Day: February 20, 2022

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Memorandum of Understanding for cooperation in the field of labor and training between Libya and Turkey discussed

Tripoli-The team of the Ministry of Employment and Rehabilitation, assigned by the Minister of Employment discussed with officials of the Turkish Ministry of Employment and Social Security to promote joint cooperation between the two sides.

During this meeting, which was held through video link, a memorandum of understanding was discussed to initiate cooperation between the two countries in the field of manpower and training.

The meeting was attended by the Director of the Department of International Cooperation of the Ministry of Foreign Affairs and the Ministry of Employment and Rehabilitation, director of the Office of International Cooperation, director of the Oil Use Office, director of the Department of Professional Centers, director of the Employment Department, employment attaché of the Republic of Turkey, and a number of experts from both sides.

Source: Libya News Agency

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Graduation ceremony of two batches of employees of the Ministry of Interior.

Tripoli(LANA) – Today, Sunday, Omar Al-Mukhtar Training Center of the General Staff celebrated the graduation of two batches of employees of the Ministry of Interior, the first for the Law Enforcement Department, and the second for the Old City Office of the General Administration of Central Support, in the presence of the two undersecretaries of the Ministry of Interior for Directorates and Public Affairs, Major General “Bashir Al-Amin”, Major General “Mahmoud Saeed”, directors of departments and security directorates, a number of officials at the General Staff and officers at the Ministry of Interior, the General Administration of Security Operations, the General Administration of Central Support and the families of the graduates.

During the ceremony, many words were given that praised the involvement of the new trainees to inject new blood to contribute to the security of the homeland and the citizen by preparing and qualifying new police cadres and involving them in the security and police field.

The ceremony included a review of the graduates’ cadres and a display of combat panels that showed the level of training the trainees received during the course, which lasted for four months, including academic, legal and administrative lectures, infantry training, the use of weapons and physical strength.

Source: Libya News Agency

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The Financial Stability Unit of the Central Bank of Libya, Al-Bayda Branch, issues its financial report for 2018

Al-Bayda(LANA) – The Financial Stability Unit of the Central Bank of Libya, Al-Bayda Branch, issued its report for the year 2018.

The head of the unit, Haitham Al-Mansoori, said that the report comes in the context of the Central Bank of Libya’s keenness to achieve monetary and financial stability and to perform its duties as an economic advisor to the state in accordance with the provisions of Banking Law No. (1) of 2005.

Al-Mansoori added that the report contains eight chapters covering the analysis of global and local economic developments and gives a detailed assessment of the financial and banking system in Libya and highlights the reality of financial inclusion and small and medium enterprises.

He pointed out that what distinguishes this report from previous reports is the stress testing that aims to make an approximation of the impact of reclassifying the credit portfolio on the capital adequacy of commercial banks, as well as assessing the financial performance of the insurance sector in Libya.

He stressed that the report focused on showing the persistent imbalances in the public finance structure, the increase in the volume of consumer spending and the leniency in the accumulation of domestic public debt in order to finance this consumer spending at the expense of spending on development and infrastructure.

He said that the Financial Stability Unit is committed to continuing to work on issuing financial stability reports in Libya, as it is expected that a report for the biennium 2019/2020 will be completed before the end of the year.

Source: Libya News Agency

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The Arabian Gulf Oil Company is looking to improve the quality of catering services for workers in the oil field and facilities

Tripoli(LANA) – The meeting held by the Chairman of the Management Committee of the Arabian Gulf Oil Company “Salah Al-Qatrani” with the Chairman of the Management Committee of the National Company for Supplying Oil Fields and Ports, “Fathi Al-Khadouri” devoted the file of financing services in the fields.

Al-Qatrani stressed during the meeting the need to address the shortcomings and provide catering services at all sites of the Gulf Company, according to what was published by the official page of the Arabian Gulf Oil Company.

For his part, the Chairman of the Management Committee of the Supply Company indicated that the accumulated debts of companies and the change in commodity prices in the market had a negative impact on the provision of catering services, stressing at the same time that the Gulf Company and the sector companies must pay the minimum amount of indebtedness per month so that the company can meet its obligations.

The meeting, which was attended by a number of directors of departments in companies, aims to improve the quality of catering services for workers in the field and oil facilities within the framework of the tasks of the National Company for Supplying Oil Fields and Ports.

Source: Libya News Agency