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The international cloud, a gateway with global service and game providers, and other projects whose details are explained by the engineers of the Libyan International Telecommunication Company

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M. Amir Shabchub of the Libyan International Telecommunication Company stated in an interview with our source about the company’s latest that, “We are the international gateway to Libya, which links the country to the world, whether through the Internet or international communications, through submarine cables that are supplied to companies in the sector in general.”

He added: “We have several projects that will be launched soon, and we aspire to be the regional partner for many companies in the Maghreb and North Africa, given the strategic geographical location of our country.”

He continued: “Among these projects, there is a project to support and monitor operating systems O.O.S and the international cloud I.C.C in partnership with Microsoft, the latest of which is the project to build the largest data exchange center in North Africa.”

M. Mohamed Nashnoush said: “Taking about the international cloud, this project aims to connect any telecom customer in Libya to the well-known global cloud services, the International Telecommunication Company, thanks to the infrastructure it owns of fiber-optic cables linking Libya to the outside world.”

“There are a total of 3 cables, one of which is Derna – Greece and Tripoli – Italy. Thanks to this feature, we have started an international cloud project to provide services through Google, Microsoft, and Amazon.”

He concluded by saying: “We have another new project that we expect to start operating at the end of this year, which is the I.X.P. “International Gateway,” which links Libya with global content providers led by Metaverse, google, Amazon, Netflix and global game providers. This project will contribute to reducing the cost and increasing the quality of performance in terms of reducing the response time.

The Director of Administrative Affairs at the First Gulf Libyan Bank declares about his participation within the Al-Inma Holding Company in the Tripoli International Fair

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The Director of Administrative Affairs of the First Gulf Libyan Bank Mohamed Artima, stated during an interview with our source at the opening of the activities of the 48th edition of the Tripoli International Fair, that “the First Gulf Libyan Bank is a Libyan-Emirati contribution with 50% ownership of Al-Inmaa Financial Holding Company. It was established in 2008 and we are still young Libyans to this day, we work diligently and provide services to citizens at the corporate level in particular.”

He added: “These services are based on international operations and credits. We have a network of correspondents spread all over the world, and our services are distinguished by their differences, and most Libyan companies in the private sector deal with us.”

On the latest developments within the bank, Artima said: “We are moving with a specific plan towards digital development. We have POS and ATM services, and there will be geographic expansion soon during this year with a presence in the central and southern region, and the bank will also start forming the legitimate board for the transformation of Islamic banking.”

The head of the Libyan-Italian Chamber of Commerce declares to our source about the method of affiliation and its objectives to support companies during the coming period

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The head of the Libyan side of the Libyan-Italian Chamber of Commerce, Anwar Abuseta, told our source during the chamber’s participation in the Tripoli International Fair held during this period that “this chamber was established last year 2021 based on the Libyan Commercial Law No. 23 of 2010, which stipulates the formation of the Libyan side of foreign chambers called the Federation of Chambers of Commerce and approved by the Minister of Economy.”

He continued: “We have contacted all parties to approve the Chamber as a commercial mediator between Italy and Libya and an umbrella for Libyan companies operating on the Italian market.”

He added: “It is a fortress for these companies from any problems that may occur with their Italian counterparts in order to guarantee their rights and help them obtain information from the Italian side, as well as their participation in attending foreign exhibitions in Italy, and providing as many facilities as possible to obtain a visa.”

Abuseta also said: “The Chamber has objectives to activate the commercial movement by achieving greater communication between the two countries by inviting Italian companies and businessmen to participate in the Libyan exhibitions and to hold bilateral meetings.”

He concluded by saying: “Within a period of approximately one month, the door to join the Chamber will be opened through a provided link or by coming to the Chamber’s office in the Al-Dhahra region.”

The General Electricity Company reveals to our source exclusively the date of entering the West Tripoli station on the network

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The Director of the Safety Department at the General Electricity Company, Abdul Razzaq Saleh Al-Drouqi, told our source that “this celebration is for the International Labor Day. The employee is the mainstay of building any society and is also the basic building block for paving the way for reconstruction and construction.

He added: “We hope to cooperate from all segments of society and all sectors with the employees of the General Electricity Company and to overcome the difficulties in front of them because they seek to save energy and deliver it to the consumer easily.”

He continued by saying: “As for the station west of Tripoli, it will be in service at the end of this month or the beginning of next month, and this project has a production capacity of about 670 megawatts and will contribute to reducing energy losses.”

The head of the media unit at Al-Bonya company for Investment and Services, a subsidiary of the LPTIC, clarifies the company’s latest objectives and investment business

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The head of the media unit at Al-Bonya company for Investment and Services, Abdul Hakim Swaid, told our source that “the Libyan Post, Telecommunication and IT Holding company includes many companies, including Al-Bonya company, which owns all the properties that were formerly for the Postal Company, including all buildings and towers and what is not in its ruling, and it leases them to many communications companies.”

He added: “All of these buildings are owned by Al-Bonya company for Investment and Services, in addition to the lands previously owned by the General Postal Company. The company’s launch now will be my initial investment in implementing many civil programs for the community, such as hospitals, hotels, and others, and its resources will be based on this.”

He continued: “It is also possible to establish a partnership with other companies to enter into major investment projects, especially since the lands owned by the company throughout Libya through its seven branches and 31 offices at the state level, and we will employ all these capabilities in the near future.”

Deputy Representative of the Ukrainian President, in an exclusive interview with our source, expects his country to study several important issues with Libya if the war ends

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Today, Monday, our source conducted an interview with the Deputy Representative of the Ukrainian President, Alexander Gendyuk, about the Ukrainian crisis and its effects on the region. He said: “We are not only talking about political threats, but also about trade and food in a situation like North Africa, especially Libya. Ukraine is one of the largest countries in Europe and is the world’s largest exporter of sunflower oil and among the top 5 exporters of barley, corn, potatoes and wheat. In addition, Ukraine already provides the basic food needs of about 600 million people around the world. It is known that especially close cooperation in this sector is carried out with China, Turkey and a number of countries in the Middle East and North Africa, where the total share of Ukrainian products is of great importance from 25 to 30% in major categories.”

He explained that the Russian side, at the expense of the Black Sea fleet, is deliberately provoking cargo ships that are trying to carry out contracted food supplies from Ukrainian ports, making the transportation process impossible at the present time, adding that the sea transport corridors are the main arteries through which all agricultural exports are conducted, approximately.

“So it is impossible to imagine that in such conditions merchant ships can be safely used. Kyiv does its best to solve this problem but it will be possible to restore the normal functioning of maritime trade only after the active war phase is over. As we see that Russia is trying not only to destroy Ukraine But also to spark food crises in Africa and the Middle East.”

Gendyuk added to our source that the longer the war continues, the more damage Libya will suffer, and that during the next two years the average market value will be 30-40%, which will lead to serious provocation and an economic blow to Libyan citizens. “Anyway, I am convinced that the Libyan leadership has now to intensify dialogue with the Ukrainian side at the highest levels to find possible ways out of this situation.

He continued by telling our source that “there are many producers of agricultural products who can theoretically increase the production of some crops, but if we talk about global consumption for the coming years if the relevant measures are not implemented during a period by the producers among the top ten countries, the problem cannot be resolved and it will take several years to replace Ukrainian agricultural products and unite the forces of some of the most powerful countries, and in this sector I doubt that this will happen in the near future. I also think that in the coming months, the issue of food security at the global level will have to be discussed in order to distribute global reserves in the market in the most convenient way proportionately.”

Gendyuk indicated that in the case of the war ending, our country might consider the possibility of buying oil from Libya, but the question is to what extent Libya can do this. We are closely observing the difficult domestic political situation in Libya, where the protests stopped oil production in the largest field in the country. This means that production of at least 400,000 barrels per day has been stopped, with a maximum of one million barrels per day. This is a very dangerous matter and will lead to a rise in energy prices, and before that, the unloading and transportation of oil from the ports of Zueitina and Mellitah will stop. It is currently difficult to estimate the amount of oil exported from Libya to international markets.

One of the officials reveals the details of the concept a telecommunication radio that covers all parts of the country

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In an interview with our source today, Monday, during the Tripoli International Fair, the media official in the communications sector, Abdul Hakim Suwaid, said: “We are in the process of launching the project of a FM audio communication radio, and we have obtained verbal approval in this regard. It differs from the rest of the radio stations because it follows the communications, and it will become the only channel that can broadcast throughout Libya at one time.”

He added: “It can also be managed from the offices of the LPTIC according to the proposed scenario, which we hope will be approved. The work is distributed among the offices in this national work.”

In conclusion, he said: “If the decision was issued by the Holding Company to approve this matter, it would not take more than a month to activate the broadcast, due to the ease of transmitting the signal through communication lines gradually across all Libyan cities.”

Adel Jumaa reveals exclusively to our source details of the payment of a grant to the electricity company technicians

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The Minister of State for Cabinet Affairs and Prime Minister of the Government of National Unity, Adel Jumaa, said in an exclusive and special statement to our source, that “during today’s celebration, we confirmed the grant for technicians, which was approved during the Prime Minister’s visit last year at the station west of Tripoli.”

He continued, saying: “Technicians should be qualified and distinguished among electricity workers. Coordination has been made between the Ministry of Finance and the General Electricity Company in order to approve this value and how to start it. During the past week it was included in the fourth item of the Electricity Company.”

He revealed: “Starting from January 1, 2022, the salary of technicians in the General Electricity Company will include an additional 600 dinars. They have been counted by approximately 42,000 technicians in the General Electricity Company, coinciding with its announcement on this occasion and its confirmation.”

Dbeibeh issues a decision to pay a monthly allowance of 600 dinars to electricity workers

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The Prime Minister of the National Unity Government, Abdul Hamid Deibeh, issued a decision to pay a monthly allowance of 600 dinars to the technicians of the Electricity Company.

This came during a ceremony to honor the employees of the General Electricity Company, which was held today at the station west of Tripoli.

This is what the Libyan government of representatives has allocated for development projects in its next budget

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Our source obtained a copy of the value of the development projects allocated to the Libyan government mandated by the House of Representatives headed by Fathi Bashagha.

Starting with strategic projects such as electricity projects, airports, roads, bridges and ports, with a total of 5.65 billion dinars moving on to projects in various sectors, including housing projects, school development, social welfare, youth and sports stadiums, capacity development, security equipment and other projects, with allocations amounting to 8.45 billion dinars.

Thirdly, an amount of 1.87 billion dinars has been allocated to training and development projects and programs that include postgraduate projects and scholarships, development of educational curricula, the national program for digital transformation and specialized training programs for various sectors, and studies.

Finally, 1.73 billion has been allocated to the reserve for development projects, bringing the total allocations for Chapter Three for development to 17.7 billion dinars.

In details, the allocations of the sovereign and service ministries within the budget proposal of the Libyan government

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Our source obtained details of the budget proposal submitted by the Libyan government of the House of Representatives, which includes details of the budget of the ministries of the Libyan government affiliated to the House of Representatives, represented by the ministries of youth, the three ministries of education, of civil service, of public works, of economy, of industry, of agriculture, of civil aviation, of water resources and of social affairs.

Starting with the Ministry of Youth, in which 3.5 million dinars were allocated for the first chapter and 37 million dinars in the second chapter, the Ministry of Environment has got 16 million and 8 million dinars, respectively, in the two chapters, and the Ministry of Civil Service has got 6.2 million dinars for salaries and another 8 million under Chapter Two.

Our source obtains the value of allocations for hospitals and health centers within the budget proposal of the Libyan government

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Our source obtained exclusively the details of the budget proposal for the Libyan government of the House of Representatives, as it indicated in a number of tables to hospital allocations throughout the country.

Starting with residential educational hospitals, they have got a total of 851.80 million dinars in Chapter One and 410.80 million dinars in Chapter Two, the first of which is Tripoli University Hospital and the last of which is Al-Hawari Hospital in Benghazi.

Al-Jebu lists the reasons for the high exchange rate of the dollar

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The economic expert, Wahid Al-Jebu, spoke exclusively to our source, about the reasons for the rise in the dollar’s exchange rate against the dinar.

He said: “Perhaps a number of oil ports have stopped, and the lack of clarity of vision in the political conflict between the two governments, in addition to the rise in prices globally, led to an increase in the demand for the dollar.”

He added: “But the increase is slight because the country has witnessed a very large increase in the past years, reaching 8 dinars for one dollar in paper currency, while the price of the dollar on the instrument reached 12 dinars.”

He continued by saying: “In conclusion, the political and economic situation is confusing and it is unclear where the country is heading to achieve political and economic détente or vice versa.”

Al-Solh reveals the reasons for the rise in the dollar exchange rate

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The Economist Ali Al-Solh revealed exclusively to our source that the rise in the dollar exchange rate against the Libyan dinar is due to reasons related to the high interest rate of the US dollar.

He continued by saying that “this rise in the interest rate would raise the value of the US dollar against other currencies, adding that most central banks are therefore taking similar measures in order to reduce the expected inflationary pressures during this period.”

Sources at the Russian Ministry of Agriculture and Trade deny to our source what they are circulating about the export of Russian flour to Libya

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Sources from the Russian Ministry of Agriculture and Trade stated exclusively to our source today, Saturday, that they deny what is being said about the export of Russian grain and flour to Libya, as Russia itself needs wheat and sugar trucks.

For its part, they added to Sada that Russia does not have opportunities at the present time to restart exports abroad.