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The President of the General Information Authority: “A draft of a new telecommunications law to comply with technology changes and market requirements”

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The head of the General Information Authority, Abdul Baset Al-Baour, told our source during the celebration of the National Information Technology Day: “This day in Libya represents a shift, as information and communication technology has become an essential element in daily life, whether it is inside or outside the Libyan state.”

He continued: “The world has changed and we have to adapt to what is currently in place. We, as an authority, are tasked with regulating the telecommunications sector by issuing legislation, regulations and laws in coordination with the competent authorities. At this stage, we seek to be modernized by developing a new draft of the telecommunications law in line with technological changes and market requirements.”

He added: “We also seek to develop the fields of postal law, where there is no law regulating the mail process and in the field of information security and safety too, since technology has always some disadvantages, to avoid them we need to create a “national crime-fighting system” against the exploitation of technology and making it a tool of crime.”

A Libyan Post company official reveals if Postal’s Addressing will see the light again after having been held for years

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The Deputy Director-General of Libya Post Company, Said bin Salem, told our source that the “Postal addressing” is a digital project that started in 2008 and in 2010 most of the buildings in Libya were geographically documented, but the stoppage that occurred in 2011 created a large gap between what happened in the fieldwork and the data collected and the new buildings that were built during the last ten years.”

He added: “Libya Post Company returned to activate the system, starting from confirming the previous data to complete the project, to begin the stage of installing the plates, which is an important stage for developing knowledge of the postal code.”

He continued: “We have decided to start the installation with the participation of the municipalities within its scope through a joint working team, and they are also confirming the addresses so that there are municipalities within Greater Tripoli in which services will start experimentally through the systems in the company.”

“We will continue in this way until we can apply the title in a specific area to benefit from it, then we will proceed in the whole country with the participation of the municipalities, of which we are still making individual agreements with some of them.

The maps are then drawn and fieldwork is done to confirm the previous data and complete the missing one, and currently, we have an agreement with the Abu Salim municipality and Tripoli previously, where the work actually started, and then we move to other areas according to the readiness.”

Al-Shawish: “During the next few days, Jumhouria Bank will start providing several services”

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The Director of the Marketing and Product Development Department at Jumhouria Bank, Fawzi Al-Shawish, told our source during his participation in the activities of the National Information Technology Day: “Jumhouria Bank was one of the supporters of this program because of its positive impact on upgrading traditional services to modern technology that all public and private institutions. Jumhouria Bank is looking to provide these services and transform the bank from traditional to technical. This is what we seek through a set of services that will be provided successively by the relevant departments of the bank, such as the Marketing Department, electronic card services and the electronic services project.”

Al-Shawish also said: “During the next few days, the bank will start providing these services successively starting from “Qr” through the application Musrefy+ service, which will give a new opportunity without referring to the bank card through smart phones and the normal messaging service, followed by charging digital wallets, whether it is Tadawul or Miza or Al-Madar Al-Jadid. We will carry out money transfer procedures and account statements via e-mail and we will present a special package for business in the last half of this year.”

The Libyan Islamic Bank signs a service contract “Qassatli” with Al-Madar Al-Jadid Company

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The Director of the Marketing Department at the Libyan Islamic Bank, Issam Hamza, told our source, that during their participation in the National Information Technology Day: “On the sidelines of the National Information Technology Day activities, the bank signed a new service contract with Al-Madar Al-Jadid Company, which is the “Qassatli” service.”

According to Hamza, the service is an application that enables the bank’s customers to purchase directly in installments, which is the first of its kind in the banking sector and is considered one of the aspects of fruitful cooperation between the technology and banking sectors.

The Central Bank liquidity team sends 60 million to the issuance department in Sebha

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The liquidity team of the Central Bank of Libya revealed exclusively to our source that the second shipment of liquidity was sent this week to the issuance department in Sebha, which is worth 60 million dinars, in order to provide the branches of banks in the region with their liquidity needs.

This is within the framework of the continued implementation of the Central Bank of Libya’s plan to provide liquidity to all branches of commercial banks and in all regions of Libya.

The liquidity team at the Central Bank of Libya confirms the availability of large liquidity balances with commercial banks.

Saber Al-Tir explains to our source that reviewing the prices of tickets for all airlines is the responsibility of the Ministry of Transportation

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The Director of the Media Office of the Libyan Airlines Company, Saber Al-Tir, explained to our source that: “The decision to review the prices of travel tickets for all airlines is the responsibility of the Ministry of Transportation.”

This is according to the second Article of the Cabinet Resolution of the National Unity Government No. 460 of 2022.

The inflation rate for the first quarter of this year 2022

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The inflation report issued by the Research and Statistics Department of the Central Bank of Libya indicated that the general prices index, according to the data of the Statistics and Census Authority, rose during the first quarter of 2022 to record 284.6 points, which represents an increase of 13.2 points on an annual basis, compared to 271.4 points during the same period of the previous year, so that the inflation rate for the first quarter of 2022 is (4.9%).

In comparison with other countries, Libya is the lowest in front of Tunisia, where inflation reached 7.5, and Egypt 14.9.

By analyzing price trends in commodity groups, the inflation rate has increased in most commodity groups except for tobacco and education. The food group index reached 323.5 points, which is an increase of 15.8 points, equivalent to 5.1%, the clothing and shoe group recorded 428.9 points, which represents an increase of 17.1 points, equivalent to 4.2%, and the housing, water, electricity, gas and other types of fuels group indexes rose to score 186.6 points which is an increase of 10.6 points, equivalent to 6.0%.

The index of the furniture and household appliances group also increased by 13.9 points to record 361.6 points, equivalent to 4.0%. As for the health group, the index scored 345.0 points, an increase of 10.2 points, equivalent to 3.1%.

The record for the transportation group also recorded a remarkable increase of 19.9 points to reach 207.1 points, equivalent to 10.6%, the communications group also increased the record by 0.6 points, to record 83.6 points and represent an increase of 0.8%, and the record for the entertainment and culture group was recorded 206.5, which is an increase of 2.2 points, equivalent to 1.1%. As for the group of restaurants and hotels, the index also rose, recording 345.3 points, which means an increase of 4.9 points, equivalent to 1.4%.

As well as the group of other goods and services witnessed an increase in the index by 11.3 points, recording 296.7 points, which is an increase of 4.0%, while the index of tobacco group decreased by 0.3 points, equivalent to 0.1%, while the prices were stable in the education group.

The Minister of Oil reveals to our source the developments in the disbursement of the oil sector budget and the 67% increase

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The Minister of Oil and Gas, Mohamed Aoun, revealed in an exclusive statement to our source the meeting of the Council of Ministers today to arrange the budget disbursement process for the National Oil Corporation for this year.

He continued by saying: “The 67% increase is supposed to be currently calculated from the 1st January, 2022, stressing that he did not know the date of its disbursement.”

Aoun stressed that the closure of ports and oil fields would cause a disruption in the electricity, and currently it is the cause of the gas outage on power plants.

For these reasons, Sanalla will not attend today’s meeting in Sirte

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Our source has exclusively obtained a letter from the Chairman of the Board of Directors of the National Oil Corporation, Mustafa Sanalla to the Speaker of Parliament.

The correspondence included his apology for not participating in today’s meeting because it coincided with other scheduled and confirmed dates with the Corporation’s partners in Spain and Germany, and assigning a number of oil company officials to attend the meeting.

The liquidity team reveals to our source the availability of liquidity balances in banks with a value of more than 3.3 billion

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The liquidity team of the Central Bank of Libya revealed exclusively to our source that there are large liquidity balances with commercial banks exceeding 3.3 billion dinars.

He also announced this morning to our source about sending a cash shipment worth 60 million dinars to the issuance department of Gharyan city to provide bank branches in the region with their liquidity needs.

The Central Bank’s liquidity team reported that a liquidity shipment of 60 million dinars had been sent to the issuance department in Sabha city to provide bank branches in the region with their liquidity needs.

This is within the framework of the continued implementation of the Central Bank of Libya’s plan to provide liquidity in all branches of commercial banks and in all regions of Libya.

The liquidity team to our source: “60 million were sent to Sebha issuance department”

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The liquidity team of the Central Bank of Libya revealed exclusively to our source that it had sent a liquidity shipment of 60 million dinars to the issuance department in Sebha city to provide bank branches in the region with their liquidity needs.

This is within the framework of the continued implementation of the Central Bank of Libya’s plan to provide liquidity in all branches of commercial banks and in all regions of Libya

The liquidity team of the Central Bank of Libya confirms the availability of large liquidity balances with commercial banks exceeding 3.3 billion dinars.

The Central Bank’s liquidity team reveals to our source, sending 60 million to Gharyan’s issuance department

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The liquidity team of the Central Bank of Libya revealed exclusively to our source that a liquidity shipment of 60 million dinars was sent to the issuance department of Gharyan city to provide bank branches in the region with their liquidity needs.

This is within the framework of the continued implementation of the Central Bank of Libya’s plan to provide liquidity in all branches of commercial banks and in all regions of Libya.

The liquidity team of the Central Bank of Libya confirms the availability of large liquidity balances with commercial banks exceeding 3.3 billion dinars.

An official in the Libyan Iron and Steel Company explains the reasons for the increase in their products and says: “The electricity crisis affects the production line.”

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An official in the media department of the Libyan Iron and Steel Company, Abdulbasit Ammar, said in a statement to our source regarding their participation in Libya Build International Expo of 2022: “Our participation in such commercial forums, including Libya Build Expo, adds an official character to such forums more than it is an advertisement for the company.”

He added: “Exactly two weeks ago, the company announced a decrease in selling prices for iron and steel produced by the factory. Also, the price of iron and steel is linked to iron prices in the world, and a gradual decline in the global market has led to a decrease in iron prices by 10%.”

During his speech, he said that the reasons for the increase in iron prices are the rise and fall in the prices of raw materials imported from abroad and from Brazil in particular through the company’s port.

Ammar also confirmed that there are no obstacles to production lines except electricity, especially in the summer, despite the company owning its own power plant connected to the public network, and because of what is happening in the network, “we are forced to turn off some of the furnaces or work with less than the usual energy.”

National Commercial Bank: “Today’s withdrawal ceiling is one thousand dinars”

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The National Commercial Bank confirmed exclusively to our source today, Monday, the availability of liquidity and the withdrawal ceiling of 1000 dinars.

The bank confirmed that after the modernization of its system, the bank’s customers will witness very distinguished services.