Local News: Economic News
International Monetary Fund: Libya urgently needs a clear national economic vision for the future.
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Tripoli, May 19, 2024 (LANA) - The International Monetary Fund called on Libya to develop a clear economic vision for the country and diversify its economic activities away from oil and gas.In its special report regarding the recent visit of its experts to Libya, the Fund urged the Libyan authorities to take advantage of the comparative advantages that the country enjoys, such as its location, land area, natural resources, and easy access to energy and labor, to promote the development of non-oil economic.... Read more
Imprisonment of former officials in the Sahari Bank branch, Omar Al-Mukhtar.
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Tripoli, May 17, 2024 (LANA) - The Tripoli Court of Appeal issued a ruling on Thursday, to imprison former officials in the Sahari Bank branch - Omar Al-Mukhtar, who stole two million dinars. The first and second convicts were sentenced to four years’ imprisonment, and the third and fourth convicts were sentenced to three years’ imprisonment, they were fined twice the embezzled amount.According to the Public Prosecutor’s Office today, Friday, the prosecution concluded that, the convicts... Read more
The second gas unit at the Misrata dual power station enters the public network.
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Tripoli, May 17, 2024 (LANA) - The Electrical General Company announced the entry of the second gas unit in the Misrata Duplex Power Station onto the public network, after completing the annual periodic inspection work and implementing the programmed maintenance work on the unit, which was carried out through the efforts of the company’s technicians and engineers.The company explained that entering the unit will contribute to increasing the efficiency of the electrical network in... Read more
Central Bank and the Arab Monetary Fund review the Fund’s future work strategy.
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Tripoli, May 16, 2024 (LANA) - The Governor of the Central Bank of Libya, “Al-Siddiq Al-Kabir,” this Thursday morning, reviewed with the Director General and Chairman of the Board of Directors of the Arab Monetary Fund, “Fahd bin Muhammad Al-Turki,” the future work strategy of the Arab Monetary Fund.According to the Central Bank, the meeting, which was held via video technology, dealt with presenting the Arab Monetary Fund’s draft strategy to work in accordance with developments in the... Read more
HoR discusses with Hammad the state’s general budget.
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Benghazi, May 16, 2024 (LANA) - The first and second deputy speakers of the House of Representatives, “Fawzi Al-Nuwairi” and “Misbah Douma,” met yesterday, Wednesday, at the Council’s headquarters in the city of Benghazi, with the Prime Minister of the Council-designated government, “Osama Hammad.”The meeting, which was attended by a member of the House of Representatives, Mohamed Ajdid, discussed a number of files, most notably the general budget. Hammad stressed that his government took... Read more
