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Top Libya Herald News

Libya, Turkiye Sign Geological, Geophysical MoU on Four Offshore
International

Libya, Turkiye Sign Geological, Geophysical MoU on Four Offshore

100% Right coverage: 2 sources
TRIPOLI: Libya’s National Oil Company (NOC) had signed a memorandum of understanding with Turkish state oil company TPAO to conduct a geological and geophysical study of four offshore areas, NOC said on Wednesday. “Discussions were also held regarding conducting a two-dimensional seismic survey (10,000 km long), and processing the data resulting from these surveys within aSee the Story
CBL Reveals Discovery of LD 3.5 Billion in Counterfeit 50-Dinar Notes Printed in Russia – PM Calls on Attorney General to Open Investigation
Central Bank · Libya

CBL Reveals Discovery of LD 3.5 Billion in Counterfeit 50-Dinar Notes Printed in Russia – PM Calls on Attorney General to Open Investigation

‎The Central Bank of Libya (CBL) announced today that during its recent recall of the old LD 50-dinar denominations (second series) printed by the eastern based authorities in Russia, it had discovered more than LD 3.5 billion in counterfeit notes. ‎The CBL explained in its statement that what was issued in this category printed in […] The post CBL reveals discovery of LD 3.5 billion in counterfeit 50-dinar notes printed in Russia – PM calls on …See the Story
Exchanging notifications of the arrival of commercial ships through the (PTS) electronic trade portal starts
Libya · Libya

Exchanging notifications of the arrival of commercial ships through the (PTS) electronic trade portal starts

‎The Tripoli based Libyan Ministry of Economy and Trade’s Libya Trade Network announced yesterday that the notification exchange of the arrival of commercial ships through the PTS electronic trade portal has commenced.‎ ‎This service is based on joint working agreements between Libya Trade Network, the Ports and Maritime Transport Authority and the Chamber of Maritime […] The post Exchanging notifications of the arrival of commercial ships throu…See the Story

Libya’s Economy Showed Recovery in 2024, Remained Resilient Despite Reliance on Hydrocarbons and Ongoing Political and Security Instability: World Bank

According to the World Bank’s latest Economic Monitor for Libya, released yesterday, Libya’s economy showed promising signs of recovery in 2024 and remained resilient despite challenges arising from its reliance on hydrocarbons and ongoing political and security-related instability. The report says Libya’s economy contracted by 0.6 percent, primarily driven by a 6 percent decline in oil […] The post Libya’s economy showed recovery in 2024, remai…Immigration · CreteSee the Story

A 247,000-bpd oil production increase would achieve US$ 6 billion annually to enhance ability to meet FX demand, maintain strength of LD and achieve economic balance: CBL ‎

‎The Governor of the Central Bank of Libya meets the Chairman of the Board of Directors of the National Oil Corporation to discuss mechanisms to support the increase in oil production‎ ‎Governor of the Central Bank of Libya (CBL), Naji Issa, held an extensive meeting today with the Chairman of the National Oil Corporation (NOC), […] The post A 247,000-bpd oil production increase would achieve US$ 6 billion annually to enhance ability to meet FX …Oil and Gas Sector · LibyaRead Article

Op-Ed: Reputational Damage Is Worse Than Losing Money

I have formally written to Libya’s Audit Bureau requesting an official public declaration to clear me, my family members, and the directors of companies in which I hold shares. This appeal comes after the Bureau’s previous false public accusations dating back to October 2015, which were made maliciously through the abuse of power, without proper […] The post Op-Ed: Reputational Damage Is Worse Than Losing Money appeared first on LibyaHerald.Money · LibyaRead Article

All imports into Libya must be paid for through official bank transactions

‎The Tripoli based Libyan Ministry of Economy and Trade has request that the Libyan Customs Authority start to implement its decree No. 42 of 2025 regarding the prohibition of imports and exports except through banking operations approved by the Central Bank of Libya (CBL). The decision applies to all Libyan ports of entry. The decision […] The post All imports into Libya must be paid for through official bank transactions appeared first on Liby…Tripoli, Libya · TripoliRead Article

Harouge Oil Operations Company replaces Al-Ghani field pipeline

The production maintenance team at the Al Ghani field was able to replace an 8-inch pipeline at the main Al Ghani plant as part of the ongoing maintenance and rehabilitation work in the field. Harouge says this comes as part of infrastructure development efforts to enhance the efficiency of operations and ensure the continuity of […] The post Harouge Oil Operations Company replaces Al-Ghani field pipeline appeared first on LibyaHerald.Libya · LibyaRead Article

Ministry of Economy warns against currency speculation

The Tripoli based Libyan Ministry of Economy and Trade warned all in Libyan against currency speculation or buying foreign currencies for non-productive or legitimate consumer purposes. In a statement issued last Sunday (29 June), the ministry urged everyone to exercise caution, protect their savings, and not be swayed by market rumours or unofficial recommendations. Economic […] The post Ministry of Economy warns against currency speculation ap…Tripoli, Libya · TripoliRead Article

CBL Demands Imports Are Conducted Through Official Banking Instruments and the Elimination of the FX Black Market

In a series of letters leaked by credible Libyan media sites, the Central Bank of Libya (CBL) continues its efforts to positively affect the Libyan economy through retaining the value of the Libyan dinar by controlling the black-market trade in foreign exchange. Restricting imports through import licences – prerequisite payments through banks – no cashIn […] The post CBL demands imports are conducted through official banking instruments and the …Economy · LibyaSee the Story

LBC establishes first private-sector led industrial financing fund in Libya

‎The Libyan Business Council (LBC) hosted at its Tripoli headquarters today the first meeting of the technical committee responsible for preparing the organisational structure of the Libya Industrial Development Fund. The meeting, the LBC announced, comes as a practical step in the LBC’s efforts to launch the first private sector-led industrial financing fund in Libya […] The post LBC establishes first private-sector led industrial financing fun…Tripoli, Libya · TripoliRead Article

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