Latest news with #Follow-upCommittee
Libya Review
6 days ago
- Politics
- Libya Review
Global Powers Support UNSMIL Roadmap to Resolve Libyan Crisis
At the latest UN Security Council session on Libya, key international representatives expressed deep concern over the country's fragile political and security situation, underscoring a growing consensus on the need for a Libyan-led political solution and institutional reform. British Ambassador Barbara Woodward stressed the UK's alarm over recent violence in Tripoli, urging restraint and constructive engagement from all parties. She welcomed the progress made at the Berlin Follow-up Committee meeting, while warning that Libya's deteriorating political and economic trajectory threatens its stability and sovereignty. Woodward reaffirmed UK support for UNSMIL's roadmap efforts and highlighted the importance of holding credible elections. The US Ambassador echoed support for a Libyan-owned political process, highlighting the independence of institutions like the Central Bank and the National Oil Corporation as vital to long-term stability. She emphasised military integration and arms embargo renewal as key to preventing Libya's entanglement in regional conflicts, and welcomed progress toward East-West security coordination. Russia's representative attributed Libya's crisis to internal political fragmentation, calling for a truly comprehensive process inclusive of all factions. He advocated for unifying the armed forces and warned against imposing external recovery solutions, noting that some political forces have rejected the Advisory Committee's proposals. China's deputy permanent representative Sun Lei emphasised the political process as the cornerstone of regional stability, urging Libyan parties to engage in meaningful dialogue and establish firm security arrangements. He also warned that Libya's worsening economic crisis and currency depreciation could undermine national stability. Algeria's Ambassador Amar Benjama described last month's Tripoli clashes as alarming, reiterating the need to re-establish state authority and disarm illegal groups. He called for a UN-backed, Libyan-led political transition leading to elections and institutional unification, while expressing concern over the depletion of Libya's frozen assets due to mismanagement and outdated sanctions regimes.
Malaysiakini
19-05-2025
- Business
- Malaysiakini
Auditor-general: Govt agencies, GLCs must return misused public funds
All federal and state agencies, statutory bodies and 1,875 government-linked companies (GLCs) flagged in the Auditor-General's Report for public fund leakages must return the misappropriated funds. Auditor-General Wan Suraya Wan Radzi stressed that no public department or organisation will be exempt from action if such leakages are detected. 'Through the Auditor-General's Report Follow-up Committee, we have identified several instances of...
Malaysiakini
19-05-2025
- Business
- Malaysiakini
Auditor-general: Govt agencies, GLCs must return misused public funds
All federal and state agencies, statutory bodies and 1,875 government-linked companies (GLCs) flagged in the Auditor-General's Report for public fund leakages must return the misappropriated funds. Auditor-General Wan Suraya Wan Radzi stressed that no public department or organisation will be exempt from action if such leakages are detected. 'Through the Auditor-General's Report Follow-up Committee, we have identified several instances of...
Zawya
18-02-2025
- Business
- Zawya
Oman: MoF directs public units to award tenders up to $65k to SMEs
Muscat: Ministry of Finance (MoF) has issued Financial Circular 1/2025 directing all ministries, public authorities and government entities to award tenders for supplies, services and works valued up to RO25,000 to small and medium enterprises (SMEs), who own a Riyada card. The circular aims to strengthen the role of SMEs in the Omani economy, encouraging their participation in government tenders. In addition, the ministry stressed the importance of collaborating with the Follow-up Committee of the National Local Content System to address challenges related to the tender process. It also urged ministries, government agencies and state-run companies to liaise with internal audit units to ensure compliance with the circular. H E Said bin Mohammed al Saqri, Minister of Economy and Chairman of Tender Board, highlighted the significant impact of local content programmes. 'These programmes play a vital role in supporting the private sector, localising national industries and ensuring optimal use of public funds. One of the main objectives is to stimulate SMEs and the entrepreneurship sector, increasing their share of government tenders,' he said. He noted the tangible growth in SMEs and their expanding presence in various sectors, including economic diversification and innovation. The new move, he explained, aligns with Oman's broader social and economic priorities, fostering youth participation and entrepreneurship, ultimately contributing to a diversified and sustainable economy. The decision to raise the tender value to RO25,000 further supports the National Policy for Local Content, a key initiative aimed at economic diversification and job creation. 'By expanding government tender opportunities to SMEs, we continue to enhance the entrepreneurial sector's role in driving innovation and sustainable growth,' H E Saqri added. According to the Ministry of Economy, there are 145,750 SMEs registered with Authority for Small and Medium Enterprises Development and employ 192,714 workers from the national workforce. However, despite their significant number, SMEs currently receive only 12% of government contracts. This policy shift is expected to increase their share in the coming years. © Apex Press and Publishing Provided by SyndiGate Media Inc. (
Muscat Daily
17-02-2025
- Business
- Muscat Daily
MoF directs public units to award tenders up to RO25,000 to SMEs
Muscat – Ministry of Finance (MoF) has issued Financial Circular 1/2025 directing all ministries, public authorities and government entities to award tenders for supplies, services and works valued up to RO25,000 to small and medium enterprises (SMEs), who own a Riyada card. The circular aims to strengthen the role of SMEs in the Omani economy, encouraging their participation in government tenders. In addition, the ministry stressed the importance of collaborating with the Follow-up Committee of the National Local Content System to address challenges related to the tender process. It also urged ministries, government agencies and state-run companies to liaise with internal audit units to ensure compliance with the circular. H E Said bin Mohammed al Saqri, Minister of Economy and Chairman of Tender Board, highlighted the significant impact of local content programmes. 'These programmes play a vital role in supporting the private sector, localising national industries and ensuring optimal use of public funds. One of the main objectives is to stimulate SMEs and the entrepreneurship sector, increasing their share of government tenders,' he said. He noted the tangible growth in SMEs and their expanding presence in various sectors, including economic diversification and innovation. The new move, he explained, aligns with Oman's broader social and economic priorities, fostering youth participation and entrepreneurship, ultimately contributing to a diversified and sustainable economy. The decision to raise the tender value to RO25,000 further supports the National Policy for Local Content, a key initiative aimed at economic diversification and job creation. 'By expanding government tender opportunities to SMEs, we continue to enhance the entrepreneurial sector's role in driving innovation and sustainable growth,' H E Saqri added. According to the Ministry of Economy, there are 145,750 SMEs registered with Authority for Small and Medium Enterprises Development and employ 192,714 workers from the national workforce. However, despite their significant number, SMEs currently receive only 12% of government contracts. This policy shift is expected to increase their share in the coming years.
