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Exclusive: Dbeibeh Writes to Al-Kabeer and Proposes Granting Foreign Students

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Our source has exclusively obtained a correspondence from the head of the Government of National Unity, Abdul Hamid Dbeibeh, to the Governor of the Central Bank of Libya. In it, he affirmed that delegating the Ministry of Finance to implement the imposed fee on foreign currency for grants to students studying abroad would result in additional financial arrangements affecting the budget allocations. He also mentioned challenging the decision to impose the fee multiple time.

Dbeibeh further stated regarding issuing additional budget arrangements that the government is acting according to Cabinet Decision No. 1052 of 2022 regarding the temporary opening of financial appropriations. If approved, instructions will be issued to the Ministry of Finance to take necessary actions from your side.

Exclusive: Are There Really Donkey Meat in Reem Shawarma? Head of Food and Drug Control Unit Clarifies

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Abu Bakr Marwan, head of the Food and Drug Control Unit at Souq Al-Jumaa, denied during a statement to our source what has been circulated on social media about the reason for closing branches of Reem Shawarma, alleging the use of donkey meat.

According to Marwan, the closure was due to non-compliance with standard specifications, mixing different types of red and white meats and sauces in the refrigerator, which accelerates bacterial growth. Frozen meats showed discoloration, a sign of corruption. The method of meat thawing did not meet health standards, leading to its closure with red wax seals and referring the workers to the Public Order Prosecutor’s Office.

Exclusive: Benghazi Sheep Farmer: “Government-Provided Sacrificial Animals Did Not Affect Market Prices, and No Support Given to Traders”

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A sheep farmer from Benghazi spoke exclusively to our source, stating: “We cannot blame the state or approach it for help, as nothing has been provided to us as traders. For about two weeks, we have been suffering from foot-and-mouth disease, causing significant harm to many individuals.”

He added: “The sacrificial animals we have available range from 15 to 3000 dinars, catering to everyone’s budget. The losses are considerable because the prices of fodder, medicine, and everything else a trader needs are high.”

He also mentioned: “There is a high demand from customers for sacrificial animals, but the current constraint is liquidity. We do not engage in sales through banks or similar methods due to our commitments. The imported sacrificial animals provided by the government at reduced prices have not affected market prices.”

Exclusive : ATM Withdrawal Limits Increased in Coordination with Central Bank’s Banking Supervision

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A source at the Central Bank of Libya exclusively revealed to our source that, in celebration of Eid al-Adha and in coordination with the Banking Supervision and Currency Department, the cash withdrawal limit at ATMs of various banks has been increased to 1000 dinars daily and 1500 dinars weekly during the holiday.

For instance, a customer of Jumhouria Bank can withdraw 1500 dinars from any ATM before Eid al-Adha. All ATMs will be stocked with cash and available for use on Friday, Saturday, and throughout the Eid holiday.

Special Report: NCB Announces Extended Hours on Friday and Saturday, Confirms Cash Delivery to Sebha and Ghat

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National Commercial Bank exclusively announced to our source that its branches will be open for 8 to 12 hours on Friday and Saturday.

The bank also confirmed that cash will be delivered to the cities of Sebha and Ghat tomorrow, Saturday.

Exclusive: In a Special Statement, Minister of Economy Lists Reasons for Rising Sacrificial Animal Prices

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The Minister of Economy and Trade, Mohamed Al-Huwaij, revealed in an exclusive statement to our source the reasons behind the rising prices of sacrificial animals with the approach of Eid al-Adha.

He stated: “There are several combined reasons, including the depreciation of the Libyan dinar, the imposition of a 27% tax, rising fodder prices, diseases, and floods that have affected livestock herds in the eastern region, and decreased production in that area this year.”

In addition, the minister mentioned international price increases and the limited markets from which imports are sourced as contributing factors.

Exclusive: Finance Minister of GNU Responds with Figures to Bengdara’s Accusation of Non-Payment of Oil Sector Workers’ Salaries

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Our source has exclusively obtained a correspondence from the Finance Minister of the Government of National Unity to the Chairman of the National Oil Corporation.

The minister stated that the Ministry of Finance is responsible for preparing the general budget in cooperation with various government entities. It is also responsible for distributing budget allocations and overseeing public expenditure on a monthly and quarterly basis according to the approved allocations, including those for the National Oil Corporation. Salaries for oil sector workers have been transferred up to May 2024 to the Central Bank of Libya according to the available liquidity, which was transferred from your end to the accounts of the Ministry of Finance at the Central Bank of Libya.

The minister emphasized that the Ministry of Finance has transferred all financial allocations to the National Oil Corporation to cover the operational and developmental budget of the oil sector on the scheduled dates, including labor expenses amounting to 1.6 billion dinars, which represent the operational and developmental budget of the oil sector, 1.8 billion dinars for operational expenses, and 1.2 billion dinars for operational spending.

The minister added: “The Corporation must manage its resources efficiently to avoid misallocation and mismanagement of the budgetary allocations designated for the Corporation and its subsidiaries.”

Exclusive: Livestock Trader Speaks to About Rising National Sacrificial Animal Prices

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A livestock trader exclusively spoke to our source regarding livestock prices, particularly with the rising prices and the approaching Eid al-Adha. He stated that national prices range from 1500 to 3000 per head, and they have about 700 heads of sheep.

He added: “The prices of fodder have increased compared to before, with fodder prices reaching 150 dinars, which is considered reasonable. However, if there were alternatives such as national agriculture supported by the state, the prices would be much better and significantly lower.”

Exclusive: Al-Arfi: “Nothing Issued Yet by the Tax Study Committee; Awaiting a Report”

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Member of Parliament Abdul Moneim Al-Arfi spoke exclusively to our source, stating: “We are awaiting the report from the committee formed by the House of Representatives to study the imposition of a 27% tax on the sale of foreign currency. So far, the committee has not submitted any report.”

He added: “Only the committee will decide whether to continue imposing the tax, gradually lift it, or completely remove it according to the plan it will establish if it decides against imposing the tax.”

Exclusive: Our Source Reveals Details of the First Economic Dialogue Session

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Our special source revealed that the first session of the economic dialogue was held in Tunisia. The session was attended by the Governor of the Central Bank of Libya and his deputy, the head of the Audit Bureau, representatives from the Government of National Unity, the Libyan government, the House of Representatives, the U.S. Treasury Department, the International Monetary Fund, and the U.S. Embassy.

The discussions focused on the adoption of a unified budget, the country’s economic conditions, and oil revenues.

Greek Consulate Clarifies About the Resumption of Greek Airlines in Tripoli

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The Greek Consulate stated to the Economic Sada newspaper on Wednesday that there is no specific date for the return of Greek flights, and there is no information regarding the resumption of the airlines.

It is worth noting that discussions last week focused on encouraging the return of Greek companies to Libya and the resumption of direct flights between the two countries.

Exclusive: Documents and Sources Reveal Manipulation of Figures in the Telecommunications Sector – Libyana Spends 3 Billion Dinars in Two Years

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Our special source revealed in a statement that the balance of Libyana Mobile Phone Company in the bank before the arrival of its current president, Mohamed Ben Ayad, the telecommunications holding company, was 3.88 billion dinars, as shown in the records of Libyana, which Sada exclusively published with documents.

According to the source, on April 23, 2024, two years after Mohamed Ben Ayad took over the holding company and its subsidiaries, Libyana’s available balance was only 461 million dinars.

The unavailable balance refers to the amount that Mohamed Ben Ayad previously deposited in the Arab Consensus Bank, which declared bankruptcy, amounting to 603 million dinars, and 340 million dinars representing commitments that Libyana paid on behalf of the holding company.

This means, according to the source, that 3 billion dinars were spent from Libyana in just two years.

Our sources also revealed, with documents, that Mohamed Ben Ayad, as president of the holding company, and with only an email, without any supporting documents or a decision from the board of directors, authorized the spending of 25 million dinars through Libyana Mobile Phone Company, headed by Huneid Alkamoushi, to cover hurricane expenses without any documentation (just an email).

What’s even worse is that this amount was deducted from the profits of the holding company at Libyana – meaning that the amount was paid by Libyana to the crisis committee formed by a decision of Mohamed Ben Ayad, headed by Nader Alzaidi, who serves as the chairman of the board of directors of Albinya, a subsidiary of the telecommunications holding company.

Certainly, in the same manner, the amount will appear in Libyana’s books as a part of the profit payments to the holding company and will not appear in the holding company’s books and records. The committee spent this amount according to Ben Ayad’s order without restrictions or conditions, under the watchful eye of all regulatory bodies. The spending was carried out by circumventing the laws and approved spending regulations in accordance with Commercial Law No. 23 of 2010 and the company’s financial regulations, according to sources and documents.

Africa Intelligence Reveals Corruption Networks Owned by Saleh in Eastern Libya

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The French website Africa Intelligence revealed today, Monday, that the Speaker of Parliament in Eastern Libya, Aguila Saleh, owns countless corruption networks.

The French website pointed out that Saleh’s corruption networks are related to tax imposition, and he angered legislators when he imposed a tax on foreign currency. However, the Speaker of the House enjoys significant support among parliament members and the eastern tribes in the country, according to the website.

By Numbers: National Oil Corporation Reveals Production Rates through Well Exploration and Rehabilitation by Its Subsidiaries

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The National Oil Corporation and its subsidiaries have recently revealed increased production rates through the exploration and rehabilitation of several wells. The transition from observation well (HH59-65) to a production well in the Masla oil field by the Arabian Gulf Oil Company resulted in a production rate of approximately 2,104 barrels per day. Similarly, the observation well (C309-65) was converted to a production well with a rate of 1,134 barrels per day. Additionally, the well (V01-NC8A) in the Hamada field was rehabilitated to produce over 320 barrels per day.

In the Al-Lib field’s southeastern contract area (M.N.6), Sirte Oil Company drilled the exploratory well (WWWWW1-6) with a production rate of 16.8 million cubic feet of gas per day and 626 barrels of oil per day. Well (A1-NC107) was rehabilitated in block NC 107, yielding 2,400 barrels of crude oil daily, while well (A3-NC107) in the same block produced 600 barrels per day. The NC-149 block saw the completion of oil well (D-28-H) with a daily production of 2,000 barrels of crude oil, and in block NC-6, well (DDDD-2) was completed with a production rate of 600 barrels per day. Additionally, well (Q-1) in block NC-101 produced 500 barrels per day, well (UU-42) in block NC-6 produced 400 barrels per day, well (C347) in block NC-6 produced 1,000 barrels per day, and well (E-03) in block NC-101 yielded an increase of approximately 5,000 barrels of oil.

In the Abu Attifel field, Mellitah Oil & Gas Company rehabilitated well (A75), achieving a production rate of 4,000 barrels per day, and explored well (A1) with a rate of 2,773 barrels per day. In the Elephant field, the fifth well (FB-21HOR-ST2) produced 3,820 barrels per day. Wells (1-16) and (1-71) in Abu Attifel were rehabilitated, producing 3,333 barrels of oil and 9 million cubic feet of gas daily. Well (27-B4) in the Bouri field was rehabilitated with a rate of 1,200 barrels per day, while the recovery well (B4-49) was completed with a rate of 1,800 barrels of oil per day. In the Elephant field, well (FC25) produced 7,500 barrels per day, and the fourth well was re-drilled to yield 3,500 barrels per day.

In the Sharara field, Akakus Oil Operations Company completed several wells: well (B-23-H) with a production rate of 1,644 barrels per day, well (B-24-H) with 1,606 barrels per day, well (B-25-H) with 1,744 barrels per day, well (H-48) with 734 barrels per day, well (B-50) with 1,890 barrels per day, well (B-49-H) with 1,921 barrels per day, and well (B-48) with 1,464 barrels per day. Heavy maintenance was completed on several wells in Sharara: well (A-28) producing 966 barrels per day, well (A-24) with 1,141 barrels per day, well (B-46) with 1,061 barrels per day, well (J-12) with 548 barrels per day, well (R-17) with 714 barrels per day, well (B-17-H) with 220 barrels per day, well (H-05) with 205 barrels per day, well (K-01) with 319 barrels per day, and well (O-01) with 291 barrels per day.