LIBYA: Central Bank suspends operations after official is abducted
LIBYA'S central bank, located in Tripoli, has announced that it would halt all activities until one of its senior officials, kidnapped earlier in the day, is freed. This decision could have significant economic ramifications, as the central bank is the internationally recognized institution responsible for managing Libya’s oil revenues—a crucial income source for the country, which remains divided between two rival administrations in Tripoli and Benghazi. According to Reuters, the Libyan Central Bank has reported that Musaab Muslam, head of its IT department, had been abducted by unknown assailants, prompting the institution to suspend operations. The bank condemned the incident,…