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.
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.
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.
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.
The Social Security Fund has criticized an amended law issued by the House of Representatives, which it says “threatens the fate of the Fund and will drag it into bankruptcy.”
The President of the Presidential Council (PC), Mohammed al-Menfi, discussed Sunday with the Governor of the Central Bank of Libya (CBL), al-Siddiq al-Kabir, the latest developments of the unification of the monetary authority in Libya.
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Deputy Governor of the Central Bank of Libya (CBL), Ali Al-Hibri, has accused “the current political class” in Libya of not showing any interest in the future of the country’s economy.
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.