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LIBYA

Al Kabir handpicks new Libyan Foreign Bank committee

The governor of the Central Bank of Libya, Al Kabir, didn't take the trouble to consult with his board before appointing the new management team for Libyan Foreign Bank, keeper of the country's oil revenue. [...] (487 words)

Issue dated 15/04/2021 Reading time 2 minutes

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Politics

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LIBYA
Abdelhamid Dabaiba
Akram Grew
Al Seddik Omar Al Kabir
Al-Qaeda
Arab International Bank
Banca UBAE
British Arab Commercial Bank
Central Bank of Libya
Corinthia Palace Hotel Company
Fayez Sarraj
Government of National Accord
Ibrahim Sahad
International Hotel Investments
Khaled Al Gonsel
Libyan Foreign Bank
Libyan Foreign Investment Company
Libyan Investment Authority
Mohamed Abdallah Grew
Mohamed Ali Al Darrat
Muammar Gaddafi
Muslim Brotherhood
Mustafa Al Manea
National Front for the Salvation of Libya
National Front Party
National Oil Corp

Central banks of Libya and Tunisia keep it in the family

The governor of the Libyan central bank has given his Tunisian counterpart's wife a seat on the board of one of the bank's Italian subsidiaries. [...]

The Governor of the Libyan Central Bank (LCB) Al Seddik Omar al-Kabir. © Hazem Ahmed/FW1F/Andrew Heavens/Reuters

Inner circles

LIBYA Politics 18/02/2022

Central Bank of Libya at heart of battle between Dabaiba and Bachagha

With billions of dollars of oil revenues in its coffers, the politically powerful Central Bank of Libya has been presided over for a decade by the unbudgeable Al Seddik Omar Al Kabir. It recently began the process of reuniting with its breakaway branch in eastern Libya and found itself straight away in the middle of the tug-of-war between Abdelhamid Dabaiba and Fathi Bachagha for the premiership. [...]

ALGERIA Business 21/05/2021

Italy's Safet on tight deadline for Oran hotel makeover

The Italian firm Safet and its Algerian subsidiary Refit have been given a year, and not a month longer, to renovate the Grand hôtel in Oran. [...]

LEBANON AFRICA Finance Business 14/05/2021

Lebanese banks' African subsidiaries hit by chaos back home Free

The ongoing political and financial disaster in Lebanon is slowing the growth of the country's banks in Africa. Bank Audi has sacrificed its Egyptian subsidiary in order to inject some liquidity into its parent company. [...]

LIBYA Diplomacy 22/04/2021

Mercury Public Affairs hires Toby Moffett to lobby for Dabaiba in Washington

Mercury Public Affairs has tasked the American Toby Moffett with overseeing the lobbying contract awarded by the Libyan government on 7 April. A former Democratic congressman, he has represented Morrocan interests in Washington for several years. [...]

LIBYA Diplomacy 19/04/2021

New Libyan Foreign Bank boss Al Darrat continues to lobby in Washington

Mohamed Ali Al Darrat, the newly appointed head of the LFB, will remain Prime Minister Abdelhamid Dabaiba's special envoy to the United States, where he recently facilitated the signing of a new lobbying contract between Tripoli and Mercury Public Affairs. [...]

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. © Sabri Elmhedwi/EPA/MaxPPP

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. [...]

Libyan Prime Minister Fayez Sarraj. © CLAUDIO PERI/EPA/Newscom/MaxPPP

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. © Aidan Lewis/Reuters

Receive free prompts for these topics

LIBYA
Abdelhamid Dabaiba
Akram Grew
Al Seddik Omar Al Kabir
Al-Qaeda
Arab International Bank
Banca UBAE
British Arab Commercial Bank
Central Bank of Libya
Corinthia Palace Hotel Company
Fayez Sarraj
Government of National Accord
Ibrahim Sahad
International Hotel Investments
Khaled Al Gonsel
Libyan Foreign Bank
Libyan Foreign Investment Company
Libyan Investment Authority
Mohamed Abdallah Grew
Mohamed Ali Al Darrat
Muammar Gaddafi
Muslim Brotherhood
Mustafa Al Manea
National Front for the Salvation of Libya
National Front Party
National Oil Corp

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