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Author: LS

Signing of Agreement between Misrata Free Zone and Antwerp Port in Belgium

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The Misrata Free Zone announced on Thursday the signing of a memorandum of understanding with the Antwerp Port, the second-largest port in Europe, aiming to enhance economic cooperation between Libya and Belgium, particularly with Europe as a whole.

This memorandum aims to foster collaboration and integration between the two ports to facilitate trade, exchange of goods and services, training, knowledge transfer, as well as providing studies and consultations. One of the key focuses includes electronic monitoring systems and the movement of entry and exit through smart gates.

Moreover, the memorandum seeks to provide studies and consultations through the Development and Training Center “APEC,” affiliated with the Antwerp Port Authority, known as one of the premier training and development centers in Europe.

Africa Intelligence: Al-Kabeer Engages in a Secret War Against Dbeibeh for Control of Oil Revenues

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The Africa Intelligence website reported today, Thursday, that the Governor of the Central Bank of Libya, Seddiq Al-Kabeer, is engaging in a secret war against the Prime Minister of the Government of National Unity, Abdul-Hamid Dbeibeh, to gain control of oil revenues.

According to the report, Governor Al-Kabeer is fighting battles to control Libyan oil dollars against Prime Minister, Dbeibeh, who protects his ally, the head of the National Oil Corporation, Farhat Omar Bengdara, as mentioned by the Africa Intelligence website.

Minister of Oil Calls on Chinese Companies to Return and Resume Operations in Libya

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The Minister of Oil and Gas in the Government of National Unity, Mohammed Aoun, has urged Chinese companies to return and resume their operations in Libya. He emphasized the importance of increasing cooperation between the two countries, especially considering China’s status as one of the world’s major powers and its advanced position in various industries, including the oil and gas sector. China boasts large oil companies that have played a significant role in establishing numerous oil projects.

This call came during a meeting between Minister of Oil Mohammed Aoun and the Chargé d’Affaires of China in Libya, Liu Jin, along with his assistant. The meeting was attended by the Director-General of Technical Affairs, the Technical Advisor to the Minister, the Director of the International Cooperation Office, and his deputy. The discussion focused on the formation of a joint committee to explore prospects for cooperation, exchange ideas, and transfer technology in the fields of oil, gas, and energy.

Aoun pointed out that Libya possesses vast resources, including solar energy, which should encourage Chinese companies to swiftly return and take advantage of these opportunities. Particularly noteworthy is Libya’s plan, through the National Oil Corporation, to conduct an exploratory tour next year via an open global tender for international companies.

The Chinese Chargé d’Affaires affirmed that Chinese companies aspire to return to work in Libya, where over thirty thousand Chinese nationals were employed. They aim to seize larger opportunities, given China’s colossal companies, expertise, skilled workforce, and modern technological equipment in the oil and gas sectors. He noted that Chinese authorities are currently evaluating the situation in Libya to expedite the return of Chinese companies.

Prime Minister Dbeibeh Emphasizes the Need to End Forced Disappearances and Present All Investigations to the Public Prosecutor and Al-Radaa

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Prime Minister Abdul-Hamid held a meeting today, Wednesday, at the Public Prosecutor’s office to follow up on the legal and living conditions of detainees in prisons. The meeting included the Public Prosecutor, Seddiq Al-Sour, Minister of Justice Halima Ibrahim, the Undersecretary of the Ministry of Interior for Directorate Affairs, Bashir Al-Amin, and the Head of Al-Radaa For Countering Terrorism & Organized Crime, Abdul-Raouf Kara. Minister of State for Prime Minister’s Affairs Adel Jumaa also attended, along with several specialized deputy prosecutors.

During the meeting, the Public Prosecutor presented an overview of the role of public prosecutors in monitoring the implementation of reports referred from police stations and security agencies. He emphasized the need for their active role in contributing to the establishment of legal principles. He praised the collaboration between Al-Radaa and the Public Prosecutor’s office in addressing terrorism and eliminating ISIS, providing statistics on cases transferred from the apparatus to the public prosecutor, considering them positive compared to previous years.

In turn, the head of Al-Radaa provided a detailed position on the numbers and conditions of detainees related to crimes, drug trafficking, threats to national security, terrorism, and the procedures they follow to complete investigations and refer them to the public prosecutor. He also discussed their living, health, and social conditions.

The Minister of Justice presented a position on detainees in all Libyan prisons, numbering over 20,000, confirming that they enjoy good conditions. She asserted that ongoing efforts aim to improve overall prison conditions. Furthermore, she stated that all detainees are presented to the public prosecutor and the court according to their sessions, with no cases left without legal procedures.

Prime Minister Dbeibeh stressed the need to end all cases of forced disappearances, regardless of the responsible party. He emphasized the importance of presenting all investigations to the public prosecutor and completing them within a specified timeframe. Dbeibeh directed the Ministry of Justice to develop and maintain prisons, provide healthcare and social care for all detainees, and ensure suitable transportation for them.

Prime Minister Dbeibeh Discusses Electricity Network Status with Chairman Al-Mashay and Issues Directives

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On Tuesday, Prime Minister Abdul Hamid Dbeibeh reviewed the General Electricity Company’s plan for implementing projects in the municipalities of Derna and Murzuq, including the restoration of electricity to these areas. During a meeting with the Chairman of the Management Committee of the General Electricity Company, Mohammed Al-Mashay, and in the presence of the Minister of State for Cabinet Affairs, Adel Jumaa, the Prime Minister addressed the issues leading to power outages in Al-Bayda Municipality and its neighboring municipalities despite sufficient production.

Al-Mashay presented a detailed overview of the ongoing projects in Derna Municipality and neighboring municipalities, addressing damages caused by floods. He also outlined the company’s plan to restore electricity to the city of Murzuq in coordination with the Ministry of Local Governance.

Prime Minister Dbeibeh issued instructions to Al-Mashay to address the situation of the public network in Al-Bayda Municipality and its neighboring municipalities, emphasizing the urgent need to resolve these challenges, especially with the onset of winter. He also stressed the importance of completing maintenance work in Derna Municipality and its neighboring areas.

Additionally, directives were issued to ensure collaboration with the committee appointed by the Cabinet to study the fuel consumption of the electricity company, emphasizing the need for rationalization in accordance with actual demand.

Minister Al-Huwaij Deliberates on Foreign Currency Dynamics and Boosting the Libyan Dinar Against the Dollar

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Today, Tuesday, Minister Mohammed Al-Huwaij held a meeting with the committee tasked with determining the gap between the supply and demand for foreign currency and strengthening the Libyan dinar against foreign currencies, a committee he chairs.

Al-Huwaij affirmed that accomplishing the assigned tasks requires the alignment of the state’s fiscal, monetary, and trade policies. This necessitates taking a package of monetary measures capable of determining the real growth rate of demand for foreign currency according to the international and domestic economic variables specific to the Libyan state. This includes supply operations through the banking system, the parallel market, and the implications on the purchasing power of the Libyan dinar.

He emphasized that this should not be isolated from comparing the balance of payments for the current year with the expected revenues from foreign currency for the next year. It is essential to address or reduce the deficit between them to propose solutions and recommendations for the economic, monetary, and financial requirements of the state.

The Libyan Investment Authority Succeeds in Lifting the Last Judicial Reservations Imposed on its Assets

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The Libyan Investment Authority has announced its success in lifting the last judicial reservations imposed on its assets by international parties and companies seeking to use the funds and assets of the Authority to settle alleged debts on some entities of the Libyan state.

The Authority stated that it faced these reservations before European courts and refused to use its funds for execution. As a culmination of these efforts, the Court of Appeal in Paris ruled to invalidate the latest of these reservations under the judgments issued on 16/11/2023 and 23/11/2023.

It further emphasized that, for the first time since 2013, there are no judicial reservations on the assets of the Libyan Investment Corporation in France. This confirms the success of the corporation’s strategy in preserving and protecting its assets, reinforcing its commitment to independence as a sovereign fund managing its funds for the benefit of the Libyan people.

The Libyan Investment Authority also announced the start of the second phase of international arbitration proceedings with Belgium regarding the imposed seizure by Belgian authorities on the assets and funds of the corporation in Belgium, in violation of the Investment Promotion and Protection Agreement between the two countries.

The Authority welcomed the issuance of UN Security Council Resolution No. 2701 for the year 2023, which affirmed the readiness of the UN Security Council to consider amendments to asset freezing measures, including allowing the corporation to reinvest the frozen assets to preserve their value.

It stated that it will present its investment plan for the reinvestment of its assets to the UN Security Council in coordination with the Board of Trustees in the coming period.

Al-Safi: “Decision-Makers to Study Concerns Arising from Political Division Before Implementing Subsidy Removal Plan”

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Economic researcher Mohamed Al-Safi stated to our source about his presentation of a lecture on the experiences of some countries in reforming the fuel subsidy policy, including 18 countries around the world. He emphasized the importance of lifting subsidies with confidence among citizens and direct communication with them to increase transparency. He highlighted the importance of using the funds to build human capital by providing job opportunities and a suitable environment. Decision-makers should study the concerns that may arise from political division and security problems that may result from smuggling before implementing the subsidy removal plan.

Al-Safi explained that during the lecture, it was suggested to maintain the current situation and provide a gasoline card to all citizens. This would shift the support from being direct subsidies to gasoline companies, and from subsidies to citizens who would then pay the companies, or it could be entirely replaced with cash.

Libyan Delegation Takes Part in the World Knowledge Summit in Dubai

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Professor and university researcher in the field of media at Libyan universities, Khairy Jabouda, participated in the Knowledge Summit, which was held in Dubai from the 23rd to the 24th of this November.

The Knowledge Summit, in its eighth edition this year, in the presence of a number of thought leaders, policy makers, decision makers, experts, researchers, academics and entrepreneurs, discussed the issue of the Fifth Industrial Revolution and the business landscape as part of what was known as changing the rules of the game in global practices.

University researcher in the field of media at Libyan universities, Khairy Jabouda, told Tabadul that this summit highlights the role of the fifth industrial revolution in building knowledge cities, and fifth generation technologies that have brought about a comprehensive transformation in traditional business models, and now constitute basic pillars of the future economic model.

Exclusive Insight: Salama Al-Ghawil Highlights State’s Struggle in Establishing Priorities for Faculty Salaries Disbursement

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The head of the Competition and Monopoly Council, Salama Al-Ghawil, said in a statement to our source, that there is complete chaos in the management of the file of salaries and employee rights, and the inability of the state and its institution to prioritize salary disbursement, fair distribution, and the ability to coordinate between the parties to the educational process and its most important elements, which are the human cadres and members of the teaching staff.

Al-Ghawil explained that there is a deficiency in controlling the decisions and laws that preserve the rights of faculty members in educational institutions, and that the expansion in disbursing salaries reduces the burden of the state and the increase in the number of employees in an illogical manner deprives important segments of their rights.