TRIPOLI: Libya’s Tripoli-based central bank said on Sunday it would shut down all operations and not resume work until a senior bank official kidnapped earlier in the day was released.
The central bank is the only internationally recognized depository for Libyan oil revenues, a vital economic income for a country torn for years between two rival governments in Tripoli and Benghazi.
The bank said an unknown party was behind the abduction on Sunday of Musaab Muslam, head of its information technology department.
“The bank rejects the mob-like methods that are practiced by some parties outside of the law,” it said in a statement.
It added that other bank officials had also been threatened and therefore it would suspend operations until “these practices are stopped and the concerned authorities intervene.”
Richard Norland, the US ambassador to Libya, said last week that attempts to replace the bank’s senior management by force could result in the North African country losing access to international financial markets.
Norland met with bank governor Sadiq Kabir to discuss concerns about armed groups gathering around the bank’s headquarters in Tripoli, the US embassy said.
“Disputes over distribution of Libya’s wealth must be settled through transparent, inclusive negotiations toward a unified, consensus-based budget,” Norland said.
Libya has enjoyed little peace since the 2011 NATO-backed uprising that overthrew longtime dictator Muammar Qaddafi, and it divided in 2014 between warring eastern and western factions.
On Aug. 9, at least nine people were killed and 16 wounded after clashes erupted between two armed factions in Tajoura, an eastern suburb of Tripoli.
Libya’s Tripoli-based Government of National Unity is headed by interim Prime Minister Abdulhamid Al-Dbeibah, who was installed through a UN-backed process in 2021.
Eastern Libya, where the national parliament is based, is under the effective control of military commander Khalifa Haftar.
Despite a 2020 truce and efforts to formally reunify institutions, a political solution has proven elusive.
Libya’s central bank suspends operations after kidnapping of official
https://arab.news/4gyz3
Libya’s central bank suspends operations after kidnapping of official
- The bank said an unknown party was behind the abduction on Sunday of Musaab Muslam, head of its information technology department
- Other bank officials had also been threatened
STC announces dissolution
RIYADH: The Yemeni separatist group Southern Transitional Council (STC) has announced it will dissolve following talks in Saudi Arabia. Several STC members are in Riyadh for discussions on ending unrest in southern Yemen. The group praised Saudi Arabia’s efforts, while former STC leader Aidarous al-Zubaidi, now wanted by the Presidential Council for high treason, has fled Yemen and has not participated in the talks.
A Yemeni source told Arab News: “this announcement and ease shown in the televised video statement shows that in fact Al Zubaidi was the obstacle, and that most southerners are open to resolving their matter via dialogue and discussion”
The members of the Southern Transitional Council (STC) in Yemen spoke during the Riyadh Southern Dialogue Conference on Friday.
During the meeting, the Council said military operations in Hadramout and Mahra harmed the Southern cause in Yemen.
The Council said they did not participate in the decision for the military operations in Hadramout and Mahra.
"We hope to reach a vision and concept for resolving the Southern issue at the Riyadh Conference,” said the Council.
The Council thanked Saudi Arabia for hosting the dialogue conference in Riyadh.
- Below is a full translation of the STC announcement as reported by the Arabic language Yemeni news agency (SABA):
Announcement of the Dissolution of the Southern Transitional Council
The Presidency of the Southern Transitional Council, the Supreme Executive Leadership, the General Secretariat, and the other affiliated bodies convened a meeting to assess the recent unfortunate events in the governorates of Hadramout and Al-Mahrah, and the subsequent rejection of all efforts toward de-escalation and resolution. These developments have led to serious and painful consequences. Referring to the statement issued by the Ministry of Foreign Affairs of the Kingdom of Saudi Arabia regarding its sponsorship of a southern dialogue to resolve the southern issue—and in order to safeguard the future of the southern cause and the right of the southern people to restore their state according to their will and aspirations, and to preserve peace and social security in the South and the broader region—we make the following declaration:
The Southern Transitional Council was established to carry the cause of the southern people, represent them, and lead them toward achieving their aspirations and restoring their state. We founded it with the belief that the goal was to achieve this mission—not to cling to it as a means of gaining power, monopolizing decision-making, or excluding others.
Since we were not involved in the decision to launch the military operation in Hadramout and Al-Mahrah—an operation that harmed southern unity and damaged relations with the coalition led by the Kingdom of Saudi Arabia, which has made and continues to make great sacrifices and provide ongoing political, economic, and military support—the continued existence of the Council no longer serves the purpose for which it was created. In light of this and our historical responsibility toward the southern cause, we hereby announce the dissolution of the Southern Transitional Council, the disbanding of all its main and subsidiary bodies, and the closure of all its offices inside and outside the country. We will instead work to achieve our just southern goal by preparing for and participating in the comprehensive southern conference under the Kingdom’s sponsorship.
We commend the Kingdom of Saudi Arabia for its clear and explicit commitments and the sincere concern it has shown for our cause in seeking solutions that meet the aspirations and will of the southern people.
We call on all active southern figures and leaders to engage in the path of the comprehensive southern dialogue conference, hoping that the participants will reach a vision and framework to resolve the southern issue and fulfill the people’s aspirations through their free will, and to establish an inclusive southern framework.
From this platform, we call on the people of the South, our colleagues in the capital Aden, and all the governorates of our beloved South to recognize the gravity of this moment, the sensitivity of the current phase, and the importance of uniting efforts to preserve our gains and protect the South from chaos or instability.
We reaffirm our continued commitment to serving the just and legitimate cause of the southern people and achieving their aspirations according to their will. We also extend our gratitude to the leadership and people of the Kingdom of Saudi Arabia for hosting the comprehensive southern dialogue conference and for their support of the South, its cause, and its people across all fields and stages.
