INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Libya armed groups step back after Tripoli escalation

A group of young Libyan activists protest against the postponement of the presidential elections in the capital Tripoli's Martyrs Square, on December 25,2021. AFP File Photo
  • Libya has been riven by conflict since the 2011 revolt that toppled dictator Moamer Gadhafi
  • It has had two rival governments before: from 2014 till Abdulhamid Dbeibah was sworn in last year

Libya’s parliament-appointed prime minister said on Friday that armed groups backing him had withdrawn from positions around Tripoli, after the UN warned of a new escalation in the divided country.

Libya has had rival administrations since the eastern-based assembly swore in a prime minister earlier this month in a challenge to interim premier Abdulhamid Dbeibah.

Dbeibah has refused to hand over power to Fathi Bashagha, arguing that his own administration, installed last year under a United Nations-led peace process, has a mandate to rule until elections.

Pro-Bashagha forces had deployed on the eastern edges of Tripoli on Thursday, prompting the UN mission in Libya (UNSMIL) to warn against any escalation.

But Bashagha’s office said in a statement in the early hours of Friday that the groups had “opted not to use arms, and to return to their bases”.

The groups had mobilized “to provide security, not to wage war”, it said.

Libya has been riven by conflict since the 2011 revolt that toppled dictator Moamer Gadhafi, and has had two rival governments before: from 2014 until Dbeibah was sworn in last year.

Washington’s ambassador to Libya, Richard Norland, had also warned Thursday against spiraling tensions.

Late Thursday evening he said he had spoken to both Dbeibah and Bashagha, praising what he said were moves to resolve the standoff peacefully.

He commended Dbeibah’s “commitment to protect lives” and Bashagha’s “willingness to de-escalate tensions”.

“Libya’s stability and unity can only be sustained through dialogue and respect for the right of freedom of movement throughout the country,” he tweeted.

In a recording published on Friday, Bashagha said he was “ready for any dialogue” and repeated that he was “a supporter of peace, not war”.

“We reassure our compatriots in Tripoli that there will not be a war,” he said.