This is a temporary backup site for TRENDS MENA while our primary website is being restored following a regional disruption affecting Amazon Web Services cloud infrastructure in the GCC.

Search Site

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Masar 2025 net profit $262m

Higher land plot sales boost revenue and operating income.

Tasnee’s 2025 losses deepen

The petrochemicals' company's revenue also fell 17.7 percent.

DP World 2025 revenue $24.4bn

The profit for the year up 32.2% to reach $1.96bn.

BYD 2025 revenue surges

The EV manufacturer reported net profit of $.3.3bn for 9M 2025.

Libya parliament denounces ‘errors’ in UN envoy’s report

  • In a statement on Tuesday, the office of parliament chief Aguila Saleh voiced "surprise at the errors in the briefing over the failure of parliament
  • Polls in Libya had been set for December 2021 but were postponed indefinitely amid bitter divisions over who could stand and what powers the president would have

Tripoli, Libya– Libya’s parliament hit back Tuesday at the UN envoy to the war-torn country, after he criticized its failure to agree a legal basis for elections and proposed a UN-led initiative.

The form and rules around elections have been key sticking points in Libya’s faltering peace process since the last major round of fighting in the North African country, torn apart by a decade of war.

The envoy, Senegalese diplomat Abdoulaye Bathily, had on Monday told the United Nations Security Council he planned to create a “high-level steering panel” to enable presidential and legislative elections to be held this year.

He noted that the eastern-based parliament and Libya’s High Council of State, based in Tripoli, had “not been able to agree on a consensual constitutional basis for elections”.

In a statement on Tuesday, the office of parliament chief Aguila Saleh voiced “surprise at the errors in the briefing over the failure of parliament and the HCS to agree a constitutional basis for elections”.

The statement accused Bathily of “double standards” and “lacking impartiality”.

Saleh’s House of Representatives earlier this month passed an amendment to the country’s Constitutional Declaration — an interim constitution — which it said would provide a legal basis for elections.

Legislative and presidential polls had been set for December 2021 but were postponed indefinitely amid bitter divisions over who could stand and what powers the president would have, among other issues.

In his briefing, Bathily noted that the amendment had “yet to be endorsed” by the HCS.

The “amendment is controversial within the Libyan political class and general citizenry”, he added.

“It does not address key contentious issues such as the eligibility criteria for presidential candidates (and) does not stipulate a clear road map.”

Libya has been riven by conflict since the 2011 revolt that toppled and killed dictator Moamer Kadhafi.

Two rival administrations are vying for power, that of interim prime minister Abdelhamid Dbeibah in the western capital, Tripoli, and a separate government in the central city of Sirte, backed by the eastern-based parliament.