Libya Tech Forum 2025 launches in Istanbul
The forum gathered a select group of experts and professionals specializing in banking technology and digital transformation.
The three-day event features a comprehensive program of presentations, panel discussions, and workshops aimed at enhancing the security of banking and government systems and advancing the digital infrastructure of Libyan institutions.
In the opening session, participants stressed the importance of investing in modern technologies and developing specialized national expertise capable of protecting digital systems and accelerating the country's digital transformation. Tech Tagged: Libya Tech Forum
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Libya Observer
14 hours ago
- Libya Observer
Libya, Turkey strengthen oversight cooperation, agree on roadmap to activate 2020 partnership
The head of the Audit Bureau, Khaled Shakshak, has held high-level discussions with the Turkish Court of Accounts aimed at strengthening bilateral cooperation and activating the partnership agreement signed between the two sides in 2020. This came during an official visit to Ankara, during which talks focused on a range of technical topics, including the exchange of expertise and experiences to improve oversight methods, enhance transparency, and reinforce accountability. Shakshak and his Turkish counterparts also reviewed advanced auditing and monitoring technologies used by the Turkish Court of Accounts, as well as best practices in regulatory work, IT governance, and digital transformation of oversight systems. The two sides agreed to develop a joint roadmap outlining executive programs for technical cooperation, focusing on capacity building and knowledge sharing between the institutions, with the goal of improving audit efficiency and advancing principles of good governance. In addition to his meeting with the Turkish Court of Accounts, Shakshak met with Turkey's Minister of Foreign Affairs, the Deputy Minister of Economy and Trade, and several senior officials. These meetings reaffirmed the strength of Libyan-Turkish relations and highlighted the important role oversight bodies play in supporting development efforts and enhancing economic cooperation.
Libya Observer
3 days ago
- Libya Observer
Between Cards and Credits: The Road Is Still Long!!
By Al-Mihdi Hindi, a political activist Libya continues to face numerous economic challenges, especially in the wake of the political and economic crises that have undermined its influence and stability. One of the most pressing issues is the elimination of fraudulent letters of credit and the misuse of personal-purpose bank cards, both of which pose serious threats by driving up the dollar exchange rate and fueling speculation. Additionally, the presence of two competing governments has led to massive public spending, further straining the value of the Libyan dinar. Letters of credit are financial instruments used to facilitate international trade. However, in the Libyan context—marked by opportunism and a disregard for public funds—these instruments have been manipulated into powerful tools of corruption. Instead of supporting trade, they have been exploited to weaken the economy and funnel money into the hands of powerful groups, whether they hold power through force or wealth. These "barons" have relied on forged documents and legal loopholes in the banking system to profit illegally. On another front, the buying and selling of personal-use bank cards by small and mid-level 'traders' has contributed to increased demand for dollars, thereby fueling the black market and placing more pressure on the Central Bank and the country's foreign currency reserves. These activities have given rise to a parallel market, dominated by a few "fat whales" and enabled by a school of "small fish" striving to secure a better future for themselves and their families through both legal and illegal trade. The recent measures taken by the Central Bank of Libya—such as tightening oversight mechanisms on banks and publishing detailed lists of companies that received letters of credit—are a good step toward promoting transparency and accountability in the banking sector. However, these efforts remain insufficient unless all legal loopholes are closed, punitive actions are taken against complicit banks, and the gap between the official and parallel markets is effectively narrowed. That remains the long road ahead, and we hope to see results as soon as possible. Disclaimer: The views and opinions expressed in this article are those of the writer, and do not necessarily reflect those of the Libya Observer
Libya Observer
4 days ago
- Libya Observer
Libya competes in IOI 2025 in Bolivia
Libya is participating in the 2025 International Olympiad in Informatics (IOI), which kicked off on Monday in Sucre, Bolivia, with more than 90 countries from around the world taking part. The Libyan delegation's participation is supported by the Libyan Academy for Communications and Informatics, in collaboration with the Ministry of Education. Representing Libya at this prestigious global event are students Mousa Abubakr and Al-Baraa Abdeljaleel, who secured first and second place respectively in last month's national informatics competition, organized by the Scientific Committee of the Libyan Olympiad in Informatics. The team is led by Safwan Bouneh, a member of the Scientific Committee. Tech Tagged: International Olympiad in Informatics
