Zaptia.London, 22 November 2017:The Tripoli-based Audit Bureau has called on the Tripoli-based Central Bank of Libya (CBL) to speed up the pro...

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May 4 Sami Zaptia

Corruption in Libyan banking sector ‘‘threatens whole economy’’ - Audit Bureau 2016 Annual Report

By Sami Zaptia.The Tripoli-based Audit Bureau says in its 2016 Annual Report that corruption in Libya's banking system threatens the country's whole e...

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Credit-starved Naseem Dairies could close within a week says owner
Apr 29 Nigel Ash

Credit-starved Naseem Dairies could close within a week says owner

By Jamie Prentis.Tunis, 29 April 2017:Mohamed Raied, the owner of Libya's main yoghurt and laban producer Al-Naseem, said today his company will close...

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Libyan Businessmen Council condemns CBL’s urgently opened Ramadan LCs to import essential foodstuffs
Apr 7 Sami Zaptia

Libyan Businessmen Council condemns CBL’s urgently opened Ramadan LCs to import essential foodstuffs

By Sami Zaptia.London, 7 April 2017:The head of the Tripoli-based Libyan Businessmen Council, Abdalla Fellah, the only Libyan business council recogni...

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ACA claims local bank involved in letters of credit fraud
Apr 5 Michel Cousins

ACA claims local bank involved in letters of credit fraud

By Moutaz AliTripoli, 5 April 2017:Zliten’s Bank of North Africa branch is to be investigated by the Administrative Control Authority (ACA) in Tripoli...

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Naseem dairies could close down within two months: Raied
Mar 9 Michel Cousins

Naseem dairies could close down within two months: Raied

By Libya Herald reporter.Tunis, 9 March 2017:Libya’s main yoghurt and laban producer Al-Naseem, will have to cease production in a couple of months if...

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Audit Bureau bans 23 Libyan and foreign companies, freezes smuggled money accounts
Jan 19 Sami Zaptia

Audit Bureau bans 23 Libyan and foreign companies, freezes smuggled money accounts

By Sami Zaptia.London, 19 January 2017: The Tripoli-based Libyan Audit Bureau has today announced that it has banned a total of 23 Libyan and foreign...

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CBL to release $750 M LCs for January imports pending 2017 budget approval
Jan 16 Sami Zaptia

CBL to release $750 M LCs for January imports pending 2017 budget approval

By Sami Zaptia.London, 16 January 2017: The Tripoli-based Central Bank of Libya (CBL) is to release US$ 750 million in the form of Letters of Credit (...

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Jul 18 Sami Zaptia

CBL increases foreign currency amount for LCs to 10 percent of its annual budget

By Sami Zaptia.CBL Tripoli is increasing the amount of hard currency available for priority LCs from 5 to 10 percent for the next year (Logo: Tripoli...

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