It was once one of Africa’s richest countries. Today, Libya is a shell of its former self.
It’s been seven years since Muammar Qaddafi was ousted and killed by angry Libyans in a Nato-backed uprising. But what was seen as a moment of hope has morphed into a seven-year nightmare.
Today, the country remains divided. There are two main factions. The Government of National Accord or GNA is led by Prime Minister Fayez Serraj. It has the backing of the UN and controls the country’s capital, Tripoli.
The east is controlled by Field Marshal Khalifa Haftar and the Libyan National Army or LNA.
For the first time in months, Haftar and Serraj met in Italy. The two agreed to back a UN action plan that calls for national elections to be held by June 2019.
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Read more:
Libya's key political players commit to UN plan after Palermo talks
Exclusive: Libya needs $60bn to overhaul energy infrastructure, says NOC chairman
German intelligence warnings
- 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
- 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
- 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250
Source: Federal Office for the Protection of the Constitution
COMPANY PROFILE
● Company: Bidzi
● Started: 2024
● Founders: Akshay Dosaj and Asif Rashid
● Based: Dubai, UAE
● Industry: M&A
● Funding size: Bootstrapped
● No of employees: Nine
Leap of Faith
Michael J Mazarr
Public Affairs
Dh67
Guide to intelligent investing
Investing success often hinges on discipline and perspective. As markets fluctuate, remember these guiding principles:
- Stay invested: Time in the market, not timing the market, is critical to long-term gains.
- Rational thinking: Breathe and avoid emotional decision-making; let logic and planning guide your actions.
- Strategic patience: Understand why you’re investing and allow time for your strategies to unfold.
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COMPANY%20PROFILE
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RedCrow Intelligence Company Profile
Started: 2016
Founders: Hussein Nasser Eddin, Laila Akel, Tayeb Akel
Based: Ramallah, Palestine
Sector: Technology, Security
# of staff: 13
Investment: $745,000
Investors: Palestine’s Ibtikar Fund, Abu Dhabi’s Gothams and angel investors