The National Oil Corporation (NOC) of Libya has revealed a staggering $120.3 million in losses due to recent oil production shutdowns. The figures reflect reductions in production over a three-day period from August 26 to August 28, with output plummeting from approximately 1.2 million barrels per day to 591,000 ba…

Political Power Struggle Forces Libya’s Central Bank Chief to Flee Seddiq Al-Kabeer, the governor of the Central Bank of Libya, along with other senior bank officials, has fled the country amid escalating threats from armed militias. The departure of the bank’s leadership comes as Libya faces one of its most sev…

The Libyan National Meteorological Center has issued a warning about the risk of floods in certain local valleys this Thursday afternoon in parts of northwestern Libya. In a weather advisory, the center specifically highlighted the areas of Gharyan, Mizdah, Nesma, Tarhuna, Msallata, Bani Walid, and their neighbo…

The administration temporarily appointed by the Presidential Council to manage the Central Bank of Libya announced today, Thursday, the restoration of all systems used in the banking sector, including the main banking system “Oracle.” This announcement follows the bank’s efforts to resume operations that had bee…