EU Calls on Libyan Leaders to Deescalate Tensions

Libya's central bank governor Sadiq al-Kabir (Asharq Al-Awsat)
Libya's central bank governor Sadiq al-Kabir (Asharq Al-Awsat)
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EU Calls on Libyan Leaders to Deescalate Tensions

Libya's central bank governor Sadiq al-Kabir (Asharq Al-Awsat)
Libya's central bank governor Sadiq al-Kabir (Asharq Al-Awsat)

The European Union Delegation have urged all Libyan leaders to put national interests first, deescalate tensions, refrain from the use or threat of force, and lift the force majeure on all oil fields.

This came shortly after Libya's central bank governor Sadiq al-Kabir said he and other senior bank staff had been forced to leave the country to “protect our lives” from potential attacks, according to a report by the Financial Times.

On Friday, the EU Delegation and the diplomatic missions of EU Member States in Libya said they are gravely concerned about the deterioration of the situation in Libya amidst growing political fragmentation in the absence of unified institutions.

In a statement, the delegation urged all parties to engage constructively in good faith and seek a negotiated solution.

“We reaffirm our readiness to actively support this process, including to restore Libya’s path to the formation of a unified government and to national elections and call on all Libyan leaders to put national interests first, deescalate tensions, refrain from the use or threat of force, and lift the force majeure on all oil fields,” it added.

The delegation also warned that the intimidation of High Council of State members and CBL employees, the closure of oil fields, and disruptions in banking services are exacerbating an already fragile situation, threatening the economic lifelines of the Libyan people.

It then expressed support to UNSMIL’s call for urgent steps to deescalate and welcome the initiative to convene an emergency meeting of all relevant stakeholders to peacefully resolve the Central Bank crisis.

On Thursday, the Central Bank of Libya (CBL) administration, which is loyal to the Tripoli authorities, said it has regained control of all banking systems, after it was disrupted by the previous administration of the bank.

Tensions in Tripoli have forced al-Kabir to flee the country.

Al-Kabir told the Financial Times via telephone that “militias are threatening and terrifying bank staff and are sometimes abducting their children and relatives to force them to go to work,” referring to the kidnapping of director of his office, Rasem Najjar, and three employees.

The crisis over the control of the Central Bank of Libya renewed when the Tripoli-based Presidential Council moved this month to oust al-Kabir and replace him with a rival board.

The decision came against the wishes of Parliament which came to support al-Kabir by deciding to shut oilfields, suspend oil production and exports—the main source of revenue of the country.

However, al-Kabir chose to leave the country.

He said attempts by interim Prime Minister Abdulhamid al-Dbeibah to replace him were illegal, and contravened UN negotiated accords on control of the central bank.



Türkiye, Hamas Discuss Gaza Ceasefire Deal’s Second Phase, Turkish Source Says

Palestinian children play next to tents in a makeshift camp for displaced people set up on the beach in Gaza City, Tuesday, Dec. 16, 2025. (AP)
Palestinian children play next to tents in a makeshift camp for displaced people set up on the beach in Gaza City, Tuesday, Dec. 16, 2025. (AP)
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Türkiye, Hamas Discuss Gaza Ceasefire Deal’s Second Phase, Turkish Source Says

Palestinian children play next to tents in a makeshift camp for displaced people set up on the beach in Gaza City, Tuesday, Dec. 16, 2025. (AP)
Palestinian children play next to tents in a makeshift camp for displaced people set up on the beach in Gaza City, Tuesday, Dec. 16, 2025. (AP)

Turkish Foreign Minister Hakan Fidan on Wednesday ​met with Hamas political bureau officials in Ankara to discuss the ceasefire in Gaza and advancing the ‌agreement to ‌its ‌second ⁠phase, ​a ‌Turkish Foreign Ministry source said according to Reuters.

The source said the Hamas officials told Fidan that they had fulfilled ⁠their requirements as ‌part of the ‍ceasefire ‍deal, but that Israel's ‍continued targeting of Gaza aimed to prevent the agreement from ​moving to the next phase.

The Hamas members ⁠also said humanitarian aid entering Gaza was not sufficient, and that goods like medication, equipment for housing, and fuel were needed, the source ‌added.


Israel Says It Killed Hamas Financial Officer in Gaza

Buildings destroyed during Israeli ground and air operations stand in the Gaza Strip, as seen from southern Israel, Thursday, Dec. 18, 2025. (AP)
Buildings destroyed during Israeli ground and air operations stand in the Gaza Strip, as seen from southern Israel, Thursday, Dec. 18, 2025. (AP)
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Israel Says It Killed Hamas Financial Officer in Gaza

Buildings destroyed during Israeli ground and air operations stand in the Gaza Strip, as seen from southern Israel, Thursday, Dec. 18, 2025. (AP)
Buildings destroyed during Israeli ground and air operations stand in the Gaza Strip, as seen from southern Israel, Thursday, Dec. 18, 2025. (AP)

The Israeli army said Wednesday that it had identified a Hamas financial official it killed two weeks ago in a strike in the Gaza Strip.

Abdel Hay Zaqut, a financial official in Hamas's armed wing, on December 13 in the same strike that killed military commander Raed Saad, seen by Israel as one of the architects of Hamas's October 7, 2023 attack.

The Israeli army's Arabic-language spokesperson, Avichay Adraee, said on Wednesday that Zaqut was killed while he was in a vehicle alongside Raed Saad in "a joint operation by the Israeli army and the Shin Bet", Israel's internal security agency.

Zaqut "belonged to the financial department of the armed wing" of Hamas, Adraee wrote on X.

"Over the past year, Zaqut was responsible for collecting and transferring tens of millions of dollars to Hamas's armed wing with the aim of continuing the fight against the State of Israel," he said.

Hamas's leader for the Gaza Strip, Khalil al-Hayya, confirmed on December 14 the death of Saad and "his companions", though he did not name Zaqut.

The Israeli army said Saad headed the weapons production headquarters of Hamas's military wing and oversaw the group's build-up of capabilities.

Since October 10, a fragile truce has been in force in the Gaza Strip, although Israel and Hamas accuse each other of violations.

The war began with Hamas's 2023 attack on Israel, which resulted in the deaths of more than 1,200 people, most of them civilians, according to an AFP tally based on official figures.

Israel's retaliatory campaign has killed more than 70,000 people in the Gaza Strip, according to the health ministry in the Hamas-run territory, a figure the UN deems is credible.


Lebanon Central Bank Governor Expresses Reservations Over Draft Law on Deposit Recovery

 Lebanese Prime Minister Nawaf Salam heads a cabinet meeting in Beirut, Lebanon December 23, 2025. (Reuters)
Lebanese Prime Minister Nawaf Salam heads a cabinet meeting in Beirut, Lebanon December 23, 2025. (Reuters)
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Lebanon Central Bank Governor Expresses Reservations Over Draft Law on Deposit Recovery

 Lebanese Prime Minister Nawaf Salam heads a cabinet meeting in Beirut, Lebanon December 23, 2025. (Reuters)
Lebanese Prime Minister Nawaf Salam heads a cabinet meeting in Beirut, Lebanon December 23, 2025. (Reuters)

Lebanon’s Central Bank governor has expressed some reservations over a draft law allowing depositors to gradually recover funds ​frozen in the banking system since a financial collapse in 2019, a move critical to reviving the economy.

Karim Souaid described the proposed timetable for the cash component of deposit repayments as "somewhat ambitious" in a statement on Tuesday.

He suggested ‌it may ‌be adjusted without hindering ‌the depositors' ⁠rights ​guarantee "regular, ‌uninterrupted, and complete payments over time".

He also urged the cabinet to conduct a careful review of the draft law , calling for clarifications to ensure fairness and credibility before it is submitted to parliament.

The central ⁠bank governor said the draft required further refinement, ‌including clearer provisions to guarantee equitable ‍treatment of depositors ‍and to reinforce the state’s commitments ‍under the law.

The 2019 financial collapse - the result of decades of unsustainable financial policies, waste and corruption - led the state to default ​on its sovereign debt and sank the Lebanese pound.

The draft law marks ⁠the first time Beirut has put forward legislation aimed at addressing a vast funding shortfall - estimated at $70 billion in 2022 but now believed to be higher.

Prime Minister Nawaf Salam on Monday urged ministers to swiftly approve the draft legislation.

The cabinet discussed the law on Monday and Tuesday and is set to continue discussions ‌on Friday.