Libya closes Egyptian embassy as tensions rise over Turkey military pact: Libya’s Tripoli-based government has announced that it will close its embassy in Egypt due to “security reasons” amid fallout over the military and maritime agreements signed with Turkey earlier this month. Turkey, whose parliament yesterday ratified the agreement to provide military support to Fayez Al Serraj’s government, has suggested that it could send troops to the country to defend the capital against forces allied to General Khalifa Haftar, who leads the rival government in Tobruk. Egypt’s parliament speaker Ali Abd El Aal yesterday restated that Egypt considers Haftar’s government to be the country’s legitimate authority, leading to a firm rebuke by Libya’s High Council of State which accused Egypt of attempting a “military coup.”
More from Enterprise
Israel’s Arkia Airlines moves flights to Egypt’s Taba to bypass wartime airspace restrictions
Israel’s Arkia shifts some flights to Egypt as airspace tightens…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Private capital hasn’t frozen in MENA — but the exit playbook could change if the war drags on
PE and VC-backed companies were already pivoting to local exchanges…
Telda moves into investing with zero-fee stock trading
Telda claims users can sell a position and immediately spend…