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BUSINESS: Leading Libyan Bank Chooses Temenos to Accelerate Digital Transformation.

BUSINESS: Leading Libyan Bank Chooses Temenos to Accelerate Digital Transformation.

AFRICA, Business, lybia
Assaray Trade and Investment Bank (ATIB) selects cloud-native, cloud-agnostic Temenos Infinity and Temenos Transact to replace legacy IT and launch new digital productsGENEVA, Switzerland, February 26, 2020/ -- Temenos (SIX: TEMN) (http://www.Temenos.com), the banking software company, today announced that Assaray Trade and Investment Bank (ATIB) has selected Temenos Infinity and Temenos Transact to power its digital transformation. Temenos’ cloud-native, cloud-agnostic banking platform will enable the bank to quickly launch new digital products for retail and corporate banking and improve the customer experience.ATIB has been a fixture in Libyan banking for over 20 years. It is recognized as one of the most structured and advanced banks in the country, delivering financial ser...
Libya’s renegade general declares ceasefire, ending nine-month attack on capital

Libya’s renegade general declares ceasefire, ending nine-month attack on capital

AFRICA, INTERNATIONAL, international criminal court, lybia
Libya's renegade Gen. Khalifa Haftar has declared a ceasefire, ending a nine-month campaign to seize the capital, Tripoli.The conditional ceasefire in the western region of the country -- including Tripoli -- started at 12:01 a.m. local time Sunday, according to the general's spokesman, Ahmed al-Mismari.That's provided that the rival side -- the UN-recognized Government of National Accord (GNA) -- abides by it, the statement added."The response will be harsh to any breach of this armistice," said al-Mismari.The GNA said the ceasefire was violated just minutes after going into effect by militias in Salah al-Din and Wadi al-Rabi districts. Despite this, the GNA is still committed to the ceasefire but said if it occurs again the "response will be violent and harsh."Since April, forc...
Nearly 1,000 migrants returned to Libya in the first two weeks of 2020: International Organization for Migration (IOM)

Nearly 1,000 migrants returned to Libya in the first two weeks of 2020: International Organization for Migration (IOM)

AFRICA, lybia
Over 1,000 other migrants who have registered for IOM’s Voluntary Humanitarian Return programme are still trapped in Libya due to the security situationGENEVA, Switzerland, January 14, 2020/ --  At least 953 migrants, among them 136 women and 85 children, have been returned to Libyan shores in the first two weeks of 2020. Most were disembarked in Tripoli and all were taken to detention centres. NGO search and rescue vessels reported having rescued 237 others. These returned migrants are among the more than 1,000 who have left Libya by sea since 1 January, driven in part by the heaviest clashes Tripoli has seen since hostilities began nine months ago.Migrants who spoke to International Organization for Migration (IOM) staff at disembarkation points in Libya said that the ...

Libya rebels capture Sirte, birthplace of Gaddafi

AFRICA, INTERNATIONAL, lybia
Forces loyal to renegade General Khalifa Haftar are in control of Sirte, the birthplace of former ruler Muammar Gaddafi. The self-styled Libyan National Army fighters took control of the coastal city late on Monday. Sirte had been under the control of the Tripoli-based government since 2016. Forces loyal to the internationally recognised Government of National Accord said they withdrew from Sirte to avoid civilian casualties. The city of 120,000 is a strategic asset for Haftar, whose administration is based in Benghazi. It sits just west of important oil terminals also controlled by his forces. It is also located on supply routes between eastern, western and southern Libya. Haftar, who is backed by Egypt, the United Arab Emirates and some European countries is k...