World Bank: Foreign exchange controls in Libya yielded positive results
The World Bank said in a report published Monday on Libya, entitled "The Economic Outlook for Libya in 2019", that the decision to impose...
Oil fields in Libya have been depleted because of lack of...
A dearth of investment in Libya’s oil sector is sharply undercutting the Libya's ability to revive production critical to the economy, the United Nations...
Libya’s oil chief dismayed at excluding pay increase of workers from...
The National Oil Corporation's (NOC) Board of Directors and Oil and Gas Workers Union have expressed disappointment at news published in various social media...
Libya, Russia discuss ways of promoting relations
Foreign Minister of Presidential Council, Mohamed Siyala, confirmed that the return of Russian companies to Libya is near.
According to a statement issued by the...
Libya Finance Ministry to form committee for new financial policy
The minister of finance of Presidential Council’s government Osama Hamad said the ministry will form a committee of experts to propose a financial policy...
Head of Price Balancing Fund slams CBL on import credit issue.
The head of the Price Balancing Fund (PBF) Jamal al-Shaibani said that they were unable to supply foodstuffs for the holy month of Ramadan...
Libya’s Economic Outlook: World Bank Predicts 15% Growth.
From the World Bank Group.
At the current pace of spending in a context of conflict and insecurity, Libya will either exhaust foreign exchange reserves...
Libya issues letters of credit worth $2 billions to tackle rising...
Libya’s central bank has approved letters of credit for importers worth $2 billion, in an effort to curb “frightening” price increases, the bank said...
10.5 billion dollars; expected deficit in Libya’s 2018 budget.
The Chairman of the Financial Commission at the House of Representatives (HoR) Omar Tantoush said the commission is reviewing two budget options: the first...
Libya considering ways of recovering its outstanding loans to African states.
The Faiez Serraj-led Presidency Council’s Ministry of Finance and the Libyan Foreign Bank (LFB) discussed various ways that Libya can recover ‘‘faltering’’ loans to...
