Skip to main content

Author: LS

The Minister of Economy discusses increasing the strategic stock of bakery flour

Written by LS on . Posted in News. No Comments on The Minister of Economy discusses increasing the strategic stock of bakery flour

The Minister of Economy and Trade, Muhammad al-Huwaij, discussed ways to increase the strategic stock of bakery flour, and followed up the process of distributing flour to bakeries and the progress of production operations in flour companies and factories.

This came during a meeting held by the Minister today, Tuesday, with the General Director of the Economic and Social Development Fund, the General Director of the National Company for Mills and Feed and the directors of the departments of internal trade, studies, economic reforms, inspection, consumer protection and legal affairs in the ministry, in which he reviewed the organization of supply operations for bakery flour and the strategic stock available from them.

Al-Huwaij stressed the need to follow up on the implementation of the flour distribution mechanism, ensure its flow in the local market, and arrest violators in coordination with the Municipal Guard, as it is one of the pillars of food security for the citizen, and raise the level of the strategic stockpile by importing bakery flour shipments and distributing it in all regions.

The Public Prosecutor orders the imprisonment of the Undersecretary of the Ministry of Housing and a number of the Ministry’s employees for perpetrating the process of facilitating the theft of 1.8 million dinars, using forged documents and money laundering

Written by LS on . Posted in News. No Comments on The Public Prosecutor orders the imprisonment of the Undersecretary of the Ministry of Housing and a number of the Ministry’s employees for perpetrating the process of facilitating the theft of 1.8 million dinars, using forged documents and money laundering

The Public Prosecutor Siddiq Al-Sour issued his instructions to initiate the investigation directly into the facts contained in the report of the General Director of the Public Services Company – Al-Jabal Al-Akhdar – towards the Palestinian expatriate KH. M.

The Public Prosecutor took over the investigation procedures regarding the incident of facilitating the commission of the crime of seizing a sum of one million eight hundred thousand dinars after depositing it in a bank account managed by the expatriate accused; It resulted in proving the fact that a group of Ministry of Housing and Construction employees engaged in a positive activity that enabled the expatriate accused to seize the amount of money covered by the protection; In return for this abuse, they obtained a part of the money after disguising its source and the rights related to it.

The Public Prosecutor’s Office stated that, while the investigator was emptied of conducting an interrogation of the Undersecretary of the Housing and Construction Ministry in the Government of National Accord, the Director of Administration and Finance Department and the financial controller, the Director of the Internal Audit Department at the Ministry ended up being held in pretrial detention for the crimes of embezzlement of public money, money laundering, abuse of position for the purpose of achieving material benefit, the use of forged official documents for the purpose of covering the documentary cycle and bank account management.

The Higher Committee and the Public Tender Practice Committee met to discuss covering the Libyan state’s needs for specialized medicines

Written by LS on . Posted in News. No Comments on The Higher Committee and the Public Tender Practice Committee met to discuss covering the Libyan state’s needs for specialized medicines

The Minister of Health in charge Ramadan Abu Janah held an extensive meeting with the heads and members of the Higher Committee and the Public Tender Practice Committee, to discuss the problems and obstacles that hinder the resumption of bid n° 1/19.

During the meeting, the Supreme Committee and the Practice Committee reviewed the problems and obstacles that prevented it from completing its tasks, in addition to that, the general tender will cover the needs of the Libyan state for specialized medicines, general medicines, medical supplies, laboratory supplies and operators, radiology supplies, dental supplies and orthopedic supplies, which will end the problem of drug shortages in All hospitals, specialized and public health centers.

Abu Janah stressed that the Ministry of Health will support the state’s public giving committees to be able to complete the tasks entrusted to them, as soon as possible, to solve the problem of shortage of medical supply items and to cover the needs of the health sector, by providing a headquarters for them, and supporting them with electronic systems.

Al-Raeid affirms his full support for all available opportunities to enhance economic cooperation between Libya and Palestine

Written by LS on . Posted in News. No Comments on Al-Raeid affirms his full support for all available opportunities to enhance economic cooperation between Libya and Palestine

The President of the General Federation of Chambers of Commerce, Industry and Agriculture, Muhammed Al-Raeid, accompanied by a member of the Federation’s Directors Board, at the Federation’s headquarters in the capital, Tripoli, received the Ambassador of the State of Palestine in Libya, yesterday morning.

Several topics were discussed in this meeting, most notably cooperation in the economic, technical and cultural fields, and the opening of a field for expanding relations and exchanging experiences between businessmen in Libya and the State of Palestine.

Al-Raeid assured the Ambassador of Palestine of his full support for all available opportunities to enhance economic, technical and cultural cooperation between the two countries.

The Investment and Privatization Authority discusses ways to determine the conditions of economic units

Written by LS on . Posted in News. No Comments on The Investment and Privatization Authority discusses ways to determine the conditions of economic units

The General Authority for Investment Promotion and Privatization Affairs held a meeting today, Monday with the committee charged with studying the administrative, technical, financial and legal conditions of the economic units under the authority’s supervision.

During the meeting, a proposal was discussed, studied and prepared for the economic units under the supervision of the authority, which were previously targeted for ownership, as well as a proposal for the economic units owned and which did not complete the payment of ownership installments.

It was discussed how to directly assess the administrative, technical, financial and legal conditions of economic units for which no recent data are available at the Public Authority for Investment Promotion and Privatization Affairs.

A meeting to follow up on the procedures for the reunification of the Central Bank of Libya

Written by LS on . Posted in News. No Comments on A meeting to follow up on the procedures for the reunification of the Central Bank of Libya

Today, Monday, the Governor of the Central Bank of Libya, Siddiq Al-Kabeer, held a meeting, accompanied by his deputy, Ali Al-Hibri, in the presence of the Central Bank Reunification Project Management Office, consisting of project managers and experts from Deloitte, the leading professional services company.

The meeting dealt with discussing and following up on the progress of the procedures for the reunification of the Central Bank of Libya.

Al-Mashri: « The proposed government project is equivalent to bringing the aggressors into Tripoli through the window after they failed to enter it by force »

Written by LS on . Posted in News. No Comments on Al-Mashri: « The proposed government project is equivalent to bringing the aggressors into Tripoli through the window after they failed to enter it by force »

The head of the Supreme Council of State, Khaled Al-Mashri, said today, Monday, that the proposed government project headed by Fathi Bashagha is equivalent to entering the aggressors on the capital, Tripoli, through the window, after they failed to enter it by force.

Al-Mashri addressed Bashagha, saying: « I wish my brother and friend Fathi Bashagha, who played the most prominent role in defending the capital, pay close attention to this matter ». The head of the Supreme Council of State stressed that the council’s vision is to adopt a constitutional rule and consensual electoral laws, and to go to elections in a specific and quick period of time.

Sanalla: « We are in need of funding to achieve our goals and to reach Libya’s oil production of 2.1 million barrels per day »

Written by LS on . Posted in News. No Comments on Sanalla: « We are in need of funding to achieve our goals and to reach Libya’s oil production of 2.1 million barrels per day »

The Chairman of the Directors Board of the National Oil Corporation, Mustafa Sanalla, said that the Libyan oil sector is in need of budgets and funding to achieve the corporation’s strategic goals and to reach Libyan oil production rates to 2.1 million barrels per day.

Sanalla explained that the National Oil Corporation has strategic plans that it seeks to implement and achieve its short-term goals to reach production rates of about 1.4 million barrels per day, and medium-term goals with production rates of 2.1 million barrels per day.

He added that the Corporation is in dire need of the necessary funding to be able to move forward with the implementation of these strategic plans, fulfill its contractual obligations, pay off the accumulated debts that have burdened it, advance the national economy and advance the country’s development.

The Central Bank of Benghazi discusses with the Bank of Commerce and Development the final accounts for the fiscal year 2021

Written by LS on . Posted in News. No Comments on The Central Bank of Benghazi discusses with the Bank of Commerce and Development the final accounts for the fiscal year 2021

Today, Sunday, the Banking Supervision Department of the Central Bank of Libya, Benghazi, discussed with the Bank of Commerce and Development, the final accounts for the fiscal year ending 2021, in the presence of the General Director, directors of departments and units, and external auditors at the Bank of Commerce and Development, with the Director of the Banking Supervision Department, heads of departments, inspectors and supervisors of the banking administration.

The meeting dealt with the balance sheet for the year ending in 2021, and the proposal to distribute profits at the headquarters of the Banking Supervision Department in Benghazi, in addition to discussing the practical framework prepared for examining some selected items of a nature related to the financial statements and examining the work of the Directors Board in accordance with the governance guide of the Bank of Commerce and Development.

For his part, the Director of the Banking Supervision Department at the Central Bank of Libya in Benghazi, Ousama Al-Shukri, confirmed that the Banking Supervision Department demanded the bank to expedite the activation of internal control systems to reduce the risks that the bank may be exposed to. This is to increase the bank’s ability to pay its obligations and face losses that may occur in the future to protect depositors’ funds and the rights of shareholders and those who deal with them, as it constitutes a defensive and preventive line from risks, especially in light of the unstable economic conditions and the adjustment of the exchange rate.

Al-Shukri said that he urgently demanded the necessity for the bank to settle its local and external comments, taking into account the operational risks and the truth and fairness of the figures that express the integrity of the financial position items, adding that the bank still needs more scrutiny and correction in the classification of debts and evaluation of guarantees to form corresponding provisions, which are more accurate in the future.

Al-Manqoush summons the Egyptian Chargé d’Affairs about what was circulated on one of the Egyptian channels, and the Egyptian Ministry of Foreign Affairs responds

Written by LS on . Posted in News. No Comments on Al-Manqoush summons the Egyptian Chargé d’Affairs about what was circulated on one of the Egyptian channels, and the Egyptian Ministry of Foreign Affairs responds

Today, Sunday, the Minister of Foreign Affairs and International Cooperation, Najla Al-Manqoush, summoned the Chargé d’Affairs of the Egyptian Embassy, ​​Tamer Mustafa, about what was circulated in an Egyptian program regarding the disregard for Libyan sovereignty and the government of national unity, and the comparison of what is happening between Ukraine and Russia to the relationship between Egypt and Libya.

Al-Manqoush confirmed that the historical relationship between Libya and Egypt is greater and deeper than any political orientations or polarizations.

The official spokesman for the Egyptian Foreign Ministry, Ahmed Hafedh, refused to comment on the Libyan Foreign Ministry statement, stressing that all Egyptian and foreign media, newspapers and channels operate in Egypt with complete freedom and that they express their point of view on various issues, and that the official position of the Egyptian state is expressed through statements. issued by the Egyptian government.

He added that Egypt’s relationship with the State of Libya over the past years has always been characterized by its keenness to preserve Libya’s sovereignty and territorial integrity and to meet the will of its people without external interference in connection with the brotherhood and historical relationship that binds the peoples of the two countries, stressing the need to focus efforts in order to strengthen and consolidate these principles, through official channels and communications that bring Egypt together with all the Libyan political spectrum.