Switzerland eases sanctions on Libya
Switzerland will on Thursday unblock some frozen Libyan assets and allow the transfer of money to some state institutions, the Swiss government said on Wednesday. The move will allow the transfer of...
View ArticleLibya’s c.bank expected to have sanctions lifted
Libya’s central bank and a subsidiary are expected to have U.N. sanctions against them lifted on Friday in a move to ease a cash crunch since the country’s civil war ended, diplomats said on Wednesday....
View ArticleLibya bank rolls out Islamic products
The Libyan Foreign Bank will offer Shariah-compliant products as the government prepares regulation to make Islamic banking the norm in the North African nation following the ousting of Moammar...
View ArticleLibyan Foreign Bank Considers Strategy
The Libyan Foreign Bank (LFB) has begun a a three-day seminar to see how it can better integrate its banking subsidiaries in 22 countries throughout Africa, Europe and the Middle East, according to...
View ArticleJumhouria Bank on Mortgages and SME Loans
By Osama Humaydan. In the recent speech, Mr. Akkari, chairman of Jumhouria Bank, the largest bank in Libya, noted that the upcoming period will witness major developments by the Central Bank of Libya....
View ArticleTurkey, Libya Tension over Letters of Guarantee
Today’s Zaman reports that Libya is seeking to cash in letters of guarantee issued for projects Turkish contractors undertook but had to temporarily abandon due to the revolution. Libya has recently...
View ArticleHSBC Pulls Out of Libya
The Telegraph reports that HSBC is cutting its ties with Libya with the closure of its representative office in Tripoli, ending a presence in the country that dates back more than 50 years. The office,...
View ArticleNOC Meets with Libyan Foreign Bank
On Tuesday, September 22nd, the National Oil Corporation (NOC) in Tripoli held a meeting between its chairman, the Board of Directors of NOC, the executive manager of the Stream Company (Aldafaq), the...
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