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"...
Read More >>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"...
Read More >>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"...
Read More >>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"...
Read More >>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"...
Read More >>August 27, 2018
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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