The head of the General Union of Chambers of Commerce, Industry and Agriculture, Mohamed Al-Raied, said that an economic delegation from Turkey and Egypt will visit Libya before Ramadan. To discuss economic cooperation. Al-Raied in a statement to Anadolu Agency, on Monday, on the sidelines of the third session of …Read More »
The stranding of the Panamanian ship in the Suez Canal will cause an increase in oil prices and world trade.
Economic analysts predicted, on Thursday, that the accident of stranding a Panamanian container ship in the Suez Canal would raise oil prices, transportation and insurance, and the cost of global trade. Kuwaiti economic analyst Hajjaj Boukhdour told the Russian news agency “Sputnik” that the ship “EVERGREEN” stranded in the Suez …Read More »
British web site: Al-Kabeer owns a commercial bank in Britain, and there is abuse of power in managing the bank.
A report by the English website “Global Witness” revealed that the Central Bank of Libya owns a network of commercial correspondent banks spanning the five continents, and that the main intermediary for letters of credit is “ABC” Bank indirectly owned by the Central Bank of Libya and its, Governor Al-Siddiq …Read More »
English website “Global Witness” reveals the Central Bank’s manipulation of documentary credits and the indirect ownership of a major bank in Britain.
Our new report illustrates how Libya appears to be losing millions of dollars annually through the fraudulent use of the LC system, run by the Central Bank of Libya. Despite being a vital factor in meeting Libya’s import needs, the appropriations system has been plagued by misuse, which our new …Read More »
The National Oil Corporation announced that last December’s revenues from sales of crude oil, gas, petroleum products and petrochemicals reached record levels. $ 1,115,210,431.95. The Corporation said in a statement on Saturday that revenues were deposited in its account in the Libyan Foreign Bank, in line with the temporary arrangements …Read More »
The Undersecretary of the Foreign Ministry for Technical Affairs, Mahmoud Khalifa Al-Tilisi, discussed with the Italian ambassador to Libya “Giuseppe Buccino” the initiation of the implementation of the fourth sector of the coastal road project, from Emsaed to Ras Ajdir within a specified period of time. Giuseppe presented a draft …Read More »
The World Bank said Sunday that the failure to achieve political stability in Libya was hurting the country’s long-term economic growth. In its annual report issued in January, the bank added that oil production in the Middle East and North Africa region is expected to recover, supported by the rapid …Read More »
The head of the Supreme Council for Tunisian and Libyan Businessmen, Abdel Hafiz Al-Sakraafi, said that Tunisia is seeking to obtain a major contribution in the reconstruction of Libya, estimated at $ 10 billion in the coming years. Al-Sakraafi added, in a statement to the Al-Araby Al-Jadeed website, on Friday, …Read More »
On Monday, the National Oil Corporation acquired the shares of the Norwegian “Yara” company in the Libyan-Norwegian Fertilizer Company, after negotiations with all concerned parties. The Corporation said – in a statement – that the acquired shares of the company is 50%, and with this step the ownership of the …Read More »
The Economist: Libya Will Be Among The Top Ten Fastest Growing Countries In The World Next Year After The Oil Sector Recovers.
The British “Economist” magazine suggested that Libya would be among the ten fastest growing countries in the world next year, with a GDP growth rate of 20.9%, supported by a recovery in oil and gas production. In its report on growth expectations next year, the magazine emphasized that the high …Read More »