Libyan politics is again in danger of splitting into two rival administrations, after the Tobruk-based House of Representatives on Thursday appointed a new prime minister in a challenge to the UN-backed government in Tripoli, the Financial Times reports. Former interior minister Fathi Bashagha’s appointment throws the UN-backed process to unite the country into further uncertainty, following the blow dealt by the failure to hold elections that were scheduled for December. Interim Prime Minister Abdul Hamid Dbeibeh rejected the appointment of his rival and refused to step down until elections are held.
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…