Latest news with #AbdAlhamidAldabaiba
Libya Herald
6 days ago
- Business
- Libya Herald
Tripoli based Military Industries Organisation opens 'Libyan Inventor' office
The Tripoli based Military Industries Organisation, part of the Tripoli based Ministry of Defence headed by Prime Minister Abd Alhamid Aldabaiba, announced last Tuesday (5 July) the opening of the 'Libyan Inventor' office at the headquarters of the Mechanical Industries Centre on Tripoli's Sawani Road. The Military Industries Organisation said this comes as part of its strategy to support national competencies, encourage local research and innovation and to expand the base of community participation in the fields of manufacturing and technical development. It said the office will be an official platform to receive the owners of ideas, inventions, innovations and owners of viable projects from various fields, and to incubate and provide technical and logistical support to transform ideas, guiding them into actionable industrial models within studied scientific and industrial paths. It added that it believes that Libyan minds can make a difference, and that every innovative idea deserves to be an opportunity. RELATED POSTS No Content Available The Military Industries Organisation invited all talented people, inventors and those interested in industrial, technical or military development, to contact it and register through the office to contribute to building a promising national manufacturing base.
Libya Herald
6 days ago
- Business
- Libya Herald
Petrol stations to open 24 hours in response to petrol queues
Brega Marketing Company, the National Oil Corporation (NOC) subsidiary responsible for fuel imports and distribution, announced yesterday that its own petrol stations will open and receive fuel over a 24-hour period. This suggests that it will not include the two main privately-owned petrol stations (Sharara and Rahila). The move comes in response to the reappearance of queues at Tripoli's petrol stations, and Brega says it is part of the efforts made to address the fuel crisis and ease congestion at the stations. As usual, it is unclear why exactly a sudden fuel crisis has flared up. The authorities insist that there is no shortage of fuel, however, the reality is that petrol queues had started to lengthen over the last week. e-tracking (GPS) of fuel distribution trucks introduced In a move that may or may not be related to the sudden fuel crisis, Brega Marketing announced on 5 August the launch Of its electronic fuel truck tracking system (GPS). Although some independent commentators on Libyan media have challenged whether the new system can indeed do the following, Brega claims that the new system offers: * The possibility of direct communication with drivers. * SOS emergency alarm system. * Ability to stop the truck engine remotely. * Accurate identification of cargo unloading locations. This project, Brega added, underscores its commitment to digital transformation and enhanced oversight to serve the public interest. If successful, a possible quantum leap in Libya's anti-fuel smuggling efforts? Successive Libyan governments since the 2011 revolution have made unsuccessful efforts to counter the country's huge cross land and sea border fuel smuggling problem. Last month, Naji Issa, Governor of the Central Bank of Libya put the country's annual fuel smuggling bill at about LD 20 billion (US$ 2.7 bn). This equates to about a third of all annual government fuel subsidies. The launch of e-tracking (GPS) of fuel trucks is part of the government's wider effort to counter this fuel smuggling across land to neighbouring countries and across the sea to states where fuel prices are unsubsidised to the high levels of Libya. A subsidised litre of petrol in Libya today costs LD 0.15 – about US$ 0.02. It will be recalled that in July 2024, Tripoli based Libyan Prime Minister, Abd Alhamid Aldabaiba, and the head of the Audit Bureau, Khaled Shakshak, attended a workshop on launching an enhanced fuel truck tracking and fuel monitoring system on Brega fuel trucks. This ''anti-fuel smuggling system'' involves converting the fuel outlet valves on fuel delivery trucks from simple mechanical valves that can be opened by anyone at any time, to electronic valves that can only be opened at the targeted petrol station. The system also includes an electronic fuel gauge to measure the amount of fuel delivered; electronically sealed fuel inlets and control cameras fitted to the delivery truck. In parallel to this, an electronic gauge is to be installed at the fuel tanks in petrol stations.
Libya Herald
04-08-2025
- Business
- Libya Herald
Aldabaiba hails new instant salary payment system for controlling waste in the state-sector section of the budget
Tripoli based Libyan Prime Minister, Abd Alhamid Aldabaiba, said today that adopting digital transformation in the state-sector payroll management through the 'Your instantaneous Salary' system is not only a technical option, but a national necessity to protect public money first, and to do justice to real workers in state institutions. Aldabaiba was referring to the announcement by the Central Bank of Libya (CBL), last Thursday (31 July), of the launch of the 'Your / Instant Salary Payment' system to transfer the salaries of public sector employees directly into their bank accounts. Automatic employee data matching The system adopts automatic matching of the data of employees at the Ministry of Finance and the Banking Information and Systems Authority without the need for traditional, slower and less accurate payment methods. Call on citizens to update their data The CBL confirmed that it is working to complete the technical link with commercial banks and the personal data system, calling on citizens to ensure that their data is up to date to ensure the readiness of the service by the end of August. Abuse of the system It will be recalled that the payment of state-sector salaries is routinely late by one or two months. It is also widely believed that many thousands, if not hundreds of thousands, on the state payroll should not be on it. Some are receiving multiple salaries, some are working in the private sector simultaneously, some do not turn up to work, while others are still being paid after having passed away. Hence Aldabaiba's use of the phrase 'to do justice to real workers in state institutions'. Successful inter-departmental integration Meanwhile, the General Information Authority (GIA), the lead government body on digital transformation, commended this move and integration between various departments and the CBL. It said this integration reflects the maturity of Libya's digital infrastructure and promotes the process of building an interconnected and efficient digital government. State-sector salaries: aim for transparency and efficiency of spending Aldabaiba said these state-led fiscal reforms in cooperation between the Ministry of Finance and the CBL aim to ensure transparency and efficiency of spending under the salary section, which accounts for 55% of public spending, and is one of the government's priorities to ensure social and economic stability. Shall not allow the salaries section of the budget to be misused Aldabaiba said paying state-sector salaries on time and not delaying them in all circumstances is also an important commitment in his government's work which they have not and will not deviate from. However, he said state-sector entities exploiting the salaries section of the state budget to justify unallocated expenses, expenses unrelated to employment, or paying salaries to individuals who do not perform jobs within legal entities, while thousands of actual employees are waiting for the release of their first salary, is what this step will address. He said this new system will give more opportunities for these quick and accurate salary releases, and will stop the exploitation of the salary section, and the continuation of the system inherited decades ago of wasting public money decades ago. Instant and speedy employee data entry I commend the efforts of the Central Bank of Libya, and affirm the government's commitment to the success of this step, and we hold the legal entities responsible for immediate compliance with the entry of their employees' data accurately and without delay, and I call on the Audit Bureau and the Administrative Control Authority to support the 'Your salary is instantaneous' system to enhance direct control over actual employment and related spending. . CBL introduces the state sector Instant Salary Payment System Tags: CBL Central Bank of Libyadigital transformationstate-sector salaries
Libya Herald
30-07-2025
- Business
- Libya Herald
Aldabaiba urges National Mining Corporation establish minerals database to maximise economic return from minerals
Prime Minister Abd Alhamid Aldabaiba held an extensive meeting yesterday at his Tripoli Cabinet Office with the Board of Directors of Libya's National Mining Corporation (NMC). The meeting was dedicated to following up on the NMC's progress and reviewing its efforts in organising the sector and developing its technical and legal structure, in a way that contributes to maximising the economic return from mineral wealth. Huge iron ore and phosphate reserves During the meeting, the NMC gave a detailed presentation on the national stock of mineral resources, noting that Libya has huge reserves of metallic and non-metallic minerals, most notably iron ore in Wadi Al-Shati, which is estimated at 3.5 billion tons with a concentration of up to 55%, in addition to more than one billion tons of phosphate in the Murzuq Basin, which puts Libya in a qualified position to be one of the main sources in North Africa. Existing gypsum and limestone production – potential for sulphur, gold copper and chromium The corporation also pointed out that there is an existing production of minerals such as gypsum and limestone used in the construction industries, in addition to promising potential that is still uninvested in the fields of salt, sulphur, and rare materials such as gold, copper and chromium, according to preliminary geological studies. Need to urgently establish a minerals database In this context, Aldabaiba stressed the need to accelerate the pace towards building a comprehensive national database for mineral resources, completing administrative and technical reviews of previous licenses, and referring the results to the competent regulatory authorities. Operational plan for priority projects The Prime Minister also called for the development of an operational plan for priority projects in coordination with the Ministries of Economy and Planning, and linking the sector to the state's vision and the 'Return of Life' plan, stressing the government's readiness to provide full support to the NMC at this pivotal stage. The meeting concluded by stressing the importance of investing in national competencies, and enabling the Corporation to perform its role as a sovereign umbrella to regulate mining activity in Libya according to the principles of transparency and sustainability. Tags: National Mining Corporation
Libya Herald
23-07-2025
- Business
- Libya Herald
Trump Africa Advisor Boulos arrives in Tripoli – Aldabaiba offers several business incentives
Tripoli based Libyan Prime Minister, Abd Alhamid Aldabaiba, received President Donald Trump's Senior Adviser on African affairs Massad Boulos in Tripoli today. The Tripoli government reports that they discussed several common issues, including: Opportunities for US companies in energy, minerals, infrastructure, health & communications The meeting discussed opportunities for joint cooperation in the fields of energy, minerals, infrastructure, health, and communications, where the Prime Minister stressed the keenness of the Tripoli government to build economic partnerships with the United States, which open the way for major American companies to participate in development and investment projects. US$ 70 billion projects in energy, minerals, electricity, infrastructure and communications sectors The government team gave a detailed presentation of aspects of the Libyan economic strategic partnership, estimated at about $ 70 billion. Organised and direct entry for US investment in the Libyan market These include ready-made projects in the energy, minerals, electricity, infrastructure and communications sectors, allowing organised and direct entry for US investment in the Libyan market. New exploration and production oil plots on offer They also touched on developments in the oil sector, especially with regard to opportunities in new oil exploration and production plots, whether offshore or land, and efforts to enhance transparency and achieve sustainable returns within the framework of the stability of the energy sector. Strong condemnation of crimes, starvation and continuous aggression against Palestinians in Gaza The meeting touched on the developments of the Palestinian cause, where Aldabaiba expressed Libya's strong condemnation of the crimes, starvation and continuous aggression against the Palestinian people in Gaza, stressing the need to immediately stop the aggression, lift the siege, and spare civilians the scourge of war. Trump Administration supports for stabilisation of Libya For his part, Advisor Massad Boulos expressed the US administration's support for stabilisation efforts in Libya, stressing Washington's interest in continuing coordination and expanding areas of cooperation with the Tripoli government. Tags: US USA United States America
