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News
18 Sep, 2024 | News
Al-Messalati Announces Resumption of Work at Sebha Oil Depot
18 Sep, 2024 | News
Al-Kabeer Discloses Government Threats and Expresses Willingness to Step Down if Parliament and State Council Agree
18 Sep, 2024 | News
Berndt Discusses the Central Bank Crisis with a Delegation from the Government of National Unity
17 Sep, 2024 | News
Bloomberg: “Egypt and Turkey Pressure Libya’s Rival Governments to Reach an Agreement to End the Strangling Oil Blockade”
17 Sep, 2024 | News
Belqacem Haftar: “10 Billion Dinars Allocated by the House of Representatives Insufficient for National Reconstruction”
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The Libyan Investment Authority to ask UN for freedom to invest billions
15 Aug, 2020 | News
Libya’s sovereign wealth fund head plans to ask the United Nations to allow it to invest billions of dollars sitting idle in its accounts, after missing out on some $4.1bn in potential equity returns during nearly a decade of sanctions. The Libyan Investment Authority (LIA) was blacklisted in March 2011 becaus…
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Bank ABC reports a net loss of $67 million
15 Aug, 2020 | News
Bank ABC (Arab Banking Corporation) announced its results for the first half of this year reporting a net loss of $67 million, attributable to the shareholders of the parent as a result of increase in loan loss provisions, largely related to a major client fraud case. A significant H1 ECL charge of $174m (H1…
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“We are not supposed to lift the oil blockade … let things get worse,”
14 Aug, 2020 | News
“We are not supposed to lift the oil blockade, keep it that way, let things get worse,” a statement issued by the Head of the General Authority for Electricity and Renewable Energy of Libya’s Interim Government, Fakhri Al-Mismari. This didn’t only provoke an angry response from th…
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CBL, Libyan Industry Union held meeting to discuss common interest
14 Aug, 2020 | News
Reliable sources confirmed to Sada economic newspaper that a meeting was convened last Tuesday between the head and members of the Libyan Industry Union and the governor of the Central Bank of Libya (CBL) Al Seddik Al Kabir. The meeting addressed methods of granting documentary credits for importing products …
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