Libya central bank governor, other bankers flee to avoid militias, FT says

Police officers stand guard outside Libya's Central Bank headquarters in Tripoli on August 27, 2024. The United States gave its backing on August 27 to UN efforts to resolve differences between Libya's rival administrations over the mangement of the central bank without cutting off vital oil income.(AFP)
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Updated 30 August 2024
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Libya central bank governor, other bankers flee to avoid militias, FT says

  • The crisis over the control of the Central Bank of Libya creates yet another level of instability in the country

Libya’s central bank governor Sadiq Al-Kabir said he and other senior bank staff had been forced to leave the country to “protect out lives” from potential attacks by armed militia, the Financial Times reported on Friday.
“Militias are threatening and terrifying bank staff and are sometimes abducting their children and relatives to force them to go to work,” Kabir told the newspaper via telephone.
He also said attempts by interim Prime Minister Abdulhamid Al-Dbeibah to replace him were illegal, and contravened UN negotiated accords on control of the central bank.
The crisis over the control of the Central Bank of Libya creates yet another level of instability in the country, a major oil producer that is split between eastern and western factions that have drawn backing from Turkiye and Russia.
The UN Support Mission in Libya early this week called for the suspension of unilateral decisions, the lifting of force majeure on oil fields, the halting of escalations and use of force, and the protection of central bank employees.


Trump warns Iran of ‘very traumatic’ outcome if no nuclear deal

Updated 12 February 2026
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Trump warns Iran of ‘very traumatic’ outcome if no nuclear deal

  • Speaking a day after he hosted Netanyahu at the White House, Trump said he hoped for a result “over the next month”

WASHINGTON: US President Donald Trump threatened Iran Thursday with “very traumatic” consequences if it fails to make a nuclear deal — but Israeli Prime Minister Benjamin Netanyahu said he was skeptical about the quality of any such agreement.
Speaking a day after he hosted Netanyahu at the White House, Trump said he hoped for a result “over the next month” from Washington’s negotiations with Tehran over its nuclear program.
“We have to make a deal, otherwise it’s going to be very traumatic, very traumatic. I don’t want that to happen, but we have to make a deal,” Trump told reporters.
“This will be very traumatic for Iran if they don’t make a deal.”
Trump — who is considering sending a second aircraft carrier to the Middle East to pressure Iran — recalled the US military strikes he ordered on Tehran’s nuclear facilities during Israel’s 12-day war with Iran in July last year.
“We’ll see if we can get a deal with them, and if we can’t, we’ll have to go to phase two. Phase two will be very tough for them,” Trump said.
Netanyahu had traveled to Washington to push Trump to take a harder line in the Iran nuclear talks, particularly on including the Islamic Republic’s arsenal of ballistic missiles.
But the Israeli and US leaders apparently remained at odds, with Trump saying after their meeting at the White House on Wednesday that he had insisted the negotiations should continue.

- ‘General skepticism’ -

Netanyahu said in Washington on Thursday before departing for Israel that Trump believed he was laying the ground for a deal.
“He believes that the conditions he is creating, combined with the fact that they surely understand they made a mistake last time when they didn’t reach an agreement, may create the conditions for achieving a good deal,” Netanyahu said, according to a video statement from his office.
But the Israeli premier added: “I will not hide from you that I expressed general skepticism regarding the quality of any agreement with Iran.”
Any deal “must include the elements that are very important from our perspective,” Netanyahu continued, listing Iran’s ballistic missile program and its support for armed groups such as the Palestinian movement Hamas, Yemen’s Houthi rebels and Hezbollah in Lebanon.
“It’s not just the nuclear issue,” he said.
Despite their differences on Iran, Trump signaled his strong personal support for Netanyahu as he criticized Israeli President Isaac Herzog for rejecting his request to pardon the prime minister on corruption charges.
“You have a president that refuses to give him a pardon. I think that man should be ashamed of himself,” Trump said on Thursday.
Trump has repeatedly hinted at potential US military action against Iran following its deadly crackdown on protests last month, even as Washington and Tehran restarted talks last week with a meeting in Oman.
The last round of talks between the two foes was cut short by Israel’s war with Iran and the US strikes.
So far, Iran has rejected expanding the new talks beyond the issue of its nuclear program. Tehran denies seeking a nuclear weapon, and has said it will not give in to “excessive demands” on the subject.