The Presidential Council head, Fayez Al-Sarraj, said that the situation in Libya’s south was a priority on the agenda for Economic Reform Programme and Reconstruction Projects. Al-Sarraj stressed that exceptional financial arrangements have been established for the development of different southern regions, n…

Libya’s Government of National Accord (GNA) prime minister Fayez al-Sarraj on Saturday called on the CBL Governor Al-Siddiq Al-Kabir to resume selling foreign currencies for personal purposes with decreasing its value to 5000 dollars, at the same approved rate (about 3.70 LYD per dollar). Al-Sarraj stressed th…

Libya’s central bank reserves are predicted to fall by about 20 per cent this year because of a blockade on energy exports in the east of the country that has slashed revenues, the audit bureau said. Annual oil revenues are expected to fall to $5 billion from $31 billion last year, dragging the central bank re…

  NOC Chairman Mustafa Sanalla claimed that salaries of five companies were discontinued as a result of refineries being shut down due to the illegal blockade. According to Sanallah, these companies are the National Company for the drilling and maintenance of oil wells, the National Oil Fields and Te…