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Libyan Parliament Bans Transactions with Non-State Maritime Companies

October 30, 2024
Libyan Parliament Bans Transactions with Non-State Maritime Companies
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The Speaker of the Libyan Parliament, Ageela Saleh, has directed affiliated bodies to engage exclusively with the General Company for Maritime Transport, led by Khaled Al-Tawati, and to refrain from any dealings with parallel companies.

This decision underscores that the General Company for Maritime Transport represents the legal authority of the firm, aiming to prevent conflicts and divisions while safeguarding the company’s finances and assets from any potential misuse.

Libya has been in chaos since a NATO-backed uprising toppled longtime leader Muammar Gaddafi in 2011. The county has for years been split between rival administrations.

Libya’s economy, heavily reliant on oil, has suffered due to the ongoing conflict. The instability has led to fluctuations in oil production and prices, impacting the global oil market and Libya’s economy.

The conflict has led to a significant humanitarian crisis in Libya, with thousands of people killed, and many more displaced. Migrants and refugees using Libya as a transit point to Europe have also faced dire conditions.

The planned elections for December 2021 were delayed due to disagreements over election laws and the eligibility of certain candidates. This delay has raised concerns about the feasibility of a peaceful political transition.

Despite the ceasefire, security remains a significant concern with sporadic fighting and the presence of mercenaries and foreign fighters. The unification of the military and the removal of foreign forces are crucial challenges.

Tags: Ageela SalehlibyaMaritime Transport
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