Ever since its dictator Muammar Qaddafi was deposed, violently, in 2011, Libya has been consumed by chaos. Gruesome clashes between rival militias, which occupy large areas of territory, claimed more than 100 lives in August and September alone. Those that are state-sanctioned – built on the short-sighted view that your enemy's enemy is your friend – are often the biggest offenders when it comes to corruption, extortion and brutality. Despite the country's considerable oil wealth, Libya's economy is in freefall, with a foreign-exchange crisis forcing Libyans to queue for days to withdraw money. The capital, Tripoli − where the UN-backed but ineffectual Government of National Accord sits − hosts some of the conflict's worst violence. Meanwhile, in the east an alternative administration, led by powerful military commander Field Marshal Khalifa Haftar, has attracted the backing of the UAE, Russia and Egypt following some success in rooting out extremism. Seven years after its revolution, that is the dire state in which Libya finds itself.
The chaos of this environment is clearly illustrated by the fact that Hisham Ashmawi, an Egyptian Al Qaeda commander once referred to as "the most dangerous terrorist we face" by an Egyptian national security official, was able to hole up in Libya for four years, planning attacks in Egypt from his hiding place in the former Al Qaeda stronghold of Derna. It is worth acknowledging that Field Marshal Haftar's capture of a high-ranking terrorist accused of orchestrating bomb attacks that have killed dozens, is encouraging for Libya, Egypt and wider regional security. It reflects the impressive progress Field Marshal Haftar and his Libyan National Army have made in wrestling territory from myriad militias as he looks to bring some semblance of stability to eastern Libya. It is an indicator of his prudence that after intermittently reclaiming vital oil terminals from occupying militias, he has made a habit of returning them to the National Oil Corporation, in whose hands they general vital revenue.
Thanks to an agreement in Paris in May, national elections are slated for December 10. But the security environment in Libya is such that any hope of peaceful and free elections is misguided. The Government of National Accord has attempted to improve the situation, with economic reforms and the appointment this month of Fathi Bashagha – who boasts a close relationships with numerous militias – as interior minister, responsible for securing Tripoli. But whether or not elections take place as planned, the Libyan people are in urgent need of peace and stability. With a well-meaning but weak administration in Tripoli and dozens of self-interested warring militias, Field Marshal Haftar has proven himself to be a leader capable of providing it. And with the capture of one of Egypt's most wanted terrorists, he has again shown his resolve amidst the chaos.
OTHER IPL BOWLING RECORDS
Best bowling figures: 6-14 – Sohail Tanvir (for Rajasthan Royals against Chennai Super Kings in 2008)
Best average: 16.36 – Andrew Tye
Best economy rate: 6.53 – Sunil Narine
Best strike-rate: 12.83 – Andrew Tye
Best strike-rate in an innings: 1.50 – Suresh Raina (for Chennai Super Kings against Rajasthan Royals in 2011)
Most runs conceded in an innings: 70 – Basil Thampi (for Sunrisers Hyderabad against Royal Challengers Bangalore in 2018)
Most hat-tricks: 3 – Amit Mishra
Most dot-balls: 1,128 – Harbhajan Singh
Most maiden overs bowled: 14 – Praveen Kumar
Most four-wicket hauls: 6 – Sunil Narine
What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
UAE currency: the story behind the money in your pockets
Killing of Qassem Suleimani
UAE currency: the story behind the money in your pockets
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What can you do?
Document everything immediately; including dates, times, locations and witnesses
Seek professional advice from a legal expert
You can report an incident to HR or an immediate supervisor
You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline
In criminal cases, you can contact the police for additional support
The specs
Engine: 4.0-litre V8 twin-turbocharged and three electric motors
Power: Combined output 920hp
Torque: 730Nm at 4,000-7,000rpm
Transmission: 8-speed dual-clutch automatic
Fuel consumption: 11.2L/100km
On sale: Now, deliveries expected later in 2025
Price: expected to start at Dh1,432,000
UAE currency: the story behind the money in your pockets