Local News: Economic News
US officials assure Minister of Oil that US administration does not object to providing technical and practical assistance
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Washington, 5 January, 2023 (LANA) - Minister of Oil and Gas of the Government of National Unity, Mohamed Aoun, gave clarifications to officials of the US administration of the Ministry of Oil's vision for the future of the sector, and that the principle of transparency and good governance be the basis of its activity, methods of development, exploitation of oil revenues for the development of the Libyan state, and the smooth transition to alternative energies. .This came when he and his... Read more
Central Bank of Libya: (20.9) billion dinars transferred to the account (deposits and trusts) during 2022 for basic infrastructure projects.
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Tripoli, January 04, 2023 (LANA) - The Central Bank of Libya transferred (20.9) billion dinars to the account (deposits and trusts), which is an amount allocated for basic infrastructure projects approved by the Audit Bureau.In its monthly statement issued today, Wednesday, the bank confirmed that this amount was allocated for electricity projects, roads, bridges, schools, hospitals, sewage works, and local development across municipalities, based on multiple legal fatwas, and approvals issued in this.... Read more
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
