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An emergency room to monitor the availability of basic goods prepares a proposal that presents urgently to the Minister of Economy to issue a decision on setting prices for goods, especially meat and eggs

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Members of the emergency room to monitor the availability of basic goods agreed during their fourth meeting, headed by the head of the municipal guard device, Rajab Gatoussa, to prepare an urgent proposal to be presented to the Minister of Economy and Trade in the National Unity Government, Mohamed Al-Huwaij, to issue a decision to determine prices for important goods so that regulatory authorities can enforce them and prevent violators, especially in the prices of meat and eggs.

The pricing for national lamb and eggs will be as follows: the price of a kilo of lamb less than 6 months old will be 50 dinars, a kilo of lamb between 6 months and 1 year will be 40 dinars, and the price of lamb over 1 year will be 30 dinars. As for the price of 30 eggs, it will be 12 dinars.

These prices are an urgent step to control pricing to ensure the availability of goods and protect consumers. Violators and speculators will be controlled within the framework of regulating the local market to achieve stability and food security for citizens.

The meeting was attended by the Director of Internal Trade Administration at the Ministry, Mustafa Gdara, the Director of the Office of the Minister of Economy and Trade, Fawzi Wadi, the Director of the Security Affairs Department at the Internal Security Apparatus, Jalal Al-Qalali, the Director of the Food and Drug Control Center in Tripoli Branch, Shaaban Saleh, the Director of the Food Control Administration at the Food and Drug Control Center, Abdulmajid Suleiman, the Ministry of Labor representative, Salem Abushnaf, the head of the Marketing Department at the Ministry, Salem Al-Anqar, and the committee rapporteur, Nasreddin Kandir.

This came in implementation of the decision of the Prime Minister of the National Unity Government, Abdul Hamid Dbeibeh, No. 107 for the year 2023 to form an emergency room to monitor the availability of basic goods.

During the “Reality of the Libyan Economy” seminar, economic experts emphasized the importance of continuing to increase disclosure and transparency rates, and breaking free from the rentier economy

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The economic experts emphasized during the “Reality of the Libyan Economy” seminar, held as part of the 2023 Ramadan Cultural Season in the Old City of Tripoli, the importance of continuing to increase disclosure rates, transparency, and freeing the economy from rentierism.

The seminar was attended by a number of economic analysts and experts, as well as the Minister of Economy of the National Unity Government. Discussions centered on the relationship between the Central Bank of Libya and the International Monetary Fund, including consultations on Article IV, attended by various government ministries. The recommendations focused on the need to increase disclosure and transparency rates, diversify income sources, stabilize the exchange rate, and ensure fiscal sustainability.

The attendees also discussed the key stages that accompanied the change in the Libyan dinar exchange rate, as well as the monetary policy development and general inflation treatment. They also discussed how to better distribute government support to citizens and agreed on the importance of harmony between the state’s financial, monetary, and economic institutions.

During his intervention, the Minister of Economy of the Government of National Unity, Suhail Abusheeha, affirmed the importance of continuing to raise disclosure and transparency rates and freeing the economy from rentierism. He noted that the Central Bank of Libya alone led the stage over the past ten years and did what was required of it, despite other entities in the state serving against the Libyan economy. He pointed out that previous governments took measures that hindered the Central Bank’s reform steps, and that the Bank maintained balances and alone bore the economic obstacles by taking measures that contributed to Libya not being able to borrow from the World Bank.

Meanwhile, the Director-General of the National Economic Development Council, Mahmoud Al-Fitisi, praised the role of the Central Bank of Libya in bringing us to this stage, despite the lack of coherence between some entities. He emphasized that the economy is now in trustworthy hands, with the presence of young talents.

The Advisor to the Governor of CBL: A rentier economy reliant on a single source of income is a “cursed economy” that kills everything

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Mustafa Al-Manae, an advisor to the governor of the Central Bank of Libya, stated that an economy reliant on a single source of income, which is oil in the case of Libya, is a cursed economic system that kills everything and leads to real concentration of risks.

Al-Manae explained that all of Libya today is focused on one sector, which is oil, and when prices and production increase, things are good, but as soon as oil prices or production decrease, the situation deteriorates, and therefore we are facing a dangerous economy.

He also added that this rentier economy has other side effects, including the fact that it is discouraging to the educational process and is a killer of ambitions, with the state leading everything, and on the other hand, this economy is a killer of civil society and a destroyer of transparency.

Dbeibeh follows up on the Ministry of Agriculture’s procedures to provide feed for breeders and supply fertilizers, medicines, and pesticides to farmers

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The Prime Minister of the National Unity Government, Abdul Hamid Dbeibeh, accompanied by the Minister of Economy and Trade, Suhail Abusheeha, today Thursday, during a visit to the Ministry of Agriculture and Animal Wealth, followed up on the ministry’s conditions and its plan for 2023 and the procedures taken by the ministry to provide feed for breeders, and supply fertilizers, medicines, and pesticides to farmers.

During his visit, the ministry’s plan to activate agricultural projects and involve the private sector in these projects was discussed, as well as the role of the Libyan Fertilizer Company in providing urea to farmers.

Dbeibeh stressed the importance of focusing on activating agricultural projects and taking care of them, and cooperating with the private sector to achieve self-sufficiency in basic items, and providing the needs of the agricultural police to perform their role in protecting agricultural lands.

It was agreed to increase the quantity allocated to the Ministry of Agriculture from urea to cover local needs, and to begin actual support for feed to breeders and provide all facilities for them, as well as start procedures to provide fertilizers, medicines, and pesticides.

According to the media office of our government platform, the Deputy Prime Minister and Minister of Agriculture, Hussein Al-Qatrani, received Dbeibeh and during this visit, an expanded meeting was held with the directors of offices and entities affiliated with the ministry in the presence of the Minister of State for Council of Ministers’ Affairs and the ministry’s deputies.

Al-Hanish leads the Libyan delegation participating in the fifth ministerial meeting of the COMESA, EAC, and SADC tripartite communities

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Saad Al-Hanish, the Deputy Minister of Economy and Trade for Economic Affairs in the National Unity Government, led the Libyan delegation to the fifth ministerial meeting of the COMESA, EAC, and SADC tripartite communities, which was held via video technology on Wednesday.

The meeting reviewed reports from the sixth, seventh, eighth, and ninth meetings of the sectoral tripartite ministerial committee concerned with trade, customs, financial and economic affairs, and internal affairs.

Al-Hanish emphasized the economic importance of this tripartite group in developing trade exchanges between member states and supporting innovative ideas, calling on the General Secretariat of the tripartite blocs to approve Libya’s request to host the General Secretariat headquarters and to support local and international efforts to achieve political and economic stability in the country.

The main offers of telecommunications companies on the occasion of the month of Ramadan

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Yesterday, Wednesday, the telecom companies “LTT, Al-Madar and Libyana” announced their offers on the occasion of the holy month of Ramadan, which include internet packages at reduced prices and larger shares.

Libya Telecom and Technology Company announced its offer on the occasion of the month of Ramadan, which included doubling the internet packages at a value of 10 dinars only for all packages, with the condition that there is an activated basic package, and the offer includes subscribers of “ADSL”, “4G” and “Fiber”.

As for Al-Madar Al-Jadeed, it presented three offers on the occasion of the holy month, which included a daily package for 2 dinars, a weekly package for 8 dinars and a share of 10 gigabytes, and a third monthly package with a value of 50 dinars and a share of up to 100 gigabytes at high speed.

For its part, Libyana presented the “Net til the Morning” offer outside peak times from 7 am to 2 pm, in addition to the new “Net for All Extra” packages, which allow browsing social media platforms with the “Extra Social” and “Extra Stream” packages.

Saeed provides cash liquidity in Jumhouria Bank in all its branches, with a withdrawal ceiling of 800 dinars per day and 5000 per month

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The director of the media office at Jumhouria Bank, Mohamed Saeed, confirmed the availability of cash in the bank in all its branches, with the possibility of withdrawing from all existing ATMs, with a ceiling of 800 dinars per day and 5000 per month.

Saeed explained that he reassures the citizens, calling on them not to rush into the bank’s branches, as the liquidity is sufficiently available.

Saeed stated that the working hours during the month of Ramadan are from 10:30 am to 2:00 pm.

The NOC discusses, during its participation in the meeting of the fourth session of the executive directors of the APPO Countries, the establishment of an African energy bank

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The National Oil Corporation participated today, Tuesday in Algeria, in the meeting of the fourth session of the executive directors of the African Organization of Petrol Producing Countries, to discuss the establishment of an African energy bank, with the purpose of financing investments in the field of oil and gas, opportunities for cooperation between member states and the future of the oil and gas industry in the African continent, as well as research For solutions to various challenges facing the industry.

The Chairman of the National Oil Council, Ben Gdara, spoke in a telephone conversation with the Executive Director of Sonatrach, Tawfiq Hakkar, and the Secretary General of the Organization of African Petrol Producing Countries, Omar Farouk, to exchange views and discuss cooperation between the two sides, and urged the company to lift force majeure and resume its exploration activity. According to the program stipulated in the EPSA 4.

According to the information office of the National Oil Company, 15 African delegations representing the National Oil Corporations in Africa, namely the “Republic of the Congo”, Benin, Chad, Ivory Coast, Sonahidok, Senegal, Cameroon, Equatorial Guinea, Nigeria, South Africa, Ghana, and Angola participated in this meeting.

It is indicated that the African Petroleum Producers Organization, which was established on January 27, 1987, in Lagos, Nigeria, is a space for meetings, exchange of ideas, cooperation and exchange of expertise and experiences among members within the framework of a unified continental cooperation.

In the presence of Dbeibeh, the General Assembly of the LPTIC will hold its first regular meeting for the year 2023

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Today, Tuesday, the General Assembly of the Libyan Post, Telecommunications and Information Technology Holding Company, chaired by the Prime Minister of the Government of National Unity, Abdul Hamid Dbeibeh, held its first regular meeting for the year 2023.

The meeting, which was attended by members of the General Assembly, the chairman and members of the management committee, and members of the control body of the company, was devoted to following up the results of the company’s final collective accounts and tax assessment, approving the estimated budget and presenting the report of the Audit Bureau and the control authority.

During the meeting, Dbeibeh stressed the need to complete the technical projects launched in a number of regions with the aim of developing the public communications network and giving it priority, and the need for digital transformation in all sectors to be a primary goal in the current year’s plan.

Bashagha is following up the progress of the work of the local market prices monitoring committee

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The Libyan Prime Minister, Minister of Economy and Trade in charge of the government, Fathi Bashagha, followed up, during his meeting today, Monday, at the Prime Minister’s Office in Sirte, with the chairman and members of the Local Market Prices Monitoring Committee, the progress of the committee’s work and its previous meetings in monitoring prices.

The committee attributed the reason for the price discrepancy to the decisions of the Government of National Unity and the exploitation of its control over some municipalities by force and the monopoly of opening documentary credits to certain companies, which led to speculation in the prices of monopolized commodities, and the weak effectiveness of control by the competent agencies.

During the meeting, Bashagha stressed the importance of the committee’s work in monitoring the local market, stressing the need to reactivate the economy controls and to play an effective and supervisory role and communicate with the internal trade offices and the price unit in the controls.

The members of the committee presented some solutions that will contribute to lower prices, including the proposal to adopt the ration card for low-income people, reduce some customs duties for the prices of necessary commodities, and reactivate the itinerant license card.

Bashagha instructed the head of the Municipal Guard and the observers to start immediately following up on the prices in the local market and apprehending violators to limit the rise in some commodities. He also received all the proposals from the committee and instructed the specialists to study them.