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The designated Minister of Economy tells our source about the dialogue session on the repercussions of the global crisis and the details of the contract with the American Water Supply Company

The designated Minister of Economy, Ali Al-Abed, revealed exclusively to our source during the launch of the dialogue session on the global economic crisis and its repercussions on the Libyan economy, saying that: “The impact of this crisis and its solution is through the Food Security Plan 2027.”

He added: “Regarding the American company, we will have a meeting with them after the blessed Eid al-Fitr, because linking the technology of power generation to the pump and pumping water must be manufactured by one company, as we should not bring a solar energy company on the one hand and the center pivot irrigation department on the other hand, which it works with fifty horsepower and needs a strong ampere to pump water.”

Wahda Bank reveals to our source of the receipt of children’s allowances for six months

Wahda Bank revealed exclusively to our source that the six-month children’s grant allocations were received from the Ministry of Social Affairs through the Central Bank of Libya.

According to the bank, they are working to include it in the accounts of its beneficiaries, with an emphasis on the continued availability of cash.

Saving & Real Estate Investment Bank reveals to our source the new details about the housing loan grant

The Office Director of the Director General of the Savings & Real Estate Investment Bank, Siraj, explained in an exclusive statement to our source that “the housing loan system was issued by the government and on this basis we formed a joint committee, but  there are no developments so far.”

He added, stressing that there is a will and effort on the part of the government to run the lending program, but there is no specific date in particular till now.

The Undersecretary of the Ministry of Finance Akra confirms to our source that the correspondence attributed to the Minister of Finance allocating 100 million dollars to the joint force is forged

The Undersecretary of the Ministry of Finance for Budget Execution Affairs, Ibrahim Akra, confirmed in an exclusive statement to our source that the messages circulated and attributed to the Minister of Finance of the National Unity Government, Khaled Al-Mabruk,  allocating 100 million for the benefit of the joint force, are incorrect and forged.

Akra confirmed that the minister was traveling on April 13, as a number of social media pages circulated these correspondences, which Akra explained to our source, that they were forged.

An oil source confirms the closure of the Hariga oil port

Our private oil source confirmed today the closure of the Hariga oil port.

The same source had confirmed that the reasons for closing the fields and ports lie in lifting the ban on oil revenues, as the fields and ports that are now closed are represented in Sharara, El Feel and Zuwetina, with Abu-Attifel Field reducing its production.

Documents stating the conflicting statement of Adel Jumaa today regarding the price of sacrifices that were allocated to the needy

Our source obtained a document stating that the original price of the sacrifices allocated by the government to the needy is 1,800 dinars as part of its decision during the previous Eid Al-Adha.

According to the documents obtained by our source, the sacrifices were sold at a value of 1800 Libyan dinars, contradicting the statement of Minister Adel Jumaa, who reported a value of 900 dinars, which means half of the value of the sale. This reinforces the existence of great corruption in the state, according to our private sources.

The Minister of State’s statements came in a meeting held by Prime Minister Abdul Hamid Dbeibeh, due to statements in which the former head of LPTIC, Faisal Qarqab, accused the Prime Minister of systematic corruption, in an exclusive televised interview with the economic journalist Ahmed Sanussi.

An oil source reveals the reasons for closing some fields and ports

Our oil source confirmed that the closed fields for today are Sharara and El-Feel, in addition to Zuwetina port.

According to the source, Abu-Attifel field has also reduced production, noting that the reasons for all of the above are lifting the block on revenues, according to data issued by those responsible for closing the fields and ports.

Faisal Qarqab: “These are the most prominent projects that we have worked on at the LPTIC”

The former head of the Libyan Post Telecommunications & Information Technology Company, “Faisal Qarqab, said in a statement to the Flusna program: “The work team and company managers are not my relatives, and we work efficiently in the LPTIC.”

He added: “In 2014, we wanted to bring in a foreign person as an executive director in one of the sector companies. A lot of problems resulted, but we did not take any step without consulting the Audit Bureau.”

He revealed: “We have launched a national program for digital transformation since 2013 by making all government sectors without the need for citizens to stand in queues and travel from one city to another.”

He added that “we are not a party of the US-Chinese conflict regarding the fifth generation and the accusations between the two sides of espionage, but the government must make a political decision in this regard.

He continued by saying: “Our contract with the American “Infinera” company with Hatif Libya is an important shift to change the dividers, to increase data transmission capacities, and to work on a submarine cable between Libya and Europe and a fiber-optic cable with Africa to be a transit country in data transmission. We faced fierce opposition in this matter.”

He emphasized by saying: “The circumstances I went through made me refrain from everything related to the state and government. Positions became granted to all. After this experience I began thinking a thousand times before going into a new one.”

He added: “We invested 100 million dinars for sustainable development and entrepreneurship support, which provided us with many successful projects.”

He stressed: “In the darkest of circumstances, there was always a glimmer of hope that make us wake up every morning to work again.”

The Maltese ambassador reveals exclusively to our source the start of a direct line for trips through Misrata, with fees and details

The Maltese ambassador to Libya, Charles Saliba, said exclusively to our source that there will be a direct flight between Libya and Malta through Misrata airport, starting next May, in addition to the fact that the Maltese embassy has started accepting tourist visas for Libyan citizens.

The ambassador emphasized that the fees are regulated by EU regulations. Tourist visa fees amount to 80 euros for anyone over 12 years old and 40 euros for children between 6 and 12 years old. The foreign visa service provider will also charge a service fee of no more than 40 euros. All fees are payable in the equivalent in dinars.

The Minister of Economy and Trade in charge of the Government of National Unity conducts an inspection tour of the main market for vegetables and fruits in Janzur

In an exclusive statement to our source, the Minister of Economy and Trade, Ali Al-Abed, revealed an inspection visit he made today, Friday, April 15, to the central vegetable and fruit market in Janzur.

He added that this visit is to see the functioning of the market and the regular flow of commodities trading.

The Minister also reassured market workers with the support of the National Unity Government for the development and circulation of central markets for commodities and vegetables so that they are available to the citizen at a quality and price accessible to all, with the merchants informing that every season there is a demand, and as a result, prices rise in the beginning and gradually decrease after a few days.

He revealed that this market covers all markets in Libya and is a wholesale market, adding about the price of goods that they sell at the lowest maximum set by the Ministry of Economy in its decision to adjust prices.

At the end of his speech, Al-Abed reassured the citizens that goods are available in the markets and that prices are within everyone’s reach.

The Ministry of Social Affairs announces to our source exclusively about the developments and the date of disbursing the grant for the entire months

The Director of Communication and Information at the Ministry of Social Affairs, Khaled Masoud, said in an exclusive statement to our source: “The Ministry of Social Affairs has referred 38,000 entries from the arrears of January, February and March for the current year, and we are working to disburse the dues for the month of April, May and June.”

He also confirmed that the dues for the months of July, August and September will be disbursed before Eid.

An Italian analyst said to our source: “The Central Bank stops funding for Dbeibeh”

The Italian political analyst Daniele Ruvinetti told our source today, Thursday, that the central bank closed the funds in front of Dbeibeh, as the central bank decided not to give additional money to the Dbeibeh government, but it could only give money to pay salaries.

Ruvinetti added to our source that “this step will not be approved by Dbeibeh, of course, but this decision is from the Central Bank, as I think that the Central Bank takes into account the decisions of the House of Representatives.”

The government’s plan to develop the oil sector, which caused the National Oil Corporation to lift the block on revenues

Our source obtained exclusively the resolution of the Prime Minister of the Government of National Unity Abdul Hamid Dbeibeh N° 154 of 2022 regarding the development of the oil sector, which aims to transfer the value of its financial obligations and budget, and address the conditions of its employees with the assignment of an international consulting office working with the Audit Bureau to complete the development plan of the institution, with reference at the end of the items that that the Corporation will transfer the oil revenues from the external bank as the previous mechanism.

The resolution stipulated in the first item and the existing obligations to transfer the value of the accumulated obligations on the National Oil Corporation with a total of 6,435,601,000 in the account of the National Oil Corporation, within two weeks from the date of signing this report, provided that it is subject to the control of the Libyan Audit Bureau and in line with the applicable laws. As well as in the second item, dealing with the conditions of the employees of the National Oil Corporation and its subsidiaries who did not receive their salaries and the due bonuses, within a month from the date of signing this report, in addition to settling the administrative and financial conditions of the employees of the National Oil Corporation and its subsidiaries.

The resolution added also in the third item, which includes the proposed development plan for the National Oil Corporation, to open the door for discussion on the proposed development plan and strategy for the National Oil Corporation to the Council of Ministers of National Unity Government, in addition to preparing a general vision for the Corporation’s budget for the year of 2022 and how to cover it according to the chapters and its components. Also, opening the door for discussion on the budget of the Corporation during 2022, in addition to issuing a resolution by the Council of Ministers for the Government National Unity that provides for the adoption of temporary and emergency financial arrangements for the Corporation for 2022 (according to the attached statement) aiming at the following: Transferring the value of the existing obligations with a total value of 6,435,601,000 to the account of the National Oil Corporation, as referred to above, provided that it is subject to the oversight of the Audit Bureau and does not contradict the laws and legislations in force. Second, financing the Corporation’s plan for 2022 on all other spending sections to bring production to about 1.450 million barrels per day by the end of 2022, provided that the Corporation proceeds with the implementation of what is expected of it through a clearly defined plan and a specific and clear time. Third, the liquidation of financial allocations is in accordance with cash flows and is subject to the supervision of the Ministry of Planning in accordance with Law N° 13 of 2000, regarding planning and the regulations and controls issued pursuant thereto.

In conclusion, the National Oil Corporation must, within two weeks of its date, complete its three-year development plan (2023, 2024, 2025) and submit it to the Council of Ministers for approval in order to issue a decision on financial arrangements to finance the development plan of the Corporation. The Government of National Unity must appoint an international advisory office to work in coordination with the Libyan Audit Bureau to supervise the implementation of the Corporation’s plan for 2022, and to review and supervise the Corporation’s development plan in modern and advanced ways. This is in addition to dealing with all budget sections of the National Oil Corporation and its subsidiaries on Chapter Three (development in the state’s general budget) as it is of a developmental nature. The National Oil Corporation shall implement bank transfers with the oil revenues at the Libyan Foreign Bank, provided that the previous mechanism regarding oil revenues and its re-establishment and deposit in the sovereign account with the Libyan Foreign Bank and from it automatically to the accounts of the Ministry of Finance with the Central Bank of Libya.

The most prominent economic recommendations contained in the proposal of some members of the Joint Committee of the House of Representatives and the Supreme Council of the State

Some members of the Council of the Joint Committee of the House of Representatives and the Supreme Council of the State submitted a proposal for discussion, during their meeting in Cairo on the twelfth of this April, to agree on the constitutional basis and electoral laws under the auspices of the UN mission.

Among the general principles identified in the proposal are participation, equitable distribution of resources, equal opportunities, rationalization, curtailment and reduction of public spending, as well as local governance, expanded financial and administrative powers, a constitution, a free economy, fees and taxes to finance the budget, and protection and social responsibility for people with low incomes.

As for the objectives, they included the unification of state institutions, reparation for damages, the return of the displaced and immigrants, encouraging development and reconstruction programs outside the state budget, stimulating the Libyan private sector to participate in development projects, a free economy, expanding the base of private ownership, preventing government monopoly, separating management and ownership, and gradual treatment of the public economic and financial crisis.

Also, laying the basis for increasing Libya’s production of oil and gas from outside the state’s general budget with the participation of the public sector for the private sector for local and global supply, refining and manufacturing oil and gas locally in partnership with the Libyan private sector and foreign investors to absorb money supply, provide jobs and achieve development in all fields according to the constitution and its articles for the participation of the public sector for the private sector, as stated in Chapter Seven of the Administrative Contracts Regulations, which clarifies the mechanism for financing projects from outside the state’s general budget. The latter was not used by previous governments and their focus on public spending and expansion.

The proposal also stipulated that the Prime Minister and the Council of Ministers commit themselves to do the basic work for reparation within five months of their receipt by imposing fees on issuing visas, recruiting workers, residence permits, new cars, and on selling cigarettes and fuel (because they are the largest budget financing items in countries) after substituting commodity-to-cash subsidies and distributing shares. Public companies are free of charge to the Libyan people because they are funded by the public treasury to form general assemblies that represent the owners, and to be committed within a month of their receipt by issuing a local government decision with the expanded and internalized financial and administrative powers under the constitution and to benefit from the studies and decisions issued in this regard previously.

To be committed also, within two months of receiving them, to issue the executive regulations of the Libyan Commercial Law 23 of 2010, which defines the Libyan identity for the Libyan economy, and to reduce and reduce public spending within two months of their receipt and in consultation with the Audit Bureau, to issue the executive regulations for regulating partnership between the public sector and the private sector in accordance with the constitution and Chapter Seven, the list of administrative contracts.

As well as the commitment, within three months of their receipt, to develop a vision and basis for changing the administrative contracts of an investment nature into investment contracts after the adoption of the executive regulations for the participation of the public sector for the private sector, and to set a vision and basis for public financial reforms and use the program and performance budget in coordination with the Economic Development Council and activate the Investment Cheque Law N°4 of 2016 in consultation with the Central Bank of Libya and benefiting from the program proposed by the Central Bank of Libya regarding economic reform after the conflict, and by laying a foundation and vision through the National Program for Small and Medium Enterprises and the United Nations institutions, in order to open an expanded field for small and medium enterprises to include young people in development projects throughout the Libyan territory.

The Prime Minister and the Council of Ministers have to commit themselves, within five months of their receipt, to the settlement of development projects and infrastructure in Libya by benefiting from the assets of the Libyan Investment Corporation, the Libyan Internal Investment and Development Fund, local and international financial institutions, and he Libyan private sector in accordance with the constitution and the participation of the public sector to the private sector. The commitment has to be made within three Months from their receipt by setting a vision and basis for health insurance for the entire Libyan people, settling treatment at home according to the constitution, the participation of the public sector and the private sector, providing cash support instead of commodities for chronic disease owners, benefiting from the experiences of countries and United Nations institutions, and issuing the executive regulations for Law N°20 of 2010 on health insurance.

According to what was mentioned during the proposal, the Prime Minister and the Council of Ministers have to commit themselves, within two months of their receipt, to establishing a vision and basis for distributing oil revenues, with allocating part of the revenue to the cities and villages surrounding oil fields and sites, and committing, within three months, to restructuring the National Oil Corporation to be a holding company working in exploration and production, without the services, and allocating part of its revenue to cover its administrative, operational and development expenses. Within our months of receiving them, a commitment is made to set a vision and basis for reducing the use of diesel, natural gas and crude oil in power plants, restructuring the General Electricity Company, and expanding alternative energies, the most important of which are solar, wind and hydrogen for their availability in Libya under the participation of the public sector to the private sector and benefit from the experiences of countries and the United Nations.

The Prime Minister and the Council of Ministers also commit themselves, within two months of their receipt, to establishing a vision and basis for reducing embassies and consulates abroad, reducing staff, and maintaining embassies and consulates with countries with which Libya has commercial and economic relations of more than five million dollars annually, and that the commitment is made within three months of their receipt to develop a vision and a basis for the investment map in Libya and to open of residential, industrial, recreational, tourist, service, commercial and other schemes.

It was also mentioned that the Prime Minister and the Council of Ministers commit themselves, within a month of his assignment, to hold an economic forum based on studying the alternative to the failed system, as well as the experiences of countries and the transition from the feudal state to the state of citizenship in accordance with the principles of small government to address organizational and development errors, and to study the national renaissance project to move from the labyrinth of wealth distribution to prospects for the wealth industry (the modern citizenship state project through the practical framework of the principles of small government) to achieve the best possible level of justice and transparency and the return of the spirit of citizenship to citizens, which automatically leads to the return of a sense of actual belonging to the homeland to achieve peace, stability and prosperity.

The Prime Minister and the Council of Ministers commit themselves, within a month of receiving them, using the standards and specifications of the United Nations, to appoint an advisory body of technocrats, holders of higher educational qualifications and work experience in international institutions and businessmen to Libya to provide advice that keeps pace with the times to the government and its institutions.