Local News: Economic News
Al-Jouf Oil Technology Company announces record revenues in 2021 amounting to 140 million dinars.
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Tripoli, 10 January, 2022 (Lana) - The General Assembly of the Al-Jouf Oil Technology Company held a meeting at the Ras Lanuf Oil Complex headed by Mustafa Sanalla, “Chairman of the Board of Directors of the National Oil Corporation (chairman of the General Assembly), during which the general activity of the company in the year 2021, and its programmes were discussed. The company plans to increase production during 2022. The meeting, in which Majdi Al-Darsi, Chairman of the... Read more
The Central Bank reveals foreign exchange revenues, uses and liquidity for the year 2021.
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Tripoli, January 05, 2021 (LANA) - The Central Bank of Libya confirmed that the government’s foreign exchange expenditures decreased during the year 2021 compared to previous years, despite the fact that development spending increased by 27% during the same year.In its statement today regarding foreign exchange revenues, uses and liquidity during the period from 1-1-2021 to 12-31-2021, the bank indicated that documentary credits represent about 45% of foreign exchange uses, and 85% of the emergency expenditures of Chapter Five... Read more
In its statement on revenue and spending for the year 2021: The Central Bank confirms that customers’ cash withdrawals for the year 2021 have exceeded 35 billion dinars.
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Tripoli, January 05, 2021 (LANA) - The Central Bank of Libya revealed today, Wednesday, that it has achieved a great achievement and a remarkable improvement in providing cash liquidity to all bank branches in the regions of Libya.The Central Bank added in its statement regarding foreign exchange revenues, uses and liquidity during the period from 1-1-2021 to 12-31-2021 that customers’ cash withdrawals exceeded 35 billion dinars, while what was supplied by banks to the issuance departments of the Central Bank of Libya amounted... Read more
Al-Kabeer is following up with Budget Committee annual closing for 2021.
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Tripoli, 20 December, 2021 (Lana) - The Governor of the Central Bank of Libya, Al-Siddiq Al-Kabeer, continued, on Sunday in Tripoli, the implementation of the recommendations of the budget committee of the bank. This came during the meeting held by Al Kabeer at the bank's headquarters with the Budget Committee and the relevant departments of the bank to discuss its preparations for the annual closing of the 2021 budget.= ... Read more
Ministry of Economy clarifies vision to enable every Libyan family establish private investment project.
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Tripoli, 14 December, 2021 (Lana) The Ministry of Economy and Trade clarified that the statements of the Minister of Economy, Mohamed al-Hawij on the Libya Talk programme on the Libya National Channel, include the ministry’s vision regarding the economic diversification scheme by enabling each Libyan family establish and implement its own private investment project and obtain financing with a guarantee via family property assets.It added that media reports were not in line with the'... Read more