Libya’s incumbent Prime Minister Abdul Hamid Dbeibeh announced a series of populist spending plans on Friday as he sought to strengthen his position against a push by the parliament to replace him with the premier-designate Fathi Bashagha.
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Browsing: Economy
Saddek El-Kaber, the governor of the Central Bank of Libya, is facing international pressure to cut funding for the Government of National Unity, led by incumbent Prime Minister Abdul Hamid Dbeibeh, diplomatic sources told The Libya Update.
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Saddek Omar El Kaber, the governor of the Central Bank of Libya (CBL), held a telephone conversation on Wednesday with British Ambassador Carolin Hurndall to discuss “issues of common interest,” according to a short statement by the bank.
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Libya’s public debt has reached 155 billion Libyan dinars (33 billion US dollars) as of this year, revealed a member of the government’s financial reform committee.
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Mohamed al-Menfi, chairman of Libya’s Presidential Council, held a meeting on Wednesday with Saddek Elkaber, the governor of the Central Bank of Libya (CBL), for discussion on the process of unifying the banks eastern and western branches.
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Founders, board directors and CEOs of Libyan inspection companies are no longer allowed to own more than 49% of the share capital of those companies, announced the Ministry of Economy.
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Libya’s Attorney General, Al-Siddiq Al-Sour, is in Belgium where he met on Tuesday with a number of state officials to discuss the Libyan assets frozen in Brussels.
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Siddiq al-Kabir, Governor of the Central Bank of Libya (CBL) hosted in his office on Sunday a rare meeting of the country’s top officials including Prime Minister Abdul Hamid Dbeibeh, Chairman of Presidential Council Mohamed al-Menfi, Chairman of High Council of State Khaled Al-Mishri, and Deputy Speaker of the House of Representatives Fawzi Al-Nuwairi.
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Libyan Prime Minister Abdul Hamid Dbeibeh held a meeting on Saturday with Finance Minister Khaled Al-Mabrouk to discuss a number of economic policies.
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The Deputy Governor of the Central Bank of Libya, Ali Al-Hibri, stated that 50% of the cash reserve has been spent since 2011 due to wars, political conflicts and the government deficit in the general budget.
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