Libya's eastern administration appoints a new central bank governor

Libya's eastern-based parliament has appointed Fawzi Abu Khazam as governor of the Central Bank of Libya, after accepting the resignation of Naji Issa.

According to the parliament’s spokesperson, 78 of the 90 members present voted in favour of confirming the appointment.

Libya remains divided between a UN-recognised government in Tripoli and a rival administration and parliament in the east, backed by military commander Khalifa Haftar.

Issa was appointed as central bank chief in 2024 amid a political standoff that saw a halt in oil production and a deep financial crisis.

He submitted his resignation to the two legislative chambers in August saying he could not continue in his post, but without publicly explaining his reasons.

In October, on the day parliament accepted his resignation, the central bank said its headquarters in the capital Tripoli was raided by unidentified individuals.

Parliament sits in the eastern city of Benghazi under Haftar control, and got a new speaker weeks before reversing course on the central bank appointment.

The Tripoli-based High Council of State, parliament's rival in the ‌west of the country, has not yet commented on the east's vote on Abu Khazam.

You may also like

Brazil: Santa Claus School celebrates graduation at Christ the Redeemer

Iran's leaders say midterm results show voters have rejected Trump's war

UK: Police arrest Palestine Action supporters outside Supreme Court

From the same country

Libya's eastern administration bans nationals from Iran and Afghanistan

Two European women kidnapped in Niger freed in Libya

Rights group says eastern Libyan authorities are carrying out executions

01:00

Brazil: Santa Claus School celebrates graduation at Christ the Redeemer

01:09

Iran's leaders say midterm results show voters have rejected Trump's war

01:00

UK: Police arrest Palestine Action supporters outside Supreme Court

01:07

Libya's eastern administration bans nationals from Iran and Afghanistan

00:48

Two European women kidnapped in Niger freed in Libya

01:07

Rights group says eastern Libyan authorities are carrying out executions

01:00

Brazil: Santa Claus School celebrates graduation at Christ the Redeemer

01:09

Iran's leaders say midterm results show voters have rejected Trump's war

01:00

UK: Police arrest Palestine Action supporters outside Supreme Court

01:07

Libya's eastern administration bans nationals from Iran and Afghanistan

00:48

Two European women kidnapped in Niger freed in Libya

01:07

Rights group says eastern Libyan authorities are carrying out executions

NEWS

00:45

Niger signs cooperation deal with military leader in eastern Libya

BUSINESS 01:04 Libya’s central bank targeted in overnight raid raising fresh concerns

NEWS

Go to video

Gabon oil rig disaster: Three bodies found, two still missing

NEWS

01:04

Oil slick from Strait of Hormuz reaches UAE's northern coast

BUSINESS

00:53

Nigeria's Dangote oil refinery closes 'historic' IPO

NO COMMENT 01:00 Russia: Huge flames and smoke rise over St Petersburg after drone strikes

00:56 South Africa South Africans vote amid growing discontent over failing services and infrastructure

01:08 USA Democrat Keisha Lance Bottoms becomes first Black woman governor in US history

01:11 US presidential election 2024 Democrats seize Congress as Trump refuses to take blame