Libya announces launch of first Polymer Banknote

The Central Bank of Libya (CBL) has launched its 1 Dinar banknote that will be printed on De La Rue’s polymer substrate, Safeguard®. This is the first...

Benghazi spends $ 1 billion for its security

Libya’s eastern-based government on Sunday announced allocating 1.767 billion dinars (1.3 billion U.S. dollars) to stabilize the eastern city of Benghazi that is largely...

Libyan Audit Bureau rejects budget approved by GNA

Libya Audit Bureau, the highest financial regulatory authority in the country, has rejected the 2019 budget announced by the Government of National Accords (GNA)...

GNA MoI Discusses Partnership Project Financed By EU.

GNA Minister of Interior, Fathi Bashagha met Monday with Operations Coordinator at Terrorism Combating Department, the partnership financed by the EU, Ahmed Abdulwahed, Director...

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...

Syrian goods arrive in Libya’s Benghazi for shopping exhibition

The exhibition will host over 100 Syrian companies, according to the Head of Libyan business owners council in Benghazi Fawziya Al-Furjani. Furjani added that the...