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LIBYA

Central bank governor al-Kabir on a knife edge

Engaged in a battle for the control of Libyan Foreign Bank with Prime Minister Fayez Sarraj, the governor of the Libyan central bank Al Seddik Omar al-Kabir has been excluded from discussions about the future of the country's economy. [...] (436 words)

Issue dated 15/01/2021 Reading time 2 minutes

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Business

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LIBYA
Ahmed Miitig
Al Seddik Omar al-Kabir
Ali el-Hebri
Central Bank of Libya
Faraj Boumtari
Khaled al-Gonsel
Khalifa Haftar
Libyan Foreign Bank
Mohamed Ben Youssef
Mohamed Siala
Mrajaa Ghait
NOC
Organized Crime and Terrorism Prevention Unit
Rada
United Nations

With Dabaiba in his corner, Kabir hopes to reassure UK investors

Al Seddik Omar al-Kabir, who kept his job as governor of the Libyan Central Bank after Abdelhamid Dabaiba took the helm of the new transitional unified government on 15 March, has made numerous official appearances in recent days and is planning more.

LIBYA Energy 18/03/2021

Trasta loses appeal against NOC's $115m Ras Lanuf refinery award

The Dubai-based Trasta, operator of the Ras Lanuf refinery, has failed to convince a Paris court of the bias of an ICC arbitrator in order to have it overturn a 2018 ruling against it in its dispute with Libya's state-owned NOC.

The Ras Lanuf refinery represents UAE's largest asset in Libya.

LIBYA Politics 09/03/2021

Dabaiba's arrival gives boost to central bank governor Al Kabir

Abdelhamid Dabaiba's appointment as head of the new interim government is great news for central bank governor Al Seddik Omar Al Kabir, who has weathered many storms to keep his seat.

LIBYA Politics 09/12/2020

Odds against Central Bank governor Al Kabir as board meeting looms

In the battle for control of the country's oil money, Prime Minister Sarraj could succeed in having the Central Bank of Libya board dismiss its governor Al Seddik Omar Al Kabir.

The governor of the Libyan Central Bank Al Seddik Omar Al Kabir, has remained in office sincehis term expired in 2014.

LIBYA Politics 27/11/2020

Libyan Foreign Bank: to stay in power, Sarraj wrests LFB back from Central bank boss al-Kabir Free

Fayez Sarraj hopes to use the lack of any political agreement on Libya's future to keep his job. He is seeking to shore up his position by bringing national financial institutions under his sway, with the help of National Oil Corp boss Mustafa Sanalla.

LIBYA Politics Diplomacy 11/11/2020

Business bigwigs Dabaiba, Raied, and Aradi muscle in on political dialogue

Three heavyweights from the world of business, all Misratis or close to the Muslim Brotherhood, are taking part in the UN-organised gathering aimed at ending Libya's crisis.

LIBYA Business 26/10/2020

Al Kabir places his men at head of Libyan Foreign Bank to keep eye on petrodollars

The Central Bank of Libya governor has positioned his strongmen on the provisional board of the LFB, which handles all of NOC's petrodollars, as part of his power struggle against Prime Minister Fayez Sarraj.

The governor of the Libyan central bank, Al Seddik Omar Al Kabir.

LIBYA Business 02/10/2020

Al Kabir seeks to retain control of Libyan Foreign Bank

Central Bank Governor Al Seddik Omar Al Kabir wants to extend one of his lieutenants' term as chairman of the bank, which could end up receiving all national oil revenues.

Al Seddik Omar Al Kabir, Governor of the Central Bank of Libya.

LIBYA Politics 10/07/2020

CBL governor Al Kabir blocks payment of Deloitte audit

A UN-ordered audit of the Central Bank of Libya and its Eastern rival is being blocked by governor Al Seddik Omar Al Kabir in a move that could earn him UN sanctions.

Central Bank of Libya governor Al Seddik Omar Al Kabir.

Turkish Foreign Minister Mevlüt Çavusoglu was on a trip to Tripoli on 17 June, along with the head of the Turkish intelligence agency MIT, Hakan Fidan, as Ankara seeks to weigh in on the overhaul of Libyan intelligence. © Turkish Foreign Ministry/Handout via Reuters

Spotlight

LIBYA Politics 02/07/2020

Behind-the-scenes battle in Tripoli for top intelligence job

The coveted post of Tripoli intelligence chief is giving rise to a power struggle within the government as Turkey considers a major overhaul of the intelligence services.

LIBYA Finance Business 26/05/2020

Tripoli Central Bank of Libya governor Al Kabir loses closest ally Tarik Yousef Al Megarief

Libyan "paymaster" Al Seddik Omar Al Kabir has lost the support of his right-hand man. Tarik Yousef al Megarief is now campaigning against Al Kabir on the central bank's board.

In Focus

LIBYA Diplomacy 21/10/2019

Washington, Doha and Ankara wrestle for control of Central Bank of Libya

The unification of the two Central Banks of Libya (CBL) is a priority for Washington, which has been doing all in its power since September to oust the powerful governor of the Tripoli CBL, Al Seddik Omar Al Kabir.

Spotlight

LIBYA Politics 20/06/2019

Misrata wants central bank as war booty if Khalifa Haftar wins

The Misrati forces fighting Khalifa Haftar's Libyan National Army (LNA) are preparing to smuggle the Central Bank of Libya (CBL) out of Tripoli to their home city in the event that they are routed. This fall-back plan could cause serious

Spotlight

LIBYA UNITED STATES Politics 06/06/2019

Belkacem Haftar bids to cut off Fayez Sarraj's oil revenues

With the offensive he launched on Tripoli in early April bogged down, General Khalifa Haftar is now trying to cut off the oil revenues of the Government of National Accord (GNA). His son, Belkacem Haftar, took this message to Washington

LIBYA Business 18/04/2019

"Big Four" give up on Libyan central banks audits

The audit of Libya's two rival central banks, which had been called for by the United Nations Support Mission in

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LIBYA
Ahmed Miitig
Al Seddik Omar al-Kabir
Ali el-Hebri
Central Bank of Libya
Faraj Boumtari
Khaled al-Gonsel
Khalifa Haftar
Libyan Foreign Bank
Mohamed Ben Youssef
Mohamed Siala
Mrajaa Ghait
NOC
Organized Crime and Terrorism Prevention Unit
Rada
United Nations

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Central bank governor al-Kabir on a knife edge

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With Dabaiba in his corner, Kabir hopes to reassure UK investors

Trasta loses appeal against NOC's $115m Ras Lanuf refinery award

Dabaiba's arrival gives boost to central bank governor Al Kabir

Odds against Central Bank governor Al Kabir as board meeting looms

Libyan Foreign Bank: to stay in power, Sarraj wrests LFB back from Central bank boss al-Kabir Free

Business bigwigs Dabaiba, Raied, and Aradi muscle in on political dialogue

Al Kabir places his men at head of Libyan Foreign Bank to keep eye on petrodollars

Al Kabir seeks to retain control of Libyan Foreign Bank

CBL governor Al Kabir blocks payment of Deloitte audit

Behind-the-scenes battle in Tripoli for top intelligence job

Tripoli Central Bank of Libya governor Al Kabir loses closest ally Tarik Yousef Al Megarief

Washington, Doha and Ankara wrestle for control of Central Bank of Libya

Misrata wants central bank as war booty if Khalifa Haftar wins

Belkacem Haftar bids to cut off Fayez Sarraj's oil revenues

"Big Four" give up on Libyan central banks audits

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Central bank governor al-Kabir on a knife edge

This article may be accessed by subscribers and e-wallet holders (USD 12.50)

2 options offered to continue reading

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Set up email notifications for these topics

With Dabaiba in his corner, Kabir hopes to reassure UK investors

Trasta loses appeal against NOC's $115m Ras Lanuf refinery award

Dabaiba's arrival gives boost to central bank governor Al Kabir

Odds against Central Bank governor Al Kabir as board meeting looms

Libyan Foreign Bank: to stay in power, Sarraj wrests LFB back from Central bank boss al-Kabir Free

Business bigwigs Dabaiba, Raied, and Aradi muscle in on political dialogue

Al Kabir places his men at head of Libyan Foreign Bank to keep eye on petrodollars

Al Kabir seeks to retain control of Libyan Foreign Bank

CBL governor Al Kabir blocks payment of Deloitte audit

Behind-the-scenes battle in Tripoli for top intelligence job

Tripoli Central Bank of Libya governor Al Kabir loses closest ally Tarik Yousef Al Megarief

Washington, Doha and Ankara wrestle for control of Central Bank of Libya

Misrata wants central bank as war booty if Khalifa Haftar wins

Belkacem Haftar bids to cut off Fayez Sarraj's oil revenues

"Big Four" give up on Libyan central banks audits

Set up email notifications for these topics

First visit

Contacts

Tools

Follow us

A website produced by

Indigo Publications also publishes: