Banking & Finance

The Central Bank of Libya (CBL) has called on companies which have been given preliminary approval to open bureaux de change to complete their licensing procedures.
Combined pre-tax profits at Libya's commercial banks continued their downward trend in the third quarter, though the pace of decline has slowed.
Nadir al-Senussi says that the move towards Islamic finance will not “close” Libya to foreign investment, saying it will play a big role in the country’s banking sector and economy.
The Libyan Stock Market says it has removed  two companies from the sub-market of the Tripoli bourse.
Third-quarter figures show an increase in both insurance premiums and pay-outs.
Libya’s largest bank posted a profit of LD144.5m ($115.6m) for the first three quarters of the year, a fall of 8% compared to the same period in 2012.
State-controlled National Union Engineering Consultants (NUC) has posted a loss of LD171,109 ($136,887) for January-September, compared with a loss of LD837,086 ($669,669) for the same period last year.
Profits at Wahda Bank, Libya's fourth-largest lender by asset size, fell by around 27% year-on-year between January and September.
Commercial banks in the city have closed for the second day in a row, after gunmen stole $54m (LD68m) from a van heading to the local Central Bank office.
Gunmen have staged an audacious attack on a van carrying $54m (LD68m) in various currencies to the Central Bank office in Sirte.
The Libyan Stock Market (LSM) has decided to delist National Union Engineering Consultants (NUC) from the main market index.
Sahara Bank, Libya's fourth-largest lender by asset size, says its net profits increased by 5% year-on-year in the third quarter.
Recently-published figures suggest that the company's biggest insurance firm experienced a slowdown in revenues during the third quarter of the year.
The privately-owned bank, one of the country's smaller lenders, says its net income rose by 84% year-on-year in the third quarter.
The Libyan Stock Market (LSM) plans to hold its annual general meeting later this month.