Local News: Economic News
Libyan Investment Corporation holds desk to desk meeting with Libyan Foreign Investment Company and its Director General.
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Tripoli, 24 January, 2021 (Lana) The board of directors of the Libyan Investment Authority held a meeting with the members of the board of directors of the Libyan Foreign Investment Company and its Director General. The meeting discussed, the report of the company's activity and the most important work accomplished about ending state of conflict of interests, what has been implemented to end the conflict of interest, based on articles of association and the company’s actions regarding the results of the analytical study following... Read more
Director of Mills and Fodder Company: There are no economic policies to maintain grain stocks
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TRIPOLI, 24 January, 2021 (Lana) - Director of Flour Milling and Fodder Company, Jamal Juili, said that the quantities of grains in the company's mills do not exceed 170 tons. Juili said in press statements, Saturday, that the reason for the crisis is due to the lack of economic policies to maintain grain stocks, in addition to the high price of flour which risen from 130 to 250 dinars per hundred kilograms. = ... Read more
Lana Local Affairs Editor Cautions on Danger that Threaten Libya's Assets Frozen Abroad.
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TRIPOLI, 20 January, 2021 (Lana) - As conflict between Libyan rivals rages over power at home, competition abroad between foreign countries and governments over Libya's investments and frozen funds in foreign banks, particularly European ones is unleashed, upon a UN Security Council Resolution No 1972, the latest of which was the Belgian finance minister's approval to notify the UN Sanctions Committee to lift the freeze to deduct part of Libya's frozen bank assets in Belgium for the Prince Laurent Foundation, estimated at 47... Read more
Deputy "Ahmed Maiteq" meets with a group of young experts.
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Tripoli, 18 January, 2021 (WAL) - Vice President of the Presidential Council "Ahmed Maiteq" met Sunday, with a group of young experts tasked with developing a strategy and implementation of a roadmap for the development plan for youth job seekers' programmes. It is to be noted that the work team formed as an implementation of the outputs of the workshop held last December under the auspices of "Ahmed Maitiq" as per Presidential Council Resolution No. 567 /2020 regarding employment and training of unemployed youth. ;... Read more
Oasis (Waha) Oil Company Production to be Reduced by 200,000 Barrels per day Due to Maintenance Work.
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Tripoli, 17 January 2021 (Lana) - The National Oil Corporation (NOC) has announced that the Oasis (Waha) Oil Company, to start Sunday, the necessary maintenance operations for the main crude oil pumping line connecting the Al Samah and Dahra oil fields, and from there to the port of Sidra. It said the pipeline has become in a situation that it cannot continue its operation, due to the large number of leaks and its wear and tear, because of the lack... Read more