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Author: LS

The conditions of military personnel and military retirement were the main focus of the meeting of Dbeibeh and Shakshak

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The Prime Minister and Minister of Defense, Abdul Hamid Dbeibeh, met today, Thursday, at the headquarters of the Audit Bureau, with the head of the Audit Bureau, Khaled Shakshak, the directors of the Military Accounts Department at the General Staff Presidency, and a number of department directors at the Ministry of Defense.

The General Administration of Military Accounts presented a presentation on the difficulties and problems facing the implementation of military retirement for the institution’s employees, according to the salaries of the unified schedule, given the delay in the settlement between the Social Security Fund and the Ministry of Finance since 2006.

The meeting was attended by the Minister of State for Cabinet Affairs, the directors of the General Department for Sovereign Sector Oversight, and the Office of Legal Affairs at the Audit Bureau.

It agreed on the need to support the members of the military establishment and settle their employment conditions and all retirees, for what they provided in service to this country, and the need to organize the ration and supply file for the military units in terms of prices and preparation, through its implementation through the Supply Department at the Chief of Staff.

Dbeibeh issues a decision to form a committee to prepare a proposal for distributing the development budget for 2023

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Today, Wednesday, the Prime Minister of the Government of National Unity, Abdul Hamid Dbeibeh, formed a committee to prepare a proposal for distributing the development budget for the year 2023.

The issued decision included that the committee take into account in its proposal the priority of the projects being implemented, in a way that ensures their completion, provided that the committee communicates with the concerned authorities and agencies, taking into account local development in accordance with the vision of the Ministry of Local Government.

The concerned committee consisted of 9 members, headed by the Minister of Transportation, his deputy, the Minister of Local Government, the membership of the Minister of Planning, the Advisor to the Governor of the Central Bank of Libya, the Director of the Budget Department at the Ministry of Finance and others.

A source at the Central Bank confirms to our source the procedures for implementing the grant for the wife and children to be added to the accounts of the beneficiaries

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An official source at the Central Bank of Libya revealed today, Thursday, in an exclusive statement to our source, that the bank has started adding a grant for the wife, sons and daughters over the age of 18 in the accounts of the beneficiaries.

Regarding the date for disbursing this grant, the official source confirmed that there is no date yet, and the Central Bank is working in full swing to disburse this grant as soon as possible.

In a previous time, the Prime Minister, Abdul Hamid Dbeibeh, had addressed the Minister of Social Affairs, Wafa Al-Kilani, to quickly disburse the grant three months before Eid Al-Adha.

Al-Manfi and Al-Kabeer discuss the International Monetary Fund’s reports on the Central Bank’s performance in managing the country’s financial affairs

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Today, Thursday, the President of the Presidential Council, Mohamed Al-Manfi, discussed during a meeting with the Governor of the Central Bank of Libya, Seddiq Al-Kabeer, who briefed the Council, about his meetings in Washington with officials of the IMF, and the Fund’s reports on the Central Bank’s performance in managing the country’s financial affairs, in the presence of the Council’s deputy, Musa Al-Kuni.

During the meeting, public spending was followed up. The principle of transparency and disclosure of government expenditures was emphasized, and reports were issued in this regard.

The head of the Bakers Syndicate reveals to our source the Syndicate’s agreement with the Ministry of Economy to set a new price for the loaf of bread and the specified weight for each type

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The head of the Bakers Syndicate, Abu Khris Mohamed, said in a special statement to our source that an agreement was reached with the Ministry of Economy to determine the weights of a loaf of bread, including 80 grams for French bread, a quarter of a dinar, which is equivalent to 4 dinars, and 70 grams for Arabic bread called al-Mhawra, which is equivalent to the price of French bread.

Abu Khris confirmed that he will implement this decision from the date of its issuance and is still under printing, as well as making sure that bakeries adhere to health and technical requirements, adhere to the loaf specifications, workers’ certificates, health certificates, and general hygiene.

The Syndicate head explained that flour prices are an issue that merchants control according to supply and demand, as flour prices will be reviewed every three months. So that if there is a decrease in the price of flour, the weight of the loaf will increase, and if it increases, the size of the loaf will decrease.

Abu Khris added that the Operations Room of the Ministry of Economy was formed, headed by the Consumer Protection Department, with membership in the General Syndicate of Bakeries and the Municipal Guard.

The Extraordinary Oil Budget Follow-up Committee is following up on the results of the recommendations of the fourth meeting of the Supreme Council for Energy Affairs

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The Follow-up Committee for the Extraordinary Oil Budget met today, Wednesday, to follow up on the results of the recommendations of the fourth meeting of the Supreme Council for Energy Affairs, with the participation of the Chairman of the Management Committee of the National Oil Corporation, Farhat Ben Gdara, and the Minister of Transportation, Mohamed Al-Shahoubi.

During the meeting, the implementation of the budget during the first half of this year was followed up according to programmes, projects, and technical and financial data. The file of the existing obligations of the institution and its subsidiaries was also discussed, according to the observations of the Audit Bureau committees and the implementation rate.

The meeting stressed the need to disclose the expenditures related to the NOC during the first half, in accordance with the recommendations of the Supreme Council for Energy Affairs.

The meeting concluded with an introduction to the National Oil Corporation’s plan for the second half of this year, and the necessary financial flows to ensure the continuation of the development and development projects approved by the plan, in order to reach higher production rates.

Shakshak discusses with the House of Representatives’ members the strategic plan of the Audit Bureau’s work

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The head of the Audit Bureau, Khaled Shakshak, discussed during a meeting today, Wednesday, with a number of members of the House of Representatives, the strategic plan for the Bureau’s work, and discussed complementarity in the oversight work between the Bureau and the House of Representatives.

The meeting dealt with the Audit Bureau’s work mechanisms and oversight procedures related to some important files, especially those related to the health and energy sectors and infrastructure projects, and the oversight impact on these procedures.

Bank ABC headed by Seddiq Al-Kabeer wins three awards at the Bonds, Loans and Sukuk Middle East Awards

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Bank ABC, whose board of directors is chaired by Sediq Al-Kabeer, Governor of the Central Bank of Libya, won three awards at the Middle East Bonds, Loans and Sukuk Awards Conference that was held in Dubai last weekend.

The BLS Awards Program in the Middle East honors the most innovative and pioneering deals in the region, and Bank ABC stood out this year for the prominent role it played in completing a number of distinguished deals in the fields of aircraft, metals and mining.

The Head of the Treasury and Capital Markets Department of the “ABC” expressed the happiness and gratitude of the bank’s officials for winning these awards, which are evidence of the innovative model followed by the bank in financing, as well as a testament to the bank’s commitment to its customers.

It is noteworthy that Bank ABC is an Arab bank based in Bahrain, founded in 1980 by the governments of Libya, Bahrain and the UAE, with a capital of one billion dollars, and has branches in Libya, Bahrain, the Emirates, Egypt, Tunisia, Algeria, Iraq, Lebanon and Jordan. At the end of 2010 the Central Bank of Libya acquired the shares of the Abu Dhabi Investment Authority in Corporation, amounting to 17.72%, which raised Libya’s share in Bank ABC to 59.37%.

Dbeibeh discusses the National Oil Corporation’s plan to increase production

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Today, Tuesday, the Prime Minister and Chairman of the Supreme Council for Energy Affairs, chaired by Abdul Hamid Dbeibeh, discussed the National Oil Corporation’s plan to increase oil and gas production, and reviewed ongoing projects in subsidiaries and international partnerships with global expertise in gas exploration, alternative energy, and fighting carbon emissions, in the presence of all members, and with the participation of the Committee to follow up the implementation of the extraordinary budget of the National Oil Corporation.

Dbeibeh praised the efforts of workers in the oil sector to revive a number of stalled projects implemented through local competencies, the most important of which are the maintenance of the Mellitah complex, and the operation of the Ras Lanuf complex that has been suspended for years.

The meeting agreed on the need to unite efforts with all state institutions in the oil and gas sector, in order to increase oil and gas production, and to develop cooperation and partnership with international companies in this field to transfer expertise and qualify local cadres, and the need to increase disclosure and transparency of all operational and catering expenses.

The need to activate the work of the International Audit Office contracted by the Audit Bureau to review the expenditures of the National Oil Corporation during the past years was emphasized.

Al-Abed to “Flusna”: “Launching a campaign to establish a duality between the public and private sectors targets private project owners to prevent competition with those who are seeking employment.”

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The Minister of Labor and Rehabilitation in the Government of National Unity, Ali Al-Abed, said during his hosting of “Flusna” program, which is broadcast on the Tabadul TV and WTV, presented by the journalist Ahmed Al-Sanussi, that the launch of a campaign of duality between the public and private sectors came to limit those who are the owners of projects, factories and shops. 

It is not reasonable that everyone who owns a private property for a number of shops and holds a government position, pointing out that the owner of this activity must not crowd out the job seeker in the country from the first chapter, so whoever works in the country must be necessary to be disciplined, especially after amending the salary schedule the consolidated.

He continued about the salary scale, where he clarified that the increase in salaries does not imply that those receiving them are not fulfilling their duties due to having private work. He added that the campaign is currently targeting commercial project owners, based on the Ministry’s access to records and commercial licenses, where irregularities were found. He explained that employees in the private sector are expected to have a work contract with their employer, whether it’s in a store or elsewhere, and this contract should be authenticated by the Ministry of Labor to ensure their rights are protected.

Al-Abed confirmed that Law No. 12 of 2010 strictly forbids combining two jobs, adding that regulating the labor market has become a necessary duty to determine the economy and the number of unemployment. A system is also being established to calculate labor economies from unemployment, budget, GDP and performance rate, commenting on the average performance of the administrative authorities of the state, where he mentioned that the employees did not come to work.

Al-Abed also added that through the inspection plan carried out by the Ministry of Labor in the areas of Al-Andalus, Ben Ashour, Jaraba, Benghazi Center, Misrata and Sebha, it was discovered that there were stores worth millions owned by individuals. This is why the Ministry initiated this duality campaign.

Al-Abed confirmed that the reports issued by international organizations, which say that the unemployment rate in Libya is 18%, are incorrect.