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Spotlight | Libya
Central Bank facing tough times as money laundering report looms

The Central Bank of Libya, in Tripoli. © Charles O. Cecil/Alamy

The regional branch of the Financial Action Task Force is due to examine the report submitted by the Central Bank of Libya to assess its financial compliance. While some progress has been made, problems remain. [...]

Published on 24.06.2024 at 04:40 GMT Reading time 4 minutes

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Diplomacy

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Libya
Abdelghani al-Kikli
Abdelhamid Dabaiba
Al Ahly Sport Club
Al Seddik Omar al-Kabir
Central Bank of Libya
Dmitry Gershenson
Facilities Security Authority
Financial Action Task Force
Ghneiwa
Government of National Unity
International Monetary Fund
Khalifa Haftar
Middle East and North Africa Financial Action Task Force
Ousama Abdulmajid Mohamed
Ousama Talish
Stability Support Apparatus
United Nations
UNSMIL

Libya
Central bank governor's tug-of-war with Dabaiba paralyses economy

Al-Seddik Omar al-Kabir has considerably reduced the financing of letters of credit in order to tackle the country's financial crisis, amid an ongoing conflict with the prime minister.

Subscribers only Finance, Politics 26.01.2024

The Governor of the Central Bank of Libya (BCL), Al-Seddik Omar al-Kabir and Prime Minister Abdelhamid Dabaiba.

Spotlight | Libya
Central bank governor Al Kabir battles for control of Libya's petrodollars

Al Seddik Omar Al Kabir is waging an underground war against Prime Minister Abdelhamid Dabaiba, who is protecting his ally, the National Oil Corp boss Farhat Omar Bengdara. At stake is control of the country's oil revenues.

Subscribers only Energy, Politics 30.11.2023

The governor of the Libyan Central Bank, Al Seddik Omar al-Kabir.

Spotlight | Libya
Washington and Paris push for new unified government in Libya

US and French diplomats are pressing for the creation of a new unified government to get the election process rolling again. This could lead to the departure of prime minister Abdelhamid Dabaiba, who is already in a weak position.

Subscribers only Diplomacy 14.09.2023

Libyan Prime Minister Abdelhamid Dabaiba.

Spotlight | Libya
NOC boss Farhat Bengdara manoeuvres to set up financial oversight committee

The National Oil Corp chairman was the driver behind the creation of a body to oversee state finances. Khalifa Haftar and Abdelhamid Dabaiba are both represented on the committee, which means they are in a position to influence the allocation of public funds.

Subscribers only Finance, Energy 19.07.2023

Farhat Bengdara, the chairman of Libya's National Oil Corp during a press conference outside the corporation's headquarters in the capital Tripoli on 14 July 2022.

Libya
Western agri-food companies rake in letters of credit

In 2022, the leading agri-food groups in the greater Tripoli region obtained letters of credit worth more than $500m from the Central Bank of Libya.

Free access Business 21.12.2022

Spotlight | Libya
Washington hatches plan to oversee oil revenues

The United States is hoping to set up a "special oversight committee", itself managed by a private auditing firm, to control the transfer of revenues from the National Oil Corp to Libya's state institutions. At stake is a drop in production sparked by the political row over such transfers.

Subscribers only Energy, Diplomacy 10.06.2022

Inner circles | Libya
Central Bank of Libya at heart of battle between Dabaiba and Bachagha

With billions of dollars of oil revenues in its coffers, the politically powerful Central Bank of Libya has been presided over for a decade by the unbudgeable Al Seddik Omar Al Kabir. It recently began the process of reuniting with its breakaway branch in eastern Libya and found itself straight away in the middle of the tug-of-war between Abdelhamid Dabaiba and Fathi Bachagha for the premiership.

Subscribers only Politics 18.02.2022

The Governor of the Libyan Central Bank (LCB) Al Seddik Omar al-Kabir.

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Libya
Abdelghani al-Kikli
Abdelhamid Dabaiba
Al Ahly Sport Club
Al Seddik Omar al-Kabir
Central Bank of Libya
Dmitry Gershenson
Facilities Security Authority
Financial Action Task Force
Ghneiwa
Government of National Unity
International Monetary Fund
Khalifa Haftar
Middle East and North Africa Financial Action Task Force
Ousama Abdulmajid Mohamed
Ousama Talish
Stability Support Apparatus
United Nations
UNSMIL

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Spotlight | Libya
Central Bank facing tough times as money laundering report looms

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Set up email notifications for these topics

Libya
Central bank governor's tug-of-war with Dabaiba paralyses economy

Spotlight | Libya
Central bank governor Al Kabir battles for control of Libya's petrodollars

Spotlight | Libya
Washington and Paris push for new unified government in Libya

Spotlight | Libya
NOC boss Farhat Bengdara manoeuvres to set up financial oversight committee

Libya
Western agri-food companies rake in letters of credit

Spotlight | Libya
Washington hatches plan to oversee oil revenues

Inner circles | Libya
Central Bank of Libya at heart of battle between Dabaiba and Bachagha

Set up email notifications for these topics

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Indigo Publications' websites

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Spotlight | Libya Central Bank facing tough times as money laundering report looms

This article may be accessed by subscribers

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create a free account

Set up email notifications for these topics

Libya Central bank governor's tug-of-war with Dabaiba paralyses economy

Spotlight | Libya Central bank governor Al Kabir battles for control of Libya's petrodollars

Spotlight | Libya Washington and Paris push for new unified government in Libya

Spotlight | Libya NOC boss Farhat Bengdara manoeuvres to set up financial oversight committee

Libya Western agri-food companies rake in letters of credit

Spotlight | Libya Washington hatches plan to oversee oil revenues

Inner circles | Libya Central Bank of Libya at heart of battle between Dabaiba and Bachagha

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Nigeria
Fertiliser giants Indorama and Dangote in murky waters over urea shortage

Niger
Washington watches as Tehran negotiates with Niamey for 300 tonnes of uranium

Spotlight | Libya
Central Bank facing tough times as money laundering report looms

Libya
Central bank governor's tug-of-war with Dabaiba paralyses economy

Spotlight | Libya
Central bank governor Al Kabir battles for control of Libya's petrodollars

Spotlight | Libya
Washington and Paris push for new unified government in Libya

Spotlight | Libya
NOC boss Farhat Bengdara manoeuvres to set up financial oversight committee

Libya
Western agri-food companies rake in letters of credit

Spotlight | Libya
Washington hatches plan to oversee oil revenues

Inner circles | Libya
Central Bank of Libya at heart of battle between Dabaiba and Bachagha