During “Flusna”, a television program broadcasted on WTV channel and Tabadul Platform, the Libyan Finance Minister of the Government of National Accord Faraj Bumatari denied issuing any instructions or decision from the ministry about suspending merchant goods in ports. He explained that all the work done by t…

Libya’s Tripoli based Interior Ministry announced yesterday that it was ready to reopen the country’s borders with Tunisia, subject to adequate preventative health measures being put in place. The revelation came after an expanded meeting between the Ministry of Interior and the National Center for Disease Con…

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…

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…