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News
30 Sep, 2024 | News
Parliament Votes to Appoint Central Bank Governor, and Ghafar Cancels the Exchange Rate Tax
30 Sep, 2024 | News
Nova: “Oil Production to Gradually Resume Starting Tomorrow”
29 Sep, 2024 | News
Ministry of Health Discusses Proposed General Budget Funded by the Public Treasury for 2025
29 Sep, 2024 | News
Dbeibeh Emphasizes the Need for Continuous Coordination with Relevant Authorities to Enhance Border Security
28 Sep, 2024 | News
Al-Toumi Presents the GNU’s Allocation of Local Development Budgets to the German Foreign Minister
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Libya’s Oilfields Shut Down Amid Central Bank Dispute, Escalating Political Tensions
27 Aug, 2024 | News
In a dramatic escalation of Libya’s ongoing political strife, the eastern-based government, led by Prime Minister Osama Hammad, has announced the closure of all oilfields under its control. This move, Reuters reported on August 26, 2024, is part of an intense power struggle over the leadership of the Central Bank o…
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Central Bank Confirms Inability to Disburse August Salaries and Open Letters of Credit
27 Aug, 2024 | News
The Central Bank of Libya confirmed in a statement that its building has been stormed for the second day, aiming to implement an illegal decision issued by the Presidential Council regarding the change in the bank’s management. This situation jeopardizes the bank, its assets, accounts, external relations, and reput…
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The National Oil Corporation Declares Force Majeure on Sharara Field
7 Aug, 2024 | News
In a statement issued today, Wednesday, the National Oil Corporation announced a state of force majeure on the Sharara field due to current conditions affecting crude oil production at the field, which have prevented the corporation from carrying out crude oil loading operations. The corporation added in its sta…
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Central Bank Issues Revenue and Expenditure Report from January to End of July 2024
5 Aug, 2024 | News
The Central Bank of Libya has released a report on revenues and expenditures from the beginning of January 2024 until July 31 of the same year. The total revenues amounted to 61.2 billion dinars, while the expenditure reached 57.6 billion dinars. The Central Bank’s statement detailed that revenue from the foreig…
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