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Bashagha discusses the mechanism of work to support the 5 + 5 committee in its work to unify the military establishment

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Today, Monday, the Libyan Prime Minister, Fathi Bashagha, discussed, during a meeting with the Minister of Defense, Ahmed Houma, the mechanism of action to support the 5 + 5 committee in its work to unify the military establishment, the continuation of the ceasefire, and the Ministry of Defense’s action plan for the year 2023.

Bashagha stressed the development of a plan to secure the south, repair military educational facilities there, and joint coordination and exchange of reports and security information between the Ministry of Defense and the relevant agencies and their departments, to enhance security cooperation at the ports, tighten control, and review the border security plan.

Al-Mangoush: “We affirm our full support for the State of Turkey, and we will allocate 50 million dollars to contribute to the reconstruction of the cities in southern Turkey affected by the earthquake”

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The Minister of Foreign Affairs of the Government of National Unity, Najla Al-Mangoush, confirmed during her meeting today, Monday, with her Turkish counterpart, Mevlüt Çavuşoğlu, in the Turkish capital, Ankara, that the Libyan government will allocate $50 million as a first payment to contribute to the reconstruction of the cities in southern Turkey affected by the earthquake.

In her speech during the press conference with her Turkish counterpart, Al-Mangoush expressed her deep condolences to the people and the Turkish government for the victims of the devastating earthquake that affected several cities in southern Turkey and Syria, stressing the solidarity and support of the Libyan government and people with the brothers of the Libyan people in Turkey and Syria to overcome this ordeal.

Al-Barghouthi participates in the work of the Fifth Conference of the Arab Parliament and the heads of Arab councils and parliaments

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A member of the House of Representatives, a member of the Arab Parliament, Hassan Al-Barghouthi, participated on Saturday at the headquarters of the League of Arab States in Cairo, representing the Speaker of the House of Representatives, Aguila Saleh, in the work of the Fifth Conference of the Arab Parliament and the heads of Arab councils and parliaments.

Al-Barghouthi stressed that the situation of Arab food security in light of the increasing rates of the food gap requires taking a set of effective policies to build a social economic system that addresses the shortcomings of developing agricultural production to address the food deficit, indicating that food security in Arab countries requires a qualitative shift to pay attention to the agricultural sector and give it priority. in government economic programmes.

The Fifth Conference of the Arab Parliament issued its final statement in which it approved the document prepared by the Arab Parliament under the title “Parliamentary Vision to Enhance Arab Food Security” and included the challenges facing Arab food security, as well as parliamentary recommendations that contribute to addressing this problem, including the creation of an advanced legislative structure for a system Food through the sustainability and localization of technology and application of the concept of smart agriculture and governance of water resources management in addition to strengthening parliamentary diplomacy in resolving crises and conflicts in the Arab region.

It is noteworthy that the document approved by the Fifth Conference of the Arab Parliament and the heads of Arab councils and parliaments will be submitted to the Arab Economic and Social Development Summit to be held in the State of Mauritania.

The Ministry of Oil confirms that the value of what was agreed upon with the Italian company Eni in 2008 exceeds $27 billion.

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The Ministry of Oil and Gas revealed, in a statement on its official Facebook page, on Sunday, through confirmed documentary sources, that the value of what was agreed upon with the Italian company Eni in 2008 exceeds $27 billion, through the schedule and programs of development projects for the contract area MN41 and some The other pieces. The agreement includes the development of all 9 undeveloped gas discoveries, the study of establishing a gas liquefaction plant in Mellitah, and the development of a number of onshore oil and gas discoveries in the south and east of Libya, and exploratory programs.

The Ministry of Oil and Gas confirmed that the agreement in 2008 contained multiple projects with a value exceeding what was announced by the National Oil Corporation a few days ago, which indicated that the investment value, which is $8 billion, had not been concluded for 25 years, explaining that the amount of $8 billion It will be divided equally between the National Oil Corporation and the Italian company Eni.

Banking Control Department at the Central Bank: “The UAE leads the countries benefiting from banks’ requests to cover credits and remittances, with a value exceeding $443 million”

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The Banking and Cash Control Department at the Central Bank of Libya revealed to our source on Saturday, that it had published the full and amended report issued on banks’ uses of foreign exchange during January of the current year 2023, in which it indicated that the UAE leads the countries benefiting from banks’ requests to cover credits and remittances, with a value that exceeded 443 million dollars, followed by Turkey with 81 million dollars, then South Korea, China, Switzerland, Tunisia and Italy.

The report issued by the Central Bank Research Department added that the total documentary credits that were implemented during the month of January only of this year amounted to 914 million dollars, equivalent to 4.4 billion dinars, while the total foreign exchange for personal purposes exceeded 593 million dollars, equivalent to 2.8 billion dinars.

The amended report of the Central Bank of Libya indicated that goods and services of Turkish origin ranked first in foreign exchange purchase requests accepted by banks during January of this year, with a value of about $218 million, followed by imports of goods or services of Egyptian origin with about $175 million, then China, South Korea, Tunisia and Russia.

Bank ABC, headed by Seddiq Al-Kabeer, announces that it achieved profits during the past year that amounted to 154 million dollars

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The Arab Banking Corporation, Bank ABC, whose board of directors is chaired by the Governor of the Central Bank of Libya, Seddiq Al-Kabeer, announced in a statement today, Sunday, that it achieved net profits amounting to 154 million US dollars, a growth of 54% compared to last year.

Bank ABC stated that the net profits attributable to the shareholders of the parent company amounted to about 154 million dollars, a growth of 54% compared to 2021, as the group achieved net profits amounting to 100 million dollars, indicating that the total operating income exceeded the historical barrier of one billion dollars in 2022. 

He added that the bank’s operating income increased on an adjusted basis significantly by 29%, supported by growth in all major markets and a beneficial interest rate environment, in addition to integrating the financial results of “Blom Bank Egypt” for the full year, and the group continued to pump investments in its strategic digital initiatives to build a “bank for the future”.

Commenting on the bank statement, the Chairman of its Board of Directors, Seddiq Al-Kabeer, said that the group achieved outstanding and unprecedented results in 2022, with revenues exceeding one billion dollars, and it was able to build on the successes of the previous year, which in turn led to an increase in net profits for shareholders by 54%.

He continued, saying that the bank is looking forward to continuing the strong performance during the year 2023, while being cautious at the same time of adverse effects such as difficult financial conditions, the ongoing war in Europe and price inflation, stressing that the bank’s management is confident in its ability to continue benefiting from its investments to continue accelerating profitable growth during current year.

It is worth noting 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 is following up the plans of the Man-made River Authority to maintain a number of wells and increase productivity to 2 million cubic meters

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The head of the government of national unity, Abdul Hamid Dbeibeh, followed up, during his meeting today, Sunday, with the Administrative Committee of the Man-made River Authority, the plans to maintain a number of wells in the areas of al-Hasawneh, Al-Sarir, and Tazerbu, and to increase productivity to two million cubic meters.

The meeting, which was attended by the Chairman of the Board of Directors of the General Company for Water and Wastewater and the head of the Agency for the Implementation of Housing and Utilities Projects, was devoted to following up on the agency’s plan to maintain 147 idle wells in the Al-Hasawneh area, and to implement the “Ghadames-Zuwara-Zawiya” water supply project, which feeds more than 27 cities and regions, as well as Monitoring the production of the “Al-Sarir-Tazerbu-Benghazi” wells, through which the productivity will be increased to 2 million cubic meters compared to the current production, which currently amounts to 1,100,000 cubic meters.

During the meeting, the security plan implemented by the Law Enforcement Department was followed up in coordination with the agency, which contributed to limiting abuses and malfunctions in the system. It was agreed to hold another meeting to present the agency’s plan in the presence of the relevant authorities and to adopt the action plan for the year 2023.

The LPTIC held a meeting with the National Oil Corporation to provide the best services for oil field workers

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The Director General of the Libyan Post Telecommunications & Information Technology Company, Rajab bin Rajab, met today, Sunday, with the National Oil Corporation, where the meeting discussed the progress of the work of connecting the oil fields to the next generation network, and what has been accomplished in this aspect, in addition to the work plan for the rest of the fields, including lines of protection for the paths, which are expected to be completed during next April.

The meeting also discussed technical issues related to the quality of providing services in the fields, and maintaining the guarantee of continuity of service with high quality.

Al-Shahoubi inaugurates the Al-Sha’ab dock station in the Tripoli sea port

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The Minister of Transportation of the Government of National Unity, Mohamed Al-Shahoubi, inaugurated today, Sunday, the Al-Sha’ab dock station in the Tripoli sea port, expressing his thanks to all the competent authorities that contributed to the success of this event after a hiatus of more than 11 years.

Al-Shahoubi said in his speech on the occasion that the inauguration of the port of Al-Sha’ab came after several meetings held in the past and the directives of the Prime Minister and his keenness to provide the best services to the citizen regarding the management of maritime lines, and the start will be from the sea port of Zarzis and then the ports of Sfax and La Goulette, as will be done during the period The upcoming launch of several cruises to a number of neighboring countries.

The inauguration was attended by the Undersecretaries of the Ministry of Communications, Khaled Souissi, and Fadlallah Rafallah Ashour, the Undersecretaries of the Ministries of Interior and Foreign Affairs, the Head of the Ports Authority, the Dean of the Municipality of Tripoli Center, the Head of the Customs Authority, the Head of the Passports Authority, the Tunisian Ambassador to Libya, Lassaad Al-Ajili, and a number of officials and guests.

Al-Abed signs an agreement with Al-Madar Company, aiming to create “Wafed package” for foreign workers

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Today, Thursday, the Minister of Labor and Rehabilitation, Ali Al-Abed, signed an agreement with Al-Madar Al-Jadeed Company, stipulating that the company allocate a package called “Wafed package”, through which foreign workers will be provided with communication services.

Based on this agreement, the company will grant the foreign worker the phone number from the package upon his registration on the “Wafed” platform and give him a SIM upon his arrival in Libya, through the service centers, explaining the agreement that this service will help in counting the workers in an organized manner, and forming a database about them that can be consulted to her.

In addition, this agreement, which was signed between the Ministry of Labor and Al-Madar Al-Jadid Company, stipulates that the company will allocate a central number for communication, inquiries, and sending messages of guidance and awareness since the entry of the foreign worker into Libya, and enabling him to send requests for complaints and services.