Reports of coercive pressure in Libya [10 sources]
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Reports of coercive pressure in Libya [10 sources]
Libya applied coercive pressure on Bangladeshi in Libya [8 sources]
Libya applied coercive pressure in Tripoli [4 sources]
Reports of conflict in Libya [4 sources]
Tripoli coerced Libya in Tripoli [3 sources]
Libya applied coercive pressure in Libya [8 sources]
Usaid coerced Libya in Maryland [5 sources]
Record 40 Tons of Cocaine Seized from Ship by Spanish Police "Socalj" for Borderland Beat The Spanish police announced the seizure of what is believed to be the largest seized shipment of cocaine in history. On Friday May 1, Spanish Civil Guard took control of a ship loaded with huge quantities of drugs off the coast of the Canary Islands. According to sources from the main Civil Guard Union (AUGC), reported by Agence France-Presse, the quantity seized is estimated to be between 35 and 45 tons of cocaine, as the ship’s holds were “completely full” of drug packages, making it a “historic operation.” Currently, thorough inspections of the ship are being conducted, which docked in the Canary ports after departing from Freetown, Sierra Leone, heading towards Benghazi, Libya.
CBL to inject US$ 300 million into card system, authorises transfer for small traders of up to US$ 100,000 quarterly The Central Bank of Libya (CBL) briefed local Libyan Arabic-language media outlets today that it has concluded a meeting with major local banks to discuss difficulties facing foreign currency sales for all purposes. This comes after the long-awaited sale of cash dollars had begun Monday in banks across Libya. Counterintuitively, instead of sending the exchange […] The post CBL to inject US$ 300 million into card system, authorises transfer for small traders of up to US$ 100,000 quarterly appeared first on LibyaHerald .
Naji Issa, Governor of the Central Bank of Libya (CBL), and Major General Emad Al-Trabulsi, Minister of Interior, discussed a joint action plan aimed at curbing negative phenomena in the Libyan economy. The expanded meeting was held to discuss shared economic and security issues affecting the banking sector and the financial stability of the country. […] The post CBL Governor & Interior Minister discuss action plan to curb FX black-market, reduce smuggling across borders and imports outside banking system appeared first on LibyaHerald .
Libya's Central Bank announced plans to inject US$3 billion into the market during May and an additional US$3.5 billion in June to stabilize the dinar and meet accumulated demand for foreign currency across personal use, cards, and cash withdrawals.
Prosecution is seen as landmark step towards justice over abuses of refugees trying to reach Europe from Africa A former militia commander accused of overseeing murder, rape, enslavement and torture in Libyan detention centres will appear at the international criminal court on Tuesday for a hearing that campaigners say is a landmark step towards “justice, truth, reparation and deterrence” of abuses of refugees trying to reach Europe from Africa. The prosecution of Khaled Mohamed Ali El Hishri on charges of war crimes and crimes against humanity is the first to reach a courtroom resulting from the ICC’s investigation into crimes in Libya after the fall of Muammar Gaddafi in 2011. Continue reading...
Libya’s Tripoli based Ministry of Oil and Gas announced last Wednesday (6 May) that Libya had joined the World Bank’s initiative to eliminate Routine Gas Flaring by 2030 – saving about US$ 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 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.
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.
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.
Libya's Minister of Hydrocarbons Muhammad Arqab met with the Director of the National Higher School of Mathematics to discuss opportunities for enhanced cooperation between educational institutions and the energy sector.
Libya and Germany held the fifth bilateral Economic Forum in Tripoli, bringing together trade officials and business organizations from both nations to discuss economic cooperation.