Local News: Economic News
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
National Oil Corporation signs an agreement with the Executive Authority to drill wells to cover the water deficit.
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Tripoli, May 16, 2024 (LANA) - The National Oil Corporation signed an agreement yesterday, Wednesday, with the executive branch to drill and maintain water wells in the Oil Crescent and the Central Region, within the framework of sustainable development programs and covering the water deficit in some areas of the Oil Crescent.The corporation's official website stated that the first phase will include drilling 17 wells distributed among the municipalities of the Oil Crescent, the oasis... Read more
The First Deputy Chairman of the High Council of State arrives in Tatarstan to participate in the Russia-Islamic World Economic Forum.
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Kazan, May 14, 2024 (LANA) - The First Deputy Chairman of the High Council of State, Dr. Masoud Ubaid, discussed today, Tuesday, with the Deputy Minister of Youth of the Republic of Tatarstan, Sofia Mustafina, at the Ministry’s headquarters in Kazan, many files related to youth in the two countries.The Information Office of the High Council of State said that the two sides discussed the necessary mechanisms to remove and rehabilitate young people from the effects of the wars that the two countries witnessed, and they agreed on... Read more
CBL and the IMF discuss developments in the banking sector.
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Tunisia, May 04, 2024 (LANA) - Discussions were focused on the article 4 consultations for the year 2024 between the Central Bank of Libya team and the International Monetary Fund expert mission in regard to the development in the banking sector, banking services, and the extent of banks’ response to the Central Bank’s instructions and directives.According to the Central Bank on Saturday, the consultations also dealt with identifying and expanding digital transformation plans for the... Read more
