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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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Macroeconomic Stability

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CBL devalues LD by 14.7% from approximately LD 5.43/dollar to about LD 6.36/dollar
Jan 18 Sami Zaptia

CBL devalues LD by 14.7% from approximately LD 5.43/dollar to about LD 6.36/dollar

The Central Bank of Libya announced today that it has devalued the Libyan dinar by 14.7 percent from approximately LD 5.43 to LD 6.36 per US$. The CB...

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Libya grapples with political instability and division, fragmented governance, and an overreliance on hydrocarbons: UN Libya study
Jun 9 Sami Zaptia

Libya grapples with political instability and division, fragmented governance, and an overreliance on hydrocarbons: UN Libya study

UN Libya published a study in May that it says provides an in-depth analysis of Libya’s socio-economic landscape, highlighting key social, political,...

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Libya's economic outlook uncertain due to: domestic political instability, oil price volatility, intensifying regional conflicts, and deepening geo-economic fragmentation.
Apr 17 Sami Zaptia

Libya's economic outlook uncertain due to: domestic political instability, oil price volatility, intensifying regional conflicts, and deepening geo-economic fragmentation.

In its Staff Concluding Statement of the 2025 Article IV Mission to Libya released yesterday, the IMF said: The dispute over the leadership of the...

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UNSMIL urges Libyan parties to set aside blame and agree on urgent measures to stabilise Libya’s economy
Apr 10 Sami Zaptia

UNSMIL urges Libyan parties to set aside blame and agree on urgent measures to stabilise Libya’s economy

UNSMIL urged in a statement released yesterday all Libyan parties to set aside the blame game and agree on urgent measures to stabilise Libya’s econom...

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CBL expresses distress over March’s low oil revenues - threatening fiscal sustainability
Mar 19 Sami Zaptia

CBL expresses distress over March’s low oil revenues - threatening fiscal sustainability

‎The Central Bank of Libya (CBL) expressed distress over March’s low oil revenues, threatening Libya’s fiscal sustainability. The alert came after it...

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UNSMIL organises consultations on Libyan economy
Feb 15 Sami Zaptia

UNSMIL organises consultations on Libyan economy

UNSMIL reported today that on 10 and 11 February it organised and facilitated initial consultations with 14 Libyan financial and economic experts from...

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USAID conducts workshops with CBL to help in Annual Monetary Plan 2022
Jun 7 Sami Zaptia

USAID conducts workshops with CBL to help in Annual Monetary Plan 2022

The U.S. Embassy Tripoli revealed yesterday that in March this year, USAID conducted several workshops with the Central Bank of Libya to help refine t...

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Libya dinar continues to gain strength against hard currencies in black-market – remaining below LD 5 per dollar over last week: Report and analysis
Sep 23 Sami Zaptia

Libya dinar continues to gain strength against hard currencies in black-market – remaining below LD 5 per dollar over last week: Report and analysis

By Sami Zaptia.London, 23 September 2021:The Libyan dinar continued to gain strength against hard currencies in the black-market after breaking below...

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Dec 24 Sami Zaptia

CBL budget deficit loan reaches LD 25 bn

By Sami Zaptia.London, 24 December 2020: The Central Bank of Libya’s (CBL) loan to the internationally recognized Libyan government based in Tripoli h...

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Nov 27 Sami Zaptia

The CBL-NOC tug-of-war on authority over Libya’s oil revenues continues

By Sami Zaptia.Oil pump at El Feel oilfield (Photo: Eni).London, 27 November 2020: Leaked letters going back and forth have continued to bring to ligh...

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