Archive | Security

UNDP Anti-Corruption Day event in Benghazi

UNDP in Libya marks Anti-Corruption Day with a roundtable in Benghazi As the devastating socio-economic consequences of the COVID-19 pandemic continue to reverberate across the globe, the virus is creating, "new opportunities to exploit weak oversight and inadequate transparency, diverting funds away from people in their hour of greatest need". This year's United Nations campaign […]

Why Turkey Intervened in Libya

By Jalel Harchaoui, Senior Fellow at the Global Initiative Against Transnational Organized Crime, for the Foreign Policy Research Institute. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Libya Business News. Why Turkey Intervened in Libya Through a historical analysis of Turkey's military intervention in Libya, this […]

Compliance Risk: The Libyan Investment Authority Story

By Brian Monroe, for the Association of Certified Financial Crime Specialists. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Libya Business News. Sovereign Wealth Funds and Compliance Risk - The Libyan Investment Authority story A telling, if extreme, example of how a SWF can go from […]

Cost of Conflict in Libya "Exceeds $576 bn"

Cost of conflict in Libya exceeds $576 billion, ESCWA study finds The cost of the conflict in Libya since its outbreak in 2011 exceeds 783 billion Libyan dinars (LYD), i.e. $576 billion according to the official exchange rate (bearing in mind that different rates coexist in the Libyan market). This is one of the key […]

US says UAE Possibly Funding Russian Mercenaries in Libya

By Amy Mackinnon and Jack Detsch for Foreign Policy. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Libya Business News. Pentagon Says UAE Possibly Funding Russia's Shadowy Mercenaries in Libya Summer always seems to be the cruelest season in the Middle East. The examples include the […]

Libyan Rivals start New Talks in Morocco

By Adam Nathan (@adamgnathan). Delegations from Libya's High Council of State and the Libyan House of Representatives, the two legislative bodies that have been competing for power in Libya, are set to hold a coordination meeting this afternoon in Morocco, ahead of a historic meeting in Ghadames. Today's meeting is set to take place at […]

US imposes Sanctions on the Kaniyat Militia

By John Lee. The United States has imposed sanctions on Mohamed al-Kani and the Kaniyat militia in connection with what it says is the massacre of hundreds of civilians in recent years. In a press statement, US Secretary of State Mike Pompeo (pictured) said: "Al-Kani and the Kaniyat militia, which al-Kani leads, are designated pursuant […]

Allegations of Bribery at Libyan Political Dialogue Forum

By John Lee. A group of Libyan human rights organizations has said it is "deeply disturbed by reports of financial bribes offered for the purpose of obtaining political gain that purportedly took place during the sessions of the Libyan Political Dialogue Forum held in Tunis this month". The group, which includes Lawyers for Justice in […]