Search Site

Honda shares soar 16%

The surge came after the auto giant announced a $7bn buyback.

Mubadala acquires stakes from GHH

It acquired an 80 percent stake in Global Medical Supply Chain.

ADNOC Drilling closes JV

It is a JV between ADNOC Drilling, SLB and Patterson UTI.

Boeing to boost 787 production

The firm will invest$1bn to ramp up production in South Carolina.

ADNOC signs deal with PETRONAS

Under the agreement, ADNOC will supply 1m tons of LNG per year.

Muammar Gaddafi’s son suggests he may run for president in Libya

    • He spoke in a rare interview, given to the New York Times at an opulent two-storey villa inside a gated compound at Zintan in the west of the North African country

    • The 49-year-old had been seen as his father’s presumed successor before 2011

    Saif al-Islam, the son of slain dictator Muammar Gaddafi wants to “restore the lost unity” of Libya after a decade of chaos and does not exclude standing for the presidency.

    He spoke in a rare interview, given to the New York Times at an opulent two-storey villa inside a gated compound at Zintan in the west of the North African country.

    For years, mystery had surrounded the precise whereabouts of a man wanted for war crimes by the International Criminal Court (ICC).

    The 49-year-old, who before 2011 had been seen as his father’s presumed successor, said politicians in the decade since have brought Libyans “nothing but misery”.

    “It is time for a return to the past. The country — it’s on its knees… There’s no money, no security. There’s no life here,” Saif al-Islam said in his first appearance in years.

    After four decades in power, Muammar Gaddafi and his relatives were the target of a popular uprising in 2011.

    Three of the dictator’s seven sons were killed, but the fate of Saif al-Islam, whose name means “sword of Islam” was unknown.

    He was captured by a Libyan militia in November 2011, days after his father was killed.

    Four years later, a Tripoli court sentenced him in absentia to death for crimes committed during the revolt.

    The ICC has repeatedly asked for him to be handed over for trial.

    Political comeback

    Until the interview, Saif al-Islam had not been seen or heard from since June 2014, when he appeared via video link from Zintan during his trial by the Tripoli court.

    Saif al-Islam said in the interview that he was a free man organising a political return, and that his former captors “are now my friends”.

    He told the paper the militiamen eventually realised he could be a powerful ally.

    In recent years Libya has been split between two rival administrations backed by foreign forces and countless militias.

    In October, after Turkey-backed forces of the Tripoli-based Government of National Accord (GNA) routed those of eastern military strongman Khalifa Haftar, the two camps agreed a ceasefire in Geneva.

    The security situation has been slowly improving since. A provisional government was agreed in March, and general elections are expected to take place on December 24.

    Any possible return by Saif al-Islam to Libyan politics would face hurdles, including his conviction by the Tripoli court and the ICC warrant for his arrest.

    But the Britain-educated son of Muammar Gaddafi seems undeterred, according to the New York Times.

    Saif al-Islam said “he was confident that these legal issues could be negotiated away if a majority of the Libyan people choose him as their leader”.

    The paper quoted him as saying: “I’ve been away from the Libyan people for 10 years. You need to come back slowly, slowly. Like a striptease. You need to play with their minds a little.”

    Asked if it felt strange to seek shelter in Libyan homes when he was on the run in 2011, he was as enigmatic as some of the opinions expressed in his late father’s ‘Green Book’.

    “We’re like fish, and the Libyan people are like a sea for us,” Saif al-Islam replied.

    “Without them, we die. That’s where we get support. We hide here. We fight here. We get support from there. The Libyan people are our ocean.”