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Al-Hibri confirms to our source that the Tripoli Central Bank has nothing to do with the annual report issued by the Benghazi Central Bank and reveals the details

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The Deputy Governor of the Central Bank of Libya, Ali Al-Hibri, said today, Thursday, in an exclusive statement to our source, that the Central Bank of Tripoli has nothing to do with the exceptional annual report for the period of 2015-2020 issued by the Benghazi Central Bank.

Al-Hibri added that the report is a historical document that reflects our view on the duration of the division up to its date, describing the denials issued by the Tripoli Central Bank today as “a fictitious review, as usual, from a big delusion whose name is Al-Kabeer.”

It is noteworthy that the Tripoli Central Bank issued a statement this morning, noting that it had nothing to do with the annual report issued by the Benghazi Central Bank on the 16th of last May, in which it talks about the period from 2015 to 2020.

The Minister of Labor and Rehabilitation holds a meeting with the President of the Libyan Iron and Steel Company

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The Chairman of the Directors Board of the Libyan Iron and Steel Company, Mohammed Abdul-Malik Al-Faqih, held a meeting that he described as “constructive and fruitful” at the Ministry’s headquarters with the Minister of Labor and Rehabilitation in the Government of National Unity, Ali Al-Abed Al-Ridha.

In the presence of the Director of the Labor and Employment Office in Misrata, Bashir Haidar, and the Director of the Office of the Chairman of the Directors Board Ali Mukhtar Al-Ajili, they attended the meeting, which dealt with a number of points, including arranging for the implementation of training courses for the Ministry of Labor and Rehabilitation at the Specific Center for Training in the Iron and Steel Industry, according to the cooperation agreement signed between the two parties last December.

This is in addition to reviewing and easing the procedures related to the work of foreign technical workers, supporting and facilitating the procedures for their use in the company, according to replacement plans that ensure the flow of skills and expertise from foreign elements to national elements.

An international meeting with Egypt, Turkey and Tunisia to resolve the Libyan crisis

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A technical meeting was held yesterday, Tuesday, in Tunis, in an attempt to reach an international agreement to resolve the Libyan crisis.

The meeting witnessed the presence of three Western diplomats who are members of the UN Security Council and have the right of veto, namely France, Britain and the United States of America, along with Italy and Germany, the most two countries involved in the Libyan file, along with Turkey and Egypt, the two main countries that are leading the two opposing fronts in Libya, where Ankara supports the National Unity Government in Tripoli led by Abdul Hamid Dbeibeh, while Cairo supports the head of the National Stability Government, Fathi Bashagha, who was commissioned by the Libyan House of Representatives to form a government last February.

Diplomatic sources in Tunisia said that the participants agreed on the “necessity of negotiation between the two sides and overcoming the crisis between the executive directors.”

Adapted from Nova Agency

Shakshak, addressing Dbeibeh: “Decisions to manage the telecommunications sector revenues are illegal and the government is not allowed to dispose of them outside the framework of the general budget”

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Today, Wednesday, the Undersecretary of the Audit Bureau, Ala El-Din Al-Masallati, confirmed to our source that the President of the Audit Bureau, Khaled Shakshak, addressed the Prime Minister of the National Unity Government, Abdul Hamid Dbeibeh regarding the legitimacy of his disposition of the funds of the telecommunications sector.

In his correspondence with the Prime Minister, Shakshak stressed that the profits of public companies are considered sovereign resources that may not be disposed of, except within the framework of the general budget in accordance with the limitations.

While the head of the Audit Bureau demanded Dbeibeh to follow the correct legal ways to finance its expenses through the budget or additional appropriations or emergency financial arrangements without going beyond them, indicating that the government should adopt rational policies in the management and use of public money that are based on sound sustainable development foundations and to take the path of reform and justice in its actions in a way that contributes to addressing the financial and economic distortions that the country suffers from and which threatens to collapse if it continues in unthoughtful ways to take such decisions.

Once again, Dbeibeh demands the payment of a scholarship to students from the LPTIC Holding account

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The Minister of State to Prime Minister Adel Juma sent a letter to the Telecommunication Holding Company regarding the instructions of the Prime Minister, Dbeibeh, to refer the data of students who are regularly studying at the university, to be able to disburse the grant assigned to them.

During his meeting with the head of the National Oil Corporation, Abu Janah affirms his government’s support for the oil sector and stresses keeping this sector away from political strife

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The Chairman of the Board of Directors of the National Oil Corporation, Mustafa Sanalla, held today, Wednesday, the Deputy Prime Minister of the Government of National Unity, Ramadan Abu Janah, and his accompanying delegation.

The attendees were briefed on the current situation that the oil sector is going through, in addition to discussing its various activities, the challenges it faces, and ways to overcome them.

For his part, the Deputy Prime Minister stressed that the national unity government will provide all necessary support to the oil sector, stressing the need to keep this vital sector away from political strife, as it is the main source of the economy of the Libyan state.

The Finance Committee of the House of Representatives holds a meeting with a number of officials regarding the emergency budget for the National Oil Corporation

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The committee formed by the Council of Ministers to follow up on the extraordinary budget of the National Oil Corporation held its fourth meeting, which was under the chairmanship of the Chairman of the Finance Committee in the House of Representatives, Omar Tantoush.

The meeting was devoted to following up on the implementation of the budget sections, where the Minister of Planning in charge put the attendees in the form of the measures taken by the ministry according to the results of the third meeting of the committee.

The attendees agreed that the Follow-up Committee will continue to perform its duties in coordination with the Finance Committee in the House of Representatives, in order to achieve the goal, which is to reach the required oil production rates.

The meeting was attended by the Chairman of the Finance Committee of the House of Representatives, the Ministers of Planning, of Finance, of Oil and Gas, and of the State for Cabinet Affairs, and representatives of the Central Bank of Libya, the Audit Bureau, and the National Oil Corporation.

According to the Central Bank Report, more than 319 million dinars were spent by the House of Representatives in 2022 until last May

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The Central Bank of Libya issued a monthly report on the total expenditures of public authorities from the beginning of the current year until the end of May for the House of Representatives and its affiliated entities. The House of Representatives reached 84,180 million dinars, the Supreme Judicial Council amounted to 999,99 thousand dinars, the Libyan Ifta’ House amounted to 2,031 million dinars, the Supreme Court reached 9,803 million dinars, the High National Elections Commission reached 4,616 million dinars, the higher authority for the implementation of standards for assuming public positions amounted to 142.14 thousand dinars, the National Planning Council amounted to 1,216 million dinars, the General Culture Council amounted to 1,018 million dinars, the Food and Drug Control Center reached 65,345 million dinars, the Control Authority Administrative amounted to 69.58 million dinars, the Eastern Province Administrative Control Authority reached 13,266 million dinars, the Audit Bureau reached 37.73 million dinars, the Eastern Province Audit Bureau reached 14,166 million dinars and the Constitution Drafting Authority amounted to 4,249 million dinars.

The expenditures of the Libyan Media Center for Studies and Consultations – Cairo (external) were 1,586 million dinars, the Libyan Media Center for Studies and Consultations – Cairo (local) reached 5,350 million dinars, and the National Council for Public Liberties and Human Rights amounted to 3,903 million dinars.

The total expenditures of the House of Representatives and its affiliates amounted to more than 319,179 million dinars from the beginning of the year until the end of last May.

The Minister of Planning and of Finance of the Libyan government discusses the budget proposal and the amendment of the salary law

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The Minister of Planning and of Finance of the Libyan government, Usama Hammad, met with the head of the Monitoring Bodies Follow-up Committee in the House of Representatives, today, Tuesday, in the city of Sirte, in the presence of a number of members of the House of Representatives, the head of the Libyan Audit Bureau, and a member of the Directors  Board of the Central Bank of Libya.

During the meeting, the budget proposal and the salary law amendment were discussed.

The Central Bank reveals a surplus during the first five months of 2022, amounting to 23.5 billion dinars

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The Central Bank of Libya revealed in a statement today, Monday, that it achieved a surplus during the first five months of 2022, amounting to 23.5 billion dinars. It indicated that the total revenues during this period amounted to 54.6 billion dinars, while the total expenditures did not exceed the amount of 31.1 billion dinars.

The Central Bank clarified in its statement that most of the revenues achieved during the five months of this year came from oil revenues, which amounted to 37.4 billion dinars, in addition to taxes on oil companies, which amounted to 4.7 billion dinars this year, and an additional amount of 11.4 billion dinars from previous taxes.

As for the sovereign revenues, they amounted to one billion and 52 million dinars: they were divided between tax revenues of 602 million dinars, 34 million dinars from customs revenues, 146 million dinars from communications revenues and 60 million dinars from the sale of fuel in the local market, in addition to other revenues of 210 million dinars.

As for expenditures, the Central Bank statement revealed that the bulk of spending during the first five months of this year was on salaries, which amounted to 16.4 billion dinars, while the total spending on the support section amounted to 8.6 billion dinars, and an amount of 2 billion was to cover operating expenses and 118 million for development, in addition to the 4 billion dinars for the exceptional budget for the National Oil Corporation.