-
Libya Elections and Candidates

The main goal of the elections is to bring the long-aspired sense of security and stability to Libya, the North African country that has been suffering from civil war, armed militia, and terrorism for almost a decade. However, the indirect, but greater, goal of stabilizing Libya through a democratic process is to bring the regions influenced by Libya’s turmoil back to sanity under the international law and norms. That includes North Africa, central Africa, and the eastern Mediterranean.
Let’s hope the voting scene will be as peaceful and democratic as the international community desires it to be. The success of this electoral process in installing a new stable system of governance will open the doors of a prosperous future for the Libyan people. This will consequently enhance the stability and security in north and central Africa, as well as in the eastern Mediterranean region. However, all these remain flowery wishes, as long as the deep divisions among the Libyan tribes and political factions, in eastern and western territories, has not been resolved, yet.
The initial list of potential presidential candidates, who registered themselves so far, is a clear indicator on that. The list includes the biggest troublemakers in Libya, from both Benghazi and Tripoli. On the top of the list is General Khalifa Haftar of the Libyan National Army (LNA), who has a strong hold on eastern and southern territories. Haftar is already accused of planning mass killings of Libyan people in the past years. Despite that, the elastic election law did not prevent him from running.
The same thing could be said about Saif Al-Islam Gaddafi, who appeared at the candidates’ registration station, wearing the iconic gown and turban of his father, former president Muammar Gaddafi, who was removed from power and killed by rebels during the Arab Spring years. Meanwhile, it is ironic to see Aguila Saleh, Parliament Speaker and a close ally to Haftar, decide to join the race for the presidential seat. Allegedly, Aguila Saleh tailored the Election Law, released in October, to fit Haftar.
With these types of candidates, we can hardly expect anything good to come out of these elections. The victory of any of them is going to be disastrous for Libya’s future and will eventually lead to another state failure, that may be very difficult to resolve this time. At the same time, there is not guarantee that they will accept the voting results without turning it into a fight that may recreate the civil war. I can hardly imagine that Haftar will, for example, accept losing in this election without trying to raise hell against Tripoli as he did before, in 2019 and beyond. In that sense, there is no guarantee that these elections, in that format, are going to achieve the main goal of the political process; that is, bringing long-term security and stability to Libya and the Libyan people.
Elections and voting are democratic practices that cannot stand still on the shaking ground of the extremely divided political scene in Libya. The type of democracy, which is dependent on ballot boxes, is a political practice that requires a tough ground of social unity and national security to flourish upon. Otherwise, it may fail in a way that destroys the whole political solution process and magnifies the many existing tragedies of Libya.

BY:Dalia Ziada
Tags
You May Also Like
Popular Posts
Caricature
BENEFIT AGM approves 10%...
- March 27, 2025
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).
Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.
opinion
Report
ads
Newsletter
Subscribe to our mailing list to get the new updates!