BANKING

September 20, 2018

JPMorgan faces $6 million bribe allegation from Libyan oil fund

The Libyan Investment Authority sued JPMorgan Chase & Co. in London, saying the lender paid more than $6 million in bribes to secure a $200 million bond deal.

JPMorgan’s Bear Stearns sent the payments"...

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September 20, 2018

180% tax tapped on Libyan Dinar-US Dollar bank transactions

The Presidential Council (PC) issued a statement imposing 183% fees on the foreign currency transactions at the banks.

The new order sees 1 dollar becoming worth 3.90 Libyan dinars. Before the decision, $1 was"...

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September 18, 2018

CBL Governor issues order to disburse additional dollar allocations for householders

The Governor of the Central Bank of Libya (CBL), Saddek ElKaber, has given instructions to commercial banks to start disbursing additional $500 per citizen to the Libyan families.

On its Facebook page, the bank"...

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September 15, 2018

Haftar’s son moves millions from Central Bank of Libya

Brigadier General Khalifa Haftar’s son transferred large sums of money and silver from the Central Bank of Libya to unknown destinations in 2017, a new report has revealed.

A panel of experts on Libya released"...

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August 29, 2018

Merger Agreement between Barwa Bank and International Bank of Qatar (ibq)

Barwa Bank and International Bank of Qatar (ibq) have announced that they have signed a final agreement regarding the merger of the two banks to create a leading Sharia compliant financial institution with"...

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August 27, 2018

Libya's Central Bank denies accusing Presidential Council of hindering economic reforms amid press evidence

Arraed Media Network published a tape for the Secretary of the Central Bank of Libya (CBL) Fathi Agoub proving he accused the Presidential Council (PC) of impeding the implementation of the economic reforms.

'Legislations"...

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