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The Attorney General’s Office reported yesterday that six Sahary Bank officials were sent to jail by Tripoli Criminal Court in conspiring to defraud their Ain Zara branch of LD 1.5 million. The sentenced bank officials were the former Ain Zara Branch Manager and the Electronic Clearing Officer, who both received an eight-year jail sentence. They were also fined LD 1.725 million – of which LD 876,000 were received. The Head of the Current Accounts Department received a four-year sentence. The Head of the Remittance Department at the bank’s General Administration received an eighteen-month prison sentence.

ALBAWABA - Somalian National TV reported that at least 6 people were killed and 12 others were injured in a bus explosion in the Somalian capital Mogadishu.

The spokesman for the Ministry of Transportation in the Tripoli-based Libyan government, Siraj al-Hamal, confirmed in an exclusive interview with Libya Herald that the government recommended during its Cabinet meeting in the city of Ghadames (last Thursday) the development of the Debdeb Ghadames border crossing with Algeria before reopening it to passengers and goods in both directions. Debdeb to be reopened after agreed security requirementsRegarding the Ghadames Debdeb border crossing, Al-Hamal confirmed that work is underway to reopen the crossing after developing and equipping it according to the security requirements approved in Libya and Algeria, and after coordination with the Algerian crossing authorities to open the borders in both directions. The reopening will have a positive impact on the economy of the two countries by reducing the time taken to transport goods from Algeria through Tunisia and from there to Libya and vice versa. Well-equipped service facilities to be establishedAl-Hamal noted the readiness of the general plan for the modern Ghadames land port, which the Organisation for the Development of Administrative Centers (ODAC) was assigned to implement. The new crossing and its facilities are to become a more civilized interface for the Libyan state in its far western borders with Algeria, as well as to meet the needs of the traveller by land in terms of integrated services provided by well-equipped service facilities.

In the framework of following up on the progress of work according to the approved 2023 plan, the Minister of Economy and Trade, Mohamed Al-Hwej, held a meeting yesterday with his top echelons. The Ministry reported that the meeting reviewed the activity of departments and offices during the first half of this year and technical reports on the registration of companies and trademarks with the ministry. It also reviewed the tasks of field work teams charged with conducting legal calibration at petrol stations, scales and measures used in ports, companies and commercial activities in various regions. The attendees also touched on the international cooperation file and the coordination mechanism with the Ministry of Foreign Affairs to enhance economic and trade relations at the regional and international levels. The Ministry of Economy reported that the Minister directed the competent departments to:

The Libyan Supreme Council of State elected a new leader on Sunday, with Mohamed Takala replacing Khaled el-Meshri. In the first round, in which 129 out of the 145 members of the Supreme Council of State took part, el-Meshri received 49 votes and Takala 39. As neither of the candidates received the votes of 66 members, a second round of voting was held. In the second round, Takala, who received 67 votes, won against el-Meshri, who received 62 votes. El-Meshri, who was elected president of the Supreme Council of State in April 2018, will hand over his tasks to Takala.

Comment on this story Comment Gift Article ShareCAIRO — One of Libya’s top governing bodies elected a new head on Sunday, in a development that could further fracture the country already split between two rival administrations. Takala would take over from former head Khaled el-Meshri, a powerful figure who had been key in negotiations over the country’s election laws. AdvertisementThe international community and the United Nations have repeatedly said that nationwide elections are key to ending the country’s decade-long power vacuum. The country was then for years split between rival administrations in the east and west, each supported by different militias and foreign governments. The powerful commander Khalifa Hifter continues to hold sway in the country’s eastern region, from its main city of Benghazi.

BENGHAZI (UrduPoint News / Sputnik - 07th August, 2023) The United Nations Support Mission in Libya (UNSMIL) has not provided any solutions for a peace settlement in the country, Spokesman for the Libyan National Army (LNA) Ahmed Al-Mismari told Sputnik on Monday. In March 2023, they reaffirmed their commitment and held a meeting with leaders of armed groups from across the country. The UNSMIL said that this was the largest meeting for the last 10 years and that it was an important step toward sustainable peace and development for people across Libya. The south of the country remains in turmoil due to civil unrest, the persisting terrorist threat and armed tribal violence. Its main purposes are to support Libyan transitional authorities, provide mediation in implementing Libyan political agreements, support key country's institutions and to monitor situation with human rights.

The theme of the event is ‘Partnerships for Energy and Economic Opportunity’, emphasizing Libya’s important role as a regional energy provider. Energy Capital & Power (ECP), the organizers of the summit, and the Ministry of Oil and Gas look forward to receiving ministerial and private sector delegations from Italy, France, Spain, Germany, the UK, the US, Turkey, Egypt, Algeria, Saudi Arabia, the UAE, and other Middle Eastern and African nations. International organizations such as OPEC, the Gas Exporting Countries Forum, the African Petroleum Producers Organization, the African Energy Chamber, the International Energy Agency, and the International Energy Forum will be officially invited to contribute their expertise and perspectives to the summit. Mohamed Oun and his media advisor Ahmed Tarhuni met with James Chester, Senior Director of ECP, and Ahmed Al-Ghazali, local partner of ECP and Vice President of AmCham Libya. To learn more about the summit or request information and participation, visit www.libyasummit.com or write to james@energycapitalpower.com.

CAIRO (AP) — One of Libya’s top governing bodies elected a new head on Sunday, in a development that could further fracture the country already split between two rival administrations. Takala would take over from former head Khaled el-Meshri, a powerful figure who had been key in negotiations over the country’s election laws. The international community and the United Nations have repeatedly said that nationwide elections are key to ending the country’s decade-long power vacuum. The country was then for years split between rival administrations in the east and west, each supported by different militias and foreign governments. The powerful commander Khalifa Hifter continues to hold sway in the country’s eastern region, from its main city of Benghazi.

The Renewable Energy Authority of Libya (REAOL) today agreed a partnership with the organizers of the Libya Energy & Economic Summit (https://LibyaSummit.com/) that will highlight Libya’s renewable energy opportunities and promote better understanding of the sector for international and local investors. REAOL is instrumental in forming policies that promote renewable energy production in Libya. It is a key actor in providing secure energy supply in Libya and, in future, further afield. The Libya Energy & Economic Summit is organized by Energy Capital & Power (ECP) (https://www.EnergyCapitalPower.com/) and is now in its second edition in 2023. The summit will take place on 8-9 November 2023 and will place strong emphasis on renewable energy, as well as hydrocarbons, financing, infrastructure and more.

Libya's Supreme Council of State elected a new leader on Sunday, in a development that could further fracture a country already split between two rival administrations. Mr Takala will take over from former head Khaled El-Meshri, a powerful figure who had been key in negotiations over the country's election laws. The final count was 67 to 62 in favour of Mr Takala. The introduction of a new leader at the helm of a key political institution could add more uncertainty to the country's already deeply divided politics. It is unclear what positions Mr Takala, a politician from the city of Khoms and member of the council since it was formed in 2016, will take on key political issues.

The Libyan Oil Minister, Mohamed Aoun today had the first working meeting with the organizers of the Libya Energy and Economy Summit 2023 to inform them of upcoming initiatives in the energy sector. The Ministry of Oil and Gas will invite official delegations from Europe, Africa and the Middle East and organizations including OPEC to participate in the event on November 8-9, 2023 in Tripoli. The minister stressed that about a third of Libya’s onshore and offshore territory has yet to be explored for hydrocarbons, as well as the diversification of its resource base for future production, and discussed the recent lifting of force majeure by some international operators – which is expected to unleash investment in the market. Energy Capital & Power, the organizer of the summit, and the Ministry of Oil and Gas are looking forward to receiving ministerial and private sector delegations from Italy, France, Spain, Germany, the United Kingdom, the United States, Turkey, Egypt, Algeria, Saudi Arabia, the United Arab Emirates and other countries in the Middle East and Africa. International organizations such as OPEC, the Gas Exporting Countries Forum, the African Petroleum Producers Organization, the African Energy Chamber, the International Energy Agency and the International Energy Forum will be formally invited to contribute their experiences and views to the summit.

The 8th edition of Petro Africa (Libya 2023) Exhibition and Forum will be held in Tripoli from 16-19 October under the auspices of the Tripoli-based Libyan Government and its Ministries of Oil and Economy. Organisers Al-Waha Company informed Libya Herald that more than 120 international and local entities are participating in the exhibition and forum, with workshops on the latest developments in the world in the field of oil and gas technologies.