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Author: LS

Misrata Airport will not reopen , a source confirms

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 The member of the Information Office at Misrata International Airport Sliman Al-Jehmi has denied Monday to Sada Economic Newspaper the news circulated on social media pages about the reopening of Misrata airport for flights by Sunday 27 June only for departing passengers.

Media outlets spread rumors on social media claiming that Libya’s Airports Authority announced that Misrata airport will reopen for flights by Sunday 26 June at the latest but only for departing passengers, adding that no incoming passengers will be allowed.

Central Bank of Libya issues a report covering 2017 financial stability

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The Central Bank of Libya in Benghazi issued a detailed report concerning 2017 financial stability via the Bank’s Financial Stability Broad.

The report extensively covered the General State Budget, the balance of payments, the exchange rate, the general price level, as well as the development of the macroprudential regulation and systemic risk chapter with a diagnosis of the country’s financial stability.

The report of the Financial Stability Broad is based on data from the Central Bank of Tripoli and Benghazi, as well as sources of local, regional and international institutions.

The report also highlighted the domestic economy, banking sector and liquidity, as well as the state’s public finances and non-bank financial institutions during that period.

The report was divided into ten chapters, the first of which dealt with local economic developments, including the oil sector, inflation, financial and monetary policy, in addition to foreign trade, public debt, private sector and financial sector.

The second chapter covered the developments of the banking sector, its structure, quality indicators, efficiency and profitability, while the third chapter underlined the financial developments that had taken place during that period.

Chapter Four of the report examined banking supervision and its role in maintaining financial stability, while chapters Five and Six dealt with the developments in the banking sector and financial coverage.

Chapter Seven was allocated to the letters of credit system within the domestic market, while chapter Eight covered the analysis of the operational efficiency of the banking sector. Chapter Nine dealt with non-bank financial institutions.

In the last two Chapters, the report focused on macroprudential regulation, systemic risk, as well as on the state’s financial stability during the same period.

“Security situation around oil facilities in the Gulf of Sirte is deteriorating”

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The National Oil Corporation (NOC) has expressed deep concerns at the serious deterioration in the security situation in areas surrounding oil facilities in the Gulf of Sirte.

NOC said in a statement that violent clashes took place over the past 48 hours in the Brega region, only hundreds of meters away from oil tanks.

“The warring groups exchanged gunfire using medium-sized, 23mm-caliber firearms and rocket-propelled grenades (RPGs), which reflects the lack of responsibility and military discipline among these armed groups, whose actions jeopardize oil facilities and threaten the safety of NOC workers as well the residents in the surrounding areas,” read the statement.

NOC called for an end to the militarization of its installations and the restructuring of security arrangements in oil regions to be under the protection of a professional, disciplined and independent security force.

Latest update of COVID-19 infections in Libya

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The number of COVID-19 infections in Libya has risen to 1980, with 1490active cases.

 The National Center for Disease Control analyzed on Sunday, July 19, 1179 blood samples. The center confirmed that 1065 samples have tested negative for Covid-19 and 114 samples tested positive.

NCDC also confirmed the recovery of 23 patients, raising the number of recoveries to 441.

The death toll of Covid-19 has risen to 49 after the registration of 1 death in Tripoli.

Mohsen Drija: “all decisions in Libya have become centralized”

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During a televised interview for Libyan WTV channel and Tabadul Platform, the economic analyst Mohsen Drija said that the concept of centralization is intended to concentrate decision authority and its procedures, whether planning, implementing or funding, in a specific place within the institution and within the governance system.

“The supreme authority is the only body concerned with decision-making authority, which means that other parties have no capacity to act without consulting the highest authority. In some central management systems, centralization is a way of controlling the proceedings.”

“Through centralized planning, centralized financing, all decisions have become centralized.” Said

Medical supplies to face Covid-19 arrive in Libya

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The Ministry of Health announced the arrival of two planes carrying medical supplies at Misurata International Airport, which will be delivered to the Biotechnology Research Center in Tripoli, 

According to a statement issued by the Ministry, the cargo has arrived from Schiphol Airport in Amsterdam containing (28800) SARS COV2 tests used to diagnose cases that suffer from symptoms that are compatible with the emerging coronavirus, in addition to five mini centrifuges and filter tips.

New board of directors appointed in Libya’s GECOL

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The General Assembly of the General Electricity Company of Libya (GECOL) sacked the board of directors and appointed a new one in a meeting chaired by the Head of the Presidential Council Fayez Al-Sarraj on Sunday.

The new board of directors include Abdelsalam Al-Ansari, Wiam Al-Abdali, Radwan Khalil, Majdi Soluiman, Abdelhakim Al-Ferjani, Al-Bashir Al-Taher, Mohammed Ashour, and Mohammed Al-Sharif after setting criteria for this selection in a previous GECOL meeting.

It will be recalled that the GECOL board has been under great pressure to sack its chairman and chief executive. Last week there was a demonstration outside Faiez Serraj’s office against GECOL.

Libya to raise the number of Covid-19 tests

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The Ministry of Health announced that it will raise the number of daily laboratory tests conducted for the Coronavirus up to 5,000 per day, after a shipment of medical equipment including 15 PCR devices is expected to arrive within the coming weeks.

The new established laboratories will receive the equipment and devices, after medical teams at these facilities complete their training course, said the ministry.

Algeria receives UN envoy to Libya, renewing its call for a political solution

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 In a statement issued by the Presidency of the Algerian Republic, following his reception of the Head of the United Nations Support Mission in Libya (UNSMIL), Stephanie Williams, who is presently visiting Algeria, the Algerian President Abdelmadjid Tebboune renewed his country’s call for a political solution to the crisis in Libya, saying “it is the only way to move forward.”

 The Acting SRSG thanked Algeria for its role in reaching out to all Libyan parties to urge an end to the violence and appreciated Algeria’s support for the speedy resumption of a Libyan-led political process under UN auspices. 

Noting the alarming mobilization of forces around Sirte, she called for an immediate ceasefire under the umbrella of the 5+5 joint military talks in order to spare the 125,000 civilians who remain in harm’s way and for an end to the blatant violations of the UN arms embargo.

Abdul Bari Shinbaru :”we must move faster to decentralization”

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 Undersecretary of the Ministry of Local Government, Abdul Bari Shinbaru claimed during a televised interview for Libyan WTV channel and Tabadul Platform that the provinces are an inherent jurisdiction of the GNA’s House of Representatives (HoR), and consequently, the Government of National Accord will not be able to carry on any division in the name of the provinces because it falls under the prerogatives of the legislative power.

“With regard to what Libya has been going through, we must move more quickly to decentralization.” said Shinbaru.

“The act N. 59 is explicit and gives flexibility in that municipalities have the right to exercise these powers. We have been tied up by this law as it implicates huge problems.” he added.

“The 10 percent is no longer usable, and the Act N.59 no longer meets the purpose of assessing the institutional performance of municipalities, but we can go beyond this by applying a regime of transparency and designing a portal where all decisions would be monitored.” the Undersecretary stressed.

He also confirmed that the ministry is about to launch a Web-based Transparency Portal in partnership with Al-Madar company, so that all citizens and decision-makers can consult any municipality.

As far as the revenues are concerned, Shinbaru called for breaking free from financing local projects, confirming that it is necessary that the municipality announces the citizen’s needs and negotiates with the central authority about the needed budgets.