The Central Bank of Libya, CBL, published Thursday the government expenditures for 2021 standing at $24.5 billion (85.8 billion Libyan dinars), higher than what figures posted by the cabinet of Prime Minister Abdulhamid Dbeibeh, Libya Update reports. The CBL’s publication comes hard in the wake of announcement by the Government of National Unity (GNU) that […]
The Chairman of the National Oil Corporation, Masoud Suleiman, has identified the expansion of domestic fuel production as a strategic lever for revitalizing Libya’s economy, warning that ageing refinery designs, obsolete technologies and weak output have widened the gap between local supply and demand. He said Libya’s five basic refineries have a combined capacity of […]
Moroccan authorities launched on Wednesday construction works of a large mosque in Guerguarat in the Moroccan Sahara on the occasion of the 65th anniversary of the country’s independence. This mosque will be built over a 3,767 m2 area and will cost over $2.3 million. The news of the mosque construction has been welcomed by the […]
