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Finance Ministry reveals a surplus achieved during the first half of this year, with a value exceeding 20 billion dinars

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The Ministry of Finance of the National Unity Government revealed a surplus achieved during the first half of this year, with a value of more than 20 billion dinars, indicating that the total oil and sovereign revenues during this period amounted to 56.5 billion dinars, while expenditures amounted to about 36.3 billion dinars.

The ministry stated in a statement today, Tuesday, that the total public financial resources of the state during the first half of the current year 2022 amounted to 56 billion and 546 million dinars, most of which came from oil revenues, which, despite the closure of oil fields since last April, exceeded 54.5 billion dinars, or more than 96% of the total revenues, while sovereign revenues amounted to one billion and 170 million dinars, in addition to the presence of remaining balances from previous years worth 812 million dinars.

As for government spending, according to the ministry’s statement, it amounted to about 36.3 billion dinars, of which the salary section was 55%, which is a value of more than 20.2 billion, while support expenditures amounted to 12.7 billion dinars, and administrative expenses exceeded three billion dinars, in addition to 118 million dinars for development.

Jumhouria Bank assures our source of the availability of liquidity in all its branches

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The Director of the Information Office at Jumhouria Bank, Mohamed Saeed, confirmed in a statement to our source today, Tuesday, that the cash flow in all branches of the bank in various cities and regions of the country.

Mohammed Saeed added that the working hours in the bank’s branches during these days leading up to Eid Al-Adha are from 9:30 am to 3:30 pm, pointing out that there is no reason for crowding in front of the bank and its branches.

The Director of the Information Office at Jumhouria Bank indicated the possibility of withdrawing from all ATMs affiliated with the bank, with a withdrawal ceiling of 400 dinars per day, 1200 dinars per week and 2,000 per month.

Dbeibeh: “We will only hand over power to a government elected by the Libyan people”

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Today, Monday, the Prime Minister of the National Unity Government, Abdul Hamid Dbeibeh, affirmed his rejection of the extension, calling on the Libyan people to demonstrate and express their demands.

Dbeibeh, during the 9th regular cabinet meeting, expressed his total rejection of any attempt to share power among all parties and deprive Libyans of elections, indicating that he will stand with the Libyan people in determining their fate without any restrictions.

ABC Bank receives two major titles at the MENA Banking Excellence Awards

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ABC Bank, whose Board of Directors is chaired by Seddiq Al-Kabeer, announced that the Bank has won two major titles in the Banking Excellence Awards in the Middle East and North Africa 2022, organized by MEED (Middle East Economic Digest).

The Bank was awarded “Best Digital Banking Initiative” in recognition of the group’s ambitious digital transformation program, and was also named “Best Islamic Finance Bank in the Middle East and North Africa” for its outstanding performance and remarkable regional expansion.

Libyan Islamic Bank announces the disbursement of the supplements for the children’s grant

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Libyan Islamic Bank announced the disbursement of the supplements of the children’s grant to customers who transferred their data to the bank, as follows: Supplement for 2020 for the months: July-August-September-October-November-December, supplement for 2021 for the months from January to December, and the supplement for 2022 for the months: January – February – March.

Finance Ministry condemns the riots, destruction and burning of the Sebha Financial Services Control Building

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The Ministry of Finance of the National Unity Government has followed up on the riots, destruction and burning of the Sebha Financial Services Control Building, which negatively affects the timely payment of salaries of entities funded by the state’s public treasury and the provision of services to citizens in the region.

The Ministry also strongly condemns these acts contrary to the law, and calls on the concerned authorities in the Libyan state to hold the perpetrators accountable in accordance with the provisions of the legislation in force.

The Ministry of Finance affirms the right to demonstrate and protest peacefully in accordance with the legally defined context, taking into account the sanctity of the property and capabilities of the Libyan state as the property of all citizens.

The Governor of the Central Bank of Libya held an important meeting with his counterpart in England

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The Governor of the Central Bank of Libya, Seddiq Al-Kabeer, held a meeting with the Governor of the Bank of England, Andrew Bailey, the Governor of the Bank of England, at his office in the British capital, London, yesterday, Friday, to discuss the plan of the Central Bank of Libya to achieve the highest levels of disclosure and transparency, the developments of the project to unify the Central Bank of Libya, and ways and areas of cooperation between the two central banks.

The Governor of the Bank of England also praised the effective role played by the Central Bank of Libya and its Governor in maintaining the financial sustainability of the country amidst the difficult circumstances the country is going through.

This comes in light of the international community’s support for efforts aimed at unifying the Central Bank and achieving this entitlement.

Bashagha: “The stability of oil is necessary for the Libyans to enjoy a better life, and the expired government is the reason why the NOC declared a state of force majeure”

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The Head of the Libyan Government of the House of Representatives, Fathi Bashagha,  included a statement on social media, in which he said: “As I indicated in the Roadmap to Recovery, the stability of oil production is necessary for all Libyans to enjoy a better life, and for planning towards elections, because financial stability is an important part also.”

He added: “The budget of the Libyan government, which was approved by the House of Representatives, aims to develop the oil sector and support the National Oil Corporation, in addition to setting controls to ensure that funds are spent transparently and thus limit corruption.”

He also continued: “The expired prime minister and others are acting in their personal interest and they are the reason for the National Oil Corporation’s announcement of force majeure. I affirm my support for the National Oil Corporation and call for the financing of my government’s approved budget without delay so that we can move Libya forward.”

Al-Taraban confirms the beginning of the mobilization for the protest of July 1st

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The spokesman for Beltress Movement, Omar Al-Taraban, confirmed the start of the mobilization in the square of the Grand Hotel and many other Libyan cities. The protest will begin, towards Martyrs Square at 5:30pm.

Al-Taraban indicated that the protest was secured by the Tripoli Security Directorate after an official request from the movement.

Beltress demands are to expedite the presidential and parliamentary elections, to authorize the Presidential Council to dissolve all political bodies, declare a state of emergency and solve the electricity crisis, to clarify the facts to the people, to cancel the proposed decision to lift fuel subsidies, to modify the size and price of the loaf of bread and to make all foreign forces and mercenaries exit East, West and South home.

The Public Prosecution orders the imprisonment of two members of the Directors Board of the Highway Services Company for Oil Services

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The Public Prosecution ordered the detention of two members of the Board of Directors of the Highway Services Company for Oil Services in pretrial detention, pending investigation in the case of supplying fuel to fuel stations that stopped working.

The Attorney General’s Office indicated today, Thursday, that the Public Prosecution, in implementation of the directives of the Attorney General, has begun investigation procedures into the facts included in the communication submitted by the Internal Security Agency in the face of people who deliberately supplied some fuel marketing stations contracted with the company, knowing that the owners of distribution points do not practice the profession. They dispose of the quantities of fuel delivered to them by selling them at other stations in a manner that delivers the fuel quotas to the smugglers.

He added that the Public Prosecutor took over the investigation procedures and began proving the elements of the defendants’ contribution to enabling others to obtain illegal material benefits and determining the amount of damage that had befallen public money and the public interest as a result of the behavior attributed to them. After interrogating the accused, the investigator ended up ordering their pretrial detention, pending investigation.