Libya Financial News

Trump used a speech to a Republican Jewish convention Saturday to promise reimposition of a controversial travel ban that targeted a slew of mostly Muslim countries if he gets re-elected. «We will keep radical Islamic terrorists the hell out of our country,» Trump told the audience attending the annual summit of the Republican Jewish Coalition. «You remember the travel ban? On day one I will restore our travel ban.» At the start of his presidency in 2017, Trump imposed sweeping restrictions on the entry of travelers from Iran, Libya, Somalia, Syria, Yemen and, initially, Iraq and Sudan.

The International Monetary Fund says Middle East economies are gradually recovering as external shocks from the war in Ukraine and global inflation fade

French investigative judges have filed preliminary charges against former President Nicolas Sarkozy

CYRENE, Libya — The flooding that killed thousands in Libya's Derna last month damaged the ruins at the ancient Greek city of Cyrene in the mountains nearby, but it also revealed new archaeological remains thereby washing away earth and stones. Storm Daniel may have caused a meter of rain to fall on the hills of eastern Libya, an unprecedented amount since records began in the mid-19th century scientists say, and water was still flowing through the site when Reuters visited last week.

Putin was on Friday shown meeting one of the most senior former commanders of the Wagner mercenary group, Andrei Troshev, and discussing how best to use «volunteer units» in the Ukraine war. Is Wagner back, who controls it and are its fighters returning to the Ukraine war?

Derna in northeastern Libya this month has been of biblical proportions. Torrential rains from Storm Daniel burst two dams upstream from Derna, sending a wall of water crashing through the city centre that razed entire neighbourhoods. The death toll from the flooding has touched 11,300, and another 10,100 people are missing.

By Ahmed Elumami and Ayman al-Warfali

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's eastern city of Derna has climbed to 11,300, the United Nations said in an update on Saturday, citing the Libyan Red Crescent. Another 10,100 people are still missing in the devastated city, the UN's Office for the Coordination of Humanitarian Affairs said, using Red Crescent figures. Elsewhere in eastern Libya outside Derna, the flooding took an additional 170 lives, the update said. «These figures are expected to rise as search-and-rescue crews work tirelessly to find survivors,» the UN update said. Nearly a week after Storm Daniel hit northeastern Libya, «the humanitarian situation remains particularly grim in Derna,» the update said. Severe drinking water problems have gripped the city, and at least 55 children were poisoned from drinking polluted water, it said.

By Ayman al-Warfali and Ahmed Elumami

By Ahmed Elumami, Ayman al-Warfali and Emma Farge

Also read: Libya flood updates: Death toll in Derna rises to over 11,000. 10 points UN World Meteorological Organization said many deaths could have been avoided if early warning and emergency management systems had functioned properly in the war-scarred country. However, hydrologist Abdul Wanis Ashour who researched the system of dams protecting Derna 17 years ago, found several problems in the eastern port town.

Italian Premier Giorgia Meloni is vowing to take “extraordinary measures” to deal with an influx of migrants

An Egyptian village is mourning dozens of its men killed in the horrific floodwaters that tore through the city of Derna in neighboring Libya

As the U.S. and Russia vie for greater influence in Africa, Moscow is seeking access for its warships to a Mediterranean port in Libya that could expand its naval footprint in the North Atlantic Treaty Organization’s backyard. Senior Russian officials, including Deputy Defense Minister Yunus-Bek Yevkurov, met with Libyan warlord Khalifa Haftar in recent weeks to discuss long-term docking rights in areas he controls in the war-torn country’s east, according to Libyan officials and advisers.

banking services at precisely the moment when extra funds are most needed for essential supplies such as medical supplies and food. Cryptocurrency transfers have become an increasingly popular way to provide financial assistance to disaster victims due to their speed, low costs, borderless nature, and transparent transactions.

Libya's coastal city of Derna has soared to 11,300 as search efforts continue following a massive flood fed by the breaching of two dams in heavy rains, the Libyan Red Crescent said Thursday. Marie el-Drese, the aid group's secretary-general, told The Associated Press by phone that a further 10,100 people are reported missing in the Mediterranean city. Health authorities previously put the death toll in Derna at 5,500.

Libya flood updates: The Libyan Red Crescent said that the death toll in Libya's coastal city of Derna has soared to 11,300 as the search efforts continue. However, local officials suggested that the death toll could be much higher than announced, The Associated Press has reported. Daniel, an unusually strong Mediterranean storm, caused deadly flooding in communities across eastern Libya, the worst-hit was Derna.

A Mediterranean city dotted with historic mosques and the ruins of a nearby Byzantine church, Derna was once a haven for artists and intellectuals in Libya. Now, it is a wasteland after a deadly storm caused floods that broke dams, swept entire buildings out to sea and killed thousands of people. The natural disaster was decades in the making—a result of years of official neglect of two nearby dams during the authoritarian regime of Moammar Gadhafi and the political crisis and war since his ouster in a 2011 revolution.

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.

By Robert Harvey