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Dbeibeh discusses with Al-Kabeer and Sanalla and a number of ministers the development plan of the National Oil Corporation

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The Prime Minister of the of National Unity Government, Abdul Hamid Dbeibeh, met today, Tuesday, with the Chairman of the Directors Board of the National Oil Corporation, Mustafa Sanalla, the Governor of the Central Bank of Libya, Seddik Al-Kabeer and a number of ministers, and discussed the development plan of the National Oil Corporation for the year of 2022.

The meeting, which was held at the headquarters of the Cabinet in Tripoli and attended by the Ministers of Finance, of Planning and of State for Cabinet Affairs, the Governor’s Advisor and Director of the Budget Department at the Ministry of Finance, was devoted to following up on the development plan of the institution, which aims to increase daily production and determine the obligations of the institution over the past years.

Deibeh stressed the importance of supporting National Oil Corporation by adopting the annual discretionary plan and providing the necessary financial resources for it, while Al-Kabeer indicated that interest in Libyan oil production has become an urgent necessity, expressing the readiness of the Central Bank to provide all necessary facilities to support the National Oil Corporation.

Al Kabeer holds consultations regarding partnership with the International Monetary Fund

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The Governor of the Central Bank of Libya, Seddiq Al-Kabeer, discussed with an official at the International Monetary Fund the work and partnership between the Central Bank and the International Fund to advance monetary and financial policies in Libya and ensure adherence to best practices and international standards in central banks.

During the meeting which was held today, Tuesday, via video technology, the two sides emphasized strengthening communication efforts and supporting the fund team to open discussions with other state institutions to assess some financial and trade policies and the economic situation in general.

According to the Media Office of the Central Bank of Libya, the International Monetary Fund experts commended the pivotal role played by the Central Bank in maintaining financial and monetary stability and financial sustainability over the past years.

Al-Raeid declares about a memorandum of understanding at the headquarters of the Libyan embassy in Bulgaria and these are its details

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The Chairman of the Directors Board of the General Federation of Chambers of Commerce, Industry and Agriculture, Mohamed Al-Raeid, told that the memorandum of understanding issued today Monday, at the headquarters of the Libyan embassy in Bulgaria calls for cooperation and facilitating procedures for the movement of individuals and goods between the two countries, as well as organizing delegations, facilitating visas and promoting the products of companies in the two countries. 

Al-Raeid confirmed that it was agreed to establish a joint Libyan-Bulgarian chamber to sponsor and follow up cooperation on outstanding issues, facilitate solutions to them, and focus on training in the field of health and tourism, and that this memorandum will start implementation starting from the date of its signing.

The liquidity team reveals the delivery of Sebha issuance department to the commercial branches of 54 million with an explanation of its distributions

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The liquidity team of the Central Bank of Libya revealed that the issuance department of the Bank of Libya, Sebha, delivered a shipment of liquidity to the branches of the National Commercial Bank, worth 54 million dinars, as part of the Central Bank of Libya’s plan to provide liquidity in all branches of commercial banks.

25 million have been allocated to Sebha branch, 13 million to Brak branch, 6 million to Al-Garda branch, 6 million to Sebha University Agency branch, and 4 million to Adiri branch. 

The liquidity project team at the Central Bank of Libya confirms that it will continue to provide liquidity shipments on a daily and regular basis to all bank branches.

Husni Bey: « It is necessary to give cash support to every family to face the crisis of high prices, otherwise it is a legitimized theft »

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The Libyan businessman Hosni Bey said today Monday, that cash support should be given to every family to face the crisis of high prices of basic materials, stressing that any solution other than this can’t be but a legitimate theft.

Husni Bey explained that the prices of basic materials such as flour, oil, rice, pasta, sugar, eggs, tea and coffee increased by 100%, and that the food basket for the family increased by 155 dinars per month in 2022 compared to 2019, stressing that the treatment of the crisis lies in granting support cash for families, otherwise it is a legitimized theft.

Dbeibeh instructed the necessity of coordination between the ministries of finance, of planning and of oil to support the National Oil Corporation

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The Prime Minister of the Government of National Unity, Abdul Hamid Dbeibeh held a meeting today Monday, with the Ministers of Finance, of State for Cabinet Affairs, the Chairman of National Oil Corporation, the directors of the Treasury and of Budget Departments at the Ministry of Finance, and the Chairman of the Public-Private Partnership Committee.

This meeting was devoted to develop solutions and remedies to problems facing productivity and human resource development.

For his part, the head of the Corporation explained that there are difficulties facing the Corporation in performing its tasks, including supporting workers in the oil fields, and adopting the proposed estimated plan for 2022, through which we can increase production capacity.

Dbeibeh instructed the necessity of coordination between the ministries of finance, of planning and of oil and gas in order to support National Oil Corporation.

The Prime Minister of the National Unity Government participates in the opening of “The Urban 2022” expo

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The Prime Minister of the Government of National Unity, Abdul Hamid Dbeibeh participated today Sunday in the opening of The Urban Expo and Forum, which was held at the February 17 Hall in the Sports City, Tripoli with the presence of a number of ministers.

In his opening speech, Dbeibeh stressed the importance of the urbanization sector and the need to intensify the efforts of the public and private sectors to push the wheel of development, calling on Libyan companies and real estate developers to contribute to solving the housing problem.

The Minister of Social Affairs holds a meeting to follow up on the disbursement of rent allowance amounts to displaced families

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The Minister of Social Affairs in the National Unity Government, Wafa Al-Kilani, followed up with the Undersecretary, Farah Mujahid, and the Director of the Aid and Humanitarian Affairs Department, the latest developments in the process of disbursing the value of the rent allowance allocated to displaced families from some areas.

Al-Kilani said that she reassures everyone that the government has decided to pay a rent allowance to the displaced families from the southern and eastern regions, and allocated sums of money to them, depositing them in the ministry’s account.

The Central Bank confirms the transfer of the financial statements of 2021 to the Audit Bureau

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The Accounts Department of the Central Bank of Libya referred the financial statements of 2021 to the Audit Bureau today Sunday, including the notes supplementing the financial statements of the year 2021, for the purpose of review and audit.

The Central Bank added, during a statement published on its official page on Facebook, that the transfer of accounts came in compliance with the provisions of Law “1” of 2005 regarding banks and its amendments, and in compliance with the principle of transparency and disclosure.

The Libyan Investment Authority submits a complaint to the Security Council against the actions of the Belgian authorities

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The Security Council affirmed its consideration of a grievance submitted by the Libyan Investment Authority against the Belgian authorities’ attempts to involve it in criminal cases that are not related to it, and the purpose of it is to use the authority’s funds to pay off debts and obligations of the Libyan state in favor of a company headed by Laurent, the brother of the Belgian King.

Libya’s permanent representative to the United Nations, Taher Al-Sunni, earlier accused Belgium of trying to rob the frozen Libyan funds, by exploiting their preoccupation with reuniting them and arranging for a new stage.

It is noteworthy that the Belgian public prosecutor is still exerting pressure against the head of the Libyan Investment Authority by issuing an arrest warrant against Ali Mahmoud in an attempt to compensate the Belgian prince.