Browsing: Business

Richard Norland, the U.S. Ambassador and Special Envoy to Libya, pitched the idea of involving the International Monetary Fund (IMF) in Libya’s domestic financial affairs before the upcoming general elections, sources close to the Libyan National Army (LNA) told The Libya Update.

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Head of the Libyan Presidential Council, Mohamed al-Menfi, met on Sunday with the Economy Minister, Mohamed al-Huwaij, to discuss ways to grease the wheel of national economy and expand the horizons of economic work based on well-studied strategic plans, according to the Council’s Media Office.
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Libya’s Oil Minister Mohamed Aoun has launched an investigation against Mustafa Sanalla, the chairman of the National Oil Corporation (NOC), over the latter’s refusal to hand over corporation leadership to Jadallah Al-Awkali, who was appointed by the oil ministry as the new NOC chairman last week.

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The Libyan Audit Bureau 2020 report said the Operations Department of the Tripoli-based Central Bank of Libya (CBL) retained during 2020 permissions to pay salaries, did not implement them, and did not take into account the hierarchy in their disbursement.
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Maltese Ambassador to Libya, Charles Saliba, affirmed his country’s keenness to enhance joint cooperation with Libya in all fields, especially in oil and gas sector.
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Governor of the Central Bank of Libya (CBL), Siddiq al-Kabir, met Sunday with work team formed by CBL’s departments to implement plan to unify the Bank, in Benghazi and Tripoli, according to the results of the International Financial Audit Review of the Bank, said CBL statement.
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Undersecretary of the Libyan Oil Ministry, Rifaat al-Abbar, praised the plan of offering projects for investment in the field of oil and gas in the two conferences to be held in the coming months in Texas, USA and Tripoli, Libya.
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The cohesion of Libyan oil sector was a main reason for restoring stability in the country, said Nicholas Hopton, the outgoing U.K. Ambassador to Libya. The British diplomat made his remarks during his last meeting with Mustafa Sanalla, the chairman of the National Oil Corporation (NOC), on Thursday.

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he Governor of the Central Bank of Libya (CBL), Siddiq al-Kabir, met on Tuesday with the Oil and Gas Minister of the Government of National Unity (GNU), Mohamed Awn, in Tripoli.
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The Italian Consul in Benghazi, Carlo Batori, held talks on Monday with eastern representatives of the Libyan Business Council to discuss the latter’s cooperation with Italian companies to implement the coastal motorway project.

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