Skip to main content

Author: LS

The Ministry of Foreign Affairs discusses ways to return international flights to Libya

Written by LS on . Posted in News. No Comments on The Ministry of Foreign Affairs discusses ways to return international flights to Libya

The Undersecretary of the Foreign Affairs Ministry for International Cooperation and Organizations, Omar Keti, discussed in an expanded meeting held today, Wednesday, in the Ministry’s headquarters in Tripoli, ways to return international flights to Libyan airports.

The meeting was attended by the Undersecretary of the Transportation Ministry for Air Transport Affairs, Khaled Souissi, the Director of the Civil Aviation Authority and the Director of the Airports Authority, in addition to representatives from the Interior Ministry, the Customs Authority and the Internal Security Agency.

The attendees discussed the difficulties facing the air transport sector and the mechanism of addressing them in coordination between the different sectors. They also reviewed the situation of Libyan airports and their readiness to receive international flights, stressing the importance of intensifying efforts to reduce travel burdens on citizens and facilitate movement procedures at airports.

Digital currencies face shock losses

Written by LS on . Posted in News. No Comments on Digital currencies face shock losses

Bitcoin currency has lost nearly half of its value since its peak last November, as the price of the cryptocurrency continues to decline as major economies look to curb its growing popularity.

The market witnessed a shocking start to this year, as losses affected all digital currencies that are currently being traded, and these losses come as investors continue to feel anxious about the crises plaguing the global economy at the present time, especially the high inflation crisis.

The rise in global inflation and its record levels are pushing all central banks around the world to tighten fiscal and monetary policy, which means raising interest rates, which is one of the important aspects of investment in light of the current state of volatility, and there is no indication that it will end in the medium and near term. At the same time, governments continue to crack down on the cryptocurrency market.

Adapted from Independent Arabia Website

The Minister of Health confirms his support for reference laboratories as one of the national security tools

Written by LS on . Posted in News. No Comments on The Minister of Health confirms his support for reference laboratories as one of the national security tools

The Minister of Health, Prof. Ali Al-Zanati, discussed this morning with the officials of the reference laboratories in Libya about mechanisms to support and enhance blood stocks, and to provide urgent needs for laboratories.

Laboratory officials in the regions of Tripoli, Az-Zawiyah, Wadi al Shatii and Alrujban reviewed periodic reports on the work of the laboratories, and the statistics of those attending, in light of the crowding in the laboratories, by the beneficiaries of the initiative of the Prime Minister of the National Unity Government to support marriage and young people in order to obtain medical examination certificates for marriage.

For his part, the Minister affirmed the Ministry of Health’s support for reference laboratories as one of the tools of national security, and expressed the ministry’s keenness to adopt unified national policies for medical laboratories, and to standardize devices in reference laboratories.

Adapted from Ministry of Health Official Facebook Page

The Jumhouria Bank announces the possibility of disbursing the marriage allowance to its beneficiaries in cash at most of its branches

Written by LS on . Posted in News. No Comments on The Jumhouria Bank announces the possibility of disbursing the marriage allowance to its beneficiaries in cash at most of its branches

The Jumhouria Bank announced yesterday, Monday, the possibility of disbursing the marriage grant in cash without the need for a bank account for the beneficiaries of the grant.

It also revealed the branches that include this service, namely, Martyrs Square branch, Qaser Bin Ghashir branch, Applied Engineering Institute branch, Az-Zawiyah branch, Downtown Sabratah branch, Ahmed Al-Sharif branch, Waddan branch, in addition to the Khoms branch, Al-Kashaf branch, Bergen branch Exhibition Branch, Al-Bayda Branch, Garyan Branch, and Al-ruhaibat Branch.

The Bank stated that the beneficiaries of the marriage grant must visit its own bank branch, provided that the applicant has proof only of his identity.

Adapted from Jumhouria Bank offical Facebook page

The Central Bank announces the details of opening documentary credits

Written by LS on . Posted in News. No Comments on The Central Bank announces the details of opening documentary credits

The Central Bank of Libya announced the details of the applications for opening documentary credits that were implemented during the period of January 16, 2022, until January 19.

This is based on the circular of the Banking and Monetary Control Department of the Central Bank of Libya No. 9 of 2020 dated December 31, 2020 regarding the regulations governing the procedures for opening documentary credits, and in reference to paragraph No. 5 of the general controls in the aforementioned circular, which requires the approval of the requesting parties to open the credits on the fact that the Central Bank of Libya publishes the details of those credits.

Adapted from Sada Website

Details of the unification of the Central Bank of Libya

Written by LS on . Posted in News. No Comments on Details of the unification of the Central Bank of Libya

After a long wait that lasted more than seven full years, the Governor of the Central Bank of Libya, Al-Siddiq Al-Kabeer, and his deputy, Ali Al-Hibri, put an end to their chronic conflicts, and announced the actual start of implementing a plan of several stages to unify financial institutions, which boosted indicators and hopes that the new year will witness an economic recovery in the country, supported by the jump in oil prices during the past months.

This expected announcement was delayed for several months due to disagreements between Al-Kabir and Al-Habri over some details to unify the two central banks in Tripoli and Benghazi under one administration, which necessitated the use of an international accounting firm to audit the accounts of the two banks and organize the procedures for their reintegration.

Al-Kabeer revealed the different steps that preceded the official announcement of the bank’s unification agreement and the reasons for its delay. He said: «We started the process of reviewing the accounts of the two banks, and a specialized team was assigned to provide all data and information through the General Attorney’s office in order to enhance the principles of responsibility, transparency and accountability».

He pointed out that the most important step after unifying the Central Bank is to address the negative effects resulting from its long division, such as the clearing crisis and its repercussions on the safety of the financial conditions of the banks, which led to the confusion of the supervisory role of the Central Bank of Libya. In addition, previous challenges that the Libyan economy and banking sector have suffered for decades, and the most important of which is the weakness The quality and efficiency of public spending, the structural imbalance in the Libyan economy, its dependence on a single source of income, which is oil, and the repeated closure of fields and export ports.

Al-Kabeer explained that the set of goals that were set on the sidelines of the agreement to unify the banking management aims to approve an effective monetary policy, take supportive measures for the exchange rate policy adopted by the Directors Board of the Central Bank, starting from January 2021, and perform required diligence to enhance efforts to combat money laundering and terrorist financing.

He continued by saying: «We will work to have the banking sector have a pivotal role in activating the role of the private sector to move the wheel of the economy, diversify sources of income, launch spatial and sustainable development projects, and create job opportunities in accordance with the vision of the government of national unity».

Adapted from Independent Arabia Website

The Minister of Economy and Trade discusses the return of Libya’s membership in the Council of Arab Economic Unity

Written by LS on . Posted in News. No Comments on The Minister of Economy and Trade discusses the return of Libya’s membership in the Council of Arab Economic Unity

The Minister of Economy and Trade, Mr. Muhammad Al-Huwaij, met with the Ambassador Muhammadi Alni, the General Secretary of the Arab Economic Unity Council, at the ministry’s headquarters, to discuss obstacles to the return of the State of Libya’s membership in the Council and to enhance its role in the fields of economy and investment in the region.

The meeting reviewed the council’s work plan and its role in contributing to the national unity government’s plan for reconstruction, infrastructure development and implementation of investment projects in all regions through agreements concluded between the council, specialized Arab unions, joint Arab companies and international bodies interested in investment and trade in the State of Libya, and working on training and integrating youth and creating suitable job opportunities for them through the Council’s Training and Research Advisory Center, supporting the small and medium enterprises sector, and enhancing its role in spatial development and achieving economic diversification.

The meeting was attended by the Minister’s advisor, the director of Foreign Trade and International Cooperation Department, head of the Council’s regional office in Libya, and a representative of the Presidential Council.

Adapted from Economy and Trade Ministry official Facebook Page

During her meting with Aqila Salah, Williams stresses the importance of the attendance of all representatives in today’s session to set a new date and path for the elections.

Written by LS on . Posted in News. No Comments on During her meting with Aqila Salah, Williams stresses the importance of the attendance of all representatives in today’s session to set a new date and path for the elections.

The adviser to the United Nations General Secretary, Stephanie Williams, stressed during her meeting yesterday, Sunday, with the Head of the Representatives House, Aqila Saleh, in the city of Al-Qubah, the importance of all members attending the parliament session today, Monday, and setting a new date and a clear path for the elections.

Stephanie Williams said that she encouraged all deputies to attend the session in which the House of Representatives’ Roadmap Committee is expected to present its initial report on the future of the electoral process, and the need for deputies to assume their responsibility towards the Libyan people, and to set a clear path for the elections, bearing in mind that 2.5 million citizens have received their electoral cards, in addition to the time frame stipulated in the road map of the Libyan Political Dialogue Forum.

She added that she stressed during the meeting that the Libyan people want to end the transitional period that lasted for years, with it successive power-sharing arrangements. She also stressed that there will be no solution to the legitimacy crisis that afflicted all Libyan institutions except through the ballot boxes, calling on all parties concerned to focus on the electoral process.

The Minister of Oil and Gas meets the ambassador of Saudi Arabia to Libya

Written by LS on . Posted in News. No Comments on The Minister of Oil and Gas meets the ambassador of Saudi Arabia to Libya

The Minister of Oil and Gas, the engineer Ali Al-Abed Al-Rida met the Ambassador of Saudi Arabia to Libya, Abdulaziz Ben Ali Al-Saqr at the Ministry’s headquarters in Tripoli, in the presence of a number of advisors and competent departments of the Ministry.

The Minister stressed the depth of the Libyan-Saudi relations, which is witnessing a great cooperation between the two countries. In turn, he stressed the continuation of coordination with the Saudi side in the field of energy in regional and international forums, as well as benefiting from the pioneering Saudi experience in the field of energy.

In turn, the ambassador stressed that Libya has promising investment opportunities due to its many wealth and energy sources, reiterating the Kingdom’s desire to support stability efforts in Libya and the possibility of transferring their experiences in the fields of energy, oil and minerals, stressing the importance of the depth and authenticity of relations between the two brotherly countries.

Dbeibeh allocates more than 67 million dinars to maintain Ra’s Ajdir crossing border

Written by LS on . Posted in News. No Comments on Dbeibeh allocates more than 67 million dinars to maintain Ra’s Ajdir crossing border

The Ministers Council of the National Unity Government headed by Abdul Hamid Dbeibeh issued a decree of allocating an amount of 67 million and 270 thousand dinars for the benefit of the Administrative Centers Development Authority.

According to the decree, this amount will be allocated to start the emergency phase for the maintenance and development of Ra’s Ajdir crossing border with the State of Tunisia, provided that the value is deducted from the raw section of the budget, which is the emergency section.