Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Libya's ballot outcome  Join our daily free Newsletter

MENAFN - Khaleej Times - 19/07/2012

No. of Ratings : 0
Digg This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story_s.aspx%3fstoryid%3d1093536393%26title%3dLibyas-ballot-outcome%26src%3dRSS Share This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story_s.aspx%3fstoryid%3d1093536393%26title%3dLibyas-ballot-outcome%26src%3dRSS Add to Delicious Seed this article Buzz this article Add to Reddit Add to furl Add to stumbleupon Add to Mixx!


 


(MENAFN - Khaleej Times) LIBYANS HAVE voted on policy circumference rather than tilting on ideologues. This is a moment of celebration in the North African country where people for the first time in almost four decades experienced the right to vote in a free and fair political environment.

The epoch-making aspect is the fact that people have chosen liberals and educated elements over extremists and people drawing their inspiration from clans and tribes. Though the ballot has returned a hung parliament, the 200-member legislature is likely to get down to its prime business of constitution making, thus sealing the revolution that overthrew a well-entrenched dictator.

The challenges, however, before the new house are enormous. First of all, it has to settle down to an equation with the leading vote getter, the centrist National Forces Alliance that has grabbed 39 of the 80 seats reserved for political parties. With the Muslim Brotherhood-affiliated Justice and Construction Party trailing with a mere 17 seats, the 120 Independent candidates hold the sway. Though none are sure about their credentials and political orientation, it is nonetheless going to be a tough time for seasoned politicians to strike a deal on any of the issues of common interest. Given to understand the pluralism that Libyan tribes boast, a government of national consensus seems indispensable. But all will depend on the allegiance of the Independent candidates who have emerged as the kingmakers in the aftermath of ballot. Any stigma of horse trading and clan-based politics would be no less than a blow to the dream of democracy and devolution of powers that Libyans had vied for under the autocratic and centralised dispensation of ousted leader Muammar Gaddafi. It is here that Tripoli will be put to test as it choreographs its moves towards a representative system.

The undercurrents from neighbouring Tunisia and Egypt, and moreover constitutional reforms attained in a peaceful manner in Morocco and Jordan, provide enough of precedence for the Libyans to strike a chord even in adversity. The plus point, however, here is that Libyans have evolved a representative order well in relevance with their cultural and tribal traditions, and have articulately adapted the salient features of Westminster governance. This should be more than enough for a good start.

The focus of the new government should be to disarm the host of military groups, who are out there to assert their role in local politics. Similarly, the call from the Libyans to ensure that justice is done to many of the stalwarts of the previous regime cannot be delayed any further. Libya should not go the Afghanistan way, and a coordinated political system that draws its legitimacy from the newly elected parliament can widely help fill the gap. The post-ballot phase demands close scrutiny and introspection.

 






  MENA News Headlines
May 26 2013 Bahrain Hosts Annual Gulf Construction Conference in June ,Qatar News Agency
(MENAFN - Qatar News Agency) Bahrain will host the Annual Gulf Construction Conference under the theme of "Challenges and Future Opportunities in the Construction Sector". The event will be ...

May 26 2013Abbas Discusses Investment In Palestine With World Economic Forum Chairman ,Qatar News Agency
(MENAFN - Qatar News Agency) Palestinian President Mahmoud Abbas met Saturday with the Executive Chairman of the World Economic Forum Klaus Schwab. The meeting held on the sidelines of the 2013 ...

May 26 2013Qatar's Nakilat to start building luxury yachts by 2015 ,MENAFN
(MENAFN) Qatar Gas Transport Company's (Nakilat) managing director, Muhammad Ghannam, announced that in 2014-15, the company will begin building small, luxury fiber glass yachts, reported Arabian ...

May 26 2013UAE- Damac to start Bay Edge sales ,Khaleej Times
(MENAFN - Khaleej Times) Damac Properties is launching sales on its latest serviced living project in the Burj Area of Dubai. Bay's Edge is a 22-storey iconic tower, offering waterfront views ...

May 26 2013UAE- Why brands should invest in content marketing? ,Khaleej Times
(MENAFN - Khaleej Times)  Content marketing is not a Facebook status update or a random good morning tweet for brands. Evolving with social media and understanding how the digital community ...

May 26 2013UAE- MAF to invest $1b in '13 ,Khaleej Times
(MENAFN - Khaleej Times) The UAE's Majid Al Futtaim Holding said that it foresaw capital investments of up to $1 billion this year as it steadily expanded its foothold in the region. This did not ...

May 26 2013UAE- Gulftainer planning $500m investments ,Khaleej Times
(MENAFN - Khaleej Times) Gulftainer plans to invest $500 million over two years as it expands in Russia and Saudi Arabia, the world's two biggest oil producers. The company, which operates the ...

May 26 2013UAE- UAB to offer door-to-door corporate banking soon ,Khaleej Times
(MENAFN - Khaleej Times)  Sharjah-based United Arab Bank, or UAB, will be rolling out Door-to-Door Banking, a service that will offer several corporate banking transactions to be carried out at ...

May 26 2013UAE- $465m convertible bonds from NBAD ,Khaleej Times
(MENAFN - Khaleej Times) The National Bank of Abu Dhabi, or NBAD, has issued $465 million senior unsecured convertible bonds for general purposes and to benefit from attractive yield. The bonds, ...

May 26 2013UAE- Younger generation is more socially responsible ,Khaleej Times
(MENAFN - Khaleej Times) Research has suggested that corporate social responsibility has become increasingly more important in the region, with four out of five companies in the region adopting ...

more...


 
Click to Apply






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help