Skip to main content

Author: LS

The scandals of the British prince in Libya and secret meetings related to Gaddafi

Written by LS on . Posted in News. No Comments on The scandals of the British prince in Libya and secret meetings related to Gaddafi

Prince Andrew, the Duke of York and the second son of the Queen of Britain, who was involved in scandals with the regime of Muammar Gaddafi, is subject to scrutiny, especially his legacy, which is still ambiguous, as he held three meetings with Gaddafi and enjoyed a long-term friendship.

Royal finance expert David McClure said Andrew’s private fortune remains a mystery 15 to 20 years after he was asked questions about his lifestyle and it’s clear he’s been taking money elsewhere for decades. McClure noted that Andrew has served as a “key” to foreign banks in a number of countries around the world for years.

He visited a number of countries, including Libya, and in 2005 he became acquainted for the first time with arms smuggler Tarek Kaituni. Kaituni spent several years in pretrial detention in a Paris prison for weapons smuggling before being given a two-month suspended prison sentence and a 10,000 dollars fine a year later. Andrew spent a four-day vacation in Tunisia with Kaitouni in November 2008, shortly before Colonel Gaddafi’s visit in Tripoli.

Before Andrew lost his commercial role, Kaitouni was invited to Princess Beatrice’s 21st birthday party in Spain in August 2009, where he presented her with a £18,000 diamond necklace. Andrew’s relations with Libya are also deepening, and in July 2007 he attended a lavish party hosted by an unnamed Libyan businessman in the French resort of Saint Tropez, where he was photographed with American businessman Chris von Aspen.

He received Saif Gaddafi in Tunisia in the summer of 2008 at the invitation of the son-in-law of former Tunisian President Sakhr El Materi, who fled to the Seychelles after the Tunisian revolution and was later convicted of corruption in absentia by a court in his country. The Duke of York returned to Libya in early 2009, while a Buckingham Palace spokesman said at the time that Andrew was there to advance British interests, but he faced criticism due to his proximity to the Gaddafi family and arms dealers.

Adapted from The Sun Newspaper

The Higher Committee of Libya Trade Network discusses the programs and projects targeted to be implemented during the period of 2022-2024

Written by LS on . Posted in News. No Comments on The Higher Committee of Libya Trade Network discusses the programs and projects targeted to be implemented during the period of 2022-2024

The Higher Committee of Libya Trade Network met under the chairmanship of the Minister of Economy and Trade Mohamed Al-Huwaij, in the presence of the Chairman of the Directors Board of the General Post, Telecommunications and Information Technology Holding Company, the Chairman of the Directors Board of the General Federation of Chambers of Commerce, Industry and Agriculture, the Ministry of Planning, the Central Bank of Libya and the Customs Authority.

The draft Libya Trade Network Action Plan for the period of 2022-2024 was also reviewed with a visual presentation that includes the programs and projects targeted to be implemented during the period. The committee also discussed Cabinet Decree No. 681 of 2021 regarding the reorganization of the Libya Trade Network and the procedures to be adopted within the framework of implementing the decision.

A central bank official confirms to our source of transferring January salaries to commercial banks

Written by LS on . Posted in News. No Comments on A central bank official confirms to our source of transferring January salaries to commercial banks

An official source at the Central Bank of Libya confirmed to our source today, Wednesday, that the salaries for the month of January for this year were transferred to commercial banks yesterday.

On the fourteenth of February, the Ministry of Finance of the Government of National Unity referred the January salaries to the Central Bank of Libya to complete the followed procedures.

The Minister of Youth reveals the beneficiaries of the loans through the new digital platform

Written by LS on . Posted in News. No Comments on The Minister of Youth reveals the beneficiaries of the loans through the new digital platform

The Minister of Youth, Fathallah Al-Zina, stated exclusively to our source that a elctronic platform will be launched on February 27, in order to facilitate and digitalize submitting applications concerning loans, as housing loans for example. It is in its last stages to be launched, where the technical teams are making their efforts to make it easy and flexible for all applicants.

He stated that applications will be constrained by the limits specified by the Real Estate Savings Bank, where the applicants files will be examined and sorted basing on the most needy persons.

The Minister added that this platform comes as a solution to face nepotism and favoritism. He said that « the National Unity Government is at the service of all people of all different classes ».

The Central Bank publishes a list of the foreign exchange amounts sold to commercial banks

Written by LS on . Posted in News. No Comments on The Central Bank publishes a list of the foreign exchange amounts sold to commercial banks

Today, Tuesday, the Central Bank of Libya published a statement of the total foreign exchange amounts sold to commercial banks during the month of January only, which amounted to more than one billion and 195 million dollars.

Jumhouria Bank topped the banks in the total foreign exchange sold, with a value of more than 205 million dollars, Yaqeen Bank led the banks in credits, with a value exceeding 126 million dollars, and Aman Bank was the best-selling dollar for personal purposes, with a value of more than 128 million dollars.

According to the Central Bank’s disclosure, the total appropriations during the month of January amounted to about 791 million dollars, the biggest share of which was to Yaqeen Bank with a value of more than 126 million dollars, Jumhouria Bank with more than 104 million dollars, and Nuran Bank with 89 million dollars, while the total foreign exchange sales for personal purposes It amounted to $395 million, of which nearly a third was for Aman Bank with a value of $128 million, followed by Jumhouria Bank with $100 million, then the National Commercial Bank with a value of more than 54 million dollars.

The Central Bank of Libya indicated that the total value of remittances carried out by commercial banks during the month of January amounted to about 10 million dollars, of which nearly four million dollars were implemented by North Africa Bank, 2.6 million dinars were carried out by Libyan Foreign Bank, and more than two million dollars were implemented through Libyan Islamic Bank.

National Oil Corporation announces the suspension of the country’s oil exports due to bad weather

Written by LS on . Posted in News. No Comments on National Oil Corporation announces the suspension of the country’s oil exports due to bad weather

The Media Office of National Oil Corporation said today, Wednesday, that the oil ports along the Libyan coast are witnessing a state of bad weather, which makes it difficult for the anchored oil tankers to be moored.

The Media Office added that there are not enough tanks to accommodate the production of two days in Zawia oil port, and we fear that production will decrease if bad weather continues for more than three days.

National Oil Corporation stated that it had demanded the decision-making departments in the country to provide the necessary funds to maintain the infrastructure of the oil sector, build reservoirs and maintain what was destroyed by wars, but it did not obtain the necessary financial allocations, which led to fluctuating production and in many cases, some fields and ports stopped pumping for reasons Leaks, which affected and affected the country’s hard currency returns.

Al-Raeid discusses facilitating the procedures for transporting goods and merchandise with the Egyptian Minister of Trade and Industry

Written by LS on . Posted in News. No Comments on Al-Raeid discusses facilitating the procedures for transporting goods and merchandise with the Egyptian Minister of Trade and Industry

The President of the General Federation of Chambers of Commerce, Industry and Agriculture, Mohamed Al-Raeid, accompanied by the President of the Chamber of Commerce, Industry and Agriculture Tripoli, Faraj Derbil, met with the Egyptian Minister of Trade and Industry and the head of the current session of the Economic and Social Council of the League of Arab States, Nevin Jameh.

The meeting dealt with a discussion of opening prospects for cooperation between the two countries, most notably illustrating the difficulties and facilitating the procedures for transporting goods and merchandise, as well as facilitating the procedures for the entry of Libyan businessmen and citizens into Egypt, and allowing Egyptian citizens to travel to Libya in the easiest way.

The MP Ouhaida: « Confidence was granted to the Bashagha government in early March »

Written by LS on . Posted in News. No Comments on The MP Ouhaida: « Confidence was granted to the Bashagha government in early March »

Libyan MP Jibril Ouhaida announced today, Monday, that the Libyan House of Representatives in Tobruk in eastern Libya, will hold a session on the first of next March to vote on granting confidence to the new government headed by Prime Minister Fathi Bashagha.

Ouhaida, who was elected in the Kufra region in the far southeast of Libya and a resident of Benghazi, the capital of Cyrenaica, told Nova Agency that the Libyan House of Representatives will hold a session in early March to vote on granting confidence to the Bashagha government.

It is expected that the formation of the new government, on which consultations and negotiations are taking place, will be completed next Thursday, February 24. Bashagha, the former interior minister in the Government of National Accord, is then expected to present his team before the House of Representatives next Monday, February 28, and according to Ouhaida, a strong backer of the Bashagha government, a vote of confidence could be held the next day, Tuesday, March 1.

Adapted from Nova Agency

The Minister of Planning: « Last year 2021 witnessed a growth in the Libyan economy by 31.4% in the GDP »

Written by LS on . Posted in News. No Comments on The Minister of Planning: « Last year 2021 witnessed a growth in the Libyan economy by 31.4% in the GDP »

The Minister of Planning in the Government of National Unity, Fakher Boufarna, said that the Libyan economy witnessed a significant growth last year, with a rate of 31.4% in the gross domestic product.

Boufarna, during a speech at the ceremony organized by the ministry today, Monday, in the presence of Prime Minister Abdul Hamid Dbeibeh, to launch the electronic dashboard for development projects and programs for the year 2021, stated that the non-oil GDP grew by 15.9% last year, in isolation from oil activities and at fixed prices.

The Director of the National Accounts Department at the Ministry of Planning, Nasser Salama, stated, by presenting the results of the income and national product accounts from 2006 to 2021, that the inflation rate at the level of the economy in Libya decreased from 28.2% in the year 2020 to 4.4% in relation to the last year 2021, adding that the increase in consumer prices reached 3.8%.

Nasser Salameh added that « the investment spending in the national economy in relation to the gross domestic product amounted to 21.5% in 2020 with a total value of 17.7 billion dinars, while the percentage in 2021 reached 13.2% with a total value of 22.6 billion dinars ».

Hosni Bey: « The decision to grant 100,000 apartments and 50,000 plots of land to young people will be an advantage for 150,000 people, and 7 million Libyans will pay the price ».

Written by LS on . Posted in News. No Comments on Hosni Bey: « The decision to grant 100,000 apartments and 50,000 plots of land to young people will be an advantage for 150,000 people, and 7 million Libyans will pay the price ».

The businessman Hosni Bey said today, Sunday, that the distribution of 50,000 plots of land on which you need to build real estate, and need to complete and establish, without infrastructure, will cost at least 7.5 billion dinars, indicating that the total capital of Libyan banks combined does not exceed this amount.

Bey added that the Savings and Real Estate Investment Bank is not a charitable institution, and the goal of its establishment is real estate development and making profits, noting that everything free is welcomed, and everything free is possible in Libya, but its implementation may be impossible.

The businessman stated that the decision to grant 100,000 apartments and 50,000 plots of land to young people will benefit 150,000 people, and 7 million Libyans will pay the price, as long as this thing is free.