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Author: LS

Al-Huwaij discusses the implementation of the decisions of the Ministry of Economy related to internal trade

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Today, Monday, the Minister of Economy and Trade in the Government of National Unity, Mohamed Al-Huwaij, discussed during a meeting with the head of the Municipal Guard, Major General, Rajab Qatusa and the head of the Business Owners’ Council, Rashid Sawan, the mechanism for implementing the Minister’s decision 134 of 2023, regarding the report on the provisions for transporting food commodities and Resolution No. 398 of the year 2023 on regulating the import of goods to ensure consumer safety and protection according to Libyan standard specifications.

Al-Huwaij stressed the need to coordinate with the relevant authorities to follow up on all decisions issued by the ministry.

The meeting was attended by the Director of the Inspection and Consumer Protection Department at the Ministry and the Director of the Internal Control Office at the Food and Drug Control Center.

This was done according to the instructions of the Prime Minister, Abdul Hamid Dbeibeh, regarding organizing the work of the ministries.

Libyan HoR Reveals the Truth Behind its Expenditures Exceeding 800 Million Dinars After CBL Publication

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The official spokesman for the House of Representatives, Abdullah Blehag, confirmed today, Saturday, that what is being published about the financial expenses of the House of Representatives by the Central Bank of Libya through its periodic reports does not concern the House of Representatives only, but includes a number of agencies affiliated with the House, foremost of which are the General Intelligence and the Audit Bureau in the east and west of the country, administrative oversight in the east and west, the National Planning Council and a number of agencies, institutions and councils affiliated to the House of Representatives.

Blehag added that the Central Bank of Libya must mention these bodies affiliated with the House of Representatives and not only mention “the House of Representatives and its affiliated authorities” so that the actual goal of these reports is to achieve transparency as is the title of these reports and not to distort or convey the incomplete truth to the Libyan citizen.

Muhammad Takala Appointed as President of the Supreme Council of the State

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Our source in the Media Office of the High Council of State exclusively revealed about the election of the Office of the Presidency of the Supreme Council, whose presidency was won by Mohamed Takala with the vote of 68 members of the Council, while Khaled Al-Meshri got 63 votes.

The source explained that among the candidates for the presidency of the Council was Naima Al-Hami, who got 4 votes, and Naji Mukhtar, who got 36 votes.

The Italian company Eni cancels the case of force majeure on three exploration assets in Libya

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The Italian company Eni announced today, Thursday, the cancellation of force majeure on three exploration assets in Libya, officially canceling the status of force majeure in exploration areas A, B (onshore), and C (offshore) in Libya, in which the company owns a 42.5% stake.

According to the Italian Nova agency, the force majeure announced in 2014 was canceled after the completion of the security risk assessment by Eni to verify the security conditions in the areas where the exploration program will be implemented, and the assessment yielded positive results.

The agency added that the cancellation of force majeure by the joint company will enable Eni, the operator of sectors A, B and C, to resume the contractually envisaged activities in the exploration basins and those close to the gas stations in the Wafa field.

NOC received an official notification from Eni and BP to lift force majeure and resume exploration activities in Libya

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In its statement, the National Oil Corporation announced that it had received an official notification from the Italian company Eni and British Petroleum regarding the lifting of force majeure and the resumption of exploration activities and contractual obligations in the blocks granted to them in Ghadames Basin (A-B) and offshore block C.

The Oil Corporation confirmed that it had received an official notification from the Algerian Sonatrach company to raise force majeure, resume exploration activities and complete contractual obligations in the blocks granted to it (065 and 96/95) in the Ghadames basin, in response to the invitation of the NOC last December to international companies operating in the fields of oil and gas, with which oil and gas exploration, sharing and production agreements were signed in Libya, to lift the declared force majeure on its part.

In this regard, the Board of Directors of the Corporation renews its call to the rest of the companies that have not begun to lift the state of force majeure in their regions of the need to resume their activities and contractual obligations, stressing that the Corporation will not be negligent in preserving the national interests of the Libyan state to achieve its vision of restoring Libya to its leading and effective role in the field of energy.

Dbeibeh announces the start of implementing other projects in the field of water supply, starting from Sebha

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The Prime Minister of the Government of National Unity, Abdul Hamid Dbeibeh, announced during the opening of the cabinet session in the city of Ghadames today, Thursday, the start of implementing other projects in the field of water supply from Sebha, explaining that the government dealt with the urgent needs of some regions, by digging 160 deep wells, and the implementation of maintenance works and new water extensions in the Nafusa Mountains, and the east and south of the country.

Dbeibeh explained that what his government has achieved so far in the electricity file is not sufficient, stressing its determination to continue work and ensure the stability of the electrical network in parallel with regulating the increasing consumption.

The Prime Minister affirmed that Libya is living today in a different stage of stability, adding that the country was able to replace news of war and destruction with construction and reconstruction, as life returned to all cities and villages, without exception.

Exclusive: CBL begins implementing the salaries for the month of July

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Our source at the Central Bank of Libya revealed today, Wednesday, that the Central Bank has started implementing the salaries for the month of July.

This came after the Ministry of Finance of the Government of National Unity handed over permissions to pay salaries for the month of 7 on the 18th of last month.

Al-Kabeer discusses with the Italian ambassador positive cooperation between the two sides

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The Governor of the Central Bank of Libya, Seddiq Al-Kabeer, met today, Tuesday, with the new Italian Ambassador to Libya, Gianluca Alberini.

The meeting dealt with the exchange of views on issues of common concern and the aspiration for the continuation of positive cooperation between the two sides.

Al-Kabeer Discusses the Situation of Libyan Foreign Bank and Developments in the International Markets

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The Governor of the Central Bank of Libya, Seddiq Al-Kabeer, discussed today, Monday, during a meeting with the Chairman and members of the Management Committee and the General Manager of the Libyan Foreign Bank, the conditions of the foreign bank and follow-up on its performance, developments in international markets, the relationship with correspondents, the closing of the final accounts, and the observations of the Banking and Cash Control Department.

During the meeting, the Management Committee gave its briefing on its strategies to develop the bank’s performance, in the presence of the Director of the Banking and Cash Control Department and the Contributions Unit at the Central Bank.

Hammad, Aguila and the Deputy Governor of CBL Review the 2024 Budget Proposal and Steps to Unify the Bank

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The Prime Minister of the Libyan government, Osama Hammad, met today, Sunday, with the Speaker of the House of Representatives, Aguila Saleh, and Deputy Governor of the Central Bank, Mara’i Al-Barassi.

The attendees were briefed on the proposal for the state’s general budget for the year 2024 and its financing methods, in addition to the role of the government through its ministry in providing services to citizens and supporting the completion of a number of important and vital projects.

For his part, the Deputy Governor of the Central Bank gave a comprehensive briefing on the special steps taken in the policy of unifying the Central Bank in Tripoli and Benghazi, and the work of the two bank administrations to overcome the difficulties in providing services to all citizens, such as opening clearing, providing cash liquidity to citizens, and facilitating the provision of services in all branches of banks operating in the country.