News

Weekly News Roundup: Friday, April 18, 2025

Libya launches cross-border public transport service http://lyo.ly/5pzw

Transport Minister, Maltese Ambassador explore steps to reinstate Libyan flights in European airspace http://lyo.ly/5pzv

Algeria wins seat on AU Peace, Security Council after competing with Libya http://lyo.ly/5pzu

Libya, Tunisia discuss facilitating movement of goods and individuals http://lyo.ly/5pzs

Libya's Bargash elected vice president of Arab Basketball Federation http://lyo.ly/5pzy

Economy

CBL issues circular for speculation certificates for investors at banks

The Banking and Currency Supervision Department at the Central Bank of Libya has called for the issuance of unrestricted speculation deposit certificates for clients of commercial banks who hold investment accounts.

In a circular addressed to the directors of commercial banks, the department outlined the Central Bank’s instructions regarding these certificates, stating they should be designated for investing customer balances in investment accounts at Libyan banks, with an expected annual return of 5.5% for the banks. The certificates will be issued in three maturities: 91, 182, and 365 days, respectively.

Sports

LFF: Hexagonal League will be officiated by Libyan referees

The Head of the General Referees Committee at the Libyan Football Federation (LFF), Mohammed Al-Jallali, stated that the first phase matches of the Premier League’s Championship Round (the “Hexagonal League”) will be officiated by local referees.

Al-Jallali added that clubs wishing to bring in foreign referees must cover the financial cost themselves, which can reach up to 150,000 Libyan dinars.

Variety

Culture minister discusses support for cultural institutions

Minister of Culture and Knowledge Development, Mabrouka Tougi, has held a series of meetings aimed at strengthening the country’s cultural sector and enhancing regional and international cooperation.

In a meeting with Mohamed Awad, Director of Misrata Cultural Radio, Minister Tougi discussed strategies to support the station, ensure the continuity of its broadcasts, and improve its cultural content.

In a separate engagement, the Minister met with Nasser Brini, Mayor of Gharyan, to explore opportunities for collaboration to revitalise the city’s cultural landscape.

Education

Higher Education Ministry says UNESCO wants to reopen its office in Tripoli

‎The UNESCO Regional Director for North Africa, Eric Falt, expressed on Monday the organization's desire to open a UNESCO office in Libya, pointing out the importance of permanent and direct communication in order to overcome all difficulties to complete stalled and future projects, according to a statement by the Ministry of Higher Education and Scientific Research.

Health

Libya's Health Minister reviews Ebola developments with WHO

The Deputy Prime Minister and Acting Minister of Health, Ramadan Abu Janah, discussed in a meeting on Sunday the regional and international epidemiological status of the Ebola virus with representatives of the World Health Organization (WHO).

The meeting was attended by the Director of the National Center for Disease Control, Haider Al-Sayeh, the Director of the Medical Supply Authority, Osama Al-Warghami, and several other department heads and specialists. The meeting focused on the precautionary measures required to strengthen Libya's health system readiness to face any potential risks.

Opinions

The Central Bank’s Currency Devaluation Will Deepen Libya’s Crisis

The Central Bank of Libya’s recent decision to devalue the dinar by 13.3% and tighten access to foreign currency is being presented as a step toward financial stability. In reality, it is a short-sighted move that risks deepening the country’s economic divide and fueling further political fragmentation.

More In brief

Zawiya Company launches industrial oil plant

Zawiya Oil Refining Company has inaugurated a project to develop its industrial oil blending and packaging factory, with representatives from the German company GTG in attendance.

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