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Libya's Central Bank officially launched a direct foreign currency transfer service, enabling small traders, companies, suppliers, and artisans to obtain foreign currency through transparent official channels. The service is intended to reduce reliance on the black market for currency exchange.
Libya’s Tripoli based Ministry of Oil and Gas announced last Wednesday (6 May) that Libya had joined the World Bank’s initiative to eliminate Routine Gas Flaring by 2030 – saving about US$ 650 million per year. This Zero Routine Flaring (ZRF) by 2030 Endorsement by Libya is part of the Global Flaring and Methane Reduction […] The post Libya joins World Bank’s initiative to eliminate Routine Gas Flaring by 2030 – saving about US$ 650 million per year appeared first on LibyaHerald .
1.7 million (75%) receiving state-sector salaries through automated Your Instant Salary system compared to 2.2 million previously The Central Bank of Libya (CBL) reported yesterday that, according to the latest data, the number of public sector employees registered in the Your Instant Salary automated system reached approximately 1.7 million by April, compared to 2.2 million previously, representing a 75% participation rate. The news came as the CBL announces the commencement of April […] The post 1.7 million (75%) receiving state-sector salaries through automated Your Instant Salary system compared to 2.2 million previously appeared first on LibyaHerald .
Libya's Interior Minister Imad Trabelsi and Central Bank Governor Naji Issa agreed on a plan to reduce black-market currency trading affecting the Libyan dinar, though the CBL acknowledged that eliminating such markets in the short term is unrealistic.
Libya's Central Bank governor sent a letter to the Economy Minister calling for a ban on imports and re-exports that bypass official banking channels, requiring all transactions to route through formal bank transfers starting mid-June. The measure aims to strengthen control over foreign exchange and reduce informal trade practices.
Libya’s Anti Financial Crimes, Money Laundering and Terrorism Financing (AFCMLTF) agency reported yesterday that it had arrested and referred to the public prosecutor suspect ‘‘K.A.B’’ in possession of 409 bank cards issued by several Libyan commercial banks. The suspect was also in possession of 41 raw magnetic cards prepared and equipped for use in electronic […] The post Suspect arrested in possession of over 400 currency debit cards destined for money laundering via UAE and Turkey appeared first on LibyaHerald .
The Tripoli based Libyan Minister of Economy and Trade announced yesterday Decision No. (272) of 2026 (dated 17 May 2026) authorizing the Ministry of Health to use seven accredited international inspection companies to conduct external inspections on shipments of medicines and medical equipment at export ports outside Libya. The Economy Ministry said this comes within […] The post Economy Ministry accredits seven international inspection companies to inspect imports of medicines & medical equipment at ports of origin appeared first on LibyaHerald .
Libya's National Oil Corporation chairman Masoud Suleiman met with Shell officials and NOC technical directors to discuss ongoing studies on the development potential of several Libyan oil and gas fields. The study is expected to be completed by end of May as part of a 2025 memorandum of understanding between the two parties.
Aldabaiba visits Rome today: Debts to Italy and Libyan bureaucracy are holding back increased trade On the day of the arrival of Tripoli based Libyan Prime Minister, Abdel Hamid Aldabaiba, for a two-day official visit to Rome, Italy’s Agenzia Nova reported exclusively yesterday that difficulty in payments, uncertain rules and complex procedures, continue to hinder economic relations between Italy and Libya, despite a strong mutual interest in strengthening trade. Aldabaiba […] The post Aldabaiba visits Rome today: Debts to Italy and Libyan bureaucracy are holding back increased trade appeared first on LibyaHerald .
The New Arab Op-ed: Absent reforms, unfreezing Libyan Investment Authority is risky Note: This op-ed was originally published in The New Arab and was authored by Justyna Gudzowska, Executive Director of The Sentry. Libya’s sovereign wealth fund needs better governance before UN sanctions can be eased, argues Justyna Gudzowska. On 11 April, the United States brokered a unified spending framework for Libya, endorsed by both eastern and western factions—a sign of […] The post The New Arab Op-ed: Absent reforms, unfreezing Libyan Investment Authority is risky appeared first on The Sentry .
Libya's joint economic chamber with Egypt has warned of fraudulent private inspection companies allegedly charging illegal fees in US dollars to process imported goods including cement, paint, and cleaning materials, according to correspondence from Libya's Ministry of Environment.
According to Russian Deputy Foreign Minister Alexander Pankin, consequences of the current situation in Libya, Yemen and Syria may also affect the South Caucasus and the Caspian Sea regions
As part of efforts to support local production, Minister of Economy and Trade, Suhail Abu Shiha, met with a delegation from the Libyan Industry Union (LIU), representing most regions of Libya, in the presence of the Union’s Executive Director, Ali Nuseer. The meeting, the LIU reported, focused on developing practical solutions to the challenges facing […] The post Ministry of Economy and Libya Industry Union discuss ‘‘practical solutions’’ to problems facing local manufacturing appeared first on LibyaHerald .
The Libya Africa Investment Portfolio (LAIP) reported yesterday that representatives of the African Development Bank (AfDB) expressed their strong desire to support LAIP’s Two Transit Corridors Project and to expand the proposed support by mobilizing international funding from donors. LAIP said this funding would contribute to securing the necessary partial or full financing to complete […] The post AfDB offers to help fund Libya’s Libya-Africa Transit Corridors Project: LAIP appeared first on LibyaHerald .
The Sentry’s new investigation finds Ahmed Gadalla is the linchpin of the Haftar family’s power—controlling banks, evading the UN arms embargo, distributing unauthorized dinar banknotes, and orchestrating multimillion-dollar fraud schemes to bankroll Field Marshal Haftar’s power ambitions at the expense of the Libyan public. APRIL 7, 2025 (Washington, DC) – A major new investigation by […] The post ‘Eastern Libya’s Money Man’: New Investigation Exposes the Haftar Family’s Top Fixer appeared first on The Sentry .
Libya's National Security Advisor declared at a Rome meeting of the Quadripartite Cooperation Committee on irregular migration that Libya will not become a destination or resettlement zone for migrants, reaffirming the country's established position on border and migration management.
Plaintiffs' lawyers denounce 'inversion of victimhood' at Sarkozy's appeal trial Lawyers for the families of victims of a 1989 plane bombing, attributed to Muammar Gaddafi's Libya, decried Nicolas Sarkozy's denial of a 'corrupt pact' forged with the Libyan regime.
Leaked data reveals the extent of Tunisia and the European Union’s cooperation on migration In 2023, Tunisia, the pivotal migration crossroads between Africa and Europe, emerged as the primary route to Italy, surpassing Libya. As Tunisia deepens its cooperation with the European Union, leaked confidential documents shed light on the scale of the migration crisis, its key figures, and its profound consequences for migrants.
Archaeologists and local staff in Libya's Cyrenaica region are protecting archaeological treasures despite limited resources and public engagement, following the region's role in the 2011 uprising.
Libya's Central Bank said Numisma Bank pledged to supply record amounts of dollars as part of a second phase of cash injections into the Libyan market, following a meeting between CBL Governor Naji Issa and Numisma Bank officials.
Libya inaugurated the first phase of the Julyana infrastructure project in Benghazi, which includes construction of five modern bridges as part of broader reconstruction efforts led by the Libya Development and Reconstruction Fund.
Sebha International Airport was inaugurated following the completion of its construction and equipping under the supervision of Libya's National Development Authority, with attendance from NDA leadership and representatives of the eastern-based Libyan Arab Armed Forces.
The "Soumoud 2" land convoy is preparing to leave Libya to bring aid to Gaza.
The Libyan privately owned MedSky Airways has announced that it will be adding an additional flight to its service between Tripoli and Malta this summer. The additional flight will start from 23 June. Despite the EU ban on scheduled flights to and from Libya because of the country’s instability and security following the 2011 revolution, […] The post MedSky to add additional flight to its service to Malta from 23 June appeared first on LibyaHerald .
Libya’s Benghazi-based private sector company, MENA Exhibitions and Conferences and MENA Food, participated in TUTTOFOOD Milano (11-14 May), one of the largest international exhibitions specializing in the food and beverage industry, held in Milan. The event saw wide participation from companies, institutions, and experts from around the world. Mahdi Al-Bahloul, CEO of MENA, represented the […] The post Libya holds a strategic location that positions it to be a major gateway to African markets – MENA Exhibitions CEO appeared first on LibyaHerald .