Customs Authority uncovers 11 companies involved in illicit use of Letters of Credit exceeding US$ 54 million
The Libyan Customs Authority announced yesterday the detection of 11 companies that obtained Letters of Credit at the official (and ...
Tag: LCs letters of credit
Misrata Chamber of Commerce receives Chargé d’affaires of Chinese Embassy – business visas and Letters of Credit discussed
Misrata Chamber of Commerce reported yesterday that its Chairman, Fathi Al-Amin Al-Turki, its Vice Chairman, along with several department heads, ...
Misrata Free Zone Customs seizes ten containers from Turkey full of table salt instead of coffee beans as part of a hard currency smuggling operation
The Official Spokesperson of Libya’s Customs Authority, Colonel Fahmi Al-Magouri, announced yesterday that officers at its Misrata Free Zone Customs ...
Small business in Misrata condemn Economy Ministry’s decision to prohibit imports except by banking transactions
In a statement posted on social media by Misrata Chamber of Commerce, small and medium-sized enterprises (SMEs) and small traders ...
CBL fails to attend workshop on “Decision-Making and Implementation Meet: A Direct Dialogue between the CBL and the Private Sector”
The Central Bank of Libya (CBL) was criticised for failing to participate in a workshop entitled “Decision-Making and Implementation Meet: ...
Minister of Economy discusses regulating priorities of market needs and import budget
The Tripoli based Libyan Minister of Economy and Trade, Mohamed Al-Hwej, held a meeting at the Ministry's Tripoli office today, ...
All imports into Libya must be paid for through official bank transactions
The Tripoli based Libyan Ministry of Economy and Trade has request that the Libyan Customs Authority start to implement its ...
CBL opened all US$ 6.5 bn LC requests for import of Ramadan food products – no justification for shortages or price rises!
The Central Bank of Libya (CBL) reported yesterday that it had met all the requests to open letters of credit ...
Aldabaiba rejects and hits back at El-Kaber and Saleh’s attempts to introduce 27 percent FX tax
In a speech broadcast last night on state controlled Libyan TV, Tripoli based Libyan Prime Minister Abd Alhamid Aldabaiba said ...
Economy Minister relents to protests; orders release of goods held in ports
The Tripoli based Libyan Minister of Economy and Trade, Mohamed Al-Hwej, today relented to protests by businesses through the various ...
Top Stories
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Qatari, Italian and Swiss US$ 2.7 billion investment in Misrata Free Zone to increase its capacity to 4 million containers annually
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Zawia airport construction starts – under the NDA and to be implemented by a Turkish company
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CBL devalues LD by 14.7% from approximately LD 5.43/dollar to about LD 6.36/dollar
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Economy Minister Hwej warns that Libya can run out of hard currency reserves if it does not control imports
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Libya’s state mobile company Almadar to launch 5G services soon
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.