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World Economy Apr 08, 2026

Libyan Financier Facilitated $300m in Loans for Haftar's Tripoli Offensive

A recent investigation by The Sentry reveals that Libyan businessman Ahmed Gadalla played a crucial…
A recent investigation by The Sentry has uncovered that Libyan businessman Ahmed Gadalla facilitated hundreds of millions of dollars in loans to support Khalifa Haftar's failed 2019-2020 assault on Tripoli. The report alleges that Gadalla, a key enabler for Haftar family members, secured $300m in loans from a minor bank based in Abu Dhabi, United Arab Emirates (UAE), ahead of the offensive. The months-long campaign by forces loyal to Haftar to seize the Libyan capital from the United Nations-recognised government resulted in hundreds of deaths and displaced hundreds of thousands of people. The cost of the campaign was significant, with an estimated $700 million effort mobilised upfront. The investigation suggests that the money likely helped finance operations, including payments to Russia's mercenary Wagner Group, which supported Haftar's offensive. After Haftar's offensive collapsed, the loans remained largely unpaid, leaving the Libyan public to bear the financial burden. Gadalla has faced no accountability, and the report warns that he has since expanded his influence across eastern Libya's financial system, exerting control over key banks and facilitating large-scale letter-of-credit fraud and laundering illicit profits. The Sentry's report also links Gadalla to efforts to procure and transfer military equipment to Sudan, in violation of a UN arms embargo. The group has called on Western governments to impose targeted sanctions on Gadalla and his network, warning that without concerted international action, Libya faces the continued erosion of its economic foundations.
#gadalla #libyan #haftar
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World Mar 31, 2026

Critical US Surveillance Aircraft Destroyed in Iranian Strike at Saudi Base

The destruction of a US E-3 Sentry AWACS aircraft in an Iranian strike on Prince Sultan airbase in …
The destruction of a US E-3 Sentry airborne warning and control system (AWACS) aircraft in an Iranian strike on a Saudi Arabian airbase has raised significant questions about how a critical surveillance asset was left unprotected and how Iran managed to launch such a precise direct strike.The plane was one of only 16 operational E-3s, which first entered production in the 1960s and carry sophisticated monitoring equipment allowing them to detect airborne threats such as missiles while surveilling assigned battle spaces including communications, troop movements, and air defense sites.The attack that destroyed the aircraft on March 27, while it was parked at Prince Sultan airbase, demonstrated Iran's continuing ability to strike high-value targets in the region despite a month of US and Israeli air raids.Images from the scene show a direct strike on the E-3's radar dome near the tail, suggesting a high degree of accuracy in the attack. The strike also injured US servicemen and damaged several in-flight refuelling aircraft.Ukraine's president, Volodymyr Zelenskyy, stated that Ukrainian intelligence had information indicating a Russian spy satellite photographed the base three times before the attack—on March 20, 23, and 25. Zelenskyy explained that multiple satellite images typically indicate preparation for an imminent attack.Zelenskyy's comments follow reports that Moscow was providing intelligence to Iran on the location of US forces in the Middle East, a claim denied by Russia's foreign minister, Sergei Lavrov.The destroyed E-3 was one of six such aircraft deployed to the Saudi Arabian base. These aging aircraft have long suffered from maintenance issues, with the US Air Force's E-3s reportedly having a mission-capable rate of only about 56% in 2024.The E-3 can track up to 600 targets simultaneously over a large area, acting as the eyes and ears for fighter pilots. The loss of this particular E-3 is considered incredibly problematic, as these aircraft serve as crucial battle managers for airspace deconfliction, aircraft coordination, targeting, and providing other lethal effects needed for battlefield operations.While US and Israeli commanders have claimed a decrease in Iran's missile capabilities, experts had anticipated a reduction in Tehran's launch intensity as it conserves military resources. Some analysts suggest Iran may be targeting key enablers of US airpower as part of a deliberate campaign following initial successes by the US and Israel in controlling Iranian airspace.
#iran #aircraft #attack
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