Banking & Finance

15-04-2014
Managers at the bank’s branches in eastern Libya say they are suspending work until four employees, kidnapped over a month ago, are released.
15-04-2014
The Middle East Insurance Company has been added to the junior index of the Libyan Stock Market (LSM), which now contains some 64 companies.
11-04-2014
The Central Bank of Libya (CBL) says it has issued fines of LD100,000 ($80,000) for failing to adhere to regulations.
07-04-2014
Quoted in a local newspaper, the chairman of the Libyan Investment Authority says the fund made a profit of at least $1.9bn (LD2.4bn) last year.
07-04-2014
The Libyan Stock Market (LSM) has delisted two firms from its secondary index.
02-04-2014
Staff at Gumhouria Bank branches throughout the country are on strike, after an employee working in the Sebha branch was killed.
02-04-2014
The Libyan Investment Authority claims France's Société Générale paid bribes to a Panamanian company while securing a multi-billion dollar investment deal in 2007.
31-03-2014
A delivery of LD5m ($4m) has been made to the Gumhouria Bank branch in Sirte, which has been experiencing cash shortages since late last year.
27-03-2014
Morocco’s Banque Marocaine du Commerce Extérieur (BMCE) says it plans to open offices in both Tripoli and Benghazi as part of a wider expansion plan in Africa.
25-03-2014
The Ubari branch of the North Africa Bank has closed after its manager, Mohammed Athim, was kidnapped.
25-03-2014
A van carrying LD750,000 ($600,000) from Libyana’s Derna office to a Gumhouria Bank branch was reportedly attacked by armed men.
19-03-2014
Och-Ziff says that a US goverment enquiry into its dealings with the Libyan Investment Authority (LIA) at the peak of the global financial crisis may affect its results.
18-03-2014
Workers at the bank’s Tripoli offices staged a demonstration after three of their co-workers were attacked and killed whilst making a cash delivery to Derna.
14-03-2014
Two Central Bank of Libya (CBL) employees have been released after being abducted following a cash delivery to banks in Ghariyan.
13-03-2014
A recent government report estimates that the total value of Libya's foreign assets, inculding deposits, bonds and investments, was LD256bn ($202bn) at the end of September 2013.