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Economy

Libyan Foreign Bank receives Best Bank in Africa honor

 The Libyan Foreign Bank receives the Best Bank in Africa Award in terms of contributions and capital for year 2018.  The Libyan Foreign Bank said on its official page on Sunday, the International Union of Arab Bankers organized the awards ceremony of excellence and achievement of Arab banking in 2018, …

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Dollar Falls after Haftar hands over oil ports to NOC

The exchange rate of the dollar fell on Wednesday against the Libyan dinar in the parallel market after the announcement by the National Oil Corporation (NOC) of receiving the oil ports and the lifting of the status of force majeure. The price of the dollar stood at 6,670 dinars, after …

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Food control rejects shipment of hay coming from Bulgaria

Director of the Food Control Center, Abdelmajid Boulmida said on Wednesday that the Center rejected a shipment of “wheat straw” coming from Bulgaria because of damage it sustained from seawater and moisture. Boulmida said in a statement to ArraedLG that the return of the shipment is not within the jurisdiction …

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PC forms committee to reduce state revenues spending

The head of the Presidential Council (PC), Faiz Al-Sarraj agreed with the Minister of Finance, Osama Hammad to form a crisis committee to collect state revenues, reduce expenditure and consumption. Al-Sarraj discussed with the Minister of Finance on Sunday the impact of the low revenues of the State; because of …

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