Search Site

Trends banner

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

Libya’s eastern govt postpones Derna reconstruction conference

A man sits as rescue teams work in a destroyed area in Libya's eastern city of Derna on September 18, 2023. (AFP)
  • The authorities later said that the conference would draw in international corporations, and on Sunday the committee said the postponed event would be held in Derna and Benghazhi.
  • Libya is divided between an internationally recognized Tripoli-based administration in the west, and the one in the flood-stricken east backed by military strongman Khalifa Haftar.

Benghazi, Libya — Libya’s eastern authorities Sunday announced the postponement of a reconstruction conference for the flood-hit city of Derna that had been planned for October 10 but was met with international skepticism.

The conference was put off until November 1-2 to “offer time for the submission of effective studies and projects” for the reconstruction effort, the committee charged with planning the meeting said in a statement.

The divided country’s eastern administration last month invited the “international community” to attend the conference in Derna, much of which was devastated by a September 10 flash flood that killed thousands.

The authorities later said that the conference would draw in international corporations, and on Sunday the committee said the postponed event would be held in both Derna and Benghazi.

The North African country has been wracked by divisions since a NATO-backed uprising toppled and killed veteran dictator Moamer Kadhafi in 2011.

Libya is now divided between an internationally recognized Tripoli-based administration in the west, and the one in the flood-stricken east backed by military strongman Khalifa Haftar.