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Source:Libya Today
March 10, 2024 13:22 UTC
A tripartite meeting between the Heads of the Presidential Council and High Council of State, Mohammed Menfi and Mohammed Takala and the Speaker of the House of Representatives (HoR) Aguila Saleh, will be held today in Cairo, according to what Bawabat Al-Wasat website reported, citing the Second Deputy Chairman of the High Council of State, Omar Al-Obeidi. Al-Obeidi said on Saturday that the meeting will be held on Sunday and it comes at the official invitation of the Secretary-General of the Arab League, Ahmed Aboul Gheit. The anticipated meeting comes as UN envoy Abdoulaye Bathily’s initiative to end the current political impasse has stalled. In November, Bathily called on the leaders of the five main parties in Libya to hold a meeting to discuss the next steps for the electoral process
Source:Libya Today
March 10, 2024 09:41 UTC
Libya is currently facing various economic challenges that are causing difficulties for its citizens. This directly affects their purchasing power, making their financial situation even more challenging. This economic downturn is limiting citizens’ access to cash and adding to the financial challenges they are already facing. Given these economic challenges, Libyans are uncertain about their financial future and their ability to afford basic necessities. There are three basic indicators related to the economic situation in the Libyan market.
Source:Libya Today
March 10, 2024 00:07 UTC
| At Least 10 Dead And 10 Missing As Landslide And Flash Floods Hit Indonesias Sumatra IslandAt least 10 dead and 10 missing as landslide and flash floods hit Indonesia’s Sumatra islandRescuers pulled out seven bodies in the worst-hit village of Koto XI Tarusan, and recovered two others in two neighbouring villages, said National Disaster Management Agency's spokesperson Yusrizal. Padang: Torrential rains have triggered flash floods and a landslide on Indonesia’s Sumatra island, killing at least 10 people and leaving 10 others missing, officials said Saturday. He said that 46,000 people had fled to a temporary government shelter after the flood and landslide buried 14 houses while 20,000 houses were flooded up to the roof. “Relief efforts for thedead and missing were hampered by power outages, blocked roads covered in thick mud and debris,” Yusrizal said. Heavy rains cause frequent landslides and flash floods in Indonesia, where millions of people live in mountainous areas or near floodplains.
Source:Libya Today
March 09, 2024 13:40 UTC
U.S. Special Envoy to Libya Ambassador Richard Norland and Turkish Ambassador Kenan Yikmaz discussed on Thursday supporting UN-facilitated political process in the North African country, according to Norland. “Glad to see Ambassador Yılmaz today to discuss how the United States and Türkiye can best support the UN-facilitated political process, and advance the security and economic tracks in Libya,” US Embassy quoted Norland.
Source:Libya Today
March 09, 2024 10:46 UTC
UN envoy to Libya Abdoulaye Bathily said he had a phone call with Aguila Saleh, Speaker of the House of Representatives (HoR), in continuation of his consultations to reach a political settlement for elections. “We exchanged views on the current state of the political process and I renewed my call on the HoR (Parliament) to expedite efforts towards a compromise,” Bathily said on X. “We agreed to continue consultations in furtherance of a political settlement for elections, and ensure unity, stability and sustainable peace in Libya,” UN envoy added.
Source:Libya Today
March 09, 2024 10:27 UTC
The Governor of the Central Bank of Libya, Al Siddiq al Kabir, was received today at the Elysée by the French special envoy to Libya, Paul Soler, and by the French ambassador, Mustafa Maharaj. Furthermore, in the Paris meeting there was also talk of the "measures" that the Central Bank intends to undertake regarding the counterfeit dinars "of unknown origin" which would have been placed on the national market generating "effects on the parallel exchange rate", i.e. Finally, the meeting "discussed France's role in supporting the Central Bank of Libya's efforts to address economic and financial problems." Al Kabir stated that the Central bank has difficulty meeting the local market's foreign exchange needs from September 2023, in light of the growing volume of government spending. The 34 parliamentarians strongly criticized the idea of introducing taxes and commissions on currency transactions, arguing that this would lead to an increase in the parallel exchange rate, resulting in economic distortions and opening up to corruption.
Source:Libya Today
March 08, 2024 22:27 UTC
The UK is set to pay Libya to prevent migrants crossing the Mediterranean Sea “at the source” and to send them back to their home countries as part of a new deal with the country. The scheme, announced by illegal immigration minister Michael Tomlinson today, was being rolled out with the aim of clamping down on what he said were “record numbers of people headed towards our continent”. Tomlinson said “almost 20,000” people signed up to this scheme last year – double the number in 2022. Similar assistance provided to Tunisia allowed them to return thousands of migrants to their home countries last year. The illegal immigration minister said the Prime Minister and Home Secretary James Cleverly “have been unequivocal that we will confront this challenge head on”.
Source:Libya Today
March 08, 2024 16:12 UTC
The first edition of Women’s Economic Empowerment Exhibition was held in Tripoli under the slogan “To Be Authentic.”More than 150 women from various regions of the country participated in the exhibition with emerging, small and medium-sized projects. This exhibition comes within the plan of the Government of National Unity to empower and activate the role of women in building the national economy.
Source:Libya Today
March 08, 2024 14:00 UTC
TRIPOLI – 8 March – The pressing need for action and investment to empower women and drive forward progress in Libya cannot be overstated. UNSMIL stands in solidarity with women in Libya recognizing their resilience and unwavering contributions to society. Libyan women play a crucial role in shaping and advancing Libya's political and economic landscape, and their meaningful engagement in political, economic and reconciliation processes brings advantages to the entire society. Investing in women today is an investment in the future prosperity and progress of Libya. All these challenges would be better addressed by unified and legitimate institutions, which fully represent the will and aspirations of Libyan women and men.
Source:Libya Today
March 08, 2024 13:27 UTC
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Source:Libya Today
March 08, 2024 03:39 UTC
In a significant development aimed at enhancing Libya's financial stability, U.S. Special Envoy to Libya, Ambassador Richard Norland, and the Governor of the Central Bank of Libya (CBL), Al-Siddiq El-Kabeer, have agreed on the necessity of a unified budget. The call for a unified budget is seen as a crucial step towards ensuring that the Libyan public is fully informed about the utilization of the country's wealth. By advocating for a unified budget, the leaders are addressing not only the symptoms of the economic instability but also its root causes. This approach is crucial for creating a more transparent, accountable, and stable economic environment that can foster growth and prosperity for all Libyans. By focusing on the establishment of a unified budget, there is a renewed hope for the protection of the Libyan dinar and the efficient management of the country's resources.
Source:Libya Today
March 07, 2024 20:56 UTC
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Source:Libya Today
March 07, 2024 20:27 UTC
In a significant move towards sustainable development and climate resilience, Tripoli hosted a pivotal forum today to inaugurate a series of projects aimed at Libya's energy transition, generously funded by the European Union. AdvertismentDriving Sustainable ChangeThe forum marked a critical step forward in addressing the pressing issues of energy sustainability and climate change in Libya. The panel discussion that followed fostered a rich dialogue among participants, emphasizing the importance of collaborative efforts in propelling Libya towards its sustainable development goals. Mapping the Road AheadAs the forum concluded, the road ahead for Libya's energy transition and climate change strategy was more defined. This event not only highlights the urgent need for sustainable energy solutions but also positions Libya on the global map as a country taking significant strides towards environmental stewardship and climate resilience.
Source:Libya Today
March 07, 2024 20:20 UTC
A forum was held in Tripoli today to launch projects funded by the European Union to support Libya’s ‘‘Energy Transition and Climate Change’’. Several Libyan stakeholders, representatives of the Tripoli Libyan government, ministries, institutions and bodies related to energy and climate change in the country participated in the forum. On the international side, the forum included the hosts, the European Union, the Germany embassy, GIZ and the UNDP. The forum’s activities covered several important topics, as well as a presentation by the UNDP, including:An overview of the energy system transformation and climate change project. GIZ also gave a presentation on its initiatives in the field of transformation with the energy system and climate change.
Source:Libya Today
March 07, 2024 20:16 UTC