Local News: Economic News
Central Bank of Libya: Low customs revenues and revenues from sales of oil derivatives in the local market
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Tripoli, January 04, 2023 (LANA) - The Central Bank of Libya revealed a decrease in customs revenues, as only 211 million dinars were imported, which is not commensurate with the value of open documentary credits and goods supplied during the year 2022.In its monthly statement, the bank announced a decline in the domestic market sales revenues of oil derivatives, as only 265 million dinars were supplied during the same.... Read more
The Central Bank of Libya announces an increase in public revenue to 134.4 billion dinars.
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Tripoli, January 04, 2023 (LANA) - The Central Bank of Libya announced that Libya's total revenues from oil increased to 105.5 billion Libyan dinars ($22.01 billion) in 2022, from 103.4 billion dinars in 2021. In its monthly statement of public revenue and expenditure, issued today, Wednesday, the bank said that public revenues amounting to 134.4 billion dinars were recorded during the past year, while public spending amounted to 127.9 billion dinars. ;... Read more
Minister of Labour and Civil Service is following up training job seekers in Zamzam region.
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Tripoli, 21 December, 2022 (Lana) - Minister of Labour and Rehabilitation who is the acting Minister for Civil Service, Ali Al-Abed Al-Ridha followed up with the Chairman of the Executive Council of the Zamzam region, Mukhtar Abu Al-Qasim the file of regulating the labour market in the region and its environs, as well as the file of training job seekers from the region's youth. During the meeting they held Tuesday at the Ministry's office in Tripoli, they discussed establishment of a... Read more
Al-Dabaiba participates in meeting of the General Assembly of the Sahel and Sahara Bank for Investment and Trade.
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Tripoli, 19 December, 2022 (Lana) - Head of the Government of National Unity, Abdul Hamid al-Dabiba, participated Monday, in the ordinary General Assembly meeting of the Sahel and Sahara Bank for Investment and Trade, which was held in the capital, Tripoli. Government sources stated that the meeting was held in the presence of the President of the General Assembly of the Sahel and Sahara Bank, Minister of Finance, Khaled Al-Mabrouk, members of the General Assembly, finance... Read more
The Executive Council of the Organization of Petroleum Exporting Countries (OPEC) cancels the accumulated debts of Libya, amounting to (20) million dinars.
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Tripoli, December 12, 2022 (LANA) - The Executive Council of the Organization of Petroleum Exporting Countries (OPEC) approved the decision to drop the accumulated debts of the State of Libya, which amount to approximately twenty million Libyan dinars.This came during the 109th meeting of the "OPEC" Council of Ministers, which was held today, Monday, at the organization's headquarters in the State of Kuwait, in the presence of the Minister of Oil and Gas, "Mohammed Emhamed Aoun," accompanied by the representative of Libya to... Read more
