No Result
View All Result
Thursday, October 16, 2025
23 °c
Tripoli
24 ° Sat
24 ° Sun
  • Advertising
  • Contact
LibyaHerald
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
SUBSCRIBE
  • Home
  • Libya
  • Business
  • Opinion
  • Magazine
  • Advertising
  • Login
  • Register
No Result
View All Result
LibyaHerald
No Result
View All Result
Home Business

Islamic banking unit for Central Bank

byMichel Cousins
March 13, 2012
Reading Time: 1 min read
A A

Libya has agreed in principle to set up an Islamic banking section within the central bank.  A memorandum of understanding to . . .[restrict]that effect was signed in Tripoli on Monday by Prime Minister Abdurrahim Al-Kib and the president of the Jeddah-based Islamic Development Bank, Ahmed Mohamed Ali.

During his visit Ali also met with Minister of  Economy and Trade, Ahmed Koshli.

Two other agreements were signed with the IDB were signed during Ali’s visit. One upgraded an existing agreement with Libya’s Economic Development Board signed in February 2010. In the second, as part of its grants to Arab Spring countries, the IDB agreed to provide $50 million in finance support for private projects in Libya.

Accompanying the IDB chairman in his visit to Libya were officials from affiliated IDB institutions, the Islamic Corporation for Insurance of Investments and Export Credits and the Islamic Corporation for the Development of the Private Sector.

Ali attended a seminar in Tripoli on Tuesday before leaving the country.

RELATED POSTS

Economic Conference on Diversifying Sources of Income held in Tripoli

LBC to hold virtual workshop with IsDB on export mechanisms and access to international markets

 

 

  [/restrict]

Related Posts

Economic Conference on Diversifying Sources of Income held in Tripoli
Business

Economic Conference on Diversifying Sources of Income held in Tripoli

October 15, 2025
LBC leading delegation to Miami for America’s Food and Beverage Show – 18 to 20 September
Business

LBC to hold virtual workshop with IsDB on export mechanisms and access to international markets

October 15, 2025
Use of card and e-payments on the increase – helping to resolve Libya’s bank cash liquidity problem
Business

Traders warned of failure to use e-payments ahead of clampdown by Municipality Guards

October 15, 2025
LAIP’s Ola Energy opens two new petrol stations in Tunisia
Business

Libya Africa Investment Portfolio announces strategic lubricant blending project between its Ola Energy Company, Misrata Free Zone, and Brega Marketing Co.

October 15, 2025
NOC announces force majeure at Zawia port
Business

National Oil Corporation discusses prospects for technical cooperation with America’s Halliburton

October 15, 2025
The International Forum & Exhibition for Free Zones – Misrata: 28 to 29 June at Misrata Free Zone
Business

Misrata Free Zone signs MoU with Italy’s Eli-Fly Helicopter Services Co.- its Misrata Free Zone branch inaugurated

October 14, 2025
Next Post

The Libyan Uprising and Foreign Contractors: Resorting to Force Majeure under Libyan Law

Libya aims for aviation maintenance and spares industry.

libyaherald-Ads

Top Stories

  • Atletico Madrid win Benghazi’s Reconstruction Cup after beating Inter Milan 4-3 on penalties – great political showpiece for Hafter

    Atletico Madrid win Benghazi’s Reconstruction Cup after beating Inter Milan 4-3 on penalties – great political showpiece for Hafter

    0 shares
    Share 0 Tweet 0
  • Emirates Airlines security delegation visits Tripoli to begin Mitiga Airport inspection tour

    0 shares
    Share 0 Tweet 0
  • After its withdrawal from circulation of certain banknotes, CBL reveals that currency printed unofficially in Russia totalled to 6.5 billion dinars

    0 shares
    Share 0 Tweet 0
  • IOM identifies 894,890 migrants in Libya from 45 nationalities in May-July 2025 reporting period – 18 percent up on 2024

    0 shares
    Share 0 Tweet 0
  • National Oil Corporation discusses prospects for technical cooperation with America’s Halliburton

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
LibyaHerald

The Libya Herald first appeared on 17 February 2012 – the first anniversary of the Libyan Revolution. Since then, it has become a favourite go-to source on news about Libya, for many in Libya and around the world, regularly attracting millions of hits.

Recent News

Economic Conference on Diversifying Sources of Income held in Tripoli

LBC to hold virtual workshop with IsDB on export mechanisms and access to international markets

Sitemap

  • Why subscribe?
  • Terms & Conditions
  • FAQs
  • Copyright & Intellectual Property Rights
  • Subscribe now

Newsletters

    Be the first to know latest important news & events directly to your inbox.

    Sending ...

    By signing up, I agree to our TOS and Privacy Policy.

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    Welcome Back!

    Login to your account below

    Forgotten Password? Sign Up

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • Login
    • Sign Up
    • Libya
    • Business
    • Advertising
    • About us
    • BusinessEye Magazine
    • Letters
    • Features
    • Why subscribe?
    • FAQs
    • Contact

    © 2022 LibyaHerald - Powered by Sparx Solutions.

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.