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Author: LS

Al-Dardari Announces Agreement with National Unity Government to Expand UN Development Program Activities in Libya

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The Regional Director of the United Nations Development Program for the Arab States, Abdullah Al-Dardari, said that after holding a series of meetings with the Prime Minister of the National Unity Government and a number of government ministers, it was agreed to expand our activities in Libya at several levels.

Al-Dardari explained that the most important levels that were agreed upon are working to support the implementation of Libya’s Vision 2040 through the policy of economic diversification, developing the role of the private sector in the Libyan economy, and developing financing resources.

He added that it had also been agreed to cooperate with reconstruction funds, especially in Derna, in order to provide technical support to these funds so that they can carry out their work and spend money in a transparent manner and with the best governance methods and to help them implement some projects to ensure the transparency and speed of implementation of priority projects.

According to Al-Dardari’s statement, the United Nations Development Program has also agreed with the National Unity Government to work in Libya in the field of environment, climate, issues of concern to society, municipal development, and other activities that it has begun to work on, and the completion of these works will be expanded.

Bathily Urges Libyan Parties to Convene Meeting for Discussion on Next Steps in Electoral Process

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The Special Representative of the Secretary-General of the United Nations, Abdoulaye Bathily, called on the main parties in Libya to participate in a meeting that will be held in the coming period to reach a political settlement on the issues of political disagreement related to the implementation of the electoral process.

Abdoulaye Bathily asked the Libyan parties to nominate their representatives to participate in the preparatory meeting, in which the representatives who will be named by the Presidential Council, the House of Representatives, the Supreme Council of State, the Government of National Unity, and the General Command of the Libyan Army will discuss the date, location, and agenda of the meeting of the leaders of their institutions, and determine the outstanding issues, which must be resolved to enable the High National Elections Commission to begin implementing the election laws issued by the House of Representatives.

The UN envoy appealed to the main actors to move in good faith to the next stage of efforts aimed at achieving the desired common goal, which is to hold free, fair, transparent and inclusive elections that meet the aspirations of the Libyan people, considering that for the first time since the elections faltered on December 24, 2021; Libya now has a constitutional and legal framework regulating elections.

Bathily added that, in parallel with the preparatory meeting, focused consultations will be held with a broader spectrum of other Libyan parties, so that their proposals on how to resolve the outstanding controversial issues and prepare for elections can be taken into account during the negotiations. The consultations will include political parties, active military and security parties, sheikhs and notables. Cultural and linguistic components, academics, representatives of youth, women and civil society.

Al-Huwaij Connects with Greek Business Owners and Companies for Collaborative Ventures

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The Minister of Economy and Trade in the National Unity Government, Mohammed Al-Huwaij, met yesterday, Wednesday, with a number of Greek business owners and companies wishing to enter the labor market in Libya.

Al-Huwaij stressed the desire of the National Unity Government to develop trade relations between the private sector in the two countries and enhance its role in implementing the ministry’s plan towards transitioning to a knowledge economy and mutual benefit through a true partnership in areas of common interest.

He added that the Ministry of Economy and Trade in Libya provides the necessary facilities and support in registering companies and trademarks and approving investment projects, under the supervision of the General Authority for Investment Promotion and Privatization Affairs affiliated with the Ministry.

According to the Ministry’s Information Office, at the conclusion of the meeting, it was agreed to organize an expanded meeting that includes business owners and companies from Libya and Greece under the supervision of the Ministry of Economy and Trade.

Bengdara Engages in Dialogue with Economic Salon Members on Boosting Oil Production and Enhancing Fuel Supply Rates

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Today, Tuesday, the Chairman of the Board of Directors of the National Oil Corporation, Farhat Bengdara, held a meeting with a number of members of the Libyan Economic Salon Foundation interested in public affairs.

The meeting discussed a number of topics related to the oil sector, most notably the National Oil Corporation’s strategy for development, increasing production rates, and the possibility of financing from outside the budget.

The issue of fuel supply, enhancing the principle of transparency in the oil sector, keeping the sector away from any political tensions, and other issues that have become the focus of discussion by those interested in public affairs were also discussed.

For his part, the Chairman of the Foundation’s Board of Directors stressed the importance and role of civil society institutions, including the Economic Salon, in spreading awareness and contributing to the development of national institutions for the benefit of the national economy.

Dbeibeh Discusses Fuel File and Supports National Oil Corporation’s Efforts to Increase Production

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Prime Minister Abdul Hamid Dbeibeh held the eighth regular meeting of the Supreme Council for Energy Affairs at the Cabinet Office on Monday to discuss several issues related to the oil sector.

The meeting discussed the Cabinet’s decision to add a mandate to the Council regarding water affairs, based on the recommendation of the meeting held by the Prime Minister with the Management Committee, in the presence of the head of the Audit Bureau and the governor of the Central Bank of Libya in February, with the participation of the Great Man-Made River Authority.

During the meeting, the National Oil Corporation presented a plan for the implementation of strategic projects aimed at increasing production, and reviewed the corporation’s efforts to activate the factories in the Ras Lanuf Industrial Complex.

The meeting also addressed the fuel file and the efforts exerted by all state institutions to find realistic solutions for this issue.

The participants emphasized the necessity of supporting the efforts of the National Oil Corporation aimed at increasing production.

Al-Kilani Deliberates Initiating Procedures for Disbursing Wife and Children’s Grant for the Fourth Quarter

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The Minister of Social Affairs of the Government of National Unity, Wafa Al-Kilani, discussed during a meeting with the General Supervisor of the Wife and Children Grant Project and the General Director of the project to begin disbursement procedures for the fourth quarter of 2023.

Al-Kilani confirmed the speedy completion of all supplements and their disbursement to those entitled to them, especially with regard to the supplements for the grant for children under the age of 18.

Al-Kilani called on parents of children under the age of 18 to expedite registering their banking information via the electronic platform, and wives and daughters over the age of eighteen to quickly register to obtain an e-payment card.

Exclusive Event: Inauguration of Jumhouria Bank Quttah Branch Under the Patronage of Burguen Al-Shati Municipality

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The Director of the Information Office at the Jumhouria Bank, Mohamed Saeed, revealed in a special statement to our source on Monday that Jumhouria Bank opened the Quttah branch of the Burguen Al-Shati municipality to facilitate service for citizens in the region.

Saeed added that the opening was attended by the Director of the Southern Region Administration, the Mayor of Burguen Municipality, members of the municipality, notables and elders of Wadi Al-Shati.

Saeed explained that this was to facilitate the banking service within the bank due to the distance from the nearest bank to the locality, which exhausted the citizen’s shoulders.

International Monetary Fund: Central Bank Reunification, a Step in the Right Direction, and Libya’s Economic Outlook Remains Positive

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Dmitry Gershenson, head of the IMF team overseeing economic and financial developments in Libya, stated in a Monday release that the recent reunification of Libya’s Central Bank is a positive step. He added that Libya’s economic expectations in the medium term remain positive, given the anticipated increase in global oil prices.

Gershenson noted in the statement that the destructive floods in eastern Libya are not expected to have a significant impact on the country’s Gross Domestic Product (GDP), as the Libyan economy heavily relies on oil and gas production. He affirmed that Libya’s economic prospects in the medium term remain positive due to the expected rise in global oil prices.

He added that in the short term, Libya needs a budget to support policy credibility because untargeted financial spending complicates the implementation of macroeconomic policies. In the medium term, the country needs an economic strategy to diversify away from oil and gas, promoting stronger and more inclusive growth led by the private sector.

Reducing untargeted subsidy support, he explained, would free up resources for better social spending and productive investments in the short term. In the long term, reform efforts should focus on strengthening institutions, updating the anti-money laundering and counter-terrorism financing framework, and addressing concerns about corruption and governance.

The statement emphasized that the reunification of Libya’s Central Bank is a step in the right direction, improving coordination in monetary policy, banking system liquidity, and oversight. It stressed the importance of the next steps, including integrating the payment system, unifying the organizational structure of the central bank, and implementing accounting procedures before achieving full reunification.

The IMF expert team praised the reforms carried out by Libyan authorities this year, noting significant progress in improving data collection, enhancing the anti-money laundering and counter-terrorism financing framework, innovation in financial technology, and aligning banking supervision with international standards.

A team from the International Monetary Fund participated in preparatory meetings held last week in Tunisia with officials from the Central Bank of Libya, leading up to Article IV consultations with the International Monetary Fund scheduled for April. The consultations will involve experts from the Fund, the Libyan Audit Bureau, the National Oil Corporation, and representatives from the ministries of finance, planning, labor, statistics, and census.

Deceptive Banking Presence: A Fake Participant in the 11th Edition of the Libya International Technology Fair

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Libyan Technicians warn against dealing with a fictitious bank featured as a prominent participant in the 11th Edition of Libya International Telecommunications and Information Technology Exhibition and Forum, held at the Tripoli International Fair.

Technicians stated in posts and articles circulated on social media that Gulf Crypto Bank is one of the fraudulent platforms operating solely as a company. It lures its victims into the realm of network marketing and digital currency trading, including stock exchange, while offering traditional banking services such as fund deposits and ATM card issuance without genuine, reliable, and authorized legal licenses and justifications.

All of this comes against the backdrop of the founders of this bank being linked to other companies proven to be involved in fraudulent activities, operating from the Comoros Islands and Turkey. These campaigns rely on fake accounts across social media platforms, exaggerate the expected profits, and highlight the absence of official entities overseeing subscriptions, in addition to its fictitious branches in various countries.

On the other hand, media reports, as per available information, mentioned that Gulf Crypto Bank is not listed in the British Financial Conduct Authority’s register of financial firms and is not registered in the US commercial register as a licensed bank engaged in financial activities.

It is worth noting that Gulf Crypto Bank had entered into a partnership agreement with the Sahelo-Saharan Bank for Investment and Commerce during its inauguration ceremony last October. The bank’s director announced the opening of a branch in Libya, welcomed and supported by the Prime Minister of the Government of National Unity, Abdul Hamid Dbeibeh.

Ensuring Fairness: Dbeibeh Advocates Equitable Distribution of Faculty Rights Based on Teaching Hours and Issues Vital Instructions to Improve Conditions for Dedicated Teaching Assistants

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The Prime Minister of the National Unity Government, Abdul Hamid Dbeibeh, held a meeting today, Tuesday, with the Minister of Higher Education and Scientific Research, Imran Al-Qayeb, the Minister of Technical Education, Khalaf Al-Sifaw, the head of the Faculty Syndicate and a number of its members, a number of the directors department at the Ministry of Finance, and the Director of the Oversight Department of the service sector of the Administrative Oversight Authority, and the Director General of the Administrative Centers and Development Authority, to discuss the reasons for the sit-in by faculty members at universities and higher institutes.

Dbeibeh stressed the need to pay attention to faculty members, provide all appropriate conditions to perform their duties, and address the conditions of teaching assistants in accordance with the laws regulating that. He pointed at the same time to the return of students to their classrooms, considering it a responsibility that falls on the government. He also called on faculty members to perform their educational mission, and the relevant ministries to address all comments received from the union.

The Prime Minister issued instructions to the Ministries of Finance, Higher Education, and Technical Education on the necessity of discussing the proposals submitted regarding the problems raised at the beginning of each academic year, and working to implement them in accordance with the approved and available financial allocations.

He emphasized the importance of allocating faculty members’ rights based on teaching hours through the implementation of a dedicated system, ensuring that the state recognizes the rightful entitlements of active faculty members. He deemed the indiscriminate and criterion-free distribution of teaching responsibilities to all faculty members as unjust to genuine university professors, emphasizing the illogical and legally questionable nature of such procedures.”

The Prime Minister issued directives to address the status of teaching assistants who meet legal criteria and are actively fulfilling their responsibilities. Furthermore, he mandated that universities and higher institutes take responsibility for determining the required numbers based on needs and compliance with legal conditions.

He additionally instructed the committee, led by the Undersecretary of the Ministry of Higher Education and formed by the Council of Ministers, to persist in overseeing the initiation of the scholarship program. The directive emphasized the implementation of the first phase in alignment with the committee’s recommendations, with special attention given to first-time recipients and repeaters, recognizing them as crucial segments in the process.