President of Libyan House of Representatives: Presidential Election Only Solution

President of the Libyan House of Representatives Aguila Saleh. Reuters
President of the Libyan House of Representatives Aguila Saleh. Reuters
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President of Libyan House of Representatives: Presidential Election Only Solution

President of the Libyan House of Representatives Aguila Saleh. Reuters
President of the Libyan House of Representatives Aguila Saleh. Reuters

President of the Libyan House of Representatives Aguila Saleh has called for holding presidential elections as being the only solution to end the country’s bitter conflict for many years now.

In a TV interview on Saturday, Saleh said that those who are opposing these elections "want to remain in power."

He also considered that the continuation of the conflict is "a deliberate conspiracy that creates an excuse for external interventions in Libya’s internal affairs and violates the sovereignty and independence of the state” and urged to unite ranks to end the crisis faced by the country.

Saleh stressed that the elections will “bring all parties out of the scene in a peaceful and democratic way, without falling into a political vacuum and a new conflict.”

“The unification of institutions and the formation of a national government that will meet all citizens' requirements will enable the House of Representatives to monitor and hold them accountable,” he said, adding that Libyans should hold the deputies accountable for not attending the meetings.

Also, armed clashes in the Libyan capital have left 115 killed and 560 injured since August 27 and up until September 22, the field hospital of the Injured Affairs Department reported. It added that 17 persons are still missing due to the clashes.

"The killed are both civilian and military individuals in addition to foreign workers and unidentified persons. There are 383 injured whose cases are between serious and medium while 117 others have simple injuries." the hospital explained in an official statement.

The Department added that 156 families had been evacuated from different clashes' zones and 264 others were given lifesaving aids.

Reuters reported that armed groups from outside Tripoli launched an assault on the capital in late August amid unease over reports of the wealthy and extravagant lifestyles of some Tripoli militia commanders.

At the Frontline in Tripoli’s southern residential areas of Wadi Rabea and Fatma Zahra, shelled houses, torched vehicles, destroyed shops and deserted streets attest to the intensity of the clashes.

The fighting has knocked out most power stations in the city and crippled Tripoli’s main airport, Reuters added.



Lebanon Bans Dealing with Hezbollah Financial Entity

A view shows Lebanon's Central Bank building in Beirut, Lebanon April 4, 2025. REUTERS/Mohamed Azakir/File Photo
A view shows Lebanon's Central Bank building in Beirut, Lebanon April 4, 2025. REUTERS/Mohamed Azakir/File Photo
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Lebanon Bans Dealing with Hezbollah Financial Entity

A view shows Lebanon's Central Bank building in Beirut, Lebanon April 4, 2025. REUTERS/Mohamed Azakir/File Photo
A view shows Lebanon's Central Bank building in Beirut, Lebanon April 4, 2025. REUTERS/Mohamed Azakir/File Photo

Lebanon's central bank has banned banks and brokerages from dealing with a Hezbollah-affiliated financial institution, according to a circular, a sign of the group's diminished sway over state affairs since its devastating war with Israel.

Keeping up military pressure on the Iran-backed group, Israel on Tuesday launched some of its heaviest airstrikes since a ceasefire in November, saying it hit training camps and weapons depots in east Lebanon. A security source in Lebanon said 12 people were killed, five of them Hezbollah fighters, Reuters reported.

Hezbollah has faced mounting pressures since the war, including financial ones.

In the circular, dated July 14 and reviewed by Reuters, Banque du Liban prohibited all licensed financial institutions in Lebanon from dealing directly or indirectly with unlicensed entities and listed Hezbollah's Al-Qard Al-Hassan as an example.

The US Department of Treasury imposed sanctions on Al-Qard Al-Hassan in 2007, saying Hezbollah used it as a cover to manage "financial activities and gain access to the international financial system".

Bolstered by its powerful arsenal, Hezbollah had long exercised decisive influence over Lebanese state affairs, but it was unable to impose its will in the formation of a post-war government in February.

Al-Qard Al-Hassan, founded in 1983, describes itself as a charitable organisation which provides loans to people according to Islamic principles that forbid interest. Israel struck some of its branches during its war with Hezbollah last year.

Operating as a not-for-profit organisation under a licence granted by the Lebanese government, it has more than 30 branches, mostly in southern Lebanon and the Bekaa Valley.

SHADOW ECONOMY

A Lebanese official said the central bank move had been in the works for months, and reflected US pressure on Lebanon to take action against Hezbollah's financial wing.

Nassib Ghobril, chief economist at Byblos Bank, said Lebanese banks were already careful to avoid dealing with Al-Qard Al-Hassan because it is under US sanctions.

"The important point is that finally the authorities are addressing the shadow economy in Lebanon, which is the real problem," he said, adding that authorities had long failed to address its "toxic effects".

In June, the European Commission included Lebanon in an updated list of high-risk jurisdictions presenting strategic deficiencies in their national anti-money laundering and countering the financing of terrorism.

Last year, global financial crime watchdog FATF placed Lebanon on its "grey list" of countries under special scrutiny.