Consortium of American agricultural companies visit Libyan pivot irrigation project in east
The consortium visited the huge single pivot (circles) irrigated Jardinah Agricultural Project. The consortium were led by Ahmed Al-Ghazali, Vice President of the American Chamber of Commerce in Libya (AmCham). The four American companiesThe four American companies are: Valley Valmont for Center and longitudinal and Advanced Irrigation Systems; New Holland for agricultural tractors, harvesters and agricultural equipment of all types and sizes; FarmTech Company, which designed and implemented a large group of agricultural projects in Libya, including the Jardinah-Benghazi project; and FGM which specializes in project management. 9,000 hectares irrigated projectThe Jardinah agricultural project is one of the major Libyan agricultural projects with an irrigated area of the project is 9000 hectares. This makes the project of great importance and one of the best options to contribute to strengthening the principle of food security in Libya, achieving economic growth and contributing to social stability.
Source:Libya Today
May 01, 2024 17:02 UTC
Libya’s Benghazi based Tika Construction Chemicals makes waves in industry
Libya’s Tika Construction Chemicals, a growing enterprise founded in Benghazi, has quickly established itself as a key player in the construction chemicals market. Since launching operations in 2023 with its first production line of tile adhesives, the company has made significant strides in both local and international markets. These tile adhesives are engineered for securing ceramic and porcelain tiles, suitable for both indoor and outdoor applications. ExpansionExpanding its footprint, Tika has opened distribution outlets across Libya in cities including Tripoli, Benghazi, Misrata, Beida, Derna, and Tobruk. Achieving European Quality Mark and ISO-9001In recognition of its uncompromising quality standards, Tika Construction Chemicals has earned the prestigious European Quality Mark (CE Stamp) after rigorous testing at ApplusLabs in Spain.
Source:Libya Today
May 01, 2024 13:28 UTC
The ‘‘Made in Algeria 3’’ exhibition will be held from 3 to 6 June at the Tripoli International Fairgrounds.
The ‘‘Made in Algeria 3’’ exhibition will be held from 3 to 6 June at the Tripoli International Fairgrounds. The local organisers report that the event will include ‘‘the participation of a group of the most prominent Algerian companies specialized in various fields’’ enabling visitors to the event ‘‘to learn about their products and services’’. They added that visitors ‘‘will learn about Algerian products that are witnessing a strong development in the path of industry and trade’’, with the event offering Libyan counterparts ‘‘a bridge for communication and commercial (for those) looking for an effective partnership’’. 55 Algerian entities at Tripoli’s second ‘‘Made in Algeria’’ exhibition (libyaherald.com)RELATED POSTS No Content AvailableMade in Algeria expo to be held in Tripoli 28 to 31 May at Tripoli Sports City (libyaherald.com)Algeria and Libya’s strategic ‘‘gateway’’ location and sub-Saharan Africa’s huge potential heralds great potential for transit trade (libyaherald.com)More meetings on reopening the Ghadames-Debdeb Libyan Algerian border crossing (libyaherald.com)Algerian business delegation Tripoli visit in mid-July, maritime line, readiness to open Ghadames land border – discussed with Algerian ambassador (libyaherald.com)Algeria’s Sonelgaz delegation arrives in Tripoli to progress electricity cooperation agreement (libyaherald.com)Algeria to reopen its border with Libya as part of its diversification plans – by becoming hub for sub-Saharan transit trade | (libyaherald.com)Customs Authority preparing to reopen Libyan-Algerian Ghadames-Debdeb border crossing | (libyaherald.com)Libya and Algeria agree to resume flights, reopen land borders and launch maritime lines | (libyaherald.com)Libyan Economy Minister participates in Algerian Libyan Economic Forum 29-31 May | (libyaherald.com)Libya and Algeria discuss increased economic cooperation and 29 May Algerian-Libyan Economic Form | (libyaherald.com)Algeria to accelerate reopening of its borders with Libya | (libyaherald.com)High level Algerian delegation visits Tripoli | (libyaherald.com)GECOL signs wide cooperation agreement with Algeria’s Sonelgaz | (libyaherald.com)Algerian Sonelgaz electricity engineers arrive in Libya to help in generator maintenance | (libyaherald.com)Algeria’s Sonelgaz discusses electricity exports with GECOL | (libyaherald.com)Re-opening of Libya-Algeria Ghadames-Debdeb boder crossing could increase Algerian exports to Libya to US$ 20 billion (libyaherald.com)Libya and Algeria to activate existing health agreements (libyaherald.com)Libyan General Union of Chambers signs MoU with Algerian counterpart (libyaherald.com)Libya desires to strengthen and develop relations with Algeria in various fields and at all levels: PM Aldabaiba (libyaherald.com)
Source:Libya Today
May 01, 2024 09:16 UTC
Economy Minister issues decision to guarantee credit funds – move should help increase business loans and drive Libyan economy
The Tripoli based Minister of Economy and Trade, Mohamed Al-Hwej, issued a Ministerial decision yesterday approving the regulations for granting guarantees to the credit fund. The fund works to guarantee a proportion of the risks facing financial institutions operating in Libya, such as banks, to finance economically viable projects. It is hoped that the decision, reducing the exposure of banks to business loan risks, will encourage banks to take more risk in giving out loans to businesses and help motor the private sector Libyan economy. The decision coincides with Libya signing an MoU yesterday with the Islamic Development Bank Group (IsDB) to establish the National Fund for Economic Empowerment. Libya signs MoU with Islamic Development Bank to establish the National Fund for Economic Empowerment (libyaherald.com)
Source:Libya Today
May 01, 2024 02:23 UTC
IPL 2024 in Libya: Catch all live updates, scores, live streaming and commentary
IPL 2024: Latest updates and informationIPL 2024: Teams, Schedule and how to watch the game in LibyaFAQs:(You can now subscribe to our(You can now subscribe to our Economic Times WhatsApp channelExpect some humongous scores and magical bowling figures this Indian Premier League 2024 as it kicks off this March 22. Therefore, nothing is going to stop you from rooting for your favorite teams this IPL season.IPL stands for the Indian Premier League. It is a star-studded cricket tournament organised by the BCCI every year in India. Top international cricketers play in this massively followed sports league.Virat Kohli from Royal Challengers Bangalore (RCB) is the highest scorer in IPL history, amassing a total of 7000+ runs. Shikhar Dhawan and David Warner come next in the list with a massive 6000+ runs.
Source:Libya Today
March 16, 2024 20:50 UTC
Deputy HoR Speaker: Taxing dollar exchange transactions isn't right
The First Deputy Speaker of the House of Representatives (HoR), Fawzi Al-Nuwairi, announced his rejection of the decision to impose a tax on the official exchange rate, describing the decision as invalid in terms of its foundation and issuance, and unjust in its aims and results, saying he was not involved in its dangerous consequences and disastrous results. About 30 HoR members announced their rejection of the decision to impose a tax on the official exchange rate, and demanded its withdrawal. The members added in their statement that in no case can a tax be imposed except by a law issued by the HoR in full quorum. On Thursday, the HoR Speaker issued a decision to impose a tax on the official exchange rate of foreign currencies by 27% for all purposes. The CBL Governor proposed on March 05, through a letter addressed to the House of Representatives, to impose a tax on the official exchange rate by 27%, with the exception of sectors funded from the public treasury.
Source:Libya Observer
March 16, 2024 18:19 UTC
Libyan HoR Speaker passes decree imposing tax on foreign exchange rate
Ageela Saleh, the Speaker of Libya’s parliament, the House of Representatives (HoR), has approved a request from the Saddek El-Kaber, the Governor of the Central Bank of Libya (CBL), to impose a tax/fee/levy of 27 percent on the current official LD exchange rate. The new flexible rate would allow the CBL Governor to sell the US dollar at a range from LD 5.95 to LD 6.15 – depending on market conditions. The current official exchange rate is LD 4.95 per dollar. The parallel black-market rate yesterday was LD 7.26/dollar. The ‘‘decree’’ by Saleh is valid until the end of 2024 and prescribes that revenues generated from the 27 percent ‘‘fee’’ are used to cover the expenses of development projects and repay the public debt.
Source:Libya Today
March 16, 2024 16:49 UTC
Warm winter could cause trouble before the start of April
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Source:Libya Today
March 16, 2024 15:32 UTC
HoR Speaker Saleh passes ‘‘decree’’ approving CBL Governor’s 27 percent tax on official FX transactions – decree rejected as unilateral without parliament’s approval
The current official exchange rate is LD 4.95 per dollar. They, meanwhile, deem the exchange rate being within the jurisdiction of the Management of the Central Bank in accordance with Law No. Libyan banking laws/regulations prescribe that only the CBL Board can set/adjust the LD exchange rate. El-Kaber does not have that power unilaterally and any LD exchange rate adjustment by him would be deemed unlawful. Deputy HoR head calls on State Council to install Shukri as new CBL Governor (libyaherald.com)HoR elects Mohamed Al-Shukri as new CBL governor; Hibri humiliated (libyaherald.com)CBL Governor Saddek Elkaber sacked again (libyaherald.com)
Source:Libya Today
March 16, 2024 10:35 UTC
60 migrants die on trip from Libya in dinghy
The European charity’s ship Ocean Viking spotted the dinghy with 25 people on board WednesdaySurvivors rescued from the deflating rubber dinghy. Pic/APListen to this article 60 migrants die on trip from Libya in dinghy x 00:00Survivors rescued from a deflating rubber dinghy in the Mediterranean Sea have reported that some 60 people who departed Libya with them more than a week ago perished during the journey, the humanitarian rescue group SOS Mediterranee said Thursday. The European charity’s ship Ocean Viking spotted the dinghy with 25 people on board Wednesday. Migrant boat sinks off Turkey’s coastADVERTISEMENTA rubber dinghy carrying migrants sank off Turkey’s northern Aegean coast on Friday, killing at least eight people, officials said. Turkish coast guard personnel rescued two migrants from the sea off the town of Eceabat in Canakkale province, while two others reached the shore by themselves.
Source:Libya Today
March 16, 2024 06:08 UTC
HoR imposes tax on the foreign exchange rate
Speaker of the House of Representatives (HoR), Aguila Saleh, has issued a decision on Thursday, imposing a fee on the official exchange rate of foreign currencies of 27% for all purposes until December 31 of the current year, 2024. According to the decision, the exchange rate must be in addition to this percentage, with the possibility of reducing it according to the revenue of the Libyan state. The Governor of the Central Bank of Libya is charged to implement this decision, provided that the currency is available to banks operating in Libya, according to the decision.
Source:Libya Observer
March 15, 2024 21:19 UTC
There’s a US border on Irish soil. Here’s why
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Source:Libya Today
March 15, 2024 18:20 UTC
European charity ship rescues 135 migrants but is assigned to distant port in Italy with 359 aboard
The rescue personnel of the SOS Mediteranee's humanitarian ship Ocean Viking attend migrants rescued from a deflating rubber dinghy in the Central Mediterranean Sea, Wednesday, March 13, 2024. Survivors reported that some 50 people who departed Libya with them a week ago had perished during the journey.
Source:Libya Today
March 15, 2024 16:35 UTC
Nation-world news in brief for Friday, March 25, 2024
(AP) — Suspected tornado have raked parts of Ohio, Indiana and Kentucky, damaging dozens of homes and leaving people without electricity. ADVERTISINGColorado snow storm knocks out power for thousandsDENVER (AP) — A major storm is dumping heavy, wet snow in Colorado. Officials said Thursday that the names were provided to a regional trade bloc known as Caricom that is helping lead the transition. SOS Mediterranee says its rescue ship Ocean Viking spotted the dinghy Wednesday with 25 people on board. The FAA is also investigating an incident last week in which a United Airlines Boeing 777 lost a tire during takeoff in San Francisco.
Source:Libya Today
March 15, 2024 11:42 UTC
Canadian women climb one spot to No. 9 in latest FIFA rankings in wake of W Gold Cup
The Canadian women, who outscored the opposition 14-0 in winning their first four matches at the inaugural women's Gold Cup, climbed one spot to No. 65, up five), Puerto Rico (No. 88, up 21) made the biggest jump, after wins over American Samoa, Samoa and Fiji. El Salvador, Kosovo, Lebanon, Nepal, Puerto Rico, Saudi Arabia, Solomon Islands, Spain, Tanzania and Zambia have all achieved their highest-ever points totals. The next women’s rankings will be released June 14.
Source:Libya Today
March 15, 2024 11:39 UTC