Libyan Economy Minister, Muhammad al Hawij, spoke of the possibility of the “safe” return of U.S. companies to Libya, to complete the pending projects, following a meeting with some representatives of the United States Chamber of Commerce.
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Mohammed al-Menfi, the chairman of the Presidential Council, has reportedly held a closed-door meeting on Thursday with Saddek Elkaber, the governor of the Central Bank of Libya (CBL), in which they agreed to reopening the banking clearing next week.
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Ali Al-Hibri, Deputy Governor of the Central Bank of Libya (CBL), denied that he had declared to some newspapers about the approval of CBL Board of Directors to open the clearing system between banks.
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Turkish President, Recep Erdogan, demanded the Prime Minister of the of the Libyan Government of National Unity (GNU), Abdul Hamid Dbeibeh, who is visiting Istanbul these days, to pay an amount of 5 billion dinars ($3.8 billion), as “debts owed from previous years, according to press sources.
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Prime Minister of the Government of National Unity (GNU), Abdel Hamid Dbeibeh, and Turkish President, Recep Erdogan, agreed to address issues of letters of guarantee for the Turkish companies contracting in Libya, and the debts accumulated for decades, according to GNU.
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The state budget proposed by the Government of National Unity, which is worth 111 billion Libyan Dinars ($24 billion), could increase inflation rate in Libya, said Musbah Akkary, a member of the Central Bank’s Exchange Rate Adjustment Committee.
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Chair of the Libyan National Oil Corporation (NOC), Mustafa Sanalla, confirmed the Corporation’s total dependence on the Libyan Foreign Bank (LFB) regarding sales of crude oil and imported fuels.
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The co-chairs of Libya’s Economic Working Group discussed with Prime Minister Abdul Hamid Dbeibeh, as well as representatives of the…
Federation of Libyan Chambers of Commerce, Industry and Agriculture and its Emirati counterpart agreed to enhance trade cooperation and establish joint investment projects, according to the Libyan Ministry of Economy and Trade.
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Informed sources confirmed that the Governor of the Central Bank of Libya (CBL), Siddiq Al-Kabir, had been seeking for some time to open the file of compensation for Turkish companies without even requiring them to resume work in exchange for successive compensation payments.
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