The liquidity team of the Central Bank of Libya revealed exclusively that these moments arrived at the airport of the city of Kufra, a liquidity shipment of 16 million dinars coming from Tripoli, as part of the Central Bank of Libya’s plan to provide liquidity in all branches of commercial banks and in all regions of Libya, as the liquidity team begins to provide liquidity in bank branches to pay salaries for the month of July 2022.
8 million have been allocated to the Jumhouria Bank, 5 million to the Wahda Bank, and 3 million by the North Africa Bank. The team is working to transfer other shipments to the rest of the regions.
The Minister of Transport in the Government of National Unity, Mohamed Al-Shahubi, held the first meeting of the directors-general of the land ports, in the presence of the Undersecretary for Land Transport Affairs, the Undersecretary for Maritime Transport Affairs, the general managers of the Land Ports Operation Management Center in the Ministry, and the directors of the land ports.
During the meeting, the problems and difficulties that hinder the functioning of the land ports in the required manner were reviewed, where the Minister stressed the need to focus and pay attention to developing the performance of the ports, following up the workflow in them through the Land Ports Operation Management Center and setting a plan aimed at raising the efficiency of workers and developing and improving their performance.
The Prime Minister of the Government of National Unity, Abdul Hamid Dbeibeh, met today, Tuesday, with the President of the Presidential Council, Mohamed Al-Manfi, the Governor of the Central Bank of Libya, Seddiq Al-Kabeer, the Head of the Audit Bureau, Khaled Shakshak, the Chairman of the Administrative Control Authority, Sulaiman Al-Shanti, and the Chairman of the Finance and Planning Committee in the House of Representatives, Omar Tantoush, the Minister of Finance, Khaled Al-Mabrouk, the Minister of Oil and Gas, Mohamed Aoun, and the Minister of Planning in charge, Mohamed Al-Zaydani, the Minister of State for Cabinet Affairs and the Prime Minister, Adel Juma’a, and the Chairman of the National Oil Corporation’s Management Committee, Farhat Ben Gdara, to follow up on the extraordinary budget of the formed National Oil Corporation and get to know the actual steps and their impact on stability and increased production.
The assembled stressed the need for a realistic plan so that production would reach 2 million barrels per day, support for the National Oil Corporation and the need for a system of governance in it.
The committee presented a presentation that transparently disclosed the disbursed amounts, explaining the implementation steps and the technical and administrative notes received regarding the institution’s work and plan.
The Minister of Oil and Gas, Mohamed Aoun, said through statements to Hakomitna platform on Sunday that the agreement to reduce production of crude oil with the countries that joined the Organization of the Exporting Countries “OPEC” and ten countries outside it, and exempting the State of Libya from the cuts due to the prevailing conditions in it, “because we have not reached the production levels of quotas prescribed by the state in particular.”
Aoun added that the compensation for the reduction in production was approved a year after the market returned to its stability, given that the global market exchanged an excess of stock, which affected the market’s transmission.
He stressed that the situation is very comfortable, considering that the countries that were asked to reduce are almost committed to the numbers that were set for them, after agreeing to increase compensation by about 100,000 with specific quotas, and monitor the market and quantities of production for these countries in ministerial meetings monthly.
The Prime Minister of the Government of National Unity, Abdul Hamid Dbeibeh, continued today, Monday at the Cabinet Office, the measures taken by the Supreme Committee to implement the housing lending and land distribution initiative, presenting the results of its work during the past period.
Dbeibeh stressed that the committees formed in the municipalities work according to the conditions set by the committee, and that this file faces many legal and administrative problems, so that starting it has become an urgent necessity in appreciation of the conditions of the Libyan youth and it will be a tangible reality despite everything.
The Prime Minister stressed the necessity of making the initiative succeed and of addressing all the difficulties and challenges facing its implementation.
Deputy Prime Minister, Ramadan Abu Janah, met today, Monday, with the head of the Audit Bureau, Khaled Shakshak, the Minister of Oil and Gas, Mohamed Aoun, and the head of the Cabinet Office in the southern region, Ahmed Al-Ayyat, to discuss the suffering of the fuel crisis in the south and its causes, and to put an immediate and radical solution to it.
Abu Janah stressed the need to continue the work and to put in place all the necessary plans and measures to address the crisis of the people of the south immediately without delay. He instructed Brega Petroleum Marketing Company to raise the rates of supplying fuel stations located in the south by one million and two hundred thousand liters per day, and to prepare detailed periodic reports for evaluation and follow-up.
He added that a proposal should be prepared regarding the electronic system for tracking and monitoring of fuel transfers from the warehouse to the beneficiary, and submitted to the Prime Ministry for approval.
The Prime Minister of the Government of National Unity, Abdul Hamid Dbeibeh, met today, Monday, to discuss the projects he contracted and the percentages of their completion, in the presence of a number of officials from the executive authorities of the projects.
For his part, the Minister of Planning revealed an explanation of the financial allocations for the fiscal year 2021 referred to the executive bodies, and the number of projects to which allocations were referred, explaining that there are 307 projects distributed over all cities and regions.
Dbeibeh stressed the need to clarify project data and completion rates, and to address the problems facing the implementation of some of them.
On Wednesday morning, the fourth session of the trial of the Islamic State fighters, who numbered about 58 persons, was held in Misrata.
During the session, the judge listened to the statements of the two parties’ lawyers, as well as the statements of eyewitnesses in the set of charges brought against them to be recorded in the case file for subsequent sentencing.
The session was attended by a number of families of the martyrs and victims, as well as a number of fighters of Operation Al-Bunyan Al-Marsous, in addition to activists and human rights activists from the city of Misrata.
Jumhouria Bank denied rumors circulating on some social media pages about stopping work in all its branches in mid-August for a month to develop the system, stressing that this news is completely false.
The Bank confirmed that such procedures are only carried out in coordination with the Central Bank of Libya, taking prior permission in this regard, and informing the relevant authorities according to the official means of publication, and well before the date of its announcement.
The Financial Stability Unit of the Central Bank of Libya, Al-Bayda, organized today, Sunday, a “symposium” on the third edition of the Financial Stability Report, in the presence of the Governor of the Central Bank of Libya, Ali Al-Hibri, to discuss local global economic developments and the development of the banking and public financial sector, in cooperation with the Public Administration and Institutional Development at the University of Benghazi .
The symposium tackled a series of financial stability reports and their focus on studying the stability of the system in Libya, and conducted an assessment of the state of the financial system and the impact of financial and monetary policies on the state of financial stability in the country.
The symposium witnessed the attendance of a group of faculty members at the University of Benghazi, academics and students of universities and higher institutes.
