General Electric Company

The Oil Corporation addresses “Dabaiba” to intervene regarding the closure of the Sharara field and warns of several risks… and enumerates its projects in the south

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The Oil Corporation addresses “Dabaiba” to intervene regarding the closure of the Sharara field and warns of several risks… and enumerates its projects in the south

Sada Economic newspaper exclusively obtained a letter from the head of the management committee in charge of the National Oil Corporation, Masoud Suleiman, to the Prime Minister of the National Unity Government. Where he revealed the report of the Chairman of the Management Committee of the operator of Akakus Oil Operations Company, and that based … Read more

Prime Minister of Palestine: The smell of blood is everywhere in Gaza, and whoever uses a veto against stopping the aggression is an accomplice in it

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Prime Minister of Palestine: The smell of blood is everywhere in Gaza, and whoever uses a veto against stopping the aggression is an accomplice in it

Palestine – Palestinian Prime Minister Mohammad Shtayyeh stressed that the smell of blood is everywhere in Gaza, stressing that whoever uses the veto against stopping the aggression in the Strip is a partner in it. Muhammad Ashtiyeh confirmed in an interview with the Egyptian “On” channel that they are part of these events. Ashtiyeh stated … Read more

Severe water stress…dangerous repercussions in southern Libya

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Severe water stress…dangerous repercussions in southern Libya

Tripoli / Anadolu Agency The southern regions of the country suffer from severe water stress due to excessive consumption and the cultivation of water-depleting crops, especially in light of the lack of replenishment of groundwater reserves. An activist and a government official call for ending free water, growing crops that consume less water, modernizing irrigation … Read more

Kuwait.. An Amiri decree is issued to form the new government

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Kuwait.. An Amiri decree is issued to form the new government

Kuwait – The Amiri Diwan of the State of Kuwait announced yesterday, Wednesday, the issuance of an Amiri decree forming the new government, headed by Sheikh Mohammed Sabah Al-Salem Al-Sabah. The Amiri decree included the appointment of Sheikh Fahd Yousef Saud Al-Sabah as Deputy Prime Minister, Minister of Defense, and Acting Minister of Interior, while … Read more

Fears of the consequences of closing the largest oil fields in Libya

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Fears of the consequences of closing the largest oil fields in Libya

Nesreen SuleimanTripoli – Al-Quds Al-Arabi: After the relative stability witnessed by the oil sector in Libya following years of armed conflicts, protesters closed the Libyan Sharara oil field located in southwestern Libya on Tuesday, in protest against fuel and gas shortages and poor public and basic services.The protesters threatened to escalate and close the Al-Feel … Read more

Exclusive: “Representatives” form a committee to develop a vision for restructuring the state’s general budget, headed by “Omar Tantoush”

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Exclusive: “Representatives” form a committee to develop a vision for restructuring the state’s general budget, headed by “Omar Tantoush”

Sada Economic newspaper obtained exclusively the House of Representatives’ decision to form a committee to develop a vision for restructuring the state’s general budget, headed by “Omar Tantoush” and membership of the Central Bank of Libya and the Ministry of Finance. The committee formed according to the plan shall develop a vision for the restructuring … Read more

Central Bank: Total government spending during the year 2023 amounted to 125.7 billion dinars

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Central Bank: Total government spending during the year 2023 amounted to 125.7 billion dinars

The Central Bank of Libya revealed in its statement issued today, Sunday, regarding revenues and spending, that total government spending during the year 2023 amounted to 125.7 billion dinars, while the value of state revenues during the same year reached 125.9 billion dinars, meaning there is a surplus of 200 million dinars. The Central Bank … Read more

The repercussions of the closure of the Libyan Sharara field will affect all services and goods

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The repercussions of the closure of the Libyan Sharara field will affect all services and goods

The decision to close the Sharara oil field in southwestern Libya has caused a kind of “economic earthquake” due to its repercussions that may affect many vital sectors, given its oil importance and returns. The closure of Libyan oil fields and ports has been repeated over the past years due to labor protests or as … Read more

“Fuel subsidies” are a Libyan fireball being thrown around by a parliament and two governments

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“Fuel subsidies” are a Libyan fireball being thrown around by a parliament and two governments

The Libyan unity government in Tripoli clung to its plan to lift fuel subsidies, turning its back on all opponents in the street and the political community, and officially issued its decision regarding this project, which proposes a very large increase in fuel prices that it fears will burden the low- and middle-income groups and … Read more

London newspaper: The Libya Energy Summit gives the Dabaiba government room to continue

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London newspaper: The Libya Energy Summit gives the Dabaiba government room to continue

Dabaiba does not hide his tendency to take advantage of his financial and economic power and the privilege of concluding deals and contracts to achieve guarantees of survival and continued rule. Al-Arab London – The second edition of the Libya Energy and Economy Summit, which lasted for two consecutive days in the capital, Tripoli, represented … Read more