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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Browsing: 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.
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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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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.”
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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.
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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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Faisel Gergab, former CEO of the Libyan Post Telecommunications & Information Technology Company (LPTIC) was arrested yesterday in Tripoli.
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