The Governor of the Central Bank of Libya, Seddiq Al-Kabeer, agreed today, Thursday, with the US Federal Reserve, to enhance cooperation efforts in the field of investment and capacity building, and aspects of joint cooperation in the field of investment and efforts to combat money laundering and terrorist financing.
This came to find out the latest developments in the international financial markets and their future prospects in light of the rise in energy prices, inflation rates and interest rates.
Today, Thursday, the Minister of Finance, Khaled Al-Mabrouk, discussed with the Minister of Finance of the Republic of Seychelles the annual issue of the loan granted to Seychelles during the eighties of the last century, and the mechanism for settling the outstanding balance of this loan.
It was agreed that the Republic of Seychelles would pay the balance of the loan amounting to 4.5 million US dollars within a maximum period of one year from the date of signing the settlement agreement, which was decided to be signed before the end of this month.
Today, Thursday, the Prime Minister of the Government of National Unity, Abdul Hamid Dbeibeh, met with the Chief of General Staff, Lieutenant-General, Mohamed Al-Haddad, and the Minister of Interior in charge, Badreddine Al-Toumi, to follow up the actions taken regarding the migrant incident that took place in the city of Sabratha, and the security and military situation in it.
Al-Toumi explained that two accused of this crime were arrested, and work continued to investigate them and prosecute the rest of the criminals, and to follow up on the work of the joint security room and its plans to identify smuggling locations on the west coast.
The Minister of Economy and Trade in the Government of National Unity, Mohamed Al-Huwaij, discussed with the Chargé d’Affairs of the Japanese Embassy in the State of Libya, Masaki, the mechanism of resuming the work of Japanese companies in the State of Libya, and encouraging the work of the Embassy of Japan from its headquarters in the capital, Tripoli.
Al-Huwaij affirmed that all necessary facilities are provided for companies and foreign investors to work in all regions and implement investment projects in the sectors of economy, industry, oil, gas and solar energy, agreeing with the other side to prepare a memorandum of understanding that includes the establishment of the Libyan-Japanese Businessmen Council, increasing the volume and diversifying investments, exchanging experiences and implementing programs of training in the small and medium enterprises sector.
The Chargé d’Affairs of the Libyan Embassy in Ukraine, Adel Bin Issa, told our source channel regarding the Public Prosecution’s order to imprison three former heads of the Libyan mission to Ukraine on charges of infringing on the allocations for providing medical service and the allocations for sending to study in Ukraine.
Ben Issa, who assumed his duties as Chargé d’Affairs at the Libyan Embassy in Ukraine at the end of the year 2020, said: “We respect the decisions of the Attorney General’s Office and there is no authority over the judiciary. We are not in a hurry to judge colleagues, especially since the Attorney General’s Office mentioned that detention is precautionary and that facts and questionnaires may appear that justify the act, if any,” noting that “like any head of mission who receives his duties, we will look forward, not backward, and we will benefit from the mistakes of those who preceded us in the job. We are all subject to questioning and interrogation by the judicial and regulatory agencies, and this honors us. Long live the rule of law and justice.”
The Public Prosecution had ordered the detention of three heads of the mission of the State of Libya to the Republic of Ukraine, who held the position from 2012 to 2019, pending investigation in the case of infringement of allocations for providing medical service and allocations for scholarship to study in Ukraine, causing serious damage to public money and collecting hundreds of thousands of foreign exchange for themselves and others in violation of the legislation regulating financial work and the controls for maintaining public money.
Today, Thursday, the President of the State Audit Bureau, Khaled Shakshak, discussed at the Executive Council of the Afrosai Organization in the Republic of Djibouti, the objectives of the Pan-African Conference on combating illicit financial flows and the expected results, its importance and the need for wide participation by the member organs of the organization.
Shakshak reviewed the participation of the Afrosai Supreme Audit Institutions in the twenty-fourth session of the INCOSAI in Brazil, to be held in November 2022, adding that the date of the next meeting of the Executive Council, which was decided to be held in Libya in October 2023, was announced.
The National Oil Corporation revealed, in a statement, the causes of a fire in one of the headquarters of the Corporation’s Information Department in the capital, Tripoli, this morning, stressing that the fire was brought under control without causing casualties or damage to the building.
In its statement, the NOC explained that the cause of the fire on the ground floor of the old building, Building C, of the Information Department was an “electrical short circuit,” noting that the building’s fire extinguishing system was immediately activated, alarms were activated, and all safety procedures were followed.
It added that the building was evacuated of employees without causing any human losses, and the National Safety Authority, Mellitah Company and Brega Oil Company sent firefighting vehicles to control the fire without causing any damage to the offices or property of the institution.
On Monday, the Minister of Economy and Trade, Mohamed Al-Hawij, followed up with his advisor, Shather El-Said, the work of the committee formed to review the decision on foreigners’ contribution to companies, branches and representative offices of foreign companies, which aims to encourage the national element to establish a partnership with foreigners instead of just opening branches of foreign companies. This contributes to achieving diversification of the national economy and the localization of real projects that achieve trade balance, transfer of experience and foreign knowledge, and the creation of work places of up to 75% as a minimum.
Al-Huwaij added that these joint companies are national companies subject to Libyan law instead of commercial arbitration and its consequences, and their profits will be within the Libyan state.
Major challenges imposed by climate change on the countries of the world, and Libya is not one of them, especially with regard to the problem of lack of water supplies and drought. This #investigation video presents special statements explaining the Libyan water situation.
The Director of the Information Office at the Bank of the Republic, Mohamed Saeed, confirmed to our source today, Tuesday, that the “Al-Saddiq” card service, the point of sale service, the service of purchasing cards through the “Masrifi+” application, and the messaging service will return to work starting tomorrow, Wednesday.
The Jumhouria Bank had suspended the “Al-Saddiq” Card bank card, as well as the point of sale service and services provided through the “Masrifi+” application in early October for the purpose of developing and modernizing its banking system.
