Weather: Low pressure system brings rain and stormy winds over weekendThe Libyan Investment Authority announces the completion of the preparation of its consolidated financial statements.

RAMALLAH: The country is gradually being influenced today by a low-pressure system accompanied by a cold air mass, resulting in a drop in temperatures during the day hours, according to the Palestinian Meteorological Department. Rain is expected over the northern and central areas during the night, heavy at times with occasional thunderstorms. The winds will be active, occasionally gusting up to 60 km/h. The impact of the low-pressure system persists into Saturday, bringing cloudy, stormy, and cold conditions. Periodic rainfall, likely accompanied by thunderstorms, is expected in the northern and central regions, extending to the southern areas later in the night. The effects of the low-pressure system will continue to influence the country on Sunday morning, with a chance of intermittent rainfall in some regions. On Monday, the weather is expected to be partly cloudy, with a slight rise in temperatures. The air will remain cold in mountainous regions and relatively cool in other areas. Source: Palestine news & Information Agency – WAFA The Libyan Investment Authority announced today, Thursday, the completion of the preparation of the consolidated financial statements for it and for all its affiliated companies, funds, and portfolios. The institution confirmed in a statement on its Facebook account that this step came in cooperation with Deloitte, one of the largest international experts specialized in accounting and auditing, which supervised the revision and evaluation of the lists. The institution added that all work related to the compilation and analysis of the consolidated financial statements has been successfully completed in accordance with recognized international accounting standards. The statement added that the Foundation's specialized accounting and auditing team has devoted significant and continuous efforts to ensure the quality and accuracy of the consolidated financial statements in cooperation with the Foundation's international partners. The Corporation explained that the financial statements were analyzed with great care to ensure the provision of accurate and reliable information that reflects a comprehensive picture of the financial position of the Corporation Group, in a precedent that is the first in its history within a unified financial reporting standard. The institution indicated that the standard meets the needs of the Libyan Investment Authority and stakeholders to make the best strategic decisions at the group level and ensures control of operations and risk management, as well as identifying and settling inherited accounting problems, according to what was stated in the statement. Source: Libyan News Agency