UN Warns Libya Faces Economic Collapse Amid Central Bank Crisis 

A view of the Central Bank of Libya in Tripoli, Libya, August 26, 2024. (Reuters)
A view of the Central Bank of Libya in Tripoli, Libya, August 26, 2024. (Reuters)
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UN Warns Libya Faces Economic Collapse Amid Central Bank Crisis 

A view of the Central Bank of Libya in Tripoli, Libya, August 26, 2024. (Reuters)
A view of the Central Bank of Libya in Tripoli, Libya, August 26, 2024. (Reuters)

The United Nations Support Mission in Libya (UNSMIL) issued a statement late on Monday expressing deep concern "over the deteriorating situation in Libya resulting from unilateral decisions."

Disputes over control of Libya's Central Bank have raised alarms about the potential misuse of the country's financial resources.

"UNSMIL is convening an emergency meeting for all parties involved in the Central Bank of Libya crisis in order to reach a consensus based on political agreements, applicable laws, and the principle of the central bank's independence," the statement said.

The UN mission has called for the suspension of unilateral decisions, the lifting of force majeure on oil fields, the halting of escalations and use of force, and the protection of Central Bank employees.

Libya's economy is heavily reliant on oil revenue, and there have been moves to impose force majeure on oil fields, effectively cutting off the country's primary source of income.

Earlier on Monday, Libya's eastern-based administration ordered the closure of oilfields in eastern Libya, which account for almost all the country's production, halting both production and exports after tensions flared over the Central Bank's leadership.

There has been no confirmation of these actions from the Government of National Unity (GNU) in Tripoli or from the National Oil Corp (NOC), which controls the country's oil resources.



Israel Battles Hamas in Gaza as Space for Displaced Families Narrows 

Palestinians inspect the damage following Israeli bombardment on Khan Younis in the southern Gaza Strip on August 27, 2024, amid the ongoing conflict between Israel and the Hamas group. (AFP)
Palestinians inspect the damage following Israeli bombardment on Khan Younis in the southern Gaza Strip on August 27, 2024, amid the ongoing conflict between Israel and the Hamas group. (AFP)
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Israel Battles Hamas in Gaza as Space for Displaced Families Narrows 

Palestinians inspect the damage following Israeli bombardment on Khan Younis in the southern Gaza Strip on August 27, 2024, amid the ongoing conflict between Israel and the Hamas group. (AFP)
Palestinians inspect the damage following Israeli bombardment on Khan Younis in the southern Gaza Strip on August 27, 2024, amid the ongoing conflict between Israel and the Hamas group. (AFP)

Palestinians displaced by fighting in the Gaza Strip crowded onto the seashore as Israeli forces continued to battle Hamas fighters in central and southern areas, with health officials reporting at least 17 people killed in strikes on Tuesday.

Ceasefire talks were continuing in Cairo with little sign of a concrete breakthrough over key issues separating the sides, including future control over two corridors in the Gaza Strip once fighting ends.

In recent days, Israel has issued several evacuation orders across Gaza, the most since the beginning of the 10-month war, prompting an outcry from Palestinians, the United Nations, and relief officials over the reduction of humanitarian zones and the absence of safe areas.

Residents and displaced families in the southern city of Khan Younis and Deir Al-Balah, in central Gaza, where most of the population is now concentrated, said they have been pushed to live in tents now packed on the beach.

"Maybe they should bring ships, so next time they order people to leave we can jump there, people are now on the beach near the seawater," said Aya, 30, a displaced woman from Gaza City, who now lives with her family in western Deir Al-Balah.

"Every day they say talks are progressing, an agreement is close, then all falls like dust. Do negotiators know that every day more families get wiped out by Israeli bombardment? Does the world understand that every day more costs us more lives?" she told Reuters via a chat app.

Palestinian health officials said Israeli strikes killed nine Palestinians in Bureij and Maghazi, two of Gaza's eight historic refugee camps, while another strike killed five people in Khan Younis and a third killed three others in Rafah.

More than 40,400 Palestinians have been killed in the war, according to Gaza's health ministry. The crowded enclave has been laid to waste and most of its 2.3 million people have been displaced multiple times and face acute shortages of food and medicine, humanitarian agencies say.

The conflict was triggered after Hamas fighters stormed into southern Israel on Oct. 7 killing 1,200 and taking more than 250 hostages, by Israeli tallies.

UN AID OPERATIONS HALTED

On Monday, United Nations aid operations in Gaza ground to a halt after Israel issued new evacuation orders on Sunday for Deir Al-Balah, where the UN operations center was located, a senior UN official said.

The evacuation order came as the UN has been preparing a campaign to vaccinate an estimated 640,000 children in Gaza against polio, after at least one case of the disease was identified.

As the fighting continued, negotiators in Cairo continued meetings aimed at halting the fighting and bringing 109 Israeli and foreign hostages home in an exchange deal for Palestinian prisoners.

Although there has been optimism from the United States, which is supporting the talks along with Egypt and Qatar, Hamas and Israel have been trading blame for a lack of progress.

Among the main sticking points has been Israel's insistence on maintaining control over the so-called Philadelphi corridor on the border with Egypt, which Israel says has been used as one of the main routes for smuggling weapons into Gaza.

Israel has also insisted on checks on people moving from southern and central Gaza into northern areas across the Netzarim corridor, running across the center of the Gaza Strip, saying it needs to ensure armed fighters cannot move north.