City Tripoli Financial News

One of Libya’s dueling authorities unilaterally fired the powerful central bank governor in an abrupt move that is likely to inflame tensions in the divided North African country

Libya’s eastern parliament has agreed to appoint Naji Mohamed Issa Belqasem as the new central bank governor after the former governor, Sadiq al-Kabir, was fired last month by the presidential council in the capital, Tripoli

Derna, sweeping thousands to their deaths, the international aid effort gained pace on Sunday to help the grieving survivors. Search-and-rescue teams wearing face masks and protective suits kept up the grim search for any survivors who may still be trapped in the mud-caked wasteland of smashed buildings, crushed cars and uprooted trees. Traumatised residents, 30,000 of whom are now homeless in Derna alone, are in dire need of clean water, food, shelter and basic supplies amid a growing risk of cholera, diarrhoea, dehydration and malnutrition, UN agencies warn. «In this city, every single family has been affected,» said one resident, Mohammad al-Dawali. Seir Mohammed Seir, a member of the security forces, spoke of a three-month-old girl who lived through the tragedy: «Her entire family died, she was the only one who survived.» Emergency response teams and relief goods have been deployed from France, Iran, Malta, Russia, Tunisia, Turkey and the United Arab Emirates, with more on the way from multiple other European and Arab nations. The aid effort has been hampered by the political division of Libya, which was thrown into war and chaos after a 2011 NATO-backed uprising led to the overthrow and killing of veteran dictator Moamer Kadhafi. The oil-rich North African country now remains split between two rival governments — a UN-backed administration in the capital Tripoli, and one based in the disaster-hit east. Amid the chaos, the true death toll remained unknown, with untold numbers feared swept into the sea. The health minister of the eastern administration, Othman Abdeljalil, has said that 3,252 people were confirmed dead in Derna, where corpses wrapped in blankets and in body bags have lined squares and streets. The UN

Libya, reported CNN on Wednesday. The death toll was revised on Wednesday morning local time, according to health ministry undersecretary of the Unity Government in Tripoli, Saadeddin Abdul Wakil. According to workers, mortuaries are overflowing in hospitals that are still closed despite the pressing need to treat disaster survivors. As per Egypt's emigration ministry, the government buried 87 Egyptian victims who died in Libya. Authorities fear 10,000 more people remain missing, maybe swept out to sea or buried beneath rubble strewn over the metropolis that formerly housed over 100,000 people. The flooding in Derna has displaced over 30,000 people, according to the International Organisation for Migration (IOM) in Libya.

Libya’s central bank has announced its reunification after being split for nearly a decade due to the country’s long-running civil war that resulted in two rival administrations, in the east and the west