A standoff over control of the bank had destabilized the country’s economy and raised the prospect of fresh fighting between Libya’s eastern and western factions.
Tag: Libya
A Year After a Deadly Flood, a Libyan City Is Rebuilding but Not Whole
Derna is quickly being reconstructed after a flood that killed thousands. But questions linger about the process, and residents say new buildings cannot erase their trauma.
Why Oil Prices Remain Subdued
Despite war in the Middle East and political turmoil in Libya, investors are focusing on what look like ample global supplies.
A Standoff at Libya’s Central Bank Shows Cracks in Country’s Political Stability
The country has settled into a tense east-west divide, but turmoil around the central bank, which handles Libya’s oil riches, has worsened a fraying, fragile political setup.
12 Officials Sentenced for Roles in Devastating Libya Flood
The officials were punished nearly a year after two dams above the seaside city of Derna failed in a storm, killing thousands and destroying much of the area.
Russia Tightens Grip on Wagner Units in Africa, Year After Failed Mutiny
Moscow has largely taken over the African operations of the paramilitary group, once led by Yevgeny Prigozhin, who was killed after leading an insurrection against Vladimir Putin.
At Least 61 Migrants Drown Off Libya, I.O.M. Says
The vessel set off with 86 people on board, the International Organization for Migration in Libya said, and women and children were among those who died in the shipwreck.
Italian Officials Question Meloni’s Deal to Divert Migrants to Albania
Prime Minister Giorgia Meloni of Italy says that outsourcing the processing and containment of migrants is a breakthrough model for Europe. Politicians question if it is legal, ethical or practical.
Libya Flooding Disaster Underlines the Country’s Corruption
Repair work was agreed but never finished and Derna paid the price. Experts say infrastructure projects have long been neglected, with officials focusing instead on lining their own pockets.
After Libya Flooding, Signs Point to a Crackdown on Dissent
Several people have been arrested and some journalists and aid workers have been shut out of the eastern city of Derna after dams burst, killing thousands. Communications have also been disrupted.