On Wednesday, the Chargé d’Affaires of the Libyan Embassy in Egypt, Tariq Al-Hawaij said that the Egyptian authorities will start easing travel restrictions imposed on travellers to and from Libya.
The Libyan Embassy in Cairo said in a statement that Cairo will cancel the requirement to obtain prior security approval for children of Libyan women married to Egyptian nationals, and their spouses.
The new measures will include lifting restrictions on Egyptian nationals who have valid residence permits in Libya and those who are part of family reunion programs.
Al-Hawaij stressed that the Egyptian side is studying the options available in order to facilitate Libyan citizens obtaining entry visas to Egypt.
The Libyan economist Mohamed Youssef told Tabadul that giving a 20% increase in the salaries of public sector workers “is just a reaction, but not an action.”
” The wrong thing about the decisions made by the authorities is that they were taken to appeal to certain groups or to international opinion makers. Therefore, such resolutions are considered to be like the sea foams.” he added.
“Libya’s High National Elections Commission (HNEC) receives LD 50 million from the internationally recognized Libyan government, through its decree 851/2020, for the proposed elections on 24 December 2021,” the spokesman for the Presidency Council of Libya, Ghaleb Alzgalay, posted on Twitter
A Russian oil company intends to resume production and exploration operations in a number of sites in Libya, after its activities were halted following the events of the 17 February Revolution.
Chairman of the board of directors of the Russian TATNEFT company, Rustam Minnikhanov, told TASS news agency that the company is studying the resumption of work in four exploration blocks in Libya.
The company expects that the total production from the projects will reach 50 million tonnes.
In 2005, TATNEFT obtained the concession to develop a field in Ghadames, before winning three other fields in Ghadames and Sirte in 2006 as part of a production-sharing agreement. However, all exploration work stopped in March of 2011 due to the military operations in the country, and the company employees were also evacuated.
After two years, the company tried to return to Libya but was forced to leave again in 2014 due to the escalation of military tensions.
According to a report published by Middle East Institute, PRC established diplomatic relations with Libya in August 1978. Since then, the two countries have developed extensive ties despite some sources of tension and awkward moments in bilateral relations. At the time of the Libyan uprising in 2011, about 75 Chinese enterprises were operating in Libya; the value of Chinese contracts had climbed to an estimated $20 billion; and more than 36,000 Chinese workers were engaged in about 50 infrastructure projects.
Meanwhile, energy cooperation — long the core of the bilateral relationship — was thriving, with Libya providing 3% of China’s oil supplies, accounting for one-tenth of Libya’s crude exports. All three of China’s top state oil companies ( i.e., CNPC, Sinopec Group, and CNOOC) were involved infrastructure projects.
With the outbreak of the Second Libyan Civil War in 2014 and the turmoil that has engulfed the country since then, China’s prospects for renewed and expanded economic engagement with Libya have become even more complex and challenging.Yet, China’s ‘balanced vagueness’ in dealing with the evolving conflict has thus far appeared to work to its advantage, the report stated.
Throughout the Second Libyan Civil War, Beijing has maintained a cautious and balanced approach, focusing on long-term interests. Officially, China has supported the UN-backed Government of National Accord (GNA). Chinese diplomats have met with GNA officials while keeping economic channels open but careful not to burn bridges with the Libya National Army (LNA).
Among the major international players in Libya, China is moving from a neutral position to increasing prominence, poised to advance its BRI framework regardless of which Libyan faction triumphs on the ground.
Benghazi’s Police have seized about 800kg of cannabis hidden inside a truck in the city of Ajdabiya. The Anti-Drugs Department has estimated the drugs’ value at about 14 million Libyan dinars.
According to media sources, the drugs came from Algeria to the Libyan city of Zintan and were en route to Tobruk where they were due to be distributed.
Mohamed al-Safi, Researcher and Analyst at The World Bank, said during a televised interview for Libyan WTV channel and Tabadul Platform thatunifying the exchange rate is a great step, adding that it would partially alleviate the liquidity crisisas the banking system needs to be reformed, along the same lines as the electronic payments.
“The instability of the interest rate, the fluctuation of inflation and exchange rate will make it difficult to implement a financial policy… The monetary policy is the one that drives the economy… The decision will strengthen the purchasing power of the dinar,” he said.
The Central Bank of Libya (CBL) said that the National Oil Corporation (NOC) conceals accumulated sovereign revenues for past years and the amount of oil and gas exported must be matched with public treasury
Data released by the Central Bank of Libya on Tuesday showed that the total oil and sovereign revenues amounted to 4.239 billion dinars during the 11 months of this year, while 24.48 billion dinars were allocated to pay the deficit of financial arrangements.
According to the CBL data, oil revenues amounted to 2.4 billion dinars, tax revenues listed at 609 million dinars, customs 115 million dinars, communications 122 million dinars, and the sales of fuel in the local market 200 million dinars, while the CBL’s profits amounted to 250 million dinars, within the same period. revenues.
The CBL report revealed that 80% of the state’s public expenditures from the period January 1 to November 30 of 2020 went to the salaries and subsidy for goods and services.
It also revealed the allocation of 151 million dinars to the medical supply apparatus, 44 million dinars to Libyan embassies and consulates abroad, and 22 million dinars to the Ministry of Education.
During an emergency meeting held by the Council of Ministers, led by the Head of the PC, Fayez Al-Sarraj, to discuss economic reforms and financial settlements, along with discussing developments in the present political scene and challenges faced by the upcoming elections, the Presidential Council (PC) has approved an initial increase in the salaries of workers in the public sector by 20%.
Bulgarian diplomat Nickolay Mladenov has told U.N. Secretary-General Antonio Guterres he will be unable to take up the role as United Nations Libya envoy next year due to “personal and family reasons,” a U.N. spokesman said on Tuesday.
Mladenov has been the U.N. Middle East envoy since 2015, charged with mediating between Israel and the Palestinians. The U.N. Security Council last week approved Guterres’s proposal to appoint Mladenov as Libya mediator and Norwegian Tor Wennesland to succeed Mladenov as Middle East envoy.
Mladenov told Guterres on Monday that when his current role finishes on Dec. 31 he will resign from the United Nations and “will not be able to take up the position as special envoy for Libya … for personal and family reasons,” U.N. spokesman Stephane Dujarric told reporters.
