The Central Bank of Libya (CBL) has issued a statement expressing bewilderment at the decision of the Head of the Presidential Council Fayez Al-Sirraj to hold a meeting for the two governors of the CBL – in Tripoli and in Al-Bayda – in order to end parallelism as per the …

A militia group protecting Sharara oil field has decided to halt oil production until their demands are met.

Benghazi port in east Libya reopened for the first time in three years on Sunday after being forced into closing because of clashes in the cradle of the 2011 revolution.

Arab foreign ministers have called for the UN freeze on Libyan assets abroad to be lifted. Making the call at the Arab League foreign ministers meeting in Cairo yesterday, they said that access to the money was needed by the Presidency Council (PC) to fund services needed by the Libyan …

In the past three years, disruption to Libya’s oil production has cost the country $160 billion, the Central Bank of Libya (CBL) said today. That is almost $9,000 per head per year for every one of the country’s six million people.

The Libyan Investment Authority (LIA) says it is being crippled by the UN freeze on its once $69 billion of international assets, to the extent that in 2014 alone it lost $719 million.

Clashes broke out Thursday morning over the arrival of cash in Sahari Bank in Al-Khums city center.

The Ministry of Economy of the Interim Government, a parallel body in east Libya, has issued a resolution to ban the Italian companies from working in Libya or establishing any joint Libyan-Italian firms.

Presidency council (PC) co-deputy leader Ahmed Maetig has said the families of the those killed by a NATO airstrike during the 2011 revolution on the village of Majer, near Zliten, must have further compensation for their losses. He was speaking in the town yesterday.

Moscow has plans to renew agreements with Libya that were signed under the deposed dictator, Muammar Gaddafi, Russia’s chief contact in Libya said on Friday.