The Sahara Insurance company recorded a net profit of LD605,000 ($476,000) in the second quarter of 2012.

The Libyan Stock Market (LSM) which manages and regulates the country's bourse, says it made a net profit of LD1.8m ($1.4m) in the second quarter of 2012.

United Insurance, which is listed on the Libya Stock Market (LSM), held its annual general meeting in late June and approved a dividend to shareholders.

The Libyan Stock Market (LSM) regulator has named the three companies who have best complied with disclosure requirements in the second quarter of 2012.

The state-controlled National Union Engineering Consultants, which is listed on Libya's stock market, held assets of LD10.6m ($8.3m) at the end of the first quarter but recorded a sizable loss.

State-controlled Gumhouria Bank, Libya's largest lender by asset size, made a net profit of LD95.3m ($75m) in April-June 2012, with total assets up slightly on the previous quarter.

The Ministry of Economy has published a new decision setting out regulations governing Islamic insurance, or takaful.

The Central Bank of Libya (CBL) says it is preparing to implement a new electronic clearing system for local transactions between Libyan banks.

Interim finance minister Hassan Ziglam has said that Libya will not incur a budget deficit in 2012 as it is unlikely to use its full capital expenditure budget.

Libya’s banking sector recorded growth in assets and deposits in the first quarter of 2012 as the economy continued to recover from the 2011 conflict, but the level of doubtful loans also rose.

A court in Italy has reportedly unfrozen Libya's stake in energy company Eni, which was seized during last year's uprising.

The Vice-Governor of the Central Bank of Libya (CBL) says that Libya wants to gain board representation in Italy's largest lender, in which the Libyan government owns a 4.3% stake.

Libya's interim government has issued a decision confirming that Aman Bank is no longer subject to the state guardianship imposed under Law 36, which was passed earlier this year.

Libya's state-owned National Investment Company (NIC), which is to be listed on the Tripoli bourse, has agreed with the capital markets regulator to repay funds owed to employees in the form of shares.

The Central Bank of Libya (CBL) says that the first meeting of the national anti-money laundering commitee was held on 27 June.