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Libyan PM opens coastal road

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The head of Libya’s Unity Government, Abdulhamid Dbaiba, declared on Sunday that the main coast road across its inactive front line reopened, but eastern-based forces allowed no traffic through, underscoring unresolved divisions that threaten a fragile peace process.

Dbeibeh removed a mound of sand blocking the road at the final checkpoint on the western side of front line, before driving eastwards with his convoy towards Sirte, held by eastern forces.

“We will meet soon in Sirte,” he said, referring to the city just across the front line further down the desert road as he opened its western end.

It comes days before international powers meet in Berlin to discuss the Libya crisis and progress towards unifying the country’s fragmented institutions and holding elections planned for December.

Five largest Turkish companies consider returning to Libya

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The advisor to the Libyan Ministry of Economy and Trade, Shader Essid, met with the trade advisor of the Turkish Embassy in Libya, Yusef Yildir, to discuss the return of five largest Turkish companies to Libya in order to resume the implementation of previously agreed projects.

Both sides also reviewed obstacles facing the return of Turkish companies and the role assigned to the Ministry of Economy and Trade in overcoming them by taking all necessary measures and procedures in accordance with legal frameworks.

Algeria to provide Libya with electricity

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The Chairman of the Board of the General Electricity Company of Libya (GCOL), Wiam Al-Abdalli, met on Friday with the Chairman of the Board and Director of the Algerian Sonelgas, Chaher Boulakhras, in Tripoli, so as to discuss cooperation between the two companies in the area of electrical energy.

Al-Abdalli and Boulakhras discussed arrangements for mobile units to be put in place in Tripoli to back up the electricity generation plants and also prospects of cooperation in the area of maintenance and power transmission and electricity link up between the two countries.

During a press conference, Boulakhras said that the talks have yielded an agreement to supply the Libya electricity comapny with power in the summer of 2021.

According to Boulakhras the agreement also included hiring gas turbines in the coming days with a capacity of 180 and 200 megawatts.

LIA seeks to invest $68 bn of frozen Libyan assets

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The Libyan Investment Authority (LIA) renewed a demand that international sanctions on its assets be relieved, to allow it to transfer funds from a frozen account to another account, to avoid negative interest rates.

The sovereign wealth fund has been under UN sanctions since 2011, but says it now wants to be allowed to transfer money from one frozen bank account to another, to avoid being exposed to negativeinterest rates.

It also wants to be allowed to reinvest funds from maturing bonds and to be allowed to make new investments with frozen cash.

An independent report said the Authority approached the UN Sanctions Committee last month, shedding light on the negative impact of the sanctions on its portfolio, indicating that the investment portfolio could have its investment value raised to $40 billion had it not been subject to sanctions.

Dbaiba Allocates LYD 15 dinars for the Ministry of Foreign Affairs

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The Libyan Prime Minister of the Government of National Unity (GNU), Abdul Hamid Dbaiba, announced that his government has allocated the following amounts in Chapter Five;

  • 15.000.000 dinars for the Ministry of Foreign Affairs and International Cooperation
  • 10.000.000 dinars for the Presidential Council
  • 2.400.000 dinars for the Ministry of Economy and Trade.

Egypt looking at reconstruction opportunities to return to Libya

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The Libyan Minister of Labour and Rehabilitation, Ali Al-Abed, met with his Egyptian counterpart, Mohamed Saafan in Cairo, in order to discuss the return of Egyptian workers to aid in the reconstruction of Libya.

During the meeting, Saafan expressed his country’s readiness to cooperate with the Libyan government, and organize periodic meetings to determine the work strategy and outline the beginning of the return of Egyptian workers to Libya.

“The ministry is currently taking measures for the return of the labour representation office in Libya, in order to activate joint work plans, and begin the facilitation of the return of Egyptian workers,” he said.

Libyan interior minister meets Turkish ambassador

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The Libyan Interior Minister, Khaled Mazen, received on Wednesday the Turkish Ambassador to Tripoli, Kenan Yilmaz.

During a meeting in Tripoli, both parties discussed removing the need for Turkish visa for Libyan citizens and facilitating the entry movement between the citizens of the two countries.

The meeting also covered the need to speed issuance of visas for Libyan citizens, and the possibility of resuming Turkish Airlines flights to Libya.

Yilmaz and Mazen talked about the possibility of enhancing internal security bilateral cooperation.

Libya’s HoR delays budget approval again

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The Libyan House of Representatives (HoR) concluded budget endorsement session on Tuesday without approval, saying a new session will be held on June 29, according to a statement issued by its media office.

The budget bill was sent to its planning and financial committee with a Government of National Unity’s committee for providing the last remarks on the budget so the HoR can vote again late this month.

Brega Company dispatches seventh fuel convoy to Sebha

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Brega Oil Marketing Company announced that the seventh convoy of fuel set off on Wednesday heading for the southern regions, carrying 1.666.000 liters of gasoline, 314,000 liters of diesel, and 80 tons of liquid gas.

The company stressed that it would not delay fulfilling the citizen’s need for fuel, adding that the fuel crisis in the south would cease if the flow of oil products continued without hindrance or danger.

GNU dissolves the Libyan Media Corporation

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The Libyan Government of National Unity (GNU) gave instructions on Thursday to dissolve the Libyan Media Corporation that was headed by Mohammed Bayo, transferring in the same ordinance the affiliation of ten media agencies and apparatuses from the dissolved institution to the GNU and other Ministries as well as Awqaf and Fatwa authorities.

The government’s decision included dissolving the media studies and research center, Libya TV, Libya Al-Akhbariya TV, New Media Development Center, Al-Shorooq Radio and Libya Radio, instructing a committee to transfer all assets of the dissolved Libyan Media Corporation to the GNU and another committee to reintegrate employees as per their specialties in other public institutions.