The European Union’s Ambassador to Libya, Sabadell Jose, met on Wednesday with Labor Minister Ali Abed Reda in Tripoli where they discussed supporting efforts to create jobs in the country.
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Browsing: Economy
Faisel Gergab, former CEO of the Libyan Post Telecommunications & Information Technology Company (LPTIC) was arrested yesterday in Tripoli.
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The Belgian judiciary wants the chairman of Libya’s sovereign wealth fund arrested on charges of corruption and embezzlement, Belgian magazine De Tijd reported.
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The Central Bank of Libya (CBL) has published the government expenditures for 2021, which amounted to $24.5 billion (85.8 billion Libyan dinars), contradicting with the numbers published by the Government of National Unity (GNU), headed by Abdul Hamid Dbeibeh.
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Libya’s spending was 84 billion dinars ($18 billion) in 2021 and there was no fiscal deficit, the spokesperson for the transitional Government of National Unity, Mohamed Hamuda, told a news conference on Thursday.
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Deputy Chairman of the Presidential Council, Abdallah Al-Lafi, and his accompanying delegation arrived on Wednesday in the Central African Republic.
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Libya’s Economic Working Group (EWG) co-chairs emphasized the importance of a reunifying Central Bank of Libya (CBL), underscoring the necessity to maintain the unity and independence of the country’s sovereign economic and financial institutions.
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The Economic Working Group of Libya, convened a plenary meeting on 15 December to discuss the progress of reunifying the Central Bank of Libya with Governor Saddek El-Kabir and Deputy Governor Ali El-Hebri, the United Nations Mission in Libya (UNSMIL) said on Friday.
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Libyan Prime Minister Abdul Hamid Dbeibeh on Wednesday accused Belgium of seeking to seize €14 billion euros ($15 billion) in Libyan assets frozen by the United Nations since 2011, AFP reported yesterday.
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The Governor of the Central Bank of Libya (CBL), Siddiq al-Kabir, has agreed with the Deputy Governor of the Central Bank of Egypt, Jamal Najm, to set a framework for joint cooperation.
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